Digital Security Control Market Set to Grow at the Fastest Rate - Time to Grow Your Revenue

Digital security control deals with protecting and securing an individual’s digital identity and other interactions carried out in the digital world. The DSC report is segregated based on hardware, software, services, applications, and geographic regions. DSC products and solutions are widely used in several applications, which include mobile security & telecommunication, finance & banking, healthcare, and commercial among others.

The global Digital Security Control Market size is estimated to grow from USD 6.56 Billion in 2014 to USD 14.6 Billion by 2020, at a CAGR of 13.01% between 2015 and 2020. The market for hardware products is expected to grow at a CAGR of 13.61% during the forecast period. This growth is heralded by smart cards and biometric technologies.

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Major players in this market are Gemalto N.V. (Netherlands), FireEye, Inc. (U.S.), Oberthur Technologies (Japan), Safenet, Inc. (U.S.), and Vasco Data Security International, Inc. (U.S.).

The digital security control (DSC) products and solutions are successfully utilized in the fields of healthcare, telecommunication, finance, and government. With advancements in these products and solutions and the reducing costs, the DSC measures are expected to have a wider scope of application in areas such as mobile security, industrial, commercial, and transportation. Digital security offers a wide array of benefits and risks. It provides the convenience to the user by enabling the access to strong information such as one’s contact information, health information, and financial details among others. These advantages have led the DSC products and services to become an area of interest for new applications and end users from verticals such as medical, science, and corporate among others.

Geographically, the DSC market is segmented into the North America, APAC, Europe, and RoW regions. North America accounts for a major market share and is followed by the European region, then by APAC. The RoW region covers a relatively smaller market share presently; however, it is expected to grow in the next five to seven years because of the increasing requirement of security systems in this region. Hence, the subsequent need for DSC solutions is expected to rise globally.

Key drivers for the DSC industry are the transition from magnetic strip technology to EMV, high level security obtained from biometric technology, and substantial growth of information security market. The DSC market, in spite of its exceptional demand, has some restraints in terms of its market growth. The key market restraints can be classified as large dependence on the technology, need for complex and expensive tools, and hacking posing as a problem in the digital world. Many enterprises are opting for multi-factor authentication services and this can be a major opportunity for the DSC market.

The report focuses on giving a detailed view of the complete DSC industry with regards to the application market, with detailed market segmentations, combined with the qualitative analysis of each and every aspect of the classification on the basis of application and geography. All the numbers, at every level of detail, are estimated till 2020, to give a glimpse of the potential size of this market.