Cloud DLP Market Size to Hit US$ 27.5 billion by 2031 at 28% CAGR

The global 𝐂𝐥𝐨𝐮𝐝 𝐃𝐋𝐏 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at $2.4 billion in 2021, and is projected to reach $27.5 billion by 2031, growing at a CAGR of 28% from 2022 to 2031. Rapidly rising cloud adoption and strict regulatory, compliance and enforcements have boosted the growth of the global cloud DLP market. However, dearth of awareness and education and enterprise budgetary constraints hinder the market growth. On the contrary, rise in data sprawl would unlock new opportunities in the future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 210 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A17137

Global cloud DLP provides automation to various functions of the global financial sector which include audit, risk & compliance management, BI & analytics applications, business transaction processing, customer experience, and enterprise IT. Apart from automating the functions, the applications also help in automating the analysis of huge chunks of quantified data which in turn helps in drafting organizational strategies and strategic decision making. Furthermore, the rising emergence of demand for digital channels for Banking and enhanced customer services offered by cloud DLP is driving the growth of the market. In addition, the surging demand for workforce optimization solutions is fueling the growth of the cloud DLP market. However, increasing the cost of deployment and adhering to different political factors and regulatory compliances limit the growth of this market. Conversely, growing investment in big data, mobility, and cloud technologies by the fintech companies is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

Depending on the enterprise size, the large enterprise segment dominated the cloud DLP market share in 2021 and is expected to continue this trend during the forecast period, owing to the increase in dependence on cloud DLP solutions due to rapidly growing digital data availability in the form of consumer profiles, customer feedback, social media interactions, and others. However, the SMEs segment is expected to witness the highest growth in the upcoming years, owing to the increase in investments by the market players to develop security cloud services for SMEs.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/cloud-dlp-market/purchase-options

By enterprise size, the SMEs segment is projected to manifest the highest CAGR of 29.3% from 2021 to 2030, due to the increased the adoption of cloud security services by SMEs. However, the large enterprises segment held the largest share in 2021, accounting for nearly two-thirds of the global cloud DLP market, owing to rapidly growing digital data availability in the form of consumer profiles, customer feedback, and social media interactions, among others.

Region-wise, the cloud DLP industry was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the rising adoption of self-service across their merchandising and service segments to enhance their customer engagement, and government initiatives promoting digitization and smart city development aiding the growth of the cloud DLP market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to expanding access to financial services for more people means a higher growth rate over the region, which is expected to fuel the market growth in this region.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐙𝐬𝐜𝐚𝐥𝐞𝐫, 𝐈𝐧𝐜., 𝐋𝐨𝐨𝐤𝐨𝐮𝐭, 𝐈𝐧𝐜., 𝐂𝐈𝐒𝐂𝐎 𝐒𝐘𝐒𝐓𝐄𝐌𝐒, 𝐈𝐍𝐂., 𝐙𝐞𝐜𝐮𝐫𝐢𝐨𝐧, 𝐌𝐜𝐀𝐟𝐞𝐞, 𝐋𝐋𝐂, 𝐂𝐇𝐄𝐂𝐊 𝐏𝐎𝐈𝐍𝐓 𝐒𝐎𝐅𝐓𝐖𝐀𝐑𝐄 𝐓𝐄𝐂𝐇𝐍𝐎𝐋𝐎𝐆𝐈𝐄𝐒 𝐋𝐓𝐃., 𝐍𝐞𝐭𝐬𝐤𝐨𝐩𝐞, 𝐅𝐨𝐫𝐜𝐞𝐩𝐨𝐢𝐧𝐭, 𝐇𝐞𝐥𝐩/𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐋𝐋𝐂, 𝐁𝐫𝐨𝐚𝐝𝐜𝐨𝐦 𝐈𝐧𝐜

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A17137

By region, the market across North America dominated in 2021, accounting for nearly two-fifths of the global cloud DLP market, owing to increasing activities of data breaches in various sectors. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 30.1% during the forecast period, owing to the accelerating need for data protection in Asia-Pacific and cloud-based DLP applications in Asian countries such as India, Japan, Indonesia, South Korea, and Vietnam.

Moreover, as a result of the COVID-19 lockdowns, the companies started to switch to remote working environments, and an unprecedented number of people are now making usage of mobile devices as their primary communications device, thereby creating more endpoints for the organization to secure from the rising cyber threats. These factors are expected to boost cloud DLP market forecast growth during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A17137

By industry vertical, the BFSI segment held the largest share in 2021, contributing to nearly one-fourth of the global cloud DLP industry. Due to rise of the internet and digital trends, most individuals are turning cashless, and all financial transactions are done through credit card scanners, online checkout pages, and mobile phones. This boosts the growth of the segment. However, the retail and consumer goods segment is expected to manifest the highest CAGR of 33.0% during the forecast period, owing to the increase in the need for stronger asymmetric encryption for retail sectors.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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U.S. Smart Cities Market - https://www.alliedmarketresearch.com/us-smart-cities-market-A06842

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