- In terms of revenue, global digital risk protection software market was valued at US$ 633.2 Mn in 2019 and is anticipated to grow at a CAGR of 8.3% to reach US$ 1,294.4 Mn by 2028.
- The Covid-19 impact has encouraged organizations to adopt digital risk protection software owing to the changes in their security infrastructure, aiding them to ensure a secure and smooth remote working environment.
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- Geographically, Asia Pacific is expected to grow with the highest CAGR of 9.2% over the forecast period. Favourable government initiatives across these countries are supplementing the market growth. Myanmar, for instance, is embracing transition from planned economy to an open-market economy which is influencing the development of ICT infrastructure in the country. This is increasing the demand for cybersecurity across the region, thereby contributing towards the growth of digital risk protection software market.
- The integration of artificial intelligence (AI) and big data analytics in digital risk protection software showcases immense growth potential in digital risk protection software market. For instance, HEROIC.com offers an artificial intelligence powered cybersecurity platform for organizations to protect their digital data and offer unified security management, and intelligent threat protection amongst others.
- Regulatory bodies are rolling out data protection laws such as GDPR in Europe and HIPAA in the U.S., which is enforcing organizations to adopt solutions to ensure adequate compliance and protection of digital assets. This is influencing the growth of global digital risk protection software market.
- Some of the players operating in the digital risk protection software market are Axur Inc, Blueliv, Cyberint, CYBERSPRINT, Digital Shadows Ltd., DIGITALSTAKEOUT INC., FireEye, LookingGlass Cyber Solutions, Inc., PhishLabs, Proofpoint, Inc., RiskIQ, RSA Security LLC, SafeGuard Cyber, SAI Global Pty Limited, Skurio Ltd., Sweepatic, Waverley Labs LLC and ZeroFox, amongst other market participants.
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The detailed research study provides qualitative and quantitative analysis of digital risk protection software market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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