Global Data Loss Prevention Market
Author : ashwini ahirrao | Published On : 02 Mar 2021
Global Data Loss Prevention Market was valued at US$ 1.65 Bn in 2019 and is expected to reach US$ 8.37 Bn by 2026, at a CAGR of 22.51% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Data loss prevention (DLP) is a set of tools and processes used to confirm that sensitive data is not lost, misused, or accessed by unauthorized users. It provides data security and protects data from data theft and cyber-attack.
Increasing demand for cloud computing and switching storage of data from on-premise to the public and the private platform is expected to drive the market. The emerging commercialization is estimated to boost the demand for data loss prevention technology. Rising cloud-based business and persistent cyber-attacks are projected to drive the market over the forecasted period. The rising internet penetration rate and growing dependency on the communication sector and requirement of data security from data hackers are expected to drive the market for data loss prevention technology. However, performance concerns, unguaranteed prevention methods, and lack of awareness are estimated to hamper the growth of the data loss prevention market over the forecast period.
Network DLP leads the market owing to continuous monitoring of data in motion capabilities. North America commanded the major share in the global market. The growth is due to the presence of enormous data and increased adoption of cloud technologies.
The healthcare segment is estimated to grow at a significant rate owing to rich repositories of patient information healthcare organizations. Protect the high confidential data like Patients' information related to the personal identification details, insurance, and payments highly advanced data loss prevention tools need to be used which rise the demand for this market in the healthcare sector.
North America is estimated to the largest market share owing to the large adoption of big data and cloud technologies. Asia-Pacific is expected to be the highest growing region. Increasing economies such as China and India are projected to drive the data protection market. India & China are the prominent service providing countries. The enterprises in the Asia Pacific are estimated to start investing in data protection projects owing to continuous cyber-attack challenges.
Some of the key players in the global data loss prevention market are Symantec Corporation, CA Technologies, Trend Micro Incorporated, GTB Technologies, Inc., Trustwave Holdings Inc., Cisco Systems Inc., Digital Guardian, Forcepoint LLC, McAfee LLC, Zecurion, Absolute Software Corporation, Proofpoint Inc., Gemalto NV, Sophos Group PLC, and Drainware.
Scope of the Global Data Loss Prevention Market
Global Data Loss Prevention Market by Solution
• Network DLP
• Storage DLP
• Endpoint DLP
Global Data Loss Prevention Market by Deployment Type
Global Data Loss Prevention Market by Applications
• Centralized Management
• Policy, Standards & Procedures
• Web & Email Protection
• Cloud Storage
• Incident Response & Workflow Management
Global Data Loss Prevention Market by verticals
• Defense & Intelligence
• Government and Public Utilities
• Banking, Financial Services and Insurance (BFSI)
• Telecomm and IT
• Retail & Logistics
Global Data Loss Prevention Market by Geography
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Data Loss Prevention Market
• Symantec Corporation
• CA Technologies
• Trend Micro Incorporated
• GTB Technologies, Inc.
• Trustwave Holdings Inc.
• Cisco Systems Inc.
• Digital Guardian
• Forcepoint LLC
• McAfee LLC
• Absolute Software Corporation
• Proofpoint Inc.
• Gemalto NV
• Sophos Group PLC
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