Data Loss Prevention Market

Global Data Loss Prevention Market Size (2024 to 2029)

The global data loss prevention market is expected to reach USD 2.79 billion in 2024 and USD 8.02 billion by 2029, growing at a CAGR of 23.5% during the forecast period.

Data Loss Prevention (DLP) is software designed to prevent and detect data breaches by monitoring and blocking confidential data at rest, in motion, or in use. DLP prevents accidental or unintentional loss or transmission of your organization's sensitive data. It also ensures data security by protecting it from deterministic data theft and cyberattacks. The DLP market offers cloud-based and network solutions for mobile devices, email, USB controllers, and laptops. Skyhigh Networks, for example, uses personal health information (PHI), customer information, and personally identifiable information (PII). The advent of DLP technology provides information technology and security personnel with a comprehensive 360-degree view of specific locations, rotations, and information utilization across the enterprise. Businesses are concerned about the upcoming audit and want to keep data compliant with complex regulatory trust DLP technology. This technology helps those who want to protect their property data from security breaches caused by increased employee mobility and the emergence of innovative channels. The success of protecting sensitive data in the cloud and virtual models has created new opportunities for data loss prevention technologies. Data Loss Prevention (or DLP) refers to a strategy that prevents end users from exchanging or sending sensitive data outside of the corporate plexus. These software products enforce business rules that classify and protect confidential and sensitive data, preventing unauthorized end users from sharing information.

Global Data Loss Prevention Market Drivers:

The growing demand for cloud computing and the opportunity to transform data storage from local to public and private platforms is supposed to drive the data loss prevention market. The new commercialization is likely to increase demand for data loss prevention technology. One of the key factors that has helped the growth of the data loss prevention business is that organizations are increasingly focusing on meeting regulatory and compliance requirements and data stored in public and private clouds. In addition to this, factors like data breaches and the rise of cyber-attacks are driving the demand for DLP solutions. The rise in violations in a variety of industries, such as the oil and gas industry, retail industry, and banking, financial services and insurance (BFSI), has driven the adoption of DLP. The data loss prevention market has seen tremendous growth lately because of the hike in security breaches, need for protection against theft, and transition of locally stored data. The surge in the usage of Internet, augmented demand from the telecommunications sector, and data security requirements from hackers are supposed to drive the market for data loss prevention technology. Around the world, data breaches are increasing every day. Therefore, increasing breaches are driving the growth of the global data loss prevention market, increasing the risk to data security and protection, and systems become more decentralized due to the increasing way data is leaving organizations. Improved accessibility, inexpensive storage devices, and a significant increase in data volumes are driving the demand for global data loss prevention solutions. Nonetheless, the growing trend of BYOD, the rise of digital attacks and cloud-based business models are estimated to create huge opportunities for the data loss prevention market during the foreseen period.

Global Data Loss Prevention Market Restraints:

Lack of awareness among people is predicted to limit the expansion of the global data loss prevention market.

Impact of COVID-19 on the global data loss prevention market:

The coronavirus pandemic has brough several changes in various industries around the world. Some witnessed their worst nightmares while some witnessed their dreams come true. The COVID-19 has benefitted the data loss prevention market with most of the operations becoming digital in several end-user applications and this trend is supposed to continues in the years ahead.

GLOBAL DATA LOSS PREVENTION MARKET REPORT COVERAGE:

This research report on the global data loss prevention market has been segmented and sub-segmented based on the organization, application, deployment mode, vertical, and region.

Global Data Loss Prevention Market - By Organization:

• small          

• Medium   

• large     

the data loss prevention market is segmented into small, medium and large companies. Large companies are expected to occupy the majority of the market due to the increased risk of data loss.

Global Data Loss Prevention Market - By Application:

• Web & Email Protection    

• Cloud Storage        

• Centralized Management 

• Incident Response & Workflow Management          

• Encryption              

• Policy and Standards & Procedures        

the data loss prevention market is segmented into web and email protection, cloud storage, centralized management, incident response and workflow management, encryption, policies, standards and procedures. The cloud storage segment is foreseen to grow at the fastest rate as organizations utilize public and private cloud opportunities such as Office 365 and Amazon EB services. Therefore, the need for a data loss prevention solution has increased.

Global Data Loss Prevention Market - By Deployment Mode:

• Cloud        

• On-Premises         

the data loss prevention market is segmented into cloud and on-premises. The Cloud segment is predicted to grow at the fastest rate as it provides solutions for email, USB drivers, laptops and mobile devices.

Global Data Loss Prevention Market - By Vertical:

• Government          

• Healthcare              

• IT and Telecom     

• BFSI           

• Retail and Logistics              

• Aerospace and Defense    

the data loss prevention market is segmented into government, healthcare, IT and telecommunications, BFSI, retail and logistics, aerospace and defense, and others. The healthcare sector is determined to grow at the fastest rate during the outlook period. Medical organizations are using the cloud to back up and recover data, and the rapidly growing electronic health records demand data loss prevention solutions.

Global Data Loss Prevention Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

North America Data Loss Prevention Market is expected to be the largest market in terms of revenue due to large-scale adoption of big data and cloud technologies, while Asia Pacific Data Loss Prevention Market is estimated to be the fastest growing industry. Growing economies such as China and India are believed to drive the data protection market in future. Companies in the Asia Pacific region is expected to start investing in data protection projects due to the continuing challenges of cyberattacks.

KEY MARKET PARTICIPANTS:

Key players in the data loss prevention market are Code Green Networks, GTB Technologies Inc., Check Point Software Technologies Ltd., Symantec Corporation, CA Technologies, Trustwave Holdings Inc., Digital Guardian, Blue Coat Systems Inc., Trend Micro Incorporated, Websense Inc, Cisco Systems, and Zecurion.