Data Loss Prevention Market

Market Overview:

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 a set of tools and processes used to detect and prevent data breaches, exfiltration, or unauthorized access of sensitive data. It classifies regulated, confidential, and business-critical data; monitors and controls endpoint activities; filters data streams on corporate networks; and regulates data in the cloud. It also helps meet compliance and auditing requirements and identify areas of weakness and anomalies for forensics and incident response. As a result, organizations nowadays are relying on DLP to protect and secure their data and comply with relevant regulations.

Data Loss Prevention Market Trends:

Due to the rapid digitalization of business processes, organizations operating in different industry verticals have become vulnerable to cyberattacks. As these cyberattacks can lead to misuse of confidential data and a huge financial loss, there is a rise in the adoption of DLP software to help organizations defend against illicit data leakage and transfer. Apart from this, it is widely utilized by small and medium-sized enterprises (SMEs) to achieve data visibility, protect personally identifiable information (PII), and enforce security in Bring Your Own Device (BYOD) environments. Moreover, due to the coronavirus disease (COVID-19) outbreak, governing agencies of numerous countries have implemented lockdowns. Consequently, several companies have shifted to remote working models and DLP software to secure mobile workforce and data on remote cloud systems. Besides this, as hospitals collect and store incredible amounts of personal and medical data, research and development (R&D), and intellectual property (IP), DLP is gaining traction in the healthcare sector to safeguard protected health information (PHI). Furthermore, the increasing usage of online banking services is driving the demand for DLP in the banking, financial services, and insurance (BFSI) sector to protect payment card information and customers’ sensitive data.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global data loss prevention market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, services, size, deployment type, application and industry.

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:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and Zecurion.

Report Coverage: