Data Loss Prevention Market Forecast, Trends, Growth Outlook, Industry Insights

The emergence of DLP technology provides both information technology and security staff a complete 360 degree perspective of a specific location, circulation and utilization of information across the company. For those concerned about lost revenues, fines, lost revenues etc. pertaining to data breaches, DLP puts all the opportunities of theft to rest. Enterprises concerned about their next audit and intend to maintain data compliance with complicated regulation trust DLP technology. The technology is boon for those trying to safeguard their proprietary data against security breaches caused by enhanced staff mobility and advent of innovative channels. Success of sensitive data protection in cloud and virtual models has created new opportunities for data loss prevention technology.

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Data loss prevention (or DLP) refers to the strategy that ensures end-users do not exchange or send critical data outside their corporate plexus. Term DLP, is also used to illustrate software products that empowers network administrators to put a check on what sensitive data end-users can exchange or transfer. These software products apply business precept to categorize and safeguard confidential and sensitive data so that unaccredited end-users cannot share information as such revelation could put a company at risk.

The technology recognizes sensitive information and automates encryption, when in use, rest or motion, thus preventing its circulation to third-party facilities or organizational structures. On the basis of geography, North America is likely to grow in terms of Data Loss Prevention market size, while markets such as LAMEA and APAC are anticipated to observe a rise in market propulsion with highest CAGRs during forecast period.

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Growing compliance and regulatory demands worldwide are the major components driving the market expansion of DLP market. Regulatory pressure from SOX (or Sabanese Oxley Act), HIPPA (also popular as Health Insurance Portability & Accountability Act) etc. has increased and resulted in the rising demand for DLP services among SMBs (or Small and Medium Business) and major brands.

The data loss prevention market by type stays promising as endpoint security market service providers are highly determined to curb information technology security risks, increasing BYOD trends among enterprises and rise in the frequency of internal data theft.

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Data Loss Prevention Market Key Segments -

By Type
• Data Center DLP
• Endpoint DLP
• Network DLP

By Application
• Cloud Storage
• Encryption
• Policy, Standards and Procedures
• Web and Email Protection
• Others

By Deployment
• On Premise
• Cloud Data Loss Protection

By Services
• MSS (Managed Security Services)
• Training and Education
• Consulting
• System Integration and Installation
• Threat and Risk Assessment

By Size
• Large Enterprises
• SMBs (or Small and Medium Business)

By Industry
• Defense & Intelligence
• Public Utilities & Government Bodies
• BFSI
• IT & Telecom
• Others

By Geography
• North America
• Europe
• APAC
• LAMEA

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Key market players in the market 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.

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