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Enterprise Data Loss Prevention Market - Forecasts from 2021 to 2026

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    Report

  • 114 Pages
  • November 2021
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5510699

The global enterprise data loss prevention market is projected to grow at a CAGR of 21.03% to reach US$6.265 billion by 2026, from US$1.647 billion in 2019.



Data Loss prevention is a set of processes and tools which are used to ensure unauthorized or sensitive data is not misused, accessed, or lost by any unauthorized users. The data loss prevention software’s classifies confidential, regulated, and business-critical data and detects a violation of policies are set by the organization and once those violations are breached, the data loss prevention software enforces remediations with alerts, encryptions, and other protective actions to prevent unauthorized users to access the information or sharing data that might put the organization at a risk.

When formulating a data security strategy, organizations need control over all their sensitive data regardless of the location – across multiple clouds, applications, endpoints, and several network traffic They also need to be controlled access to cooperate resources and figure out how data is being shared and protect the data from cyber threats and unintentional exposure which becomes a hefty task for organizations so it is crucial for companies to put a solid data loss prevention strategy in place which can secure the data while at rest, is in use, and motion.

The enterprise data loss prevention market is highly driven by the escalating demand for an optimized solution with a spike in cybersecurity threats to enterprises. The increasing rate of data breaches along with other factors such as DLP as a service, DLP functionality extending into the cloud, and advanced threat protection against these data breaches are the major factors driving the enterprise data loss prevention market. Also, the rising demand for a growing amount of both structured and unstructured data, digital assets, and the increasing need for data security services with a major focus on data-centric organizations or enterprises have led to the growth of the enterprise data loss prevention market. Many Fortune 500 companies have invested in the data loss prevention market for quite a few years.

Data loss prevention is mainly used in industry sectors such as healthcare, manufacturing communication and technology, and government. Furthermore, with the increasing rate of cyber threats, data loss prevention solution providers are targeting the service and adversary companies dealing with a wide range of end-user industries. According to Cisco Systems, in 2016 the global IP data traffic has increased from 96,054 petabytes to 150,910 petabytes per month in 2018 and is anticipated to reach 278,108 petabytes per month by 2021. Also, the growing volume of Big Data across all the enterprises is gaining maturity

All these factors have been leading to the growth of the enterprise data loss prevention market in the forecast period.


Key Developments

 


Menlo Security launches industry-first secure Web gateway with an isolation core

Menlo Security, the leader in cloud security launched an industry-first secure web gateway to include web isolation for mobile devices which will eliminate the threat of malware and phishing attacks while accessing the web and email through their smartphones and tablets.


Restraints

 


High cost of implementation and performance issues

One of the major downsides of data loss prevention is the cost of implementation as the traditional DLP mainly hardware-based solutions are comparatively expensive. It may need professional service support from the vendor which may run into thousands of dollars for bigger enterprises. Also, there may be additional utilities or integration needed either from a third-party or the vendor itself which are sometimes sold as separate modules or appliances adding to the overall cost.

Another disadvantage of DLP is that if used inappropriately could hamper the productivity for security. Meaning, the DPL installation can be heavy on the user or network and can slow things down, generate weird application behavior, or could even crash down systems. Also, by keeping important data ‘hostage’, DLP disrupts the free flow of information inside your organization, creating barriers and additional hops that might affect productivity and efficiency.


Impact of COVID–19 on the enterprise data loss prevention market

The COVID-19 pandemic has had a great impact on the world as a whole and has led to economic breakdown and loss of life. The impact of COVID-19 on the enterprise data loss prevention market has been positive as many of the industries and enterprises have gone digital with their data due to the ongoing pandemic where industries and enterprises were shut due to the restrictions imposed by the governments.

This has also given a rise to the number of cyber-attacks and breaches during this period due to which the adoption of data loss prevention software has become a necessity for all enterprises. This has led to the growth of the enterprise data loss prevention market. Also, the healthcare industry has shown prominent growth in this pandemic, which has been one of the prime factors for the growth of the data loss prevention sector. This growth has accounted for the increasing use of data loss prevention software in the healthcare industry which has led to the growth of this industry in the COVID-19 pandemic.


Market Segmentation

By solutions, the enterprise data loss prevention is segmented into the network, storage/data center, endpoint, services, consulting, system integration, training, and others.

By deployment model, the enterprise data loss prevention is segmented into on-premise and cloud. The cloud segment is anticipated to grow because cloud data loss prevention provides a solution for email, USB drivers, laptops, and mobile phones.

By organization size, enterprise data loss prevention is segmented into small, medium, and large enterprises. Data loss prevention is expected to uphold in large enterprises owing to the increased risk of data loss than small or medium industries which hold less data as compared to larger enterprises and hence less risk.

By industry vertical, the aerospace and defense, BFSI, communication and technology, government, healthcare, manufacturing, and other industries are anticipated to grow at a high CAGR owing to the increasing use of enterprise data loss prevention in the flourishing industries. The enterprise data loss prevention is anticipated to grow owing to its high demand in the healthcare industry as it uses the cloud for backup and data recovery and the rapidly increasing electronic health/medical record are demanding larger security against cyberattacks therefore the increase in the demand for data loss prevention. Protection of confidential data like patient’s name, address, medical conditions requires advanced data loss prevention tools which leads to its growth.

By geography, the North American region is anticipated to grow at a fast rate owing to the increasing data breaches in many industry systems which will account for the growth of data loss prevention in the region. According to a study conducted by Identity Theft Resource Center (ITRC), this region witnessed more than 1,244 data breaches in 2018, which led to the exposure of more than 445 million exposed records. This has led to the growth of enterprise data loss prevention in the region.


Segmentation:

 


By Solutions

  • Network
  • Storage/Data Center
  • Endpoint
  • Services
  • Consulting
  • System Integration
  • Training
  • Others

By Deployment Model

  • On Premise
  • Cloud

By Organization Size

  • Small
  • Medium
  • Large

By Industry Vertical

  • Aerospace and Defense
  • BFSI
  • Communication and Technology
  • Government
  • Healthcare
  • Manufacturing
  • Others

 By Geography

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific
Frequently Asked Questions about the Enterprise Data Loss Prevention Market

What is the estimated value of the Enterprise Data Loss Prevention Market?

The Enterprise Data Loss Prevention Market was estimated to be valued at $1.65 billion in 2019.

What is the growth rate of the Enterprise Data Loss Prevention Market?

The growth rate of the Enterprise Data Loss Prevention Market is 21.0%, with an estimated value of $6.27 billion by 2026.

What is the forecasted size of the Enterprise Data Loss Prevention Market?

The Enterprise Data Loss Prevention Market is estimated to be worth $6.27 billion by 2026.

Who are the key companies in the Enterprise Data Loss Prevention Market?

Key companies in the Enterprise Data Loss Prevention Market include Secure Data Recovery Services, Broadcom (CA Technologies), RSA, Websense (Raytheon), Trend Micro Incorporated, Digital Guardian, Trustwave Holdings Inc and GTB Technologies Inc..

Table of Contents

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. ENTERPRISE DATA LOSS PREVENTION MARKET, BY SOLUTION
5.1. Introduction
5.2. Network
5.3. Storage/ Data Center
5.4. Endpoint
5.5. Services
5.6. Consulting
5.7. System Integration
5.8. Training
5.9. Others
6. ENTERPRISE DATA LOSS PREVENTION MARKET, BY DEPLOYMENT MODEL
6.1. Introduction
6.2. On-Premises
6.3. Cloud
7. ENTERPRISE DATA LOSS PREVENTION MARKET, BY ORGANIZATION SIZE
7.1. Introduction
7.2. Small
7.3. Medium
7.4. Large
8. ENTERPRISE DATA LOSS PREVENTION MARKET, BY INDUSTRY VERTICAL
8.1. Introduction
8.2. Aerospace and Defense
8.3. BFSI
8.4. Communication and Technology
8.5. Government
8.6. Healthcare
8.7. Manufacturing
8.8. Others
9. ENTERPRISE DATA LOSS PREVENTION MARKET, BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. United States
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. Germany
9.4.2. France
9.4.3. United Kingdom
9.4.4. Spain
9.4.5. Others
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.5.2. UAE
9.5.3. Israel
9.5.4. Others
9.6. Asia-Pacific
9.6.1. China
9.6.2. India
9.6.3. South Korea
9.6.4. Taiwan
9.6.5. Thailand
9.6.6. Indonesia
9.6.7. Japan
9.6.8. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrative
10.3. Mergers, Acquisition, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Secure Data Recovery Services
11.2. Broadcom (CA Technologies)
11.3. RSA
11.4. Websense (Raytheon)
11.5. Trend Micro Incorporated
11.6. Digital Guardian
11.7. Trustwave Holdings Inc.
11.8. Zecurion
11.9. GTB Technologies Inc.

Companies Mentioned

  • Secure Data Recovery Services
  • Broadcom (CA Technologies)
  • RSA
  • Websense (Raytheon)
  • Trend Micro Incorporated
  • Digital Guardian
  • Trustwave Holdings Inc
  • Zecurion
  • GTB Technologies Inc.