Data Loss Prevention Market Is Expected To Boom Worldwide By 2026

Data loss prevention software is used for data protection. It can be utilized to detect potential theft such as Torjan horses that transfer confidential data outside of the network. Moreover, it also provides software solutions to monitor and block confidential data or network traffic or storage condition by providing standard security software solutions, which includes firewalls and intrusion detection systems (IDSs). For instance, firewalls can be utilized to protect confidential information from outsider’s access and to detect the attempt of intrusion by outsider an intrusion detection system is used.

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Demand for data loss prevention solutions is increasing significantly due to rising cyber-attacks. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8% recorded in June. Cyber Espionage slides to 10.1% from 15.6% of June whereas Cyber Warfare plummets to 4.3% from 9.4%. Banking and financial sector is the major sector in cyber security market. This is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. Increasing utilization of mobile devices and high adoption of Internet by consumers are expected to escalate the overall market growth.

For instance, according to Coherent Market Insights analysis, in 2016 over 68% of global population was already using mobile phones. Industries including banking, finance and insurance, government and military, and retail and manufacturing is another factor fueling growth of the market. For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015 the number of frauds were 13,083 and 9,500 in the year 2013 –14, reported by RBI. 

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Key Vendors of Data Loss Prevention Market: Symantec Corporation, CA Technologies, BAE Systems, Websense, Inc., Trend Micro Incorporated, Digital Guardian, Code Green Networks, Trustwave Holding, Inc., Zecurion, and GTB Technologies, Inc.

Data Loss Prevention Market Taxonomy

On the basis of solutions, the global data loss prevention market is segmented into:

Network Data Loss Prevention
Endpoint Data Loss Prevention
Data Center Data Loss Prevention

On the basis of services, the global data loss prevention market is segmented into:

System Integration & Installation
Managed Security Services (MSS)
Education & Training
Consulting
Risk & Threat Assessment

On the basis of deployment model, the global data loss prevention market is segmented into:

On-Premise
Cloud Data Loss Prevention

On the basis of organization size, the global data loss prevention market is segmented into:

Small and Medium Businesses
Large Enterprises

On the basis of application, the global data loss prevention market is segmented into:

Cloud Storage
Encryption
Policy, Standards & Procedures
Centralized Management
Web & Email Protection
Incident Response & Workflow Management

On the basis of end user industry, the global data loss prevention market is segmented into:

Banking, Financial Services and Insurance (BFSI)
Aerospace, Defense & Intelligence
Government and Public Utilities
Retail, Manufacturing & Logistics
Telecomm and IT
Healthcare
Others

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This release was published on openPR.