Market Overview:
The global digital security market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing adoption of cloud-based services, big data and analytics, and Internet of Things (IoT). Moreover, the need for data security and privacy is also fueling the growth of the global digital security market. However, lack of awareness about cyber threats among end users may restrain the growth of this market during the forecast period. Based on type, hardware accounted for a major share ofthe global digital securitymarket in 2017. This segment is expected to dominatethe market duringthe forecast period owingto rising demand for advancedsecurity solutions such as biometric authenticationand intrusion detection systems.
Product Definition:
Digital security is the protection of electronic data, information and systems from unauthorized access or destruction. The importance of digital security cannot be overstated. Virtually every aspect of our lives is now conducted online, and if that data is not properly secured, it can be stolen or compromised. This could have devastating consequences for both individuals and businesses.
Hardware:
Hardware is the part of technology which includes storage devices, networking devices and input/output devices. The Digital Security market has grown at a tremendous rate over the past few years owing to increased use of internet banking, e-commerce and mobile phones coupled with rising threats from terrorist activities. Hardware plays an important role in providing security for financial institutions as well as individual users.
Software:
Software is the set of instructions, which aids in the management and control of a device or system. In other words, it is an electronic representation of every action that can be performed with respect to a device. It contains all information and data needed to operate or control a particular machine or system.
Application Insights:
The national defense and security segment dominated the global digital security market in 2017, accounting for over 25.0% share of the overall revenue. The growth can be attributed to increasing use of mobile phones and tablets among soldiers in various countries such as India, China, South Korea, Australia etc. Furthermore, growing concerns regarding data breaches among governments and private companies are driving the demand further. For instance in 2015 a data breach was reported by Sony Corporation which affected more than 100 million users worldwide including 47 million users in North America region (Sony Entertainment Network). Such incidents are prompting consumers to adopt new technologies that offer enhanced digital security measures such as biometric authentication & encryption services across various applications globally thereby fueling the growth of DSS market at a significant rate.
Regional Analysis:
The North American regional market dominated the global demand for digital security in 2017. The growth is attributed to the presence of a large number of technology providers and implementation of advanced technologies such as cloud, IoT, big data analytics, and artificial intelligence. Moreover, increasing cyber-attacks have led to an increased adoption of these solutions across various industries in this region.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to rapid technological advancements coupled with increased government initiatives for improving national security infrastructure in countries like China and India. Furthermore, rising geopolitical tensions between major economies such as China and India has resulted in enhanced spending on military modernization programs by both countries which will drive product demand further over the next eight years. Global Digital Security Market Share By Region (2017), (%)North America 28%, Asia Pacific 31%, Europe 22%, MEA 6% Source: Gartner Inc.
Growth Factors:
- Increasing demand for data security and privacy from consumers and businesses
- Proliferation of connected devices and the Internet of Things (IoT)
- The increasing number of cyber-attacks and data breaches
- Regulatory compliance requirements for data security
- The growing trend of cloud computing
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Security Market Research Report
By Type
Hardware, Software, Services
By Application
BFSI, Mobile Security and Telecommunication, National Defense and Security, Others
By Companies
Morpho Inc, NEC Corporation, Gemalto NV, 3M, Fireeye Inc, HID Global, Oberthur Technologies, Vasco Data Security International, SafeNet, RSA Security LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Digital Security Market Report Segments:
The global Digital Security market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Mobile Security and Telecommunication, National Defense and Security, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Morpho Inc
- NEC Corporation
- Gemalto NV
- 3M
- Fireeye Inc
- HID Global
- Oberthur Technologies
- Vasco Data Security International
- SafeNet
- RSA Security LLC
Highlights of The Digital Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- BFSI
- Mobile Security and Telecommunication
- National Defense and Security
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital security is the practice of protecting digital information and systems from unauthorized access, use, or disclosure. Digital security can be achieved through a variety of methods including authentication, encryption, and firewalls.
Some of the major players in the digital security market are Morpho Inc, NEC Corporation, Gemalto NV, 3M, Fireeye Inc, HID Global, Oberthur Technologies, Vasco Data Security International, SafeNet, RSA Security LLC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Security Market Size & Forecast, 2018-2028
4.5.1 Digital Security Market Size and Y-o-Y Growth
4.5.2 Digital Security Market Absolute $ Opportunity
Chapter 5 Global Digital Security Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Security Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Security Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Security Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Mobile Security and Telecommunication
6.2.3 National Defense and Security
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Security Analysis and Forecast
9.1 Introduction
9.2 North America Digital Security Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Security Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Security Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Mobile Security and Telecommunication
9.10.3 National Defense and Security
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Security Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Security Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Security Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Security Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Mobile Security and Telecommunication
10.10.3 National Defense and Security
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Security Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Security Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Security Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Mobile Security and Telecommunication
11.10.3 National Defense and Security
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Security Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Security Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Security Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Mobile Security and Telecommunication
12.10.3 National Defense and Security
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Security Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Security Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Security Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Mobile Security and Telecommunication
13.10.3 National Defense and Security
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Security Market: Competitive Dashboard
14.2 Global Digital Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Morpho Inc
14.3.2 NEC Corporation
14.3.3 Gemalto NV
14.3.4 3M
14.3.5 Fireeye Inc
14.3.6 HID Global
14.3.7 Oberthur Technologies
14.3.8 Vasco Data Security International
14.3.9 SafeNet
14.3.10 RSA Security LLC
