Data Loss Prevention Market is expected to grow at a CAGR of 22.58%
According to TechSci Research
report, “Data Loss
Prevention Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2019-2029”, the Global Data Loss Prevention Market is expected to
register robust growth during the forecast period. Data loss prevention
(DLP) solutions safeguard sensitive data from being stored, used, or
transmitted insecurely. By safeguarding the data, it reduces the probability of
data theft or unauthorized exposure. Cloud DLP solutions precisely protect
enterprises that have adopted cloud storage by safeguarding sensitive data from
entering the cloud before being encrypted. After encryption, it allows the data
to be shared with authorized cloud applications. Most of these solutions alter
or remove sensitive data before being shared on the cloud for ensuring data
protection while in transit as well as cloud storage. The
endpoint DLP segment is expected to grow at a CAGR of 23.8% during the forecast
period. Endpoint DLP solutions assist organizations in preventing data
breaches by tracking and controlling data transfers and endpoint access. Data
categorization, encoding, enforcement of policies, and user engagement
surveillance caters to endpoint solutions.Endpoint DLP enables
organizations to protect sensitive data while also ensuring regulatory
compliance. It aids in preventing data leakage across various sources, such as
email communication, portable devices, cloud-based storage, and internet
connections.Endpoint DLP offers organizations an in-depth and adaptive approach
to data security, legal compliance, and risk mitigation. It contributes to
maintaining data quality, security, and accessibility, thereby protecting
sensitive information and limiting the consequences of data breaches.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Data LossPrevention Market.”
Cloud-computing adoption has
been increasing rapidly, with cloud-specific spending expected to grow at more
than six times the rate of general IT spending through 2020 as the growing
market trend which is driving the cloud DLP market. In addition, Cloud providers
are offering strong native optimization capabilities to help organizations
select the most cost-effective architecture that can deliver the required
performance. This is also driving the growth of the market.
Furthermore, several market
players are acquiring to boost cloud adoption. For instance, IBM
Corporation signed a definitive agreement to acquire Spanugo, a US-based
provider of cloud cybersecurity posture management solutions. To further meet
the security demands of its clients in highly regulated industries, IBM will
integrate Spanugo software into its public cloud. this acquisition of Spanugo
software will help accelerate the availability of a security control center
that will enable IBM clients to define compliance profiles, manage controls,
and in continuous real-time, monitor compliance across their organization.
Key market players in the Global Data
Loss Prevention Market are: -
- BlackBerry
Limited
- Broadcom,
Inc.
- CheckPoint
Software Technologies Ltd.
- Cisco
Systems, Inc.
- Citrix
Systems
- CrowdStrike
Holdings Inc.
- Digital
Guardian Inc.
- IBM
Corporation
- Mcafee
LLC
- Microsoft
Corporation
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“Data loss prevention (DLP) is a process
that makes sure end users do not share or send sensitive information outside of
their organizational boundaries. The term "DLP" is often utilized to
refer to software devices that allow network administrators to restrict
end-user exchange and transmission of sensitive data.
These software solutions classify and
preserve sensitive and confidential data using business principles because
disclosing information to unapproved end users could put an organization at
risk. Businesses may now identify and mitigate data loss issues more easily
because of improvements in data security. Strict safety practices can help
organizations reduce the chance of data loss situations by reducing the
possibility of data breaches, unauthorized access, or unintentional data
releases. As a result, the risk of unauthorized access or data leakage is
reduced. Additionally, it ensures that the most sensitive data is safeguarded
to the highest level of practicality. Due to the growth of digital data and the
application of modern technologies like artificial intelligence (AI), robotics,
the Internet of Things (IoT), big data, and cloud computing, both the volume
and complexity of data continue to increase. This complexity opens up the
potential for DLP solutions that can quickly locate, classify, and monitor
sensitive data across various sources and platforms. Implementing and
maintaining effective DLP solutions calls for specialized staff, specialized
hardware infrastructure, and expensive software licenses. “said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Data Loss Prevention Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Deployment
(On-premise and Cloud-based), By Solution (Network DLP, Endpoint DLP, and
Datacenter/Storage-based DLP), By End-user Industry (IT and Telecom, BFSI,
Government, Healthcare, Manufacturing, Retail, and Logistics)By Region, and By
Competition 2019-2029” has evaluated the future
growth potential of Global Data Loss Prevention Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Data Loss Prevention Market.
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