New York, According to a new market research report published by Global Insight Services “Digital Risk Protection Platform Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Digital risk protection platforms help organizations identify, assess and respond to digital risks. These risks can come from a variety of sources, including cyber attacks, data breaches, phishing scams and social engineering. By using a digital risk protection platform, organizations can gain visibility into these risks and take steps to mitigate them. These platforms can also help organizations respond quickly and effectively to incidents, minimizing the impact of digital risks.
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Key Trends
There are a few key trends in digital risk protection platform technology. One is the rise of cloud-based solutions. This means that instead of having a physical appliance on-premises, organizations are using cloud-based solutions that can be deployed quickly and easily. This trend is driven by the need for speed and flexibility when it comes to digital risk protection.
Another key trend is the use of machine learning and artificial intelligence. This technology is used to help identify risks and vulnerabilities more quickly and accurately. Additionally, machine learning can be used to automate some of the tasks associated with digital risk protection, such as threat detection and response.
Finally, there is a trend towards more comprehensive and integrated solutions. This means that instead of using multiple point products, organizations are looking for solutions that can provide a complete picture of their digital risk. Additionally, these solutions are often designed to work together with other security solutions, such as SIEMs and vulnerability management platforms.
Key Drivers
The growing need to protect organizations from data breaches and cyber-attacks is the key driver for the market. In addition, the increasing number of regulations and compliance requirements is also fuelling market growth. However, the lack of awareness about digital risk protection solutions and the high cost of implementation are some of the challenges faced by the market.
Organizations are increasingly adopting digital risk protection platforms to safeguard their critical data and assets from cyber-attacks. These platforms help organizations to identify, monitor, and respond to digital risks in real-time. Additionally, digital risk protection platforms also enable organizations to comply with various regulations, such as the General Data Protection Regulation (GDPR).
Market Segmentation
The Digital Risk Protection Platform Market is segmented into deployment type, enterprise size, end-user, and region. On the basis of deployment type the market is segmented as cloud and on-premise. On the basis of enterprise size, the market is segmented as small and medium enterprises, and large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, healthcare, government, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Digital Risk Protection Platform Market are Proofpoint, Digital Shadows Ltd., FireEye, LookingGlass Cyber Solutions, RSA Security LLC, PhishLabs, Axur, Cyberprint, Safeguard Cyber and RiskIQ.
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Reasons to buy Digital Risk Protection Platform Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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