Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the data loss prevention market provides in-depth analysis of segments and sub-segments in the global as well as regional data loss prevention market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data loss prevention market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global data loss prevention market. According to the report, the global data loss prevention market is projected to grow at a CAGR of 23% around the forecast period of 2021-2027, growing from around USD 2 billion in 2021 to over USD 5 billion in 2027.
Data loss prevention is a set of tools and processes that are been used to ensure that sensitive data is not lost, misused, or accessed by any unauthorized users. Data loss prevention filters data streams on corporate networks, and monitor data in the cloud to protect data at rest, in motion, and in use. It also provides reporting to meet compliance and auditing requirements and identify areas of weakness and anomalies for forensics and incident response. Data loss prevention solves three major objectives that are common points for many organizations such as personal information protection/compliance, intellectual property (IP) protection, and data visibility. DLP strategies must include solutions that can be monitored for, detect, and block the unauthorized flow of information within the organizations. A few of the benefits offered by DLP are Protecting against external threats, Protecting against internal threats, Protecting against accidental data loss, and compliance with laws and regulations. The outbreak of COVID-19 has brought tremendous challenges to our day-to-day lives. There was around a 123% increase in data downloaded to USB devices by employees. 74% of that data was been classified by organization data governance policies. Cloud storage and USB devices were the most preferred egress paths after the pandemic declaration. The impact of COVID-19 on the data loss prevention market has been positive for many industries and enterprises that have gone digital with their data due to the pandemic conditions where industries and enterprises were shut down due to the restrictions imposed by the governments across the globe as people were been restricted to move out of their houses. The world as a whole had led to economic breakdown and loss of life.
One of the major disadvantages of data loss prevention is the cost of implementation that is been required as the traditional DLP mainly hardware-based solutions are relatively expensive that can hamper its market growth. DLP if used inappropriately can hamper the productivity for security. Due to increasing security breaches, high demand for the protection of intellectual property against theft, and the rising adoption of cloud computing such a shift in the storage of data from on-premises to public and private cloud platforms to drive its market growth. The emerging commercialization across the globe also drives its market growth. The acceptance of cloud-based business models and persistent cyber-attacks is expected to provide opportunities for the growth of the data loss prevention market during the forecast period.
Among the regions, North America accounted for the largest share in the global Data Loss Prevention. The increasing activities of data breaches in various industries are expected to be driving the demand for data loss prevention solutions during the forecasting years. The dominance of this region is attributed due to the increasing adoption of cloud and big data technologies. However, the Asia Pacific region is anticipated to grow at the highest rate in the global Data Loss Prevention market over the forecast period. The awareness of the technology was boosted by more publicized data loss incidents appearing in the region. Moreover, the companies in this region are investing in data projection projects due to the challenges of cyberattacks.
The report on the global data loss prevention market covers segments such as type, application, deployment, services, size, and industry. On the basis of type, the sub-markets include data center DLP, endpoint DLP, network DLP, and data center DLP. On the basis of application, the sub-markets include cloud storage, encryption, policy, standards and procedures, web and email protection, and cloud storage. On the basis of deployment, the sub-markets include on-premise, and cloud data loss protection. On the basis of services, the sub-markets include MSS (managed security services, training and education, consulting, system integration, and installation threat and risk assessment. On the basis of size, the sub-markets include large enterprises, and SMBS. On the basis of industry, the sub-markets include healthcare, defense & intelligence, public utilities & government bodies, BFSI, and IT & telecom.
The report provides profiles of the companies in the market such as Symantec Corporation, GTB Technologies, Inc, CA Technologies, RSA (Subsidiary of EMC Corporation), Trend Micro Incorporated, Websense, Inc, Trustwave Holding, Code Green Networks, Zecurion, Digital Guardian, and Symantec Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the data loss prevention market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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