IMARC Group, a leading market research company, has recently releases report titled “Data Loss Prevention Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global data loss prevention market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
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) refers to tools and processes used to detect and prevent data breaches, exfiltration, and unwanted destruction of sensitive data. It includes various data security techniques, such as data identification, protecting data in motion and at rest, endpoint DLP, and data leakage detection. DLP is widely used to protect personally identifiable information (PII) and intellectual property (IP), achieve data visibility, secure the mobile workforce, and ensure safety in bring-your-own-devices (BYOD). It also prevents data-related incidents by insiders, improves control over the organization, definitively authenticates users before data access, and complies with cybersecurity requirements, laws, and standards.
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Rapid digitalization of business processes, coupled with increasing cyberattacks across the globe, is one of the key factors driving the market growth. DLP is widely used for monitoring endpoint activities, filtering data streams on the corporate network, preventing ransomware attacks, and classifying regulated, confidential, and business-critical data. In addition, the widespread adoption of DLP solutions due to rising compliance and regulatory demands for enterprises is acting as another growth-inducing factor. Furthermore, the increasing inclination to tackle data security concerns arising due to the emerging trend of bring-your-own-device (BYOD), such as laptops, tablets, and smartphones, is providing a considerable boost to the market growth. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) to develop next-generation DLP capable of automating data classification, reducing false positives, identifying user behavior, and detecting anomalies is creating a positive outlook for the market growth.
Moreover, increasing demand for DLP-as-a-service that expedites DLP deployment and integrates easily with the existing environment to improve data visibility and offer better protection against leaks, incidents, and intrusion is providing an impetus to the market growth. Other factors, including increasing adoption of cloud technology, growing demand for DLP software by government agencies to tackle national security threats, and widespread utilization in the healthcare industry to protect personal and medical data, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$
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
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 (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa
The report covers the major market players including:
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 (Singapore Telecommunications Limited)
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