Digital Risk Management

Global Digital Risk Management Market to Reach US$23.8 Billion by 2030

The global market for Digital Risk Management estimated at US$10.4 Billion in the year 2024, is expected to reach US$23.8 Billion by 2030, growing at a CAGR of 14.7% over the analysis period 2024-2030. Software, one of the segments analyzed in the report, is expected to record a 16.3% CAGR and reach US$15.6 Billion by the end of the analysis period. Growth in the Services segment is estimated at 12.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.8 Billion While China is Forecast to Grow at 19.8% CAGR

The Digital Risk Management market in the U.S. is estimated at US$2.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 19.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.6% and 13.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.

Global Digital Risk Management Market – Key Trends & Drivers Summarized

Is the Risk Landscape Keeping Pace with Digital Transformation?
Digital Risk Management (DRM) has emerged as a strategic imperative as organizations accelerate digital transformation, adopt cloud infrastructure, and expand their digital footprints. Unlike traditional risk management, DRM focuses specifically on risks arising from digital ecosystems, including cyber threats, third-party integrations, digital fraud, data governance failures, and reputational vulnerabilities tied to social media and online platforms.

A major trend driving the market is the shift from reactive, compliance-focused approaches to proactive, intelligence-driven risk management powered by automation and predictive analytics. Businesses are increasingly investing in cloud-native DRM platforms that integrate security, compliance, continuity, and resilience monitoring into a unified digital governance framework. These platforms provide visibility into IT assets, user behaviors, and third-party risk exposure, allowing real-time risk assessment and response.

How Are AI, Automation, and Cloud Platforms Reshaping DRM Strategies?
The adoption of AI, machine learning, and behavioral analytics is transforming how digital risks are identified and mitigated. Organizations now deploy AI-powered DRM tools that monitor anomalies in real-time, detect suspicious behavior across cloud and SaaS environments, and deliver risk scoring that prioritizes incident response. Automated playbooks and self-healing systems are increasingly used to remediate threats without manual intervention, reducing response times and downtime.

Cloud-native DRM solutions are also being integrated with SIEM, SOAR, IAM, GRC, and threat intelligence platforms, creating a seamless risk observability layer across hybrid environments. These tools offer dashboard-based risk visualization, enabling CISOs and executive teams to make informed decisions about operational resilience and regulatory compliance. Additionally, digital twin models are being introduced to simulate organizational vulnerabilities and test response scenarios.

Where Is Demand Rising and Who Are the Key Adopters?
North America and Western Europe lead the DRM market, with adoption driven by regulatory mandates such as GDPR, HIPAA, CCPA, DORA (EU Digital Operational Resilience Act), and emerging cybersecurity frameworks. Asia-Pacific is witnessing rapid growth, especially in financial services, telecommunications, and government sectors, where digital infrastructure is expanding and threat vectors are multiplying.

Large enterprises, especially those in banking, healthcare, insurance, retail, and tech, are primary adopters due to their high-value digital assets and compliance exposure. However, SMBs are beginning to embrace cloud-based DRM-as-a-Service (DRMaaS) offerings that provide enterprise-grade capabilities with lower overhead. Managed security service providers (MSSPs) are also integrating DRM into their offerings to help clients navigate complex digital threat environments.

What’s Driving Growth in the Digital Risk Management Market?
The growth in the digital risk management market is driven by the convergence of cybersecurity imperatives, regulatory pressures, and digital business model expansion. The proliferation of hybrid workforces, cloud infrastructure, and API ecosystems has exposed organizations to a growing spectrum of digital risks—from ransomware and data breaches to shadow IT and digital identity misuse.

New compliance mandates, particularly those focused on digital resilience, operational continuity, and data transparency, are compelling organizations to adopt formal DRM frameworks. At the same time, board-level attention to cyber risk and reputational damage is increasing investment in integrated risk platforms that go beyond traditional IT security.

Emerging technologies like AI, blockchain, and digital twin modeling are enhancing DRM effectiveness and predictive capabilities. The growing frequency and sophistication of cyber threats—combined with heightened accountability from regulators and stakeholders—are making digital risk management not just a security function, but a core pillar of enterprise strategy.

SCOPE OF STUDY:

The report analyzes the Digital Risk Management market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Software, Services); Deployment (Cloud, On-Premises); Enterprise Size (SMEs, Large Enterprises); Vertical (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Other Verticals)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 39 Featured) -

• ABS Group
• Archer
• AuditBoard
• Bitsight
• Cura Software
• CyberSaint Security
• CyberVadis
• G2 Risk Solutions
• IBM
• LogicGate
• LogicManager
• NAVEX Global
• Panorays
• Prevalent
• Quantifind
• Recorded Future
• Resolver
• SAI360
• ServiceNow
• TraceSecurity

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