The most recent study conducted by Report Ocean, titled “Global Data Loss Prevention Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Data Loss Prevention. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Data Loss Prevention Market is valued approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.2 % over the forecast period 2022-2028. Data loss prevention (DLP) is a technology that is active where information is being stored moved or used. It combines IRM (Information Right Management) with DLP for incredible data security. Organizations are concerned about their sensitive data and next audit data thus; the technology provides the security breaches. Data Loss Prevention refers to the security that ensures end-user do not exchange the sensitive data with others. This technology identifies the critical information and automatically encrypt the data. There were 26.7% of people of employees work remotely in 2021. According to GVR the global digital transformation market size evaluated at USD 608.72 billion in 2021.
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The worldwide growing regulatory is major factor driving the market of DLP. Also, the digitalization and remote working mode due to lockdown raised the market growth for protecting shared data to get accessed by another person. With the demand shifting towards personal and public cloud is increasing the growth of DLP. However, high demand of data transition has attracted the attention of hacker which may cause threat of data loss and cyber-attack which impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Data Loss Prevention market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America Data Loss Prevention Market is expected to be the largest market in terms of revenue. Factors as rapid adapting of big data and cloud technologies. Whereas, Asia Pacific is estimated to be fastest growing region in data loss prevention market due to the growing economies and larger investment in data protection projects due to the growing cyberattacks.
Major market players included in this report are:
GTB Technologies, Inc.
Code Green Networks
Symantec Corporation
Check Point Software Technologies Ltd.
Trustwave Holdings, Inc.
CA Technologies
Trend Micro Incorporated
Blue Coat Systems, Inc.
Cisco Systems
Websense, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Data Centre DLP
Endpoint DPL
Network DPL
By Application
Cloud Storage
Encryption
Policy
Standards and Procedures
Web and Email
Protection
By Deployment
On Premise
Cloud Data Loss Prevention
By Services
MSS
Management Security Service
Training and Education
Consulting
System Integration and Installation
Threat and Risk Assessment
By Size
Large Enterprises
Small and Medium Business
By Industry
Healthcare
Retail and Logistics
Defence and Intelligence
BFSI
IT and Telecom
Others
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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