Digital Risk Management Market Set To Surpass Usd 32.41 Bn By 2031 With 16.46% Cagr, Due To Rising Awareness Of Brand And Reputation Risks

The Digital Risk Management Market is expected to reach USD 32.41 Billion by 2031, with a CAGR of 16.46% over the forecast period. The market is driven by advancements in technologies like AI and ML, which have revolutionized fraud detection and risk management processes. Cloud-based solutions, such as those offered by IBM Corporation, are increasingly adopted to enhance risk management across enterprise ecosystems. Other key players in the market include Oracle Corporation, SAP, SAS Institute Inc., Broadcom, NAVEX Global Inc., Logic Manager Inc., Metric Stream, Rapid7, and Microsoft.