Data Loss Prevention Market Trends, Size Report, Demand and
Analysis by Forecast to 2028
The Data Loss Prevention Market
size is projected to grow from USD 3.4 billion in
2023 to USD 8.9 billion by 2028, at a CAGR of 21.2% during the forecast period,
according to new research report by MarketsandMarkets™
The DLP solutions mainly focus on the classification and
monitoring of data that may be in motion, rest, or at the endpoint, as these
solutions provide enterprises with the leverage to stop the numerous leaks of
information that occur each day. In other words, the main aim of the DLP
solutions is to detect potential data breaches that may occur at different
levels.
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in-depth TOC on “Data Loss Prevention Market"
207 - Tables
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List of Top Companies
·
Broadcom
(US)
·
IBM
(US)
·
Microsoft
(US)
·
Trend
Micro (Japan)
·
McAfee
(US)
·
Palo
Alto Networks (US)
·
GTB
Technologies (US)
·
InfoWatch
(Russia)
·
Fortra
(US)
These competitors have used various growth methods to
increase their market share in the Data Loss Prevention industry, including
partnerships, agreements, collaborations, new product releases, product
enhancements, and acquisitions.
Based on offering, the service segment is expected to grow
with the highest CAGR during the forecast period
The DLP service market is segmented across five major
categories: consulting, managed security service, design and integration,
education and training, and maintenance and support. These services assist in
the system’s security from unauthorized access, exploitation, and data loss.
The service market continuously evolves with the introduction of integrated
Social, Mobile, Analytics, and Cloud (SMAC), which needs proper monitoring. The
rising demand for DLP services in the market of sophisticated cyber threats,
the incapability of IT people to handle advanced and bundled risks, and
outsourcing services are promoting the consultancy business.
North America is expected to have the largest market size
during the forecast period.
A convergence of factors drives North America’s Data Loss
Prevention (DLP) market. Heightened concerns around data security and privacy
and a surge in cyber threats have propelled the demand for DLP solutions.
Stringent data protection regulations, such as GDPR and CCPA, have placed legal
obligations on organizations to safeguard sensitive information, fostering DLP
adoption. Additionally, North America’s vast and diverse business landscape,
encompassing industries like finance, healthcare, and technology, requires
tailored DLP solutions to address industry-specific challenges, further fueling
market growth. Furthermore, the cost of data breaches is reducing year-on-year
in the US, and this is due to the increase in investment by organizations
toward improving their data security infrastructure.
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