Data Loss Prevention Market to be Worth $9.33 Billion by 2030: Grand View Research, Inc.
Grand View Research, Inc. predicts the global data loss prevention market will reach USD 9.33 billion by 2030 and grow at a 22.3% CAGR from 2023 to 2030. Data protection requires data loss prevention (DLP) technology.
Data discovery, policy enforcement, classification, monitoring, and incident response are typical. Depending on the organisation, DLP software is deployed on-premises or in the cloud.
User and Entity Behaviour Analytics, Cloud Access Security Brokers (CASBs), Artificial Intelligence, Machine Learning, Security Information and Event Management (SIEM), and DLP solutions help organisations improve data security, reduce risks, and protect sensitive data.
Key Industry Insights & Findings from the report:
The endpoint DLP segment is anticipated to observe a CAGR of 23.8% during the forecast period. Endpoint DLP solutions offer organizations greater visibility into the data transfer process and endpoint user activity. They provide centralized control interfaces for tracking and implementing data security policies across multiple devices.
The managed security services segment is anticipated to observe a CAGR of 24.6% during the forecast period. Managed security service providers utilize security analytics and reporting solutions to gain valuable insights from DLP data. They generate insights on incident trends, policy violations, and user behavior patterns, providing organizations with vital information.
The cloud-based segment is anticipated to observe a CAGR of 23.3% during the forecast period. Cloud-based DLP solutions prevent unauthorized access, data leakage, and data theft. Huge volumes of private data, including financial records, intellectual property, and consumer information, are handled via cloud systems which helps organizations to maintain control over data.
Small and Medium-sized Enterprises (SMEs) are anticipated to observe a CAGR of 23.2% during the forecast period. DLP solutions for SMEs provide faster setup, user-friendly interfaces, and economical pricing models. These solutions are scalable and can be adjusted to SMEs' specific needs and budgets, ensuring effective data protection while minimizing resource requirements.
The policy, standards and procedures segment is anticipated to observe a CAGR of 26.3% during the forecast period. Policy standards and regulatory scrutiny play a crucial role which helps in mitigating malicious attacks. A data loss prevention policy is essential to comply with reporting facts and data regulation in compliance audits.
The manufacturing segment is anticipated to observe a CAGR of 25.9% during the forecast period. Manufacturing companies employ a huge number of individuals that work with sensitive data on a regular basis. DLP solutions enforce data handling policies, prohibit illegal data transfers or downloads, and detect suspicious or unauthorized employee access attempts.
Asia Pacific region is expected to grow with the fastest CAGR of 24.6% from 2023 to 2030. Due to its massive population, expanding economies, and substantial digital infrastructure, the Asia Pacific region is a prominent target for cybercriminals. Ransomware, phishing attacks, and insider threats pose serious concerns to organizations in the region. DLP aids in the detection and prevention of these threats by monitoring data flows, analyzing user behavior, and performing risk-mitigation rules.
Cloud computing makes data protection harder. DLP solutions for cloud services help organisations enforce policies, track data access, and prevent data leakage. Remote work and BYOD have increased data loss and attack surface. Data loss prevention (DLP) solutions help companies secure data across remote endpoints in a distributed work environment.
Mobile devices' portability and connectivity pose data security issues. Organisations need mobile DLP solutions with secure content sharing, mobile application security, and data loss prevention. DLP helps companies meet data security and legal requirements.
They enforce industry- and data-compliant security standards. DLP solutions provide compliance and security to keep data safe and avoid legal and financial issues.
As quantum computing technology advances, DLP solutions will incorporate quantum-resistant encryption. Quantum-safe DLP protects data even when powerful quantum computers eliminate conventional encryption methods. In the future, DLP will include machine learning, AI, cloud security, and privacy-enhancing technologies. DLP solutions will adapt to new challenges to protect sensitive data and data security in the digital age.
Data Loss Prevention Market SegmentationÂ
Grand View Research has segmented the global data loss prevention market based on software, services, deployment, enterprise size, application, end-use, and region
Data Loss Prevention (DLP) Market - Software Outlook (Revenue, USD Billion, 2018 - 2030)
Network DLP
Endpoint DLP
Data Center/Storage based DLP
Data Loss Prevention (DLP) Market - Services Outlook (Revenue, USD Billion, 2018 - 2030)
Managed Security Services
Consulting Services
Others
Data Loss Prevention (DLP) Market - Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
On-premises
Cloud-based
Data Loss Prevention (DLP) Market - Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
Small And Medium Enterprise (SMEs)
Large Enterprise
Data Loss Prevention (DLP) Market - Application Outlook (Revenue, USD Billion, 2018 - 2030)
Encryption
Centralized Management
Policy, Standards and Procedures
Web, and Email Protection
Cloud Storage
Incident Response and Workflow Management
Data Loss Prevention (DLP) Market - End-use Outlook (Revenue, USD Billion, 2018 - 2030)
BFSI
IT and Telecommunication
Retail and Logistics
Healthcare
Manufacturing
Government
Others
Data Loss Prevention (DLP) Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
UAE
Saudi Arabia
South Africa
List of Key Players in Data Loss Prevention Market
BlackBerry
Broadcom, Inc.
CheckPoint
Cisco Systems, Inc.
Citrix Systems
CrowdStrike
Digital Guardian Inc.
IBM
Mcafee LLC
Microsoft
proofprint
SAP SE
Sophos Ltd.
Trend Micro
VMware, Inc
Got a news tip for our journalists? Share it with us anonymously here.
Send press releases to newsdesk@redwires.au. Other ways to contact us. Editorially, we may rewrite headlines and descriptions.
Recommend Redwires AU: Accessible News For Young Cybersecurity Aussies
Redwires AU provides Young Australians with easily accessible, curated cybersecurity news.
Before you go..
You can get RedWires AU for free right now. Your donation, no matter how big or small, will help us keep doing honest journalism.
The readers of Redwires AU are the engine that drives our publication. Add your support to the effort to create a sustainable future for journalism that does not make compromises in the AU.
In the world we live in now, accurate and thorough reporting and analysis are becoming more and more critical. To stop the spread of false information, it's essential that everyone in Australia has access to good reporting.
The Redwires AU contributes to society by opening up access to information and resources for all people, rather than just a select few.
Our only goal is to educate the general public more thoroughly. If you believe in what we're trying to accomplish here, please consider making a contribution right away to ensure our success in the years to come.
Upgrade your subscription to get the most out of it. Join the growing number of people around the world who believe in the power of independent media.