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Chitra Kulkarni | chitra_kulkarni

Data-Loss Prevention (DLP) Market Segmentation by Top Players, Type, End Users, Product, and Region, 2023

Mar 5th 2020 at 4:06 AM

The global data-loss prevention (DLP) market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the rising number of incidences related to data leaks and increasing importance towards implementation of regulatory compliance. Additionally, growing concerns related to data hacking and unauthorized access to confidential data are expected to drive the growth of data-loss prevention (DLP) market over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of data-loss prevention (DLP) market.

In addition, ever-growing demand to secure highly confidential information, thus allowing high-level of operational efficiency in large-scale organization is anticipated to favor market growth over the forecast period. Moreover, numerous governmental regulatory compliances & schemes associated data security are further escalating the need for advanced data-loss prevention (DLP) solutions. Factors such as growing requirement for data loss prevention for social networking sites and increasing occurrence of data breaches are anticipated to boost the growth of the market over the next seven years.

Data loss prevention (DLP) consists of multiple tools that can process large chunks of data and ensure security of critical data. Early adoption of data-loss prevention tools & services prevents unauthorized user access and data loss. Data loss prevention (DLP) solutions are capable of separating confidential and business data from large chunks, thus determining violations of policies defined by organizations or potential entry points for unauthorized access. Different types of regulatory compliance driving data loss prevention policies include HIPAA, PCI-DSS, and GDPR. Soaring volumes of data on web server is heightening the importance of data security solutions.

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The market is broadly categorized into four major segments based on the application type such as cloud storage, encryption, standards & procedures, and web and email protection. Cloud storage segment is growing rapidly in the data loss prevention (DLP) market with substantial revenue generation in the last few years. Growing popularity of data-loss prevention (DLP) in cloud storage segment is attributed to the increasing preference towards cloud services on global-scale.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in data security sector, surge in number of research & development activities in the region and existence of well-established IT infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due the increase in number of regulatory compliances.

Asia-Pacific region is estimated to hold a major share in the data-loss prevention (DLP) market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising number of government initiatives to promote data privacy and security, soaring implementation of security solutions by small and medium-sized enterprises (SMEs), and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the data-loss prevention (DLP) market are Digital Guardian, Inc., Zecurion DLP, CA Technologies, Inc., Symantec Corp., and Gartner, Inc.

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