The global digital trust market is projected to grow at a significant CAGR of 14.4% during the forecast period (2024-2031). This growth is fueled by the increasing demand for digital trust solutions in response to the surge in cyberattacks. Organizations are increasingly shifting their operations to digital platforms, making them more susceptible to threats such as malware, ransomware, phishing attacks, and data breaches. As a result, there is a critical demand for robust cybersecurity measures to safeguard against these risks. In an article published by CXOToday titled “DigiCert Aims to Create a Bigger Impact in India through Digital Trust,” it was reported that in the first half of 2023, India ranked in the top three for detecting 5,609 online malware threats. Cyber threats such as phishing and ransomware have significant impacts on the IT, finance, and manufacturing sectors. Smaller networks and individual systems take about 3 and 1 day, respectively, to restore.
With a large population and a growing economy, India remains a prime target for cyber-attacks, emphasizing the urgent demand for enhanced cybersecurity measures.As the push for digital transformation grows, there has been a global rise in laws and regulatory requirements intended to protect customers’ privacy and their online data. For instance, the United Arab Emirates (UAE) government issued the Federal Decree Law No. 46 of 2021 on electronic transactions and trust services. Such laws aim to enhance legal confidence in electronic transactions, protect customer rights, and foster public trust in digital services.
In this era of digital transformation, organizations must prioritize investment in establishing digital trust. This involves implementing robust cybersecurity programs and strategies to safeguard customers' personal data and privacy, thereby fostering trust and confidence in digital interactions.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Deployment Mode
- By Solutions
- By End-User Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Amazon Web Services, Inc., Entrust Corp., IBM Corp., Microsoft Corp., and Oracle Corp. among others.
Digital Trust Market Report Segment
By Deployment Mode
- Cloud-Based
- On-Premises
By Solutions
- Identity and Access Management
- Data Privacy and Protection
- Risk and Compliance Management
- Fraud Detection and Prevention
By End-User Industry
- BFSI
- Healthcare
- Retail and E-Commerce
- Government and Defense
- Telecom and IT
- Energy and Utilities
- Manufacturing
- Others (Education, Transportation)
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Digital Trust Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
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