Global Data Loss Prevention Market 2023 Outlook By Product, Trends and Forecast To 2024-2032

Data Loss Prevention Market Size And Forecast

Data Loss Prevention Market size was valued at USD 17.74 Billion in 2022 and is projected to reach USD 88.29 Billion by 2030, growing at a CAGR of 22.22% from 2024 to 2030.

Increase in the magnitude of incidences of data breaches each day across the globe. Thus, significantly growing breaches and persistent cyber-attacks are fueling the growth Global Data Loss Prevention Market. The Global Data Loss Prevention Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Data Loss Prevention Market Definition

Data loss prevention is a set of processes and tools that are used to ensure sensitive data is not lost, misused, or accessed by unauthorized users. Data loss prevention software categorizes data as being confidential, legally protected, or essential to the organization’s operations. It also detects policy violations. Data loss prevention enforces remediation once those violations have been found, using warnings, encryption, and other safeguards to stop unintentional or malicious data sharing that could endanger the organization. This software monitor and controls endpoint activities, filter data streams on corporate networks, and also monitor data in the cloud to protect data at rest, in motion ad in use.

Additionally, it offers data that identifies weak points and abnormalities for forensics to satisfy compliance and auditing standards. DLP software solves three important objectives such as persona information protection which includes the personal identity of the employee and protected health information and payment card information. DLP provides intellectual property protection such as trade secrets and data visibility as DLP solutions help to see and track data on endpoints, networks, and the cloud. This will provide visibility into how individuals within organizations are interacting with data. For various verticals, DLP is used such as Healthcare, Government, IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Aerospace and Defense, Retail, Logistics, etc.

Global Data Loss Prevention Market Overview

Increase in the magnitude of incidences of data breaches each day across the globe. Thus, significantly growing breaches and persistent cyber-attacks are fueling the growth of the Global Data Loss Prevention Market. Additionally, the demand for Global Data Loss Prevention solutions is rising due to the rising risk for data security and safety caused by the expansion of the number of ways that data can leave the organization, the system becoming more decentralized, increasing accessibility, cheaper storage devices, and a significant increase in the amount of data. Furthermore, rising compliance and regulatory requirement across the globe are accelerating the growth of the Global Data Loss Prevention Market. regulatory requirements including Sabanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), and Gramm-Leach-Bliley Act (GLBA) are driving the demand for Data Loss Prevention Market.

Also, the high usage of the internet and increasing rate of penetration coupled with a dependency on it for communication has gained the attention of hackers and cybercriminals. On the contrary, a lack of awareness among the people is anticipated to restrict the growth of the Data Loss Prevention Market. Nevertheless, the growing BYOD trend, rising cyber-attacks, and cloud-based business models are expected to generate huge opportunities for the market over the forecasted period.

Global Data Loss Prevention Market Segmentation Analysis

The Global Data Loss Prevention Market is segmented on the basis of Organization Size, Application, Deployment Mode, Vertical, and Geography.

Data Loss Prevention Market, By Organization Size

• Large Enterprises
• Small and Medium Organizations

Based on Organization Size, The market is segmented into Large Enterprises and Small and Medium Organizations. Large Enterprises are expected to hold the largest share of the Data Loss Prevention Market due to the increased risk of data loss.

 Data Loss Prevention Market, By Application

• Cloud Storage
• Web & Email Protection
• Encryption
• Incident Response & Workflow Management
• Centralized Management
• Policy
• Standards & Procedures

Based on Application, The market is segmented into Cloud Storage, Web & Email Protection, Encryption, Incident Response & Workflow Management, Centralized Management, Policy, and Standards & Procedures. The cloud storage segment is expected to grow at the fastest pace as organizations are using public and private cloud opportunities such as Office 365, amazon EB services; Box thus increased the need for data loss prevention solutions.

 Data Loss Prevention Market, By Deployment Mode

• Cloud DLP, Consulting
• Education & Training, Risk & Threat Assessment
• System Integration & Installation
• Managed Security Services
• On-premise

Based on Deployment Mode, the market is segmented into Cloud DLP, Consulting, Education & Training, Risk & Threat Assessment, System Integration & Installation, Managed Security Services, and On-premise. Cloud DLP, Consulting segment is expected to grow at the fastest pace due to DLP Cloud providing solutions for email, USB drivers, laptops, and mobile devices.

Data Loss Prevention Market, By Vertical

• Healthcare
• Government
• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Aerospace and Defense
• Retail and Logistics
• Others

Based on Vertical, The market is segmented into Healthcare, Government, IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Aerospace and Defense, Retail and Logistics, and Others. The healthcare sector is expected to grow at the fastest pace during the forecasted period. Healthcare organizations use the cloud for backup and data recovery and rapidly increasing electronic health/medical records are demanding data prevent loss prevention solutions.

Data Loss Prevention Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Regional Analysis, the Global Data Loss Prevention Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America captured a major market share in the Global Data Loss Prevention Market. In the US, data breaches are taking place more and more frequently. The average number of breaches in the United States has increased somewhat over the past few years, according to the Identity Theft Resource Center (ITRC). According to the ITRC’s Data Breach Report 2021, the number of data breaches that the United States experienced grew from 1,506 breaches in 2017 to 1,826 violations in 2021. The major concerns in North America, Europe, and Asia-Pacific (APAC) include cyber threats. The majority of the major businesses in this area, including those in the oil and gas, healthcare, utilities, and banking sectors, have improved their data security capabilities in recent years.

Key Players

The “Global Data Loss Prevention Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as GTB Technologies Inc, Symantec Corporation, CA Technologies, RSA (Subsidiary of EMC Corporation), Trend Micro Incorporated, Websense Inc, Trustwave Holding Inc, Code Green Networks, Zecurion, Digital Guardian, and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of product, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Data Loss Prevention Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Data Loss Prevention Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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