The data loss prevention market is expected to register a CAGR of 22.4% during 2023–2031. Integration with advanced technologies such as AI and ML is likely to remain a key trend in the market.
Data Loss Prevention Market Analysis
- The data loss prevention market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The data loss prevention market is growing owing to factors such as increasing cyber threats, rising remote work models, and stringent government regulations.
- Increasing adoption of zero trust security model to provide lucrative opportunities for the data loss prevention market.
Data Loss Prevention Market Overview
- Data loss prevention (DLP) is a set of tools and processes used to ensure that sensitive data is not lost, misused, or accessed by unauthorized users.
- Data loss prevention tools can help organizations monitor and protect sensitive information across on-premises systems, cloud-based locations, and endpoint devices.
- These tools also help to achieve compliance with regulations such as the Health Insurance Portability and Accountability Act (HIPAA), General Data Protection Regulation (GDPR) and others.
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Data Loss Prevention Market: Strategic Insights
Data Loss Prevention Market
-
Market Size 2023
US$ XX Billion
-
Market Size 2031
US$ XX Billion
Market Dynamics
GROWTH DRIVERS
- Increasing cyberthreats, rising remote work models, and stringent government regulations
FUTURE TRENDS
- Increasing adoption of zero trust security model
OPPORTUNITIES
- Integration with advance technologies such as AI and ML
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solution
- Services
Deployment
- On-Premise and Cloud-Based
End-user Industry
- IT and Telecom
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail and Logistics
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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Data Loss Prevention Market: Strategic Insights
-
Market Size 2023
US$ XX Billion -
Market Size 2031
US$ XX Billion
Market Dynamics
- Increasing cyberthreats, rising remote work models, and stringent government regulations
- Increasing adoption of zero trust security model
- Integration with advance technologies such as AI and ML
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solution
- Services
- On-Premise and Cloud-Based
- IT and Telecom
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail and Logistics
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Data Loss Prevention Market Drivers and Opportunities
Increasing Cyberthreats to Favor Market
- Businesses are facing continuous threat of cybercrimes, as they have grown more widespread in recent years.
- According to Embroker Insurance Services LLC, cyberattacks were considered the fifth top-rated risk in 2021, and cases continue to rise with technological advancements. Computer malware, data breaches, and denial of service (DoS) are a few examples of cyber risks.
- According to OneLogin, cybercrime costs more than US$ 1 trillion worldwide, as 37% of organizations were affected by ransomware and 61% were affected by malware attacks in 2021.
- According to the Clusit Report, cyberattacks across the globe have increased by 10% in 2021 when compared to the previous year. For instance, according to AAG, the UK had the highest figure of cybercrime victims per million internet users (4,783 users) in 2022, an increase of 40% over 2021 figures.
- The average cost of a cyber breach was US$ 4.35 million in 2022, and it is predicted that this value is expected to reach US$ 10.5 trillion by 2031.
Increasing Adoption of Zero Trust Security Model
- Zero trust is reshaping the privileged access management solution in a new era of stringent security practices.
- The goal of the zero trust security model is to grant access to assets as precisely as early as possible so that employees have permission to use specific accounts, applications, or equipment only when needed and for a specific reason.
- Complying with the zero trust security approach will be essential for data loss prevention solutions in the future.
Data Loss Prevention Market Report Segmentation Analysis
Key segments that contributed to the derivation of the data loss prevention market analysis are component, deployment, and end user.
- By component, the market is bifurcated into solution and services.
- By deployment, the market is bifurcated into on-premise and cloud-based.
- By end user industry, the market is segmented into IT and telecom, BFSI, government, healthcare, manufacturing, retail and logistics, and others.
Data Loss Prevention Market Share Analysis by Geography
- The data loss prevention market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering data loss prevention market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the data loss prevention market in these regions.
Data Loss Prevention Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ XX Billion
Market Size by 2031
US$ XX Billion
Global CAGR (2023 - 2031)
22.4%
Historical Data
2021-2023
Forecast period
2024-2031
Segments Covered
By Component - Solution
- Services
By Deployment - On-Premise and Cloud-Based
By End-user Industry - IT and Telecom
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail and Logistics
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Broadcom Inc. CoSoSys Ltd. Digital Guardian, Inc. Forcepoint, LLC GTB Technologies, Inc. Proofpoint, Inc. RSA Security LLC (Dell Technologies Inc.) Trend Micro Incorporated Trustwave Holdings, Inc.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Billion |
Market Size by 2031 | US$ XX Billion |
Global CAGR (2023 - 2031) | 22.4% |
Historical Data | 2021-2023 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Data Loss Prevention Market News and Recent Developments
The data loss prevention market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the data loss prevention market are listed below:
- CoSoSys, a leader in Data Loss Prevention (DLP) and insider threat management, has announced the latest version of its award-winning endpoint protector solution. Endpoint Protector v5.5.0.0 introduces a host of new features, including advanced content detection, allowing organizations to build even more targeted data protection policies, reduce false positives, and tackle the growing complexity of their hybrid work environments. With these advanced capabilities, the company is able to help customers both strengthen and simplify data security. (Source: CcSoSys Ltd, Press Room, February 2022)
- Proofpoint, Inc. announced the completion of the acquisition of Tessian, a leader in the use of advanced AI to automatically detect and guard against both accidental data loss and evolving email threats. The combined platform will help organizations prevent data loss across the most critical collaboration channels, from email to the cloud to the endpoint, leveraging an industry-first combination of user activity, behavioral AI, and data classification. (Source: Proofpoint, Press Release, December 2023)
Data Loss Prevention Market Report Coverage and Deliverables
The “Data Loss Prevention Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Data loss prevention market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Data loss prevention market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Data loss prevention market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the data loss prevention market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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The leading players operating in the data loss prevention market are BlackBerry; Broadcom, Inc.; CheckPoint; Cisco Systems, Inc.; Citrix Systems; CrowdStrike; Digital Guardian Inc.; IBM; Microsoft; and VMware, Inc.
Integration with advanced technologies such as AI and ML is anticipated to play a significant role in the global data loss prevention market in the coming years.
The global data loss prevention market is expected to grow at a CAGR of 22.4% during the forecast period 2024 - 2031.
Increasing cyber threats, rising remote work models, and stringent government regulations are the major factors driving the data loss prevention market.
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The List of Companies
1. Broadcom Inc.
2. CoSoSys Ltd.
3. Digital Guardian, Inc.
4. Forcepoint, LLC
5. GTB Technologies, Inc.
6. Proofpoint, Inc.
7.RSA Security LLC (Dell Technologies Inc.)
8. Trend Micro Incorporated
9. Trustwave Holdings, Inc.
10. Zecurion Inc.