Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.27 Billion | USD 13.09 Billion | 21.48% | 2023 |
Zion Market Research has published a report on the global Data Loss Prevention Market, estimating its value at USD 2.27 Billion in 2023, with projections indicating that it will reach USD 13.09 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 21.48% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Data Loss Prevention industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Data loss protection is a collection of procedures and instruments that are used to ensure that unauthorised users do not destroy, manipulate or access confidential data. The programme for data loss prevention classifies controlled, sensitive and business-critical data and detects violations of organizationally defined policies. If these breaches are detected, the mitigation of data leakage enforces remediation with warnings, encryption and other security measures to prevent the unintentional or malicious exchange of information that could put companies at risk. This app records and manages the actions of endpoints, philtres data sources on organisational networks, and even regulates data in the cloud to safeguard data at rest, in motion ad use.
Owing to rising security breaches, growing demand for intellectual property protection from piracy, and accelerated usage of cloud services, the data loss management industry has experienced steady growth in recent years due to the transition in data storage from on-site to public and private cloud systems. Emerging commercialization is another additional aspect adding to the development of data loss management markets. Increasing social media use for example, leads to sophisticated data sharing. A lack of understanding, however is hindering the development of the DLP industry. Acceptance of cloud-based business models and persistent cyber-attacks are projected to create opportunities during the forecast period for the growth of the data loss prevention industry.
The Data Loss Prevention market is fragmented based on solution, application, deployment, and verticals. By solution, the market is divided into network DLP, endpoint DLP, storage/data center DLP, and cloud DLP. On the basis of application, the Data Loss Prevention market includes encryption, centralized management, policy, standards & procedures, web & email protection, cloud storage, incident response & workflow management, and others. The deployment segment of Data Loss Prevention market is further classified into Cloud based, and On premise.
On the basis of verticals, the market is segmented into Aerospace, Defense & Intelligence, Government (Excluding Defense) and Public Utilities, Banking, Financial Services and Insurance (BFSI), Telecomm and IT, Retail & Logistics, Healthcare, Manufacturing and Others. Healthcare sector is expected to expand at fastest rate during the forecasted period. For replication and data recovery, healthcare organisations use the cloud and rapidly growing electronic health/medical reports are requesting data to prevent loss prevention solutions.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Data Loss Prevention Market |
Market Size in 2023 | USD 2.27 Billion |
Market Forecast in 2032 | USD 13.09 Billion |
Growth Rate | CAGR of 21.48% |
Number of Pages | 110 |
Key Companies Covered | GTB Technologies Inc., Code Green Networks, Symantec Corporation, Check Point Software Technologies Ltd., Trustwave Holdings Inc., CA Technologies, Trend Micro Incorporated, Blue Coat systems Inc., Cisco Systems, Websense Inc., RSA (Subsidiary of EMC Corporation), Zecurion, Digital Guardian, among others |
Segments Covered | By Solution, By Application, By Deployment, By Verticals And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Thanks to early and robust acceptance of big data ad cloud computing, North America is projected to have the highest market share. Advanced infrastructure power is also driving the development of the region's Data Loss Protection Sector.
Some main participants of the Data Loss Prevention market are:
By Solution
By Application
By Deployment
By Verticals
North America
FrequentlyAsked Questions
Increase in the magnitude of data loss incidences globally every day. Therefore the growth of the Global Data Loss Protection Market is fuelled by substantially the breaches and persistent cyber-attacks. In addition, the need for Global Data Loss Management technologies is increasing the possibility of data retention and security due to a growth in the number of ways data will escape the enterprise, the mechanism becoming more decentralised, increasing usability, affordable storage devices and a substantial rise in the volume of data.
According to Zion Market Research, global demand for Data Loss Prevention market is expected to generate revenue of around USD 12.5 Billion by end of 2026, growing at a CAGR of around 18-20% between 2020 and 2026.
Thanks to early and robust acceptance of big data ad cloud computing, North America is projected to have the highest market share. Advanced infrastructure power is also driving the development of the region's Data Loss Protection Sector.
Some main participants of the Data Loss Prevention market are GTB Technologies Inc., Code Green Networks, Symantec Corporation, Check Point Software Technologies Ltd., Trustwave Holdings Inc., CA Technologies, Trend Micro Incorporated, Blue Coat systems Inc., Cisco Systems, Websense Inc., RSA (Subsidiary of EMC Corporation), Zecurion, Digital Guardian, among others.
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