$6.03 Billion Growth in Data Loss Prevention Market with an Accelerating CAGR of 23.78% – Growing Use of Cloud for Data Storage to Drive Market Growth

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Key Market Dynamics:

  • Market Driver: The increasing use of cloud for data storage is one of the major drivers for the growth of the Data Loss Prevention (DLP) market. Meanwhile, the significant costs associated with maintaining and operating the existing infrastructure are handled by third-party vendors, which in turn reduces the load on the organization’s IT budget. Therefore, cloud computing reduces the total cost of ownership. This is driving enterprises to adopt DLP solutions to ensure that sensitive data in the cloud is protected while the business and its employees benefit from the efficiency and scalability of the cloud. Thus, increasing adoption of cloud-based data storage solutions will propel the growth of the global DLP market during the forecast period.
  • Market Challenge: DLP solution deployment issues are one of the factors hampering the growth of the data loss prevention (DLP) market. DLP solutions can have performance limitations when they contain a large number of rules or definitions. On the network side, DLP tools originally designed to scan outgoing email, when applied to real-time traffic, can suffer from too many performance limitations and false positives that can make real-time blocking difficult to implement. This may pose a threat to the growth of the Data Loss Prevention (DLP) market over the forecast period.

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Overview of market segmentation

The Data Loss Prevention Market report is segmented by Deployment (Cloud-Based and On-Premise) and Geography (North America, EuropeACPA, South Americaand Middle East and Africa).

  • Regional Opportunities: North America will be the top region with 40% market growth over the forecast period. The United States is the key market for the data loss prevention market in North America. Market growth in this region will be slower than market growth in APAC. An increase in investments from DLP providers in European countries will propel the growth of the data loss prevention market in North America over the forecast period.
  • Revenue Generating Segment Analysis: The growth in data loss prevention market share by the cloud-based segment will be significant during the forecast period. Cloud-based DLP solutions are designed to protect enterprises that have adopted cloud storage to meet business needs efficiently and quickly by ensuring that sensitive data is encrypted before being transmitted to the cloud and ‘they are only sent to authorized cloud applications. Due to the increasing number of data breaches in the cloud, the average cost of a data breach is also increasing, which, in turn, increases the demand for cloud-based DLP solutions. This factor will propel the growth of the DLP market over the forecast period.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned with their offers

    • Acronis International GmbH
    • Broadcom Inc.
    • Check Point Software Technologies Ltd.
    • CoSoSys Srl
    • Dell Technologies Inc.
    • Digital Guardian Inc.
    • Forcepoint LLC
    • GTB Technologies Inc.
    • HelpSystems LLC
    • InfoWatch
    • Jive software
    • McAfee Corp.
    • Open Text Corp.
    • Propoint Inc.
    • SearchInform Ltd.
    • Somansa Technologies Inc.
    • Spirion LLC
    • Trend Micro Inc.
    • Trustwave Holdings Inc.
    • Zecurion inc.
  • Access more supplier profiles with their key offers available with Technavio, Download sample PDF report

Related reports:

Data Protection and Recovery Software Market by End User and Geography – Forecast and Analysis 2022-2026

Data Protection as a Service Market by Application and Geography – Forecast and Analysis 2021-2025

Scope of the Data Loss Prevention Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 23.78%

Market Growth 2022-2026

$6.03 billion

Market structure

Fragmented

Annual growth (%)

22.31

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 40%

Main consumer countries

United States, Japan, Germany, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Acronis International GmbH, Broadcom Inc., Check Point Software Technologies Ltd., CoSoSys Srl, Dell Technologies Inc., Digital Guardian Inc., Forcepoint LLC, GTB Technologies Inc., HelpSystems LLC, InfoWatch, Jive Software, McAfee Corp., Open Text Corp., Proofpoint Inc., SearchInform Ltd., Somansa Technologies Inc., Spirion LLC, Trend Micro Inc., Trustwave Holdings Inc. and Zecurion Inc.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation by deployment
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • Annex

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