IMARC Group has recently released a new research study titled “Data Loss Prevention Market Share: Global Industry Trends, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
How big is the DLP (Data Loss Prevention) market?
The global data loss prevention market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 21.6% during 2023-2028.
What is a data loss prevention?
Data loss prevention (DLP) represents a set of tools and processes used to detect and stop data breaches, exfiltration, and unauthorized access to sensitive data. It usually classifies regulated, confidential, and business-critical data, monitors and controls endpoint activities, clears data streams on corporate networks, manages data in the cloud, etc. In line with this, DLP also aids in meeting compliance and auditing requirements and determining the areas of weakness and anomalies for forensics and incident response. Consequently, organizations are relying on data loss prevention to safeguard their data and comply with relevant regulations.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the data loss prevention market?
The widespread adoption of DLP software that assists organizations in defending against illicit data leakage and transfer is among the key factors stimulating the data loss prevention market. Moreover, it is also utilized by small and medium-sized enterprises (SMEs) to achieve data visibility, secure personally identifiable information (PII), apply security in bring your own device (BYOD) environment, etc., which is acting as another significant growth-inducing factor. Besides this, the inflating need for remote working models, owing to the sudden outbreak of the COVID-19 pandemic, is positively influencing the global market. Furthermore, the escalating demand for data loss prevention in the healthcare sector to secure protected health information (PHI), as hospitals collect and store a remarkable amount of personal and medical data and intellectual property (IP), is catalyzing the market growth. Apart from this, the rising utilization of online banking services is anticipated to fuel the data loss prevention market over the forecasted period.
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The report has segmented the market into the following categories:
Breakup by Type:
- Data Center DLP
- Endpoint DLP
- Network DLP
Breakup by Services:
- Managed Security Services
- Training and Education
- System Integration and Installation
- Threat and Risk Assessment
Breakup by Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Deployment Type:
- Cloud Data Loss Protection
Breakup by Application:
- Cloud Storage
- Policy Standards and Procedures
- Web and Email Protection
Breakup by Industry:
- Retail and Logistics
- Defense and Intelligence
- Public Utilities and Government Bodies
- IT and Telecom
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
- Absolute Software Corporation
- Broadcom Inc
- Cisco Systems Inc
- Digital Guardian (HelpSystems LLC)
- Gtb Technologies Inc
- McAfee Corp.
- Proofpoint Inc
- Thales Group
- Trend Micro Inc
- Trustwave Holdings
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