The Europe Digital Risk Protection Market would witness market growth of 19.0% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Digital Risk Protection Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,978.5 million by 2030. The UK market is exhibiting a CAGR of 18% during (2023 - 2030). Additionally, The France market would experience a CAGR of 20% during (2023 - 2030).
The rise of e-commerce fraud, including account takeovers, payment fraud, and fraudulent transactions, poses significant challenges for retailers and e-commerce companies. Cybercriminals exploit vulnerabilities in eCommerce platforms, exploit stolen credentials, and use sophisticated fraud tactics to defraud retailers and customers. DRP solutions provide fraud detection, behavioral analytics, and transaction monitoring capabilities to help retailers identify and prevent fraudulent activities, protect against financial losses, and safeguard the integrity of eCommerce transactions.
Furthermore, cybersecurity and digital risk management have been viewed as distinct disciplines. However, there is a growing recognition among organizations that digital risk encompasses a broader spectrum of threats beyond cybersecurity, including brand reputation risks, compliance risks, and operational risks. As a result, there is a trend towards the convergence of cybersecurity and digital risk management, with organizations adopting integrated approaches to manage and mitigate digital risks comprehensively.
According to the UK Government, the UK’s financial services sector is one of the world’s most open, innovative, and dynamic. The United Kingdom represents 11% of the global fintech industry. It is home to an estimated 2,500 fintech companies, with six of the top ten in London. Due to its high value financial transactions, sensitive client data, and vital infrastructure, the UK's financial sector is a prime target for cybercriminals. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Digital Risk Protection Market will Hit USD 224.2 Billion by 2030, at a CAGR of 19.5%
Based on Offering, the market is segmented into Solution (Incident Response, Phishing Detection, Automate Threat Mitigation, Supply Chain Security, App Protection, Brand Protection, and Others), and Services. Based on Organization Size, the market is segmented into Large Enterprises, and SMES. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Government, Healthcare, Retail & eCommerce, Media & Entertainment, and Others. Based on Security Type, the market is segmented into Cloud Security, Network Security, Endpoint Security, and Application Security. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Offering
By Organization Size
By Deployment Mode
By Vertical
By Security Type
By Country
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