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Digital Security Market, Global Outlook and Forecast 2024-2030

The global Digital Security market was valued at US$ 199.6 billion in 2023 and is projected to reach US$ 339.5 billion by 2030, at a CAGR of 8.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

This report aims to provide a comprehensive presentation of the global market for Digital Security, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Security. This report contains market size and forecasts of Digital Security in global, including the following market information:

  • Global Digital Security Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global top five companies in 2023 (%)

The global key manufacturers of Digital Security include Morpho Inc, NEC Corporation, Gemalto NV, 3M, Fireeye Inc, HID Global, Oberthur Technologies, Vasco Data Security International and SafeNet, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

Digital security has become a paramount concern in today's technology-driven world. As cyber threats grow more sophisticated, the demand for robust digital security solutions has surged.

Cyber Threat Landscape

  • Data Breaches: In 2023 alone, over 4,000 data breaches were reported, exposing more than 22 billion records. This marks a significant increase from previous years, emphasizing the escalating threat environment.
  • Ransomware Attacks: Ransomware incidents rose by 45% in 2023, with an estimated cost of $20 billion to global businesses. Small and medium-sized enterprises (SMEs) are particularly vulnerable, accounting for 43% of these attacks.

End User Impact

  • Consumer Awareness: 68% of consumers express concern over their online privacy and data security. This has led to a 15% rise in the adoption of personal security software and VPN services.
  • Enterprise Security Measures: 89% of enterprises have implemented multi-factor authentication (MFA), up from 56% in 2020. Furthermore, 72% of organizations have increased their cybersecurity budgets to counteract growing threats.

Industry-Specific Insights

  • Healthcare Sector: The healthcare industry has seen a 25% increase in cyberattacks, with 70% of breaches involving patient records. As a result, 85% of healthcare providers are investing in enhanced digital security measures.
  • Financial Services: Financial institutions remain a prime target for cybercriminals. 90% of banks have reported an increase in cyber threats, leading to a 20% rise in cybersecurity investments.

Regulatory Landscape

  • Compliance and Regulations: 78% of businesses are now subject to data protection regulations such as GDPR and CCPA. Compliance efforts have driven a 30% increase in spending on data security solutions.
  • Impact of Non-Compliance: Non-compliance with these regulations has resulted in fines totaling $3.6 billion globally in 2023, underscoring the importance of adherence to data protection laws.

Future Trends

  • AI and Machine Learning: 65% of organizations are exploring the use of AI and machine learning to enhance their cybersecurity posture. These technologies are expected to play a critical role in identifying and mitigating threats in real-time.
  • Zero Trust Architecture: The adoption of zero trust security models is expected to grow by 20% annually, with 58% of enterprises planning to implement this approach by 2025.

The digital security landscape is rapidly evolving, driven by the increasing frequency and sophistication of cyber threats. As end users, both consumers and enterprises, become more aware of the importance of robust security measures, investments in digital security solutions are set to rise. 

We surveyed the Digital Security companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Security Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Digital Security Market Segment Percentages, by Type, 2023 (%)

  • Hardware
  • Software
  • Services
Global Digital Security Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Digital Security Market Segment Percentages, by Application, 2023 (%)
  • BFSI
  • Mobile Security and Telecommunication
  • National Defense and Security
  • Others
Global Digital Security Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Digital Security Market Segment Percentages, By Region and Country, 2023 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Digital Security revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Digital Security revenues share in global market, 2023 (%)
key players include:
  • Morpho Inc
  • NEC Corporation
  • Gemalto NV
  • 3M
  • Fireeye Inc
  • HID Global
  • Oberthur Technologies
  • Vasco Data Security International
  • SafeNet
  • RSA Security LLC

Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Security, market overview.
Chapter 2: Global Digital Security market size in revenue.
Chapter 3: Detailed analysis of Digital Security company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Digital Security in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.