Digital Risk Protection Market

The digital risk protection market size is projected to grow from USD 64.4 billion in 2023 and reach USD 157.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The expansion of the digital risk protection market is driven by the ever-evolving nature of cyber threats, especially in digital risk attacks.

With cybercriminals using sophisticated methods like spear phishing and social engineering, organizations across industries need to invest significantly in advanced cybersecurity measures. The rising frequency and severity of digital risk incidents and the need to protect sensitive data and intellectual property and comply with regulations highlight the importance of comprehensive digital risk protection solutions. The growing use of digital communication channels, remote work setups, and cloud-based services further boosts the demand for innovative technologies capable of effectively detecting, preventing, and mitigating digital risk attacks. In the dynamic cybersecurity landscape, the digital risk protection market plays a vital role in developing adaptive strategies and technologies to proactively tackle evolving threats and ensure the security of digital ecosystems.

Major Digital Risk Protection Companies Include:

• Microsoft(US)
• CISCO (US)
• Broadcom (US)
• Kaspersky (Russia)
• Trend Micro (Japan)

The major players in the digital risk protection market are Microsoft(US), CISCO (US), Broadcom (US), Palo Alto Networks (US), Kaspersky (Russia), Rapid7 (US), Proofpoint (US), Trend Micro (Japan), Fortinet (US), RSA Security (US), Cyberark (US), Crowdstrike (US), Darktrace (UK), Forcepoint (US), Digital Shadows (US), Zerofox (US), Brandshield (US), Phishlabs (US), Lookingglass cyber solutions (US), CyberInt (Israel), Cybelangel (France) Safeguard Cyber (US), Axur (US), F-secure (Finland), Cofense (US), Exabeam (US), Dtex Systems (France), Menlo Security (US). The market participants have employed diverse tactics, including creating cutting-edge products, collaborations, agreements, growth, and procurements, to fortify their standing in the digital risk protection industry. By offering application performance and security, the organic and inorganic methods have assisted the market players in their global expansion.

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Microsoft

Microsoft utilizes artificial intelligence (AI) to create platforms and tools for businesses of all sizes, providing a wide range of cloud-based solutions, services, and software licenses. The company's reporting segments include productivity and business processes, intelligent cloud, and more personal computing, reflecting its strategies in cloud and on-premises products. To combat phishing attacks, Microsoft employs multiple layers of defense. It filters out malicious emails in Office 365 and Teams using advanced filters and AI. Windows 11's Enhanced Phishing Protection feature monitors suspicious password entries and conducts simulated attacks to improve user awareness.

Additionally, Microsoft Defender scans endpoints, identities, and cloud applications for phishing threats, while Entra ID offers multi-factor authentication. Educational resources help users report suspicious messages and refine detection algorithms. This comprehensive approach reduces successful attacks, increases user awareness, and provides tools for quick incident response. Defender for Office 365 effectively detects, and counters advanced threats such as phishing, malware, and zero-day exploits, facilitating rapid investigation and remediation for security teams.

Cisco

Cisco, a prominent player in the digital risk protection market, contributes significantly to its growth through innovative solutions and strategic partnerships. Amidst a dynamic market landscape, key drivers such as increasing cyber threats, stringent data privacy regulations, and a growing demand for skilled cybersecurity professionals propel market expansion. Cisco's robust portfolio, including advanced threat detection and response capabilities, coupled with its extensive network of partners, positions it favorably in addressing evolving digital risks. The current growth scenario underscores Cisco's pivotal role in providing comprehensive digital risk protection solutions tailored to meet the diverse needs of organizations, ensuring resilience against emerging threats in an increasingly digitalized world.

Broadcom

Broadcom Inc. is a global leader in infrastructure technology with a rich history spanning over six decades of innovation and collaboration. Building on the legacy of renowned companies like AT&T/Bell Labs, Lucent, and Hewlett-Packard/Agilent, Broadcom focuses on developing technologies that promote worldwide connectivity. By bringing together expertise from industry giants such as Broadcom, LSI, Broadcom Corporation, Brocade, CA Technologies, Symantec's enterprise security division, and VMware, the company offers unmatched scale, breadth, and engineering excellence to drive the industry forward. Committed to interoperability and performance, Broadcom actively participates in various industry standards organizations, alliances, and trade associations. Through its involvement in shaping industry standards, Broadcom ensures continual improvement and seamless interoperability across different technological environments.

Kaspersky 

Kaspersky focuses on providing a wide range of cybersecurity solutions for individuals, small to medium-sized businesses (SMBs), and large enterprises. The company's offerings are designed to protect against a variety of cyber threats, including malware, ransomware, phishing, and advanced persistent threats (APTs).

Trend Micro 

Related Reports:

Digital Risk Protection Market by Offering, Solution Type (Automated Threat Mitigation, Phishing Protection, Incident Response), Security Type, Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2028