World Data Loss Prevention Market: Strategies, Application & Opportunities

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.

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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 market size, while markets such as LAMEA and APAC are anticipated to observe a rise in market propulsion with highest CAGRs during 2014-2020.

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.

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The 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.

The prominent players in the domain includes Digital Guardian, Zecurion, CA Technologies, Symantec and more. Major market players are expected to develop highly advanced and user friendly solutions to empower companies with required tools to curb data-thefts and thereby, build significant industry traction during the forecast period 2014-2020.

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