The global demand for Digital Risk Protection Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Digital risk protection (DRP) protects internal resources from external threats during digital transformation. It secures companies and customers from digital risks for the entire infrastructure and protects them from account takeovers, social media phishing scams, and malicious content. It works with external cybersecurity teams with advanced threat detection technology. Digital risk protection facilitates the achievement of business outcomes, protects all external-facing boundaries of a business's ecosystem, and facilitates unmitigated access to all digital technology. It detects data loss, reduces the attack surface, secures the online brand value and identity, continuously maps the company's digital footprint, and detects external risk to brand and identity.
Market Dynamics
The global digital risk protection market is projected to grow significantly during the forecast period. Digitalization of businesses, increasing investment in advanced technology for business operation, and rising security threats related to data breaches and cybersecurity drive the global digital risk protection market. Digital risks are an unavoidable by-product of an expanding ecosystem. It is essential to prevent cyber-attacks before they happen proactively to clean up damage after a security breach. Digital risk protection removes the need to establish costly internal security teams, allows businesses to scale their digital risk protection efforts rapidly and cost-effectively. All this contributes to the growing market. However, budgets constraints, inadequate spending on advanced technology, and lack of awareness about advanced digital risk protection among small and medium enterprises hampers the development of the digital risk protection market
The research report 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 protection. The growth and trends of digital risk protection industry provide a holistic approach to this study.
Market Segmentation
This section of the digital risk protection market report 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.
By Deployment
By Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
By Industry
- BFSI
- Automotive
- Manufacturing
- Healthcare
- Government
- IT & Telecom
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Digital Risk Protection market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Digital Risk Protection Market Share by Region (Representative Graph)
The research report 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 protection market include Recorded Future, Inc., ZeroFOX, Inc., RiskIQ Inc., LookingGlass Cyber Solutions Inc., IntSights Cyber Intelligence, Inc, Axur, and Cyberint Technologies Ltd. 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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