Digital Risk Management Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 9.7 Billion by 2030, growing at a CAGR of 13.8% from 2024 to 2030.
The Digital Risk Management market has evolved significantly from 2018 to 2022, driven by increasing digitalization across industries and growing concerns about cybersecurity. Businesses across sectors adopted digital risk management solutions to protect their sensitive data, manage vulnerabilities, and ensure regulatory compliance in an increasingly complex technological landscape. During this period, the focus was largely on securing the cloud, safeguarding the Internet of Things (IoT) environments, and addressing risks associated with big data and artificial intelligence. As the demand for digital security solutions surged, global spending on digital risk management tools skyrocketed, reflecting an urgent need to safeguard assets from evolving cyber threats and compliance challenges.
The market landscape shifted dramatically between 2023 and 2033, with forecasts predicting exponential growth due to the rise of digital-first business models and the accelerating need for protection against increasingly sophisticated cyber-attacks. By 2023, the demand for digital risk management solutions reached an all-time high, with businesses across all sectors investing heavily in AI-driven risk detection and automated compliance management systems. These technologies offer real-time, scalable security solutions designed to combat emerging threats, such as ransomware, advanced persistent threats, and data breaches.
Furthermore, industries like healthcare, financial services, and government organizations are expected to continue driving this growth. As these sectors handle highly sensitive data, there is a continuous push to integrate robust cybersecurity measures to mitigate potential risks. Similarly, businesses in the manufacturing and retail sectors have been more actively adopting digital risk management frameworks to stay compliant with global standards, while protecting their customers’ data from cybercriminals.
The next decade will witness a significant demand for solutions such as AI-powered risk management systems, blockchain for data security, and advanced threat intelligence platforms. Companies investing in these cutting-edge technologies will gain a competitive edge, enabling them to proactively mitigate risks before they can disrupt business operations.
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IBM Corporation
Oracle Corporation
SAP
SAS Institute Inc.
Broadcom
NAVEX Global
lnc.
LogicManager
Inc.
Metricstream Inc.
ServiceNow
RSA Security LLC
Qualys
Inc.
Rapid7
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Digital Risk Management Market
Large Enterprise
SMEs
Based on Types the Market is categorized into Below types that held the largest Digital Risk Management market share In 2023.
Cloud
On-premise
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Digital Risk Management Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Digital Risk Management Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Digital Risk Management Market, By Type
6. Global Digital Risk Management Market, By Application
7. Global Digital Risk Management Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Digital Risk Management Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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