According to the latest report by IMARC Group, titled “Data Loss Prevention Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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.

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.

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Note: 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.

Market Trends:

The increasing adoption of DLP software to aid organizations in defending against illicit data leakages and transfers is one of the key factors driving the data loss prevention market. Furthermore, the rising utilization of DLP tools by small and medium-sized enterprises (SMEs) to achieve data visibility, protect personally identifiable information, enforce security in Bring Your Own Device (BYOD) environments, etc., is also propelling the market growth. Besides this, the expanding requirement for DLP across the healthcare sector to safeguard Protected Health Information (PHI) is acting as another significant growth-inducing factor. Additionally, the growing usage of online banking services is catalyzing the demand for DLP solutions in the banking, financial services and insurance (BFSI) sector to protect payment card information and sensitive personal data of the customers. This, in turn, is projected to fuel the data loss prevention market in the coming years.

Breakup by Type:

• Data Center DLP

• Endpoint DLP

• Network DLP

Breakup by Services:

• Managed Security Services

• Training and Education

• Consulting

• System Integration and Installation

• Threat and Risk Assessment

Breakup by Size:

• Large Enterprises

• Small and Medium-sized Enterprises

Breakup by Deployment Type:

• On-premises

• Cloud Data Loss Protection

Breakup by Application:

• Cloud Storage

• Encryption

• Policy Standards and Procedures

• Web and Email Protection

• Others

Breakup by Industry:

• Healthcare

• Retail and Logistics

• Defense and Intelligence

• Public Utilities and Government Bodies

• BFSI

• IT and Telecom

• Others

Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Competitive Landscape with Key Player:

• Absolute Software Corporation

• Broadcom Inc.

• Cisco Systems Inc.

• Digital Guardian (HelpSystems LLC)

• Forcepoint

• Gtb Technologies Inc.

• McAfee Corp.

• Proofpoint Inc.

• Thales Group

• Trend Micro Inc.

• Trustwave Holdings

• Zecurion.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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