Data Loss Prevention Market
Growth Factors of Data Loss Prevention Market
The data loss prevention market size was valued at USD 1.84 billion in 2022, and the market is now projected to grow from USD 2.21 billion in 2023 to USD 10.05 billion by 2030, exhibiting a CAGR of 24.1% during the forecast period of 2023-2030.
The pandemic helped the data loss prevention market growth boosting the use of remote working and cloud services. Employees and other stakeholders began using devices to liaise with secure networks and gain access to information and data vulnerability threats. Companies sought prevention tools to secure endpoints, protect cloud data and monitor insider threats. This shift helped the market grow as organizations felt the need to adopt modern solutions to prevent threats.
Increasing cloud storage in an organization due to IoT deployment and cost-cutting measures drives the data loss prevention market share. Current applications facilitate cloud solutions with more efficient and cheaper in creating the big capacity needed for storage. Some corporations have moved their data to the cloud, so DLP solutions have been required to protect this data. The continuation of this trend helps to stimulate market growth.
Further, the increasing use of Bring Your Own Device (BYOD) in leading organizations demands corporations to enhance data loss prevention solutions. The incorporation of BYOD leads to the growth of the attack surface as workers bring their devices to work. Companies have adopted encryption, secure data access and Mobile Device Management (MDM) to minimize data loss. This trend plays a major role in the growth of the DLP market particularly in emerging economies.
Comprehensive Analysis of Data Loss Prevention Market
The data loss prevention market and information & communication technology industry are rising due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by components, by types and by industries. The component includes, Solution and Services. The type includes, Network, Cloud and End Point. The industry includes, Healthcare, Manufacturing, Finance, Government and Others.
North America dominates the largest data loss prevention market as the concern for threats to data security continues to rise. Businesses guard the information to avoid leakage and retain customer confidence. The need for DLP solutions also arises from cloud service usage in collaboration and storage platforms. Security incidents and the growing value of data have intensified these efforts. This trend continues to strengthen the DLP market in the region.
The key industry players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, Microsoft Corporation (U.S.), Broadcom (U.S.), Cisco Systems, Inc. (U.S.), Fortra, LLC (U.S.), Cloudflare, Inc. (U.S.), IBM Corporation (U.S.), McAfee, Inc. (U.S.), Ekran Systems (U.S.), Imperva (U.S.) and Palo Alto Networks (U.S.). These market players provide a level-playing competitive landscape.
In July 2023, Hornetsecurity introduced the Backup Bible, an extensive resource designed to assist businesses in preparing for and recovering from severe data loss incidents. This guide offers valuable information and customizable templates, enabling business owners to develop tailored backup strategies.
Segmentation Table
Global Data Loss Prevention Market Scope
Study Period 2017-2030
Base Year 2022
Forecast Period 2023-2030
Growth Rate CAGR of 24.1% from 2023 to 2030
Historical Period 2017-2021
Unit Value (USD Billion)
Segmentation By Component, Type, Industry, and Region
By Component Solution
Services
By Type Network
Cloud
End Point
By Industry Healthcare
Manufacturing
Finance
Government
Others (retail)
By Region North America (By Component, Type, Industry, and Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
South America (By Component, Network Type, End-user, and Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America
Europe (By Component, Network Type, End-user, and Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Russia (By Type)
- Benelux (By Type)
- Nordics (By Type)
- Rest of Europe
Middle East & Africa (By Component, Network Type, End-user, and Country)
- Turkey (By Type)
- Israel (By Type)
- GCC (By Type)
- North Africa (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa
Asia Pacific (By Component, Network Type, End-user, and Country)
- China (By Type)
- Japan (By Type)
- India (By Type)
- South Korea (By Type)
- ASEAN (By Type)
- Oceania (By Type)
- Rest of Asia Pacific
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