PUBLISHER: Value Market Research | PRODUCT CODE: 1306564
PUBLISHER: Value Market Research | PRODUCT CODE: 1306564
The global demand for Digital Risk Management Market is presumed to reach the market size of nearly USD 32.28 BN by 2030 from USD 9.52 BN in 2022 with a CAGR of 16.49% under the study period 2023 - 2030.
Digital risk management identifies, assesses, and mitigates the risks associated with digital technologies, data assets, and online activities. It encompasses strategies, policies, and practices aimed at protecting organizations from potential threats and vulnerabilities arising from the use of digital platforms, technologies, and data.
The digital risk management market is experiencing growth due to various driving factors. The increasing prevalence of cybersecurity threats and sophisticated cyberattacks is a significant driver as organizations seek effective solutions to manage and mitigate these risks. Adherence to regulatory frameworks, including GDPR and CCPA, is another vital factor driving the importance of data protection and privacy compliance for organizations. The ongoing digital transformation initiatives across industries introduce new risks and vulnerabilities, thereby fueling the demand for digital risk management solutions. The growing volume and value of data, coupled with the need to protect sensitive information, also contribute to market growth. Reputational risks associated with high-profile data breaches highlight the importance of these services in safeguarding an organization's reputation and brand value. The adoption of cloud computing and the industry-specific regulations in sectors like finance and healthcare drive the need for tailored management solutions. Additionally, the increased focus on risk management by boards and senior management further propelled the market. Overall, the Digital risk management market is expanding due to the growing recognition of cybersecurity risks and the need for comprehensive solutions to manage these risks effectively.
The research covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of digital risk management. The growth and trends of digital risk management industry provide a holistic approach to this study.
This section of the digital risk management market provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Digital Risk Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital risk management market include IBM Corporation, Oracle Corporation, SAP, SAS Institute Inc., Broadcom, NAVEX Global Inc., LogicManager Inc., Metricstream Inc., ServiceNow, RSA Security LLC, Qualys Inc., Rapid7. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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