Data Loss Prevention Market Size Is Expected to Grow by US$3.24 Billion from 2022 to 2027, Driven by Increasing Use of Cloud for Data Storage – Technavio

New York, October 1, 2023 /PRNewswire/–“Data loss prevention market Size by deployment (cloud-based and on-premises), technology (datacenter/storage-based DLP, endpoint DLP, network DLP), and geography (north america, EuropeAsia Pacific, south americaAnd The Middle East And Africa) – Forecast and Analysis Report 2023-2027 has been added to technavio offerings. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. Data Loss Prevention Market Potential Growth Difference from 2022 to 2027 3 US dollars.24 billion, According to Technavio. The increasing use of cloud for data storage is the major factor driving the market growth. Businesses use the cloud to store their data because it allows them to operate more efficiently. Data storage in the cloud is expected to increase due to the emergence of the Internet of Things and the need to reduce operating costs (OPEX). Moreover, to provide access to stored data, cloud services provide an attractive opportunity for companies to invest in infrastructure support and maintenance. In addition, the DLP solution ensures that corporate data is not transferred to the cloud via an unsupervised path and will only be transferred to approved cloud applications. Hence, these factors are expected to drive the market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, key factors driving growth, latest trends, and much more. Purchase the full report here

Market challenge

Threat from open source DLP solutions It represents a major challenge that restricts the growth of the market. Baobab represents a major threat to the DLP-based on-premises and cloud market with its open source solutions. In emerging countries such as India And ChinaIt is available to download and use for free on all platforms. Moreover, investing in expensive on-premises or cloud DLP solutions is not available to most SMEs in these economies. For example, GitHub, a web hosting service, offers OpenDLP, a free and open source, centrally managed, agent-based DLP engine that is widely distributed and published under the GPL. Hence, these factors are expected to limit the market growth during the forecast period.

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The DLP market is segmented by deployment (cloud-based and on-premises), technology (datacenter/storage-based DLP, endpoint DLP, network DLP), and geography (north america, EuropeAsia Pacific, south americaAnd The Middle East And Africa).

• Market share growth by The cloud-based part It will be great during the forecast period. To protect against data loss by hackers and hackers, cloud-based data loss prevention (DLP) helps businesses extend their security policies to the cloud. The average cost of a data breach has also risen, leading to increased demand for cloud-based data loss prevention solutions, due to the increasing number of data breaches in the cloud. In addition, to ensure that sensitive data can be accessed by authorized users, companies have put in place security measures. However, a number of organizations struggle to prevent data from being transferred via shared files, social media, cloud storage, or any type of digital application. Hence, these factors are expected to drive the growth of the sector during the forecast period.

• north america It is appreciated that you contribute 40% The growth of the global market during the expected period.

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Top Companies in Data Loss Prevention Market:

Acronis International GmbH, Aurea Inc., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CoSoSys Srl, Dell Technologies Inc., Forcepoint LLC, Fortra LLC, GTB Technologies Inc., InfoWatch, McAfee LLC, Open Text Corp., Proofpoint Inc., SearchInform Ltd., Singapore Tecommunication Ltd., Somansa Technologies Inc., Spirion LLC, Trend Micro Inc., and Zecurion Inc.

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table of contents:

Executive summary

Market view

Market sizing

Historical market volumes

Five forces analysis

Market segmentation by publishing

Market segmentation by technology

Market segmentation by geography

Customer scene

Geographic landscape

Drivers, challenges and trends

Company landscape

Company analysis

excess

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Source: Technavio