Digital Risk Protection Software Market - Introduction

  • The companies are increasing the investment on advanced technology for business operation and due increasing demand of digitalization the companies are shifted towards digital transformation o business modules.
  • Digital risk protection software protects a company during digital transformation (from unwanted exposure of data, and cyber-attacks on confidential information), besides protecting the company brand.
  • Digital transformation increases the security threats related to data breach and cyber security. Digital risk protection software allows a company to detect data loss, reduce the attack surface, and secure the online brand value and identity.
  • Digital risk protection software continuously maps the digital footprint of the company and detects external risk to brand and identity.
  • Digital risk protection software has different features such as immediate vulnerability detection, automated risk analysis, continuous or real time insights, and industry specific compliance reporting.
digital risk protection software market

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Key Drivers of the Digital Risk Protection Software Market

  • Technological advancement in applications and connections increases the complexity in data storage processes at different office locations. This is expected to drive the digital risk protection software market.
  • Increasing digital footprints of a company increases the data security threat, which in turn is expected to boost the demand for digital risk protection software among companies.
  • Investors are collaborating with risk management solution companies to consolidate their position in the market and provide advanced solutions in digital risk protection software. This is expected to offer significant opportunities to solution providers of digital risk protection software.

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Limitation and budget constraints in small and medium enterprises expected to hinder the market

  • Budgets constraints and limitations on IT spending on advanced technology among small and medium enterprises restrains the growth of the digital risk protection software market
  • Lack of awareness about advanced digital risk protection and skilled IT technicians in small and medium enterprises increase the cyber-attacks on enterprise data. This, in turn, is also expected to hamper the digital risk protection software market.
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Impact of COVID-19 on the Global Digital Risk Protection Software Market

  • Companies are adopting digitalization of business processes due to the lockdown measures and to provide user-friendly and more reliable platforms to manage business activities. Companies are adopting digital risk protection to secure their digital footprints and data transaction processes. Furthermore, the ever-increasing threat of COVID-19 is projected to boost the demand for digital risk protection software solutions during the forecast period.

North America to Hold Major Share of the Global Digital Risk Protection Software Market

  • North America holds a prominent share of the global digital risk protection software market due to an increase in adoption of e-commerce platforms and increasing demand for solutions to prevent cyber-attacks on enterprise data.
  • The digital risk protection software market in Asia Pacific and Europe is expected to expand at a rapid pace during the forecast period due to increasing investment by major players to provide solutions across these regions and also due to the increasing adoption of digital platforms by companies in Asia Pacific and Europe.
digital risk protection software market 2

Key Players Operating in the Global Digital Risk Protection Software Market

  • Proofpoint, Inc.

    Proofpoint, Inc. is a provider of cloud-based security solutions to large-sized and mid-sized enterprises in a wide range of industries. The company offers security solutions to businesses for data protection, email security, social networking security, and mobility security solutions, to reduce threat and compliance risk. It also offers cloud-based solutions such as advanced threat protection, email protection, social media protection, information protection, compliance governance, and secure communication.

  • Digital Shadows Ltd.

    Digital Shadows Ltd. is a global provider of digital risk protection solutions to businesses. The company offers a wide range of solutions such as brand protection, dark web monitoring, data leakage protection, and surface monitoring solutions to secure enterprise networks.

Other key players operating in the global digital risk protection software market include Recorded Future, Inc., ZeroFOX, Inc., RiskIQ Inc., LookingGlass Cyber Solutions Inc., IntSights Cyber Intelligence, Inc, Axur, and Cyberint Technologies Ltd.

Global Digital Risk Protection Software Market: Research Scope

Global Digital Risk Protection Software Market, by Deployment

  • Cloud-based
  • On-premise

Global Digital Risk Protection Software Market, by Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

Global Digital Risk Protection Software Market, by Industry

  • BFSI
  • Automotive
  • Manufacturing
  • Healthcare
  • Government
  • IT & Telecom
  • Others

Global Digital Risk Protection Software Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Digital Risk Protection Software Market