Digital Lifescapes

The Public Key Infrastructure (PKI) market is poised for expansion, with global revenues set to reach $14.9 billion by 2030, according to the latest ABI Research worldwide market study. This surge reflects a dynamic era for digital security, shaped by the proliferation of interconnected devices, the acceleration of cryptoagility, and the growing imperative of device identity management. PKI Security Market Development PKI has long underpinned digital trust, securing sensitive data and authenticating identities across networks. Today's business technology landscape has dramatically shifted. Enterprises are rapidly integrating IoT, cloud services, and AI-powered platforms, making the management of digital certificates and identity lifecycles both strategically essential and operationally complex. The threat landscape continues to change as malicious actors exploit new vulnerabilities, pushing organizations toward shorter certificate lifecycles and the adoption of quantum-resistant al...

Online payment solution development continues to evolve. To date, blockchain has had a mixed impact across payments and banking, but the rise of Stablecoin and Central Bank Digital Currency (CBDC) will accelerate the impact. Fundamentally, Stablecoins and CBDCs are two ways of solving the same inherent problem -- how to offer a better and more trusted digital payments solution. To date, most existing payment types have been designed around traditional systems intended for in-person or telephone payments, such as credit cards, or even cash. Therefore, Stablecoins and CBDCs are providing a system that's a significant payment use case transformation. Digital Payment Market Development According to the latest worldwide market study by Juniper Research, the value of payments via CBDCs will reach $213 billion annually by 2030 -- that's up from just $100 million in 2023. However, this significant market growth opportunity of over 260,000 percent reflects the early stage of the sector,...

The Chief Information Security Officer (CISO) role has gained new importance, due to increased cyber threats. Moreover, the COVID-19 pandemic has had a significant impact on security-related IT investment in Europe, which will continue to grow rapidly in 2021. During the pandemic, organizations have been re-architecting their IT security perimeters to protect operations and critical data. The pandemic, and measures to curb it with remote working, have pushed the enterprise network outwards and heightened the risk for CISOs. According to the latest worldwide market study by International Data Corporation (IDC), overall investment in IT security within Europe is projected to exceed $35.6 billion during 2021 with a compound annual growth rate (CAGR) of 8.8 percent between 2020 and 2024 -- now forecast to reach $46.4 billion in 2024. IT Security Market Development The banking sector traditionally has the highest spending on IT security due to the particularly sensitive customer data that i...

Digital trust is the measure of confidence in an organization's ability to protect and secure the data and privacy of individuals. An increase in related government regulations has motivated CIOs and CTOs to explore technology combinations to secure data assets and thereby improve stakeholder trust. As an example, the majority of Internet of Things (IoT) technology adopters in the U.S. are also adopting blockchain technology and combining it with their IoT networks, according to the latest market study by Gartner. "The integration of IoT and blockchain networks is a sweet spot for digital transformation and innovation," said Avivah Litan, vice president at Gartner . "It is actually moving ahead at a much faster pace than expected, according to the survey." IoT and Blockchain Market Development Seventy-five percent of IoT technology adopters in the U.S. have already adopted blockchain or are planning to adopt it by the end of 2020. Among the blockchain ad...

Cybersecurity solutions demand has remained strong during 2018, as more CIOs and CTOs need to ensure that their digital transformation projects have a high degree of digital trust built-in. Data privacy-related legislation has also fuelled the market for expert professional services that are skilled in IT security compliance. According to the latest global market study by International Data Corporation (IDC), worldwide spending on security-related hardware, software, and services is forecast to reach $133.7 billion in 2022. Although spending growth is expected to gradually slow over the 2017-2022 forecast period, the market will still deliver a compound annual growth rate (CAGR) of 9.9 percent. As a result, security spending in 2022 is anticipated to be 45 percent greater than the $92.1 billion forecast for 2018. IT Security Market Development "Privacy has grabbed the attention of Boards of Directors as regions look to implement privacy regulation and compliance standards ...

Billions of people around the world use the internet to share ideas and trade with one another. With worldwide internet penetration at nearly 50 percent, the global digital economy has become a space of immense opportunity. It’s clear that business transactions are becoming heavily reliant on us being connected onlne. Digital flows are now responsible for more GDP growth globally than trade in traditional offline goods and services. Digital transformation is now driving globalization. As such, achieving a competitive advantage in the global digital arena has become a key priority for governments and businesses who strive for inclusion and relevance. It is also clear that trust has a critical role to play when countries look to improve their eCommerce adoption. It's in this context that The Fletcher School at Tufts University, in partnership with Mastercard , present findings from the 2017 edition of the  'Digital Evolution Index' (DEI 17). Exploring National Digital...

As more commercial transaction infrastructure moves online, so do the criminals that seek to destroy or defraud that same business resource. Cyber crime is a growing threat to corporations across the globe, who are increasingly using digital commerce methods to operate their enterprise. With the advent of the mobile internet and an expected 46 trillion connected devices in use by 2021, the growing concern about cyber criminal activity will become commonplace. Therefore, demand for enterprise IT security solutions have increased rapidly, and requests for employee training programs. Put simply, Digital Trust is a valuable commercial asset that CEOs and their CIOs must protect. That's why more executive leadership teams are being asked to describe their ongoing security plans to the board of directors of public companies. Enterprise Security Market Development According to the latest worldwide market study by Juniper Research, criminal data breaches will cost businesses a tota...

Organizational security online is everyone's responsibility, and a key part of all digital transformations. Furthermore, maintaining 'digital trust' is a critical aspect of all business technology deployments. Besides, the concept of digital trust is essential in the Financial Services sector of the Global Networked Economy. People trust banks with their money, insurance companies with their health and future and investment companies with their savings, and yet the recent International Data Corporation (IDC) market study highlighted that how these organizations manage IT security is not as advanced as we might expect. Digital Trust Assessment in Asia-Pacific The report of the findings entitled "IT Security in Financial Services in Asia-Pacific (Excluding Japan) 2017" studied the maturity of 106 financial services organization and found that, on a scale of 1-5 for IT security maturity, more than two thirds of all respondents (71.6 percent) were at either stag...