Press release
Global Data Loss Prevention Market to Reach $9.76 Billion by 2029, Growing at 27.5% CAGR
Data Loss Prevention Market
The growth of the data loss prevention market is anticipated to be driven by the rising instances of data breaches. A data breach is an unauthorised incident where confidential, sensitive or protected information is compromised, disclosed or accessed. Data loss prevention (DLP) refers to the procedure of identifying and averting data breaches, unauthorised movement of data, or accidental destruction of important information through the application of strategies and technologies to detect, stop, and lessen the loss or unauthorised access of sensitive data. For example, in April 2024, the Department for Science, Innovation and Technology, a UK government department, reported that around 22% of businesses and 14% of charities had witnessed cyber crime during the previous year. The percentages rise to 45% for medium businesses, 58% for large businesses, and 37% for charities with high income. On the other hand, out of the 50% of businesses and 32% of charities that reported encountering any cybersecurity breaches or attacks, just above two-fifths (44% of businesses and 42% of charities) were ultimately subjected to cyber crime. Thus, the escalating instances of data breaches are fuelling the growth of the data loss prevention market. The growth of the data loss prevention market is also predicted to be propelled by the rising adoption of cloud. Cloud adoption is the process where individuals, organizations, or enterprises begin to use cloud computing services for storing, managing, processing and retrieving data and applications over the internet. Cloud adoption can enhance data loss prevention (DLP) measures significantly by equipping organizations with advanced tools and capabilities to safeguard sensitive data stored in the cloud. For instance, in June 2022, the LXA (ManTech Alliance), a learning center based in the UK, stated that the total expenditure by end users on cloud services in 2020 stood at $270 billion. This figure increased by 23.1% in 2021, reaching an astounding $332.3 billion. Predictions indicate that this amount will further rise to $397.5 billion by 2022. Therefore, the accelerating adoption of cloud is driving the growth of the data loss prevention market.
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What is the projected compound annual growth rate (CAGR) of the data loss prevention market from 2025 to 2034, and what factors influence it?
The market size of data loss prevention has experienced substantial growth in the past few years. It is projected to escalate from $2.92 billion in 2024 to $3.7 billion in 2025, with a compound annual growth rate (CAGR) of 26.9%. The historical growth trend can be traced back to factors such as an increment in data breaches, surge in cloud computing adoption, sophistication of cyberattacks, and rising data volumes.
Anticipated to amplify significantly in the coming years, the size of the data loss prevention market is projected to rise to $9.76 billion in 2029, experiencing a compound annual growth rate (CAGR) of 27.5%. This growth during the predicted period can be linked to the expanding mobile workforce, heightened awareness regarding data security importance, the steady expansion of managed dlp services, and IOT growth. Noteworthy trends during this forecast duration involve zero trust architecture, data classification and tagging, behavioral analytics, and an integration with soar.
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How are the latest trends influencing the growth of the data loss prevention market?
Major firms in the data loss prevention market are bolstering their profitability by integrating advanced security solutions underpinned by generative AI technologies. These generative AI systems have the capability to create new content such as text, images, video, sound, code, or synthetic data, employing machine learning algorithms to understand patterns and structures. As an example, in June 2023, Zscaler Inc., an American enterprise offering data loss prevention services, rolled out enhanced security solutions equipped with generative AI utilities. Zscaler applies AI/ML or generative AI within its vast data reserves to anticipate breaches and recommend policies aimed at augmenting threat detection, prevention, and response measures.
What are the major segments of the data loss prevention market and their role in driving growth?
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
Subsegments:
1) By Managed Security Services: Continuous Monitoring, Incident Response
2) By Training And Education: Security Awareness Training, Compliance Training
3) By Consulting: Risk Assessment, Policy Development
4) By System Integration and Installation: Software Integration, Hardware Installation
5) By Threat And Risk Assessment: Vulnerability Assessment, Threat Analysis
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Which regions are key players in the growth of the data loss prevention market?
North America was the largest region in the data loss prevention market in 2024. 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.
Who are the key firms paving the way for growth in the data loss prevention market?
Major companies operating 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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What Is Covered In The Data Loss Prevention Global Market Report?
• Market Size Forecast: Examine the data loss prevention market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data loss prevention market for a structured understanding.
• Key Players Overview: Analyze major players in the data loss prevention market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data loss prevention market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data loss prevention market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data loss prevention market.
• Industry Challenges: Identify potential risks and obstacles affecting the data loss prevention market.
• Competitive Landscape: Review strategic developments in the data loss prevention market, including expansions, agreements, and new product launches.
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