As of January 2025, the most significant data breach incident in the United Kingdom (UK) was the 2017-2018 Dixons Carphone breach. As a result of this incident, 14 million user records were affected, and 5.6 million payment card information was exposed. The Equifax data breach between 2011 and 2016 impacted over 15 million customers nationwide.

As of January 2024, about ** percent of organizations in the United Kingdom reported experiencing a data breach accident once a month. A further ** percent said they had encountered a data breach event less than once a month in the past 12 months. Meanwhile, ** percent said they had experienced a data breach incident once a week.

The largest reported data leakage as of January 2025 was the Cam4 data breach in March 2020, which exposed more than 10 billion data records. The second-largest data breach in history so far, the Yahoo data breach, occurred in 2013. The company initially reported about one billion exposed data records, but after an investigation, the company updated the number, revealing that three billion accounts were affected. The National Public Data Breach was announced in August 2024. The incident became public when personally identifiable information of individuals became available for sale on the dark web. Overall, the security professionals estimate the leakage of nearly three billion personal records. The next significant data leakage was the March 2018 security breach of India's national ID database, Aadhaar, with over 1.1 billion records exposed. This included biometric information such as identification numbers and fingerprint scans, which could be used to open bank accounts and receive financial aid, among other government services.

Cybercrime - the dark side of digitalization As the world continues its journey into the digital age, corporations and governments across the globe have been increasing their reliance on technology to collect, analyze and store personal data. This, in turn, has led to a rise in the number of cyber crimes, ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1802 cases of data compromise were reported in 2022. This was a marked increase from the 447 cases reported a decade prior. The high price of data protection As of 2022, the average cost of a single data breach across all industries worldwide stood at around 4.35 million U.S. dollars. This was found to be most costly in the healthcare sector, with each leak reported to have cost the affected party a hefty 10.1 million U.S. dollars. The financial segment followed closely behind. Here, each breach resulted in a loss of approximately 6 million U.S. dollars - 1.5 million more than the global average.

As of February 2025, the largest fine issued for violation of the General Data Protection Regulation (GDPR) in the United Kingdom (UK) was more than 22 million euros, received by British Airways in October 2020. Another fine received by Marriott International Inc. in the same month was the second-highest in the UK and amounted to over 20 million euros.

Cyber Explorers is the government’s cyber and digital skills programme for 11 to 14 year olds. It offers a fun, free and interactive learning platform to help young people improve their digital skills and find out about careers in the cyber and digital.

The programme complements the school curriculum and can form part of in-school or after-school activities. It supports the government’s work to improve UK cyber defences, develop our cyber ecosystem and improve cyber security skills at all levels.

These statistics show the number of pupils, teachers and schools taking part in the programme, as well as details of region and location.

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According to Cognitive Market Research, the global Access Control Authentication Market size will be USD 18520.3 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.40% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6852.51 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5370.89 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 4444.87 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 703.77 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 740.81 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 407.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2025 to 2033.
Authentication category is the fastest growing segment of the Access Control Authentication industry

Market Dynamics of Access Control Authentication Market

Key Drivers for Access Control Authentication Market

Increase in Data Security Breaches to Boost Market Growth

During the projected period, the increase in data security breaches is anticipated to support the access control authentication market. An instance of information being removed from a system without the owner's knowledge or authorization is known as a data breach. Forged or weak identity is one of the simplest and most common causes of data breaches. As a key element of data security, access control determines who can access and utilize company resources and information. As a result, an increase in data security breaches will encourage the use of access control authentication. According to UK-based business-to-business services provider IT Governance Ltd., data breach incidences climbed from 2,814 in 2023 to 9,478 in 2024 (January 2024). Additionally, there are now 35,900,145,035 compromised records, up from 8,214,886,660 in 2023. Consequently, it is anticipated that an increase in data security breaches will stimulate the access control authentication industry.

https://www.itgovernance.co.uk/blog/global-data-breaches-and-cyber-attacks-in-2024

Incorporation of Access Control Systems into Electronic Locks and Doors to Boost Market Growth

The market for access control and authentication is expanding significantly due to the incorporation of access control systems into electronic locks and doors. The enhanced simplicity and security of this integration is advantageous for applications in commercial, industrial, and residential contexts. Electronic locks and doors are outfitted with access control technology for safe and efficient access management solutions. Thus, the market's noteworthy growth is being driven by the increasing demand for advanced security measures and effective access control across a variety of industries. Key fobs and card readers are examples of small plastic devices that are used as credentials in electronic door access control systems. These cards and fobs connect to the access reader via wireless technologies such as Bluetooth, radio frequencies, or RFID tags.

Restraint Factor for the Access Control Authentication Market

Substantial Upfront Costs Associated with Implementing Cutting-Edge Solutions Will Limit Market Growth

One of the major obstacles facing the industry for access control and authentication is the substantial upfront costs associated with implementing cutting-edge solutions like multi-factor authentication (MFA) and biometric systems. When compared to more conventional password-based access solutions, which are less expensive but less secure, small and medium-sized businesses (SMEs) frequently find these expenses to be unaffordable. A 2022 survey from the U.S. Small Business Administration (SBA), for example, found that almost 45% of SMEs said that the largest obstacle to putting advanced cybersecurity measures, such as comple...

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Cyber Weapon Market Size 2024-2028

The Cyber Weapon Market size is estimated to grow by USD 9.50 billion, at a CAGR of 11.83% between 2023 and 2028. The market is experiencing significant expansion due to various influencing factors. Primarily, the escalating IT security budgets of organizations worldwide reflect the increasing importance placed on safeguarding digital assets. Furthermore, the expanding need for robust infrastructure protection in the face of escalating cyber threats is driving market growth. Additionally, international conflicts have heightened the demand for advanced cyber weapons, as nations seek to gain strategic advantages over their adversaries. These factors collectively contribute to the dynamic and evolving cyber weapon market landscape.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

In today's interconnected world, the rise of malicious activities poses a significant threat to various sectors, including healthcare, where confidential data and critical information are at risk. Organizations such as Privacy International are closely monitoring surveillance technologies and spyware, recognizing the importance of safeguarding national security and digital infrastructure. With the increasing reliance on IT infrastructure, cyber vulnerabilities have become a pressing concern, leading to potential risks such as terrorism, economic disruption, and cyber espionage. The market landscape depends on Data mining, Machine learning, Semantic analysis, Neural networks, Multivariate statistics, Social media analytics, Skilled professionals, Data security, Privacy concerns, and Experience Cloud. To counter these threats, governments and international organizations have established cyber defense mechanisms, including the Cyber Mission Force and defense budgets allocated for cybersecurity initiatives. However, the corporate sector remains a target for cybercriminals seeking financial gain through security breaches and phishing attacks targeting banks, telecoms, and e-commerce platforms.

Key Market Driver

One of the key factors driving the market growth is the increasing IT security budget. Several organizations across various sectors are increasing their IT budgets due to the increasing number of cybersecurity threats. In addition, there is a significant increase in global spending on IT security budgets across the globe which mainly comprise expenses on cyber security services. For example, global spending on IT security services was around USD 71.68 billion in 2022, which is anticipated to reach approximately USD 76 billion by the end of 2023.

In addition, there is an increase in the number of cyber attacks as there is an increase in the use of websites and web applications by end-users, which fuels the number of instances of identity and data theft. Hence, the increasing complexity of cyber-attacks and the growing awareness of security risks are positively impacting the market. Hence, such factors are expected to drive the market during the forecast period.

Significant Market Trends

One of the major market trends is the growing demand for data safety and security. There is an increase in demand for systems monitoring, hardware, intellectual property, theft, and disposal of targets' data, as well as vital manufacturing and commercial activities fuelled by the market. In addition, there is an increase in demand for control of commercial losses due to factors such as the need for data safety and security.

Moreover, the growing demand across various sectors, such as the military, government, telecommunication, banking, and finance, is positively impacting the market. Furthermore, the personal data in these end-user sectors are highly prone to unexpected damage by cyber hackers. Hence, such factors are driving the market during the forecast period.

Major Market Restraint

The high cost of development is one of the key challenges hindering the market. There is a significant cost associated with the development of cyber weapons as it requires time, resources, and technical expertise. In addition, there are only a handful of companies which has the funds and capacity to help with the production of these complicated technologies.

Moreover, as research is highly confidential, it is inconceivable for potential clients to think about the cost and capacities of these frameworks. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.

Market Segmentation

The defensive segment is estimated to witness significant growth during the forecast period. There is an increasing deployment of virus malware as defensive cyber weapons to prevent the theft of intellectual property or the erasure of data and systems. Factors such as the increase in threats to critical infrastructure in

The size of the Enterprise Mobility Security Industry market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.70% during the forecast period.EMS is the all-around security solution designed to protect corporate data and applications accessed through mobile devices. During the times of growth with BYOD policies and the concept of remote working, carrying out sensitive information in the most secure way has become quite important.EMS comes with many security features, including mobile device management (MDM), mobile application management (MAM), data loss prevention (DLP), and identity and access management (IAM). MDM enables security policies on the mobile devices. Examples of security policies that might be enforced using MDM include complexity passwords, encryption, and remote wiping capabilities. MAM makes it possible to securely distribute and manage the enterprise applications so that users authorized alone will have access to and use them. DLP prevents leakage or misuse of sensitive data by monitoring and controlling data sharing activities. IAM secures access to corporate resources through authenticating users and authorizing their access privileges. With EMS, an organization can effectively manage and secure its mobile workforce, reduce security risks, and stay in line with the industry's regulations. Recent developments include: October 2022: Mobliciti provides enterprise mobility, security, and wireless connectivity solutions. Kocho, a UK-based provider of managed services in cyber security, identity management, and cloud transition, acquired Mobliciti. By incorporating strategic mobile management and security capabilities, the partnership would enable Kocho's service offering and customers of both businesses to access a comprehensive lineup to accelerate the pace of their digital transformation activities., July 2022: CWSI accelerated its UK growth by purchasing AVR International for EUR 5.2 million. AVR International has 20 years of experience providing technical advice, professional services, and support for various leading security and enterprise mobility solutions. AVR's premium clientele, including one of the world's biggest private hospital groups, would have access to a wider range of services due to CWSI's acquisition of AVR.. Key drivers for this market are: Industrial Internet of Things (IIoT) has Accelerated the Use-cases in the Market, Increasing Implementation of the BYOD Concept. Potential restraints include: Security Vulnerability for Manufacturing Vendors is Discouraging the Market Growth., Government Regulations and Infrastructure Maintenance act as Market Challenges. Notable trends are: Banking/Insurance Industry to Hold Significant Market Share.

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Risk Management Software Market Size 2025-2029

The risk management software market size is forecast to increase by USD 13.28 billion at a CAGR of 19.2% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of data and security breaches among enterprises. This trend underscores the critical need for robust risk management solutions to mitigate potential threats and safeguard business operations. Another key driver is the rising adoption of cloud-based risk management software, which offers flexibility, scalability, and cost savings. Another key factor fueling market growth is the rising adoption of cloud-based risk management software, along with artificial intelligence and analytics. However, the market also faces challenges, including the high cost and complexity in installing and configuring risk management software.
Companies must carefully evaluate the benefits and costs of various solutions to effectively navigate these challenges and capitalize on the market's opportunities. By focusing on user-friendly interfaces, customizable features, and strong customer support, companies can differentiate themselves and meet the evolving needs of businesses in today's dynamic risk landscape. This software is particularly valuable in sectors such as finance, healthcare, and insurance, where it is a key operational focus.

What will be the Size of the Risk Management Software Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, organizations prioritize effective disaster recovery plans and business continuity strategies. Reporting dashboards provide real-time insights into risk identification and evaluation, enabling proactive risk management. A clear risk appetite statement guides decision-making, while vulnerability assessments and penetration testing reveal potential threats. Customizable reports and data loss prevention solutions ensure data governance and cybersecurity awareness. Risk profiling and threat modeling facilitate risk treatment and incident response, creating an audit trail for accountability.

Compliance automation streamlines risk management strategy and risk culture, enhancing risk management maturity. Data breach response and crisis management are crucial components of a comprehensive risk management framework. Risk evaluation, risk control, and fraud prevention are integral parts of the continuous risk management process. By integrating these elements, businesses can effectively manage risks and maintain a strong risk management posture. Factors such as the presence of many organizations from the banking, financial services and insurance (BFSI), IT services, healthcare, and other industries are significantly contributing to the growth of the market in the region.

How is this Risk Management Software Industry segmented?

The risk management software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Software
  Services


Deployment

  On-premises
  Cloud


Type

  Operational risk
  Cybersecurity risk
  Financial risk
  Compliance and regulatory risk
  Others


Industry Application

  Banking and finance services
  Manufacturing
  Telecommunications
  Healthcare
  Others


End-user

  Large enterprises
  SMEs


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Component Insights

The Software segment is estimated to witness significant growth during the forecast period. The market is witnessing notable growth due to the increasing demand for advanced software solutions that enable organizations to effectively manage and mitigate risks. Cloud-based risk management solutions are gaining popularity as they offer greater flexibility, mobile accessibility, and scalability. Regulatory compliance and data privacy are key concerns for businesses, driving the adoption of risk management software that ensures regulatory adherence and safeguards sensitive data. Workflow automation and incident management are essential features that streamline processes and improve operational efficiency. Risk tolerance and risk dashboard provide valuable insights into an organization's risk profile, enabling informed decision-making. Audit management and on-premise risk management solutions cater to industries with stringent regulatory requirements, such as financial services and the public sector.

Artificial intelligence, machine learning, and big data analytics are transforming risk ma

This report provides readers with an exhaustive analysis of industry characteristics, determining the strengths, weaknesses, opportunities and threats faced by the Cyber Security market. This SWOT analysis of Cyber Security market is a crucial resource for industry executives and anyone looking to gain a better understanding of the market. SDI's "The Global Cyber Security Market 2015-2025 – SWOT Analysis: Market Profile" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. SDI strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Read More