Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the digital security control market provides an in-depth analysis of segments and sub-segments in the global as well as regional digital security control market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital security control market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global digital security control market. According to the report, the global digital security control market is projected to grow at a CAGR of 13% around the forecast period of 2021-2027. The market grew from over USD 13 billion in 2021 to over USD 26 billion in 2027.
Digital security is a term that describes the resources hired to protect your online identity, data, and other assets. These tools basically include web services, antivirus software, smartphone SIM cards, biometrics, and secured personal devices. Digital security controls include things such as usernames and passwords, two-factor authentication, antivirus software, and firewalls. Digital Security is most important because it allows people to use social media and online baking and protects them from risks such as identity theft and fraud. Digital security control deals with the protection and security of an individual’s digital identification and other types of interactions that are being carried out in the world of digitalization. The growth of the Digital Security Control market is highly dependent on the growth of the internet security market globally. Digital security is an encompassing term that includes the tools that can be used to secure identity, assets, and technology in the online world. These tools that can be used to protect your identity include anti-virus software, web services, biometrics, and secure personal devices you carry with you every day. The covid 19 pandemic created various challenges for businesses worldwide to continue operating despite massive shutdowns of offices and other facilities. The world became far more digitally connected and vulnerable. The demands placed on the digital infrastructure had skyrocketed during its starting phase of it. Secure-edge, cloud-based data leakage prevention, and threat-protection controls can help safeguard an organization’s critical assets. The rapid and unexpectedly broad interruption to businesses around the world has left companies struggling to maintain security and business continuity
The banking sector holds a larger amount of sensitive and confidential financial data which must be protected to avoid cyber-attacks. Moreover, the increasing security concerns among the banks and the consumers regarding information leakage are significantly driving the growth of the market. Furthermore, increasing penetration of biometric authentication using biological characteristics including face recognition, and fingerprint authentication to verify and validate users’ identity to prevent cyber-crimes such as identity theft, and data breaches are set to drive the market. Due to its large dependence on technology, the need for complex and expensive tools, and hacking posing as a problem in the digital world might hamper its market growth. Furthermore, many enterprises are opting for multi-factor authentication services and this can be a major opportunity for the DSC market
Among the regions, North America accounted for the largest share of the global Digital Security Control market. The growing demand for digital security systems in the telecommunication and internet security industry is driving the market in the North American region. Furthermore, rapidly growing demand in the information security market is expected to drive in the forecast years. However, the Asia Pacific region is anticipated to grow at the highest rate in the global Digital Security Control market over the forecast period. Owing to the shift towards digitalization and growing demand for the prevention of digital imitation of documents and cyber-crime. The presence of a strong IT industry in India and China is one of the major factors that are driving the growth of the Asia-Pacific. China will be one of the fastest-growing countries in this region
The report on the global digital security control market covers segments such as hardware, and software. On the basis of hardware, the sub-markets include smart card, sim card, biometric technology, and security token. On the basis of software, the sub-markets include anti-phishing, authentication, network surveillance, and others.
The report provides profiles of the companies in the market such as 3M, Gemalto NV, Fireeye, Inc, Safenet, Inc., RSA Security LLC, Oberthur Technologies, NEC Corporation, Vasco Data Security International, and HID Global Corporation.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the digital security control market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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