Digital Trust Global Market Report 2024

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Digital Trust Global Market Report 2024 – By Component (Solution, Services), By Solution Type (Data Verification, Authentication, ID Authentication, Fraud Prevention, Compliance, Other Solutions), By Deployment Model (On-Premises, Cloud-Based, Hybrid ), By Organization Size (Large Enterprise, Small And Medium-Sized Enterprises), By End-User Industry (Banking, Financial Services, And Insurance, Healthcare, Information Technology And Telecommunications, Government And Public Sector, Retail And E-Commerce, Energy And Utilities, Other End-User Industries) – Market Size, Trends, And Global Forecast 2024-2033

Digital Trust Global Market Report 2024

Starting Price : $4000.00 | Pages : 175 | Published : May 2024 | Delivery Time: 2-3 business days | Format : pdf

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Digital Trust Market Definition And Segments

Digital trust refers to the confidence and assurance that individuals, organizations, and entities have in the security, reliability, privacy, and integrity of digital technologies, systems, platforms, and transactions. It encompasses the belief that digital interactions, communications, and transactions will occur securely, transparently, and ethically, fostering trust among users and stakeholders in the digital ecosystem.

The main types of components in digital trust are solutions and services. A solution refers to a combination of technologies, processes, and services designed to address specific challenges related to security, privacy, and reliability in digital transactions and interactions. The various solution types include data verification, authentication, ID authentication, fraud prevention, compliance, and others, and these can be deployed by on-premises, cloud-based, and hybrid solutions in various organizations, such as large enterprises and small and medium-sized enterprises. These are used by various end-user industries such as banking, financial services, insurance, healthcare, information technology and telecommunications, government and public sectors, retail and e-commerce, energy and utilities, and others.

The digital trust market covered in this report is segmented –

1) By Component: Solution, Services

2) By Solution Type: Data Verification, Authentication, ID Authentication, Fraud Prevention, Compliance, Other Solutions

3) By Deployment Model: On-Premises, Cloud-Based, Hybrid

4) By Organization Size: Large Enterprise, Small And Medium-Sized Enterprises

5) By End-User Industry: Banking, Financial Services, And Insurance, Healthcare, Information Technology And Telecommunications, Government And Public Sector, Retail And E-Commerce, Energy And Utilities, Other End-User Industries

The digital trust market size has grown rapidly in recent years. It will grow from $346.02 billion in 2023 to $410.06 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to increasing data breaches and privacy concerns, digital transformation initiatives, stringent regulatory requirements, growing adoption of digital transformation.

The digital trust market size is expected to see rapid growth in the next few years. It will grow to $813.72 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to IoT expansion, 5G adoption, zero trust architecture adoption, rapid cloud migration. Major trends in the forecast period include blockchain for trust verification, decentralized identity solutions, quantum-safe cryptography, interoperability standards, AI-powered threat intelligence.

Navigating The Surge In Cybersecurity Threats And The Rise Of Digital Trust

The growing cybersecurity threats are expected to propel the growth of the digital trust market going forward. Cybersecurity threats refer to various risks and dangers that can compromise the security of digital systems and data. The digital transformation of businesses and organizations has accelerated the adoption of cloud computing, remote work, and digital services, introducing new complexities and vulnerabilities into IT environments. Digital trust is critical in curbing cybersecurity threats by promoting security, transparency, collaboration, resilience, and accountability in the digital ecosystem by fostering trust among stakeholders and implementing robust cybersecurity practices. For instance, in January 2024, according to an annual cyber threat report published by the Australian Cyber Security Centre, an Australian-based government agency, over 76,000 cybercrime reports were made between 2021 and 2022, marking a nearly 13% increase compared to the previous year. Therefore, the growing cybersecurity threats are driving the growth of the digital trust market.

Major companies operating in the digital trust market are Microsoft Corporation, International Business Machines Corporation, Cisco Systems Inc., Sophos Group, Oracle Corporation, VMware Inc., Thales Group, Fortinet Inc., Gemalto N.V., Gen Digital Inc., NortonLifeLock, Splunk Inc., Check Point Software Technologies, McAfee LLC, Okta Inc., Trend Micro, Verisign Inc., Proofpoint Inc., Zscaler Inc., Kaspersky Lab, Rapid7 Inc., Akamai Technologies, Entrust Inc., Ping Identity Corporation, Trustwave Holdings Inc., ForgeRock Inc., Trellix Inc

Innovating Digital Trust With Secure Certification Services

Major companies operating in the digital trust market are focusing on innovations in software solutions such as the GoCertius application, to provide seamless digital security. The GoCertius app is a digital trust product developed to provide digital evidence with maximum protection and legal efficacy, securely offering certification services for videos, images, and electronic files. For instance, in December 2023, Garrigues, a Spain-based legal services provider, launched the GoCertius app. This electronic certification tool ensures digital files' integrity and legal security, placing the firm in the digital trust market. This app aims to generate secure digital evidence legally valid for any digital files. This represents a significant step towards legal innovation for Garrigues, marking a milestone in providing secure digital certification services to users.

OpSec Security Strengthens Brand Protection Arsenal With Acquisition Of Zacco Digital Trust

In April 2023, OpSec Security, a US-based provider of anti-counterfeiting and brand protection solutions, acquired Zacco Digital Trust for an undisclosed amount. Through this acquisition, OpSec and Zacco would bring together a multidisciplinary team of experts to enhance brand value and protection across physical and digital domains. This enables the combined business to offer full-lifecycle IP and brand optimization, monetization, and protection solutions to globally recognized brands. Zacco Digital Trust is a Denmark-based advisory services provider specializing in digital brand protection, cybersecurity, and portfolio management.

North America was the largest region in the digital trust market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital trust market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the digital trust market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The digital trust market consists of revenues earned by entities by providing services such as cybersecurity solutions, identity and access management, data encryption and privacy protection, and secure communication services, which are used for digital trust by addressing security concerns. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital trust market also includes sales of secure software development tools, secure communication tools, and endpoint security solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The digital trust market research report is one of a series of new reports from The Business Research Company that provides digital trust market statistics, including the digital trust industry global market size, regional shares, competitors with a digital trust market share, detailed digital trust market segments, market trends, and opportunities, and any further data you may need to thrive in the digital trust industry. This digital trust market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Digital Trust Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$410.06 billion
Revenue Forecast In 2033	$813.72 billion
Growth Rate	CAGR of 18.7% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Component: Solution, Services 2) By Solution Type: Data Verification, Authentication, ID Authentication, Fraud Prevention, Compliance, Other Solutions 3) By Deployment Model: On-Premises, Cloud-Based, Hybrid 4) By Organization Size: Large Enterprise, Small And Medium-Sized Enterprises 5) By End-User Industry: Banking, Financial Services, And Insurance, Healthcare, Information Technology And Telecommunications, Government And Public Sector, Retail And E-Commerce, Energy And Utilities, Other End-User Industries
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	Microsoft Corporation; International Business Machines Corporation; Cisco Systems Inc.; Sophos Group; Oracle Corporation; VMware Inc.; Thales Group; Fortinet Inc.; Gemalto N.V.; Gen Digital Inc.; NortonLifeLock; Splunk Inc.; Check Point Software Technologies; McAfee LLC; Okta Inc.; Trend Micro; Verisign Inc.; Proofpoint Inc.; Zscaler Inc.; Kaspersky Lab; Rapid7 Inc.; Akamai Technologies; Entrust Inc.; Ping Identity Corporation; Trustwave Holdings Inc.; ForgeRock Inc.; Trellix Inc
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Digital Trust Market Characteristics

3. Digital Trust Market Trends And Strategies

4. Digital Trust Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Digital Trust Market Size and Growth

5.1. Global Digital Trust Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Digital Trust Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Digital Trust Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Digital Trust Market Segmentation

6.1. Global Digital Trust Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Solution

Services

6.2. Global Digital Trust Market, Segmentation By Solution Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Data Verification

Authentication

ID Authentication

Fraud Prevention

Compliance

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Frequently Asked Questions

What is the definition of the digital trust market?

How will the digital trust market drivers and restraints affect the digital trust market dynamics? What forces will shape the digital trust industry going forward?

The digital trust market major growth driver - Navigating The Surge In Cybersecurity Threats And The Rise Of Digital Trust. For further insights on the digital trust market, request a sample here

What is the forecast market size or the forecast market value of the digital trust market?

The digital trust market size has grown rapidly in recent years. It will grow from $346.02 billion in 2023 to $410.06 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to increasing data breaches and privacy concerns, digital transformation initiatives, stringent regulatory requirements, growing adoption of digital transformation. The digital trust market size is expected to see rapid growth in the next few years. It will grow to $813.72 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to IoT expansion, 5G adoption, zero trust architecture adoption, rapid cloud migration. Major trends in the forecast period include blockchain for trust verification, decentralized identity solutions, quantum-safe cryptography, interoperability standards, AI-powered threat intelligence. For further insights on the digital trust market, request a sample here

How is the digital trust market segmented?

The digital trust market is segmented
1) By Component: Solution, Services
2) By Solution Type: Data Verification, Authentication, ID Authentication, Fraud Prevention, Compliance, Other Solutions
3) By Deployment Model: On-Premises, Cloud-Based, Hybrid
4) By Organization Size: Large Enterprise, Small And Medium-Sized Enterprises
5) By End-User Industry: Banking, Financial Services, And Insurance, Healthcare, Information Technology And Telecommunications, Government And Public Sector, Retail And E-Commerce, Energy And Utilities, Other End-User IndustriesFor further insights on the digital trust market, request a sample here

Which region has the largest share of the digital trust market? What are the other regions covered in the report?

North America was the largest region in the digital trust market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital trust market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the digital trust market, request a sample here.

Who are the major players in the digital trust market?

What are the key trends in the digital trust market?

Major trend in the digital trust market - Innovating Digital Trust With Secure Certification Services. For further insights on the digital trust market, request a sample here.

What are the major opportunities in the digital trust market? What are the strategies for the digital trust market?

For detailed insights on the major opportunities and strategies in the digital trust market, request a sample here.

How does the digital trust market relate to the overall economy and other similar markets?

For detailed insights on digital trust market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the digital trust industry?

For detailed insights on the mergers and acquisitions in the digital trust industry, request a sample here.

What are the key dynamics influencing the digital trust market growth? SWOT analysis of the digital trust market.

For detailed insights on the key dynamics influencing the digital trust market growth and SWOT analysis of the digital trust industry, request a sample here.