What Has Been the Growth of the Digital Trust Market So Far?
The digital trust market has seen considerable growth due to a variety of factors.
• In recent times, there's been significant growth in the size of the digital trust market. An increase from $410.06 billion in 2024 to $487.78 billion in 2025 is predicted, indicating a compound annual growth rate (CAGR) of 19.0%.
Factors behind the growth in the past include escalating data breaches and privacy worries, initiatives relating to digital transformation, strict regulatory needs, and an increasing adoption rate of digital transformation.
What Is the Forecasted Market Size and Growth Rate for The Digital Trust Market Size In The Coming Years?
The digital trust market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience swift expansion in the coming years, the size of the digital trust market is projected to reach $963.9 billion by 2029, boasting a compound annual growth rate (CAGR) of 18.6%.
This growth over the forecast period is predicted to be driven by factors such as the spread of IoT, the adoption of 5G and zero trust architecture, and speedy cloud migration. The forecast span also foresees significant trends like the use of blockchain for trust verification, adoption of decentralized identity solutions, quantum-safe cryptography, standards for interoperability, and AI-driven threat intelligence.
What Factors Are Driving Growth In The Digital Trust Market?
The surge in cybersecurity threats is anticipated to fuel the expansion of the digital trust market. Cybersecurity threats encompass a range of potential hazards that can jeopardize the safety of digital systems and information. The digital metamorphosis of businesses and entities has hastened the adoption of cloud computing, working remotely, and online services, bringing new intricacies and susceptibilities into IT systems. Digital trust plays a crucial role in countervailing cybersecurity threats by enhancing security, openness, cooperation, resilience, and responsibility in the digital realm through cultivating trust amongst stakeholders and adopting strong cybersecurity protocols. For example, the Australian Cyber Security Centre, a government agency based in Australia, reported in an annual cyber threat analysis in January 2024, that more than 76,000 cybercrime reports were lodged from 2021 to 2022, showing nearly a 13% rise compared to the year before. Hence, the escalating cybersecurity threats are propelling the expansion of the digital trust market.
What Are The Main Segments Of The Global Digital Trust Market?
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
Subsegments:
1) By Solution: Identity And Access Management (IAM), Public Key Infrastructure (PKI), Encryption, Blockchain And Distributed Ledger Technologies, Digital Signature, Secure Communication, Data Privacy
2) By Services: Professional Services (Consulting, Implementation, Integration), Managed Services, Support And Maintenance Services
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How Are Emerging Trends Reshaping The Dynamics Of The Digital Trust Market?
Key players in the digital trust market, such as the makers of the GoCertius application, are concentrating on software solution advancements to provide robust digital security services. The GoCertius app, a digital trust solution, ensures maximum security and legal value for digital evidence, offering certified and secure services for videos, image files, and other electronic documents. An example of this is the launch of the GoCertius app in December 2023 by Garrigues, a legal services provider based in Spain. This tool guarantees the safety and legal status of digital documents, establishing the company's place in the digital trust market. The app's goal is to create secure digital evidence with legal validity for all digital documents. This development symbolizes a notable advancement in legal innovation for Garrigues, marking a significant step in offering secure digital certification services to its users.
Who Are the Key Players In 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
What Is The Most Dominant Region In The Digital Trust Market?
North America was the largest region in the digital trust market in 2024. 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.
