PUBLISHER: Allied Market Research | PRODUCT CODE: 1344369
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344369
According to a new report published by Allied Market Research, titled, "Digital Immune System Market," The digital immune system market was valued at $16.8 billion in 2022, and is estimated to reach $57 billion by 2032, growing at a CAGR of 13.3% from 2023 to 2032.
Furthermore, rise in concerns about cyberattacks and loT and BYOD trends impact the growth of the digital immune system market size. Moreover, the market growth is affected by lack of understanding among consumer regarding security. In addition, increase in use of mobile platforms and applications and rise in threat of phishing and malware among businesses influence the market growth. However, each of these factors is expected to have a definite impact on the growth of the global digital immune system market during the forecast period.
On the basis of component, the solution segment dominate the global digital immune system market share, owing to the adoption of these solutions is further aided by the automated capabilities and improved visibility that digital immune technologies provide for identifying and thwarting threats. In addition, digital immune solutions continuously gather data and perform analytics, combining them into a single view. Security teams may then quickly access and apprehend the state of all their networks. However, the services segment would also showcase the fastest growth during the forecast period, owing to more effectively detecting, investigating, and responding to cyberattacks. In addition, these services enhance the use of software programs, maximize the cost of an existing installation by optimizing it, and reduce deployment costs & risks, all of which contribute to the growth of the market. There is an increase in the use of consulting services by businesses to develop and manage attractive and durable digital immune system offerings tailored to their particular requirements, which promote long-term, profitable growth.
Region-wise, North America dominated the global digital immune system market growth in 2022, and is projected to retain its dominance by 2032, owing to rise in demand is driven by the growing awareness among organizations in this region about data security and compliance with the most recent rules established by the governments of these nations. Moreover, the demand for digital immune system is rising owing to the fact that it aids an organization in keeping track of, detecting, reporting, and thwarting cyber threats, which are internet-based attempts to compromise sensitive data through phishing, spyware, and malware. However, the Asia-Pacific region would also portray the fastest growth during the forecast period, owing to the increasing severity of these attacks and strict government regulations, it is anticipated that the Asia-Pacific digital immune system market will grow at a notable pace.
For the purpose of analysis, the global digital immune system market scope covers segmentation based on component, deployment mode, security type, industry vertical, and region. On the basis of component, the market is bifurcated into solutions and services. Depending on deployment mode, it is segregated into on-premise and cloud. By security type, it is fragmented into network security, cloud security, endpoint security, internet of things (IoT) security, and others. By industry vertical, it is divided into IT & telecom, BFSI, manufacturing, education, healthcare, government, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the digital immune system industry are International Business Machines Corporation , Cisco System, Inc., Palo Alto Networks Inc, Trend Micro Incorporated, Broadcom, McAfee, LLC, FireEye, Inc., HCL Technologies Limited, Check Point Software Technologies Ltd., and Microsoft Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the digital immune system industry globally.