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全球數位信託市場 2024-2031Global Digital Trust Market 2024-2031 |
數位信託市場規模、佔有率和趨勢分析報告,依部署模式(基於雲端和本地)、解決方案(身份和存取管理、資料隱私和保護、風險與合規管理以及詐欺檢測和預防)以及最終用戶行業( BFSI、醫療保健、零售和電子商務、政府和國防、電信和IT、能源和公用事業、製造業等),預測期(2024-2031)
預計數位信託市場在預測期內(2024-2031年)年複合成長率將達到 14.4%。數位信任是指數位領域中個人、組織和實體之間建立的信任和可靠性。它包括網路安全、資料保護、隱私和身分管理,以滿足數位領域日益成長的信任需求。
Digital Trust Market Size, Share & Trends Analysis Report by Deployment Mode (Cloud-Based and On-Premises), by Solutions (Identity and Access Management, Data Privacy and Protection, Risk and Compliance Management, and Fraud Detection and Prevention), and by End-User Industry (BFSI, Healthcare, Retail and E-Commerce, Government and Defense, Telecom and IT, Energy and Utilities, Manufacturing, and Others) Forecast Period (2024-2031)
Digital trust market is anticipated to grow at a significant CAGR of 14.4% during the forecast period (2024-2031). Digital trust refers to the confidence and reliability established between individuals, organizations, and entities in the digital realm. It comprises cybersecurity, data protection, privacy, and identity management to address the growing demand for trust in the digital realm.
Market Dynamics
The Increasing Adoption of Zero Trust Solutions by Enterprises is Expected to Drive Market Growth
Zero trust security demands verifying every access request, with continuous verification of digital identities through authentication methods such as public key infrastructure (PKI), single sign-on (SSO), multi-factor authentication (MFA), and others. With data breach incidents emerging, zero trust solutions effectively mitigate security risks. In January 2022, the US federal government introduced direct orders for implementing zero trust approaches. This memorandum outlines a Federal zero trust architecture (ZTA) strategy, mandating agencies to meet cyber security standards by the end of Fiscal Year (FY) 2024 to strengthen Government defenses against sophisticated threats targeting Federal technology infrastructure.
The implementation of a zero trust system is expected to enhance digital trust security capabilities by providing centralized control and visibility. Consequently, these solutions together are projected to strengthen the connections between users and devices with confidence. Various technology companies are collaborating to enhance their product offerings through strategic partnerships. For instance, in January 2022, DigiCert collaborated with the National Institute of Standards and Technology (NIST) on a Zero-Trust consortium to produce an example of a Zero-Trust architecture that uses modern best practices.
Market Segmentation
Cloud-Based is Anticipated to Grow During the Forecast Period
Based on the deployment mode, the global digital trust market is sub-segmented into software and services. Among these, the cloud-based sub-segment is expected to grow over the forecast period. The primary factor supporting the segment's growth includes the increased adoption of cloud services, cyber security concerns, and the demand for business continuity and resilience, growing importance of data privacy, and integration of AI and ML technologies.
By end-user industry, the BFSI segment dominates the market share owing to facing significant risks such as fraud, cyber-attacks, and data breaches. Digital trust solutions, offering advanced capabilities such as fraud detection and cyber security, help mitigate these risks and safeguard sensitive information. This growth is propelled by the shift towards digital transformation, increasing the demand for reliable digital trust solutions amidst escalating digitalization. As a result, major players collaborate with startups to tackle societal issues, contributing to innovative solutions in fraud detection, risk management, and customer experience enhancement, fueling the digital trust market. In October 2022, Fujitsu launched its Fujitsu Computing as a Service portfolio in Japan, aiming for global expansion in fiscal 2023. Simultaneously, Fujitsu initiated the Fujitsu Accelerator Program for CaaS, a global partner initiative addressing societal issues through collaborative solution creation with startups on the CaaS platform.
The global digital trust market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Key Initiatives Promoting Digital Trust in Europe
Global Digital Trust Market Growth by Region 2024-2031
Source: OMR Analysis
North America Dominates the Digital Trust Market
Among all regions, North America dominates the digital trust market. With the rising digital transformation and internet penetration, the region has witnessed a surge in cyber-attacks, anticipated to propel market growth. According to CNB News, US hospitals experienced 299 ransomware attacks in 2023. Consequently, the increase in such data breach incidents has driven the demand for solutions. The diverse industries in the region, including finance, healthcare, technology, and manufacturing, have a high demand for digital trust solutions to safeguard sensitive data, mitigate cyber threats, and ensure regulatory compliance.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global digital trust market include Amazon Web Services, Inc., Entrust Corp., IBM Corp., Microsoft Corp., and Oracle Corp. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2023, Garrigues acquired a 51.0% stake in EAD Trust, a digital trust Services Company registered as a Qualified Trust Service Provider. This attempt positioned Garrigues in the digital trust market, aligning with the upcoming eIDAS2 regulation to update trust and digital identity services in the European Union for a more connected and digitized society.