Digital Security Control Market Forecast 2024-2033

Overview and Scope
Digital security controls (DSC) refer to a set of measures and technologies implemented to safeguard digital assets, information, and systems from unauthorized access, cyber threats, and potential risks. The purpose of digital security controls is to safeguard digital assets, information, and technology infrastructure from unauthorized access, cyber threats, and potential risks.

Sizing and Forecast
The digital security control market size has grown rapidly in recent years. It will grow from $15.38 billion in 2023 to $17.40 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing reliance on digital technologies, growing frequency and sophistication of cyber-attacks, rising use of IoT devices, need for information security, economic globalization and increased digital transactions.

The digital security control market size is expected to see rapid growth in the next few years. It will grow to $28.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to continued growth in the reliance on digital technologies, escalating cyber threats and attacks, technological advancements in authentication and encryption methods, greater integration of security solutions with cloud and mobile platforms, emphasis on information security and privacy regulations. Major trends in the forecast period include multi-factor authentication, advanced mobile security and telecommunication, integration of security solutions, and new investments in the digital security sector.

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Segmentation & Regional Insights
The digital security control market covered in this report is segmented –

1) By Service : Two-Factor Authentication, Three-Factor Authentication, Four-Factor Authentication
2) By Hardware: Smart Card, Sim Card (Subscriber Identity Module), Biometric Technologies, Security Token
3) By Software : Anti-Phishing, Authentication, Network Surveillance, Security Management, Web Technologies
4) By Application : Mobile Security and Telecommunication, Finance and Banking, Healthcare, Commercial

North America was the largest region in the digital security control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital security control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing cyber threats are expected to propel the growth of the digital security control market going forward. Cyber threats refer to potential dangers or risks to information systems, computer networks, and digital infrastructure posed by malicious actors or events in the digital realm. Cyber threats are on the rise due to a combination of factors, including the rapid expansion of digital technologies, the increasing sophistication of cybercriminal tactics, and the monetization of cyber-attacks. Digital security controls are essential for effective cyber threat control by protecting digital assets, detecting malicious activities, and responding to security incidents promptly and efficiently. For instance, in February 2024, according to AAG IT Services, a US-based computer support and services company, an estimated 53.35 million US citizens were affected by cybercrime in the first half of 2022. Moreover, between July 2020 and June 2021, the US was the most targeted country for cyber-attacks, accounting for 46% of attacks globally. Therefore, the increasing cyber threats will boost the digital security controls market.

Key Industry Players

Major companies operating in the digital security control market are Microsoft Corporation, Cisco Systems Inc., 3M Company, NEC Corporation, Palo Alto Networks, Gemalto NV, Morpho S.A.S, McAfee Corporation, Trend Micro Inc, CrowdStrike, HID Global Corporation, Bundesdruckerei GmbH, RSA Security LLC, Rapid7, CyberArk, Fireeye Inc, Vasco Data Security International Inc, Safenet Inc., Watchdata Technologies, Secura Key, CardLogix Corporation, Oberthur Technologies, IntelCav, Alioth LLC

The digital security control market report table of contents includes:

1. Executive Summary
2. Digital Security Control Market Characteristics
3. Digital Security Control Market Trends And Strategies
4. Digital Security Control Market – Macro Economic Scenario
5. Global Digital Security Control Market Size and Growth
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31. Digital Security Control Market Other Major And Innovative Companies
32. Global Digital Security Control Market Competitive Benchmarking
33. Global Digital Security Control Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Security Control Market
35. Digital Security Control Market Future Outlook and Potential Analysis
36.Appendix

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