Global Data Loss Prevention (DLP) Market Size Insights Forecasts to 2032
- The Global Data Loss Prevention (DLP) Market Size was valued at USD 2.79 Billion in 2022.
- The Market Size is Growing at a CAGR of 29.45% from 2022 to 2032
- The Worldwide Data Loss Prevention (DLP) Market is expected to reach USD 36.87 Billion by 2032
- Asia Pacific is expected to Grow the fastest during the forecast period
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The Global Data Loss Prevention (DLP) Market Size is expected to reach USD 36.87 Billion by 2032, at a CAGR of 29.45% during the forecast period 2022 to 2032.
Data loss prevention (DLP) is an approach that ensures end-users do not communicate or send sensitive data outside of their organizational area. Software solutions that allow network administrators to restrict end-user interchange and transfer of sensitive data, it is called data loss prevention. Since sharing information with unauthorized end users could put an organization at risk, these software solutions classify and safeguard sensitive and confidential data using business principles. The increase in data security makes it easier for businesses to identify and address data loss risks. By implementing strict safety procedures, organizations can reduce the likelihood of data breaches, unauthorized access, or unintentional data leaks, hence lowering the risk of data loss situations.
Moreover, it ensures that the most sensitive data is protected to the maximum level feasible, lowering the insecurity of unauthorized access or data leakage. The volume and complexity of data continue to rise as a result of the expansion of digital data and the use of advanced technologies like the Internet of Things (IoT), big data, artificial intelligence (AI), robotics, and cloud computing. DLP solutions that can rapidly find, categorize, and monitor sensitive data across different sources and platforms are given possibilities by this complexity. Effective DLP solutions require specialized personnel, specialized hardware infrastructure, and expensive software licenses to implement and maintain.
Global Data Loss Prevention (DLP) Market Report Coverage
|Market Size in 2022:||USD 2.79 Billion|
|Forecast Period 2022-2032 CAGR:||29.45%|
|2032 Value Projection:||USD 36.87 Billion|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Solution Type, By Deployment Mode, By Industry Vertical, By Application, By Region, and COVID-19 Impact|
|Companies Covered:||Blackberry, IBM, Mcafee LLC, Microsoft, Broadcom, Inc., Checkpoint, Cisco Systems, Inc., Citrix Systems, CrowdStrike, Digital Guardian Inc., Proofprint, SAP SE, Sophos Ltd., Trend Micro, and other key vendors.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth & Analysis.|
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The Growing digitalization of corporate operations has made organizations across a range of industrial sectors more at risk of cyberattacks. There is an upsurge in the use of DLP software to help organizations protect against unauthorized data leakage and transfer because these cyberattacks can lead to the misuse of personal data and severe financial loss. In addition, SMEs frequently utilize it to enforce security in Bring Your Own Device (BYOD) environments, establish data visibility, and protect personally identifiable information (PII). Additionally, numerous governments have instituted lockdowns as a result of the coronavirus illness (COVID-19) outbreak. In order to secure mobile workforces and data on remote cloud systems, many firms have implemented remote working models and DLP software.
Furthermore, as hospitals collect and store huge volumes of personal and medical data, research and development (R&D), and intellectual property (IP), DLP is gaining popularity in the healthcare sector to protect protected health information (PHI). Additionally, as more people utilize online banking services, there will be a rising need for DLP in the banking, financial services, and insurance (BFSI) industry to protect sensitive customer data and payment card information.
Complicated DLP rules, a lack of guarantee protection, and a lack of awareness, on the other hand, are likely to defeat the growth of the enterprise data loss prevention software industry. During the projection period, the market for corporate data loss prevention software is anticipated to have difficulties due to an expected rise in deployment issues.
The global market for enterprise data loss prevention software includes information on recent market developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and local market participants, analyses of prospective revenue pockets, modifications to market rules, strategic analysis of market growth, market size, category market growths, application niches, and leadership, approvals of products, and more.
By Solution Type Insights
The endpoint DLP segment dominates the market with the largest revenue share over the forecast period.
On the basis of solution type, the global data loss prevention (DLP) market is segmented into network DLP, storage DLP/data center DLP, and endpoint DLP. Among these, the endpoint DLP segment is dominating the market with the largest revenue share of 52% over the forecast period. Endpoint DLP maintains monitoring on each endpoint, both on and off the network, to prevent data loss, disclosure, and unauthorized use. Endpoints are any hardware used to use, move, or maintain information, such as servers, cloud storage systems, PCs, laptops, and mobile phones. To simplify reporting and compliance requirements, endpoint DLP helps in the classification of regulatory, sensitive, confidential, or business-relevant information.
By Deployment Mode Insights
The cloud segment is witnessing significant CAGR growth over the forecast period.
On the basis of deployment mode, the global data loss prevention (DLP) market is segmented into on-premise and cloud. Among these, the cloud segment is witnessing significant CAGR growth over the forecast period. Cloud-based services are increasingly popular, which is attributed to their simple implementation and accessibility from any location with an internet connection. As a result of this, businesses can safeguard data regardless of where users or devices are located. Even remote employees can access the same security as onsite employees by implementing it. Furthermore, cloud providers maintain and update cloud-based DLP solutions on a regular basis to give businesses access to the most recent threat information, security features, and regulatory compliance capabilities.
By Industry Vertical Insights
The BFSI segment is expected to hold the largest share of the global data loss prevention (DLP) market during the forecast period.
Based on the industry vertical, the global data loss prevention (DLP) market is classified into BFSI, IT and telecom, healthcare, retail & logistics, and government. Among these, the BFSI segment is expected to hold the largest share of the global data loss prevention (DLP) market during the forecast period. BFSI businesses work with enormous amounts of data, including information about customer accounts, credit card numbers, and financials. For the BFSI industry, network intrusions, cyberattacks, and data breaches give unchanged issues. Real-time monitoring, analysis, and alerting are made possible by DLP solutions, enabling the early detection of security incidents or policy violations. Organizations in the BFSI sector rely significantly on intellectual property, including patents, financial data, and proprietary technologies. DLP protects intellectual property from theft or unauthorized disclosure. Important business information is kept confidential and not disclosed to competitors as a result of it.
By Application Insights
The encryption segment accounted for the largest revenue share of more than 49.7% over the forecast period.
On the basis of application, the global data loss prevention (DLP) market is segmented into encryption, centralized management, policy, standards & procedures, web& email protection, cloud storage, incident response & workflow management. Among these, the encryption segment dominates the market with the largest revenue share of 49.7% over the forecast period. As data loss increases, it is crucial to establish policies and regulations to track and control the transfer of sensitive data throughout the organization. When organizations combine encryption with DLP, they add a further degree of security. Data is protected via encryption by being converted into an unrecognizable encrypted text format using cryptographic techniques. Anyone with the encryption keys can decrypt the data and access it.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with more than 38.6% market share over the forecast. Organizations in North America have prioritized the protection of sensitive data as a result of an increased understanding of data security risk factors. Businesses in North America are gradually adopting cloud computing and utilizing cloud services for data storage, collaboration, and business operations. As a result of this change, cloud-based DLP solutions are now being used to protect sensitive data in environments such as clouds.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. Data breaches, ransomware attacks, and insider threats have become more common in the Asia-Pacific area. With businesses implementing mobile technologies, cloud computing, and remote work strategies, several. The deployment of DLP solutions to protect data across various settings and devices has been prompted by the growth in data storage, transport, and collaboration as a result of these advancements. Europe market is expected to register a substantial CAGR growth rate during the forecast period.
List of Key Market Players
- Mcafee LLC
- Broadcom, Inc.
- Cisco Systems, Inc.
- Citrix Systems
- Digital Guardian Inc.
- SAP SE
- Sophos Ltd.
- Trend Micro
Key Market Developments
- On March 2023, An organization that offers cloud security services, Zscaler, Inc., recently announced changes to its Zscaler Posture Control in order to improve the platform for protecting cloud-native applications.
- On May 2022, The public availability of samples of Broadcom Inc.'s full end-to-end Wi-Fi 7 chipset solutions, which include Wi-Fi routers, residential gateways, business access points, and client devices, was announced.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global data loss prevention (DLP) market based on the below-mentioned segments:
Data Loss Prevention (DLP) Market, Solution Type Analysis
- Network DLP
- Storage DLP/Data Center DLP
- Endpoint DLP
Data Loss Prevention (DLP) Market, Deployment Mode Analysis
Data Loss Prevention (DLP) Market, Industry Verticals Analysis
- IT and Telecom
- Retail & Logistics
Data Loss Prevention (DLP) Market, Application Analysis
- Centralized Management
- Standards & Procedures
- Web & Email Protection
- Cloud Storage
- Incident Response & Workflow Management
Data Loss Prevention (DLP) Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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