Global Digital Risk Management Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 14.0% from 2024 to 2030.
In today's increasingly digital world, managing risk in the realm of technology and data is critical for organizations of all sizes. The Digital Risk Management (DRM) market has seen significant growth as businesses face challenges in securing data, preventing breaches, and maintaining compliance with regulatory requirements. The growing reliance on digital platforms and cloud computing has escalated the importance of risk management systems to mitigate threats related to cyber-attacks, data theft, and fraud.
The Digital Risk Management market is projected to expand significantly in the coming years. According to recent estimates, the market could reach over USD 10 billion by 2027, with a compound annual growth rate (CAGR) of approximately 14%. This growth can be attributed to the rising number of cyber threats and the increasing complexity of IT systems. Companies are investing in advanced DRM solutions to protect sensitive information, secure cloud environments, and ensure business continuity.
Several trends are shaping the DRM landscape. First, artificial intelligence (AI) and machine learning (ML) are being integrated into DRM tools to enhance predictive capabilities and automate risk detection. By leveraging these technologies, organizations can quickly identify vulnerabilities and respond to potential threats before they escalate. Additionally, with the rise of remote work, there has been a greater emphasis on securing endpoints and implementing multi-factor authentication (MFA) across the workforce.
Another key driver of the DRM market is the increasing regulatory pressure on organizations to comply with data protection laws such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Companies must ensure that their digital assets are secure and that customer data is handled in accordance with these strict regulations. Failure to comply could result in hefty fines, legal repercussions, and damaged reputations.
Furthermore, cloud-based risk management solutions are gaining popularity due to their scalability and flexibility. These solutions offer businesses the ability to manage digital risk remotely and across multiple platforms, making them more adaptable to the dynamic nature of modern enterprises.
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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, Global, 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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