Data Loss Prevention Market Size, Share, Industry Analysis, Segments And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Data Loss Prevention Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.6 billion In 2028 At A CAGR Of 27.1% :

The data loss prevention market size has grown exponentially in recent years. It will grow from $2.3 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 27.0%. The growth in the historic period can be attributed to increasing data breaches, rising adoption of cloud computing, growing sophistication of cyberattacks, increasing data volumes.

The data loss prevention market size is expected to see exponential growth in the next few years. It will grow to $7.6 billion in 2028 at a compound annual growth rate (CAGR) of 27.1%. The growth in the forecast period can be attributed to growing mobile workforce, growing awareness of the importance of data protection, continued growth of the managed dlp services, iot growth. Major trends in the forecast period include zero trust architecture, data classification and tagging, behavioral analytics, integration with soar.

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Data Loss Prevention Market Major Segments
The data loss prevention market covered in this report is segmented -

1) By Service: Managed Security Services; Training And Education; Consulting; System Integration And Installation; Threat And Risk Assessment
2) By Solution: Network Data Loss Prevention; Endpoint Data Loss Prevention; Datacenter Or Storage-Based Data Loss Prevention
3) By Deployment: On-Premises; Cloud-Based
4) By End-User Industry: Information Technology (IT) And Telecommunication; Banking, Financial Services And Insurance (BFSI); Government; Healthcare; Manufacturing; Retail And Logistics; Other End-User Industries

Key Driver - Rising Data Breaches Fuel Demand For Data Loss Prevention Solutions

The surge in data breach cases is expected to propel the growth of the data loss prevention market going forward. A data breach is an incident in which sensitive, confidential, or protected information is accessed, disclosed, or compromised without authorization. Data loss prevention (DLP) is the practice that involves identifying and stopping data breaches, unauthorized data movement, or the unintended destruction of sensitive information by implementing strategies and technologies to detect, prevent and mitigate the loss or unauthorized access of sensitive data. For instance, in January 2022, according to the Identity Theft Resource Center, a US-based nonprofit organization, the total count of data breach cases accounted for 1,862 in 2021 and has risen by over 68% compared to 2020. Therefore, the surge in data breach cases is driving the growth of the data loss prevention market.

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Prominent Trend - Emphasis On Generative Ai Utilization In Data Loss Prevention

Major companies operating in the data loss prevention market are adopting advanced security solutions powered by generative AI technologies to increase their profitability in the market. Generative AI technologies are artificial intelligence systems that can generate new content, such as text, images, video, audio, code, or synthetic data. Machine learning algorithms are used in these technologies to learn patterns and structures. For instance, in June 2023, Zscaler Inc., a US-based company that provides data loss prevention services, launched advanced security solutions integrated with generative AI tools. Zscaler uses AI/ML or generative AI in its enormous data pool to forecast breaches and advocate policies to improve threat detection, prevention and response.

Data Loss Prevention Market Players
Major players in the data loss prevention market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., SAP SE, BAE Systems PLC, Thales Group, VMware Inc., Fortinet, Citrix Systems Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., Proofpoint Inc. , RSA Security LLC, BlackBerry Ltd., Forcepoint LLC, Idera Inc., Trustwave Holdings Inc., McAfee Inc., Sophos Ltd., CA Technologies Inc., Netskope Inc., CoSoSys Ltd., Code Green Networks Inc., Zecurion DLP, Avanan Inc., GTB Technologies Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the data loss prevention market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in data loss prevention market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Loss Prevention Market Report Structure
3. Data Loss Prevention Market Trends And Strategies
4. Data Loss Prevention Market - Macro Economic Scenario
5. Data Loss Prevention Market Size And Growth
…..
27. Data Loss Prevention Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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