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Digital Risk Protection Market Share

Report ID: GMI9497
Published Date: May 2024
Report Format: PDF

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Digital Risk Protection Market Share

Microsoft (RiskIQ) and Broadcom (Symantec) dominate the market with around 10% revenue share. Microsoft is gaining ground through technological advancements, especially in digital risk protection, and strategic alliances. They have increased the range of products they offer through strategic acquisitions, increasing the ability to respond to changing consumer needs.

Partnerships with cybersecurity and technology companies bolster the use of advanced security systems, boosting the effectiveness of digital risk management operations. Organizations’ commitment to cybersecurity satisfies both legal and consumer needs with the use of cutting-edge threat detection and mitigation techniques. Companies are maintaining their leadership positions owing to their strategic combination of innovation, cooperation, and market adaptation.

Digital Risk Protection Market Companies

Major companies operating in the digital risk protection industry are:

BlueVoyant
Broadcom (Symantec)
Fortinet, Inc.
Microsoft (RiskIQ)
Palo Alto Networks
Proofpoint
Rapid7, Inc.
ReliaQuest (Digital Shadows)
Splunk Inc.
ZeroFOX

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of digital risk protection reached USD 8.1 billion in 2023 and is set to witness 13.5% CAGR from 2024 to 2032, owing to the rising cybercrimes, stringent regulatory compliance, rapid digital transformation, and growing adoption of AI & ML.

The software component segment accounted for over 65% revenue share in 2023, due to the development of improved threat intelligence platforms with innovative ML and AI algorithms.

The cloud deployment model segment in the digital risk protection industry is projected to record over USD 9.5 billion by 2032, led by the increasing use of cloud model by organizations to leverage scalability, flexibility, and cost-efficiency.

North America market accounted for 35% revenue share in 2023, on account of the increasing frequency of digital threats and strict regulatory requirements.