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Digital Security Control Market Trends

Report ID: GMI9389 Published Date: May 2024Report Format: PDF
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Summary
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Digital Security Control Market Trends

AI and ML technologies are being increasingly integrated into digital security control solutions to enhance threat detection, automate incident response, and improve decision-making processes. AI-powered analytics enable security systems to analyze vast amounts of data in real time, identify anomalous behavior patterns, and proactively detect security incidents or breaches, thereby augmenting the capabilities of security operators and reducing response times.

As cyber threats become more sophisticated, reliance on traditional password-based security is diminishing. Multi-factor authentication, which requires two or more verification factors, is becoming a standard security measure for enhancing digital security. This trend is particularly pronounced in industries handling sensitive data, such as finance and healthcare.

Blockchain technology is being explored for its potential in various security applications due to its decentralized and tamper-evident nature. It offers the potential for securing transactions, identity verification, and safeguarding supply chains. Blockchain’s ability to maintain integrity and transparency while preventing fraud is attracting interest across multiple industries.

Author: Suraj Gujar, Deeksha Vishwakarma
Frequently Asked Question(FAQ) :

Why is the demand for digital security control software rising?+

The software component segment held over 40% of the market share in 2023, driven by high demand for security software that can protect data in the cloud, ensure safe data transmission, and manage user access.

How much is the digital security control market worth?+

The market size of digital security control reached USD 20 billion in 2023 and will record over 12.5% CAGR between 2024 and 2032, led by the expansion of digital infrastructure.

Why is the digital security control industry booming in North America?+

North America market held a share of over 30% in 2023, propelled by a rise in cyber threats and attacks targeting organizations.

Who are the major digital security control market players?+

Palo Alto Networks, McAfee, LLC, CrowdStrike, Inc., Cisco Systems, Inc., Fortinet Inc., Thales, and NEC Corporation among others.

Digital Security Control Market Scope

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