Data Loss Prevention Market by Deployment and Geography - Forecast and Analysis 2022-2026

The predicted growth for the data loss prevention market share from 2021 to 2026 is USD 6.03 billion at a progressing CAGR of 23.78%.

This data loss prevention market forecast report extensively covers segmentations by:

• Deployment - Cloud-based and on-premise
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

The data loss prevention market report offers information on several market vendors, including Acronis International GmbH, Broadcom Inc., Check Point Software Technologies Ltd., CoSoSys Srl, Dell Technologies Inc., Digital Guardian Inc., Forcepoint LLC, GTB Technologies Inc., HelpSystems LLC, InfoWatch, Jive Software, McAfee Corp., Open Text Corp., Proofpoint Inc., SearchInform Ltd., Somansa Technologies Inc., Spirion LLC, Trend Micro Inc., Trustwave Holdings Inc., and Zecurion Inc. among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Data Loss Prevention Market Size be During the Forecast Period?

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Data Loss Prevention Market: Key Drivers, Trends, and Challenges

The growing use of the cloud for data storage is notably driving the data loss prevention market growth, although factors such as issues with the deployment of DLP solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the data loss prevention industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Data Loss Prevention Market Driver

The growing use of the cloud for data storage is one of the key drivers supporting the data loss prevention (DLP) market growth. Primarily, cloud services allow enterprises to invest reasonably in supporting and maintaining the infrastructure requirements to provide accessible data storage. Meanwhile, significant costs associated with the upkeep and operation of the existing infrastructure are handled by third-party providers, in turn reducing the burden on the organization's IT budget. Therefore, cloud computing reduces the total cost of ownership. This leads the enterprises to adopt DLP solutions to ensure that the sensitive data in the cloud is protected while the enterprise and its employees benefit from the efficiency and scalability of the cloud. Thus, the increasing adoption of cloud-based data storage solutions will propel the growth of the global DLP market during the forecast period.

Key Data Loss Prevention Market Trend

Use of IT analytics for preventing data loss is one of the key data loss prevention market trends contributing to the market growth. Typically, IT analytics is a powerful business intelligence and ad-hoc reporting tool that helps employees in an enterprise to access the DLP console to run reports. This unification will protect sensitive data from malicious or careless insiders and external hackers. However, the incorporation of IT analytics and DLP requires advanced analytics to determine the threat and deliver flexible solutions to respond appropriately, based on business processes and risk tolerance of the enterprise. In view of this, DLP vendors are increasingly adopting IT analytics to provide their customers with a hassle-free and safe experience, which is expected to propel the growth of the global DLP market during the forecast period.

Key Data Loss Prevention Market Challenge

Issues with the deployment of DLP solutions is one of the factors hampering the data loss prevention (DLP) market growth. The DLP solutions can have performance limitations when there are a large number of rules or definitions in them. For instance, due to many rules, McAfee Data Loss Prevention Endpoint 10.x and McAfee Data Loss Prevention Endpoint 9.x can have one or more issues including client computer policy update takes a long time to complete, and others. On the network side, the DLP tools that were originally designed for scanning outbound emails, when applied to real-time traffic, can suffer from too many performance limitations and false positives that can make real-time blocking difficult to implement. This could pose a threat to the growth of the data loss prevention (DLP) market during the forecast period.

This data loss prevention (DLP) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global data loss prevention (DLP) market as a part of the global data processing and outsourced services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the data loss prevention market during the forecast period.

Who are the Major Data Loss Prevention Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Acronis International GmbH
• Broadcom Inc.
• Check Point Software Technologies Ltd.
• CoSoSys Srl
• Dell Technologies Inc.
• Digital Guardian Inc.
• Forcepoint LLC
• GTB Technologies Inc.
• HelpSystems LLC
• InfoWatch
• Jive Software
• McAfee Corp.
• Open Text Corp.
• Proofpoint Inc.
• SearchInform Ltd.
• Somansa Technologies Inc.
• Spirion LLC
• Trend Micro Inc.
• Trustwave Holdings Inc.
• Zecurion Inc.

This statistical study of the data loss prevention market encompasses successful business strategies deployed by the key vendors. The data loss prevention market is fragmented and the vendors are deploying growth strategies such as brand, quality, and reliability to compete in the market.

Product Insights and News

• CoSoSys Srl - Under the unified segment, the company offers security products and features for device control, data loss prevention (DLP), and eDiscovery for Windows, macOS, and Linux, as well as the development of applications for portable storage device encryption and enhancement. 
• CoSoSys Srl - The company offers data loss prevention solutions such as Intellectual Property Protection, Personal Identifiable Information protection and Insider Threat Protection. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The data loss prevention market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Data Loss Prevention Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the data loss prevention market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Data Loss Prevention Market?

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for the data loss prevention market in North America. Market growth in this region will be slower than the growth of the market in APAC.

An increase in investments by DLP providers from European countries will facilitate the data loss prevention market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the outbreak of COVID-19 had a positive impact on the regional market. The pandemic gave rise to the work-from-home (WFH) culture across the region. This trend led to the generation of a high volume of data, which in turn required DLP solutions for the safe handling of voluminous data. Also, the healthcare sector has also generated a large volume of data since the outbreak of COVID-19. Thus, the increasing volume of data among different sectors across the region is expected to foster the demand for DLP solutions in the region during the forecast period.

What are the Revenue-generating Deployment Segments in the Data Loss Prevention Market?

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The data loss prevention market share growth by the cloud-based segment will be significant during the forecast period. Cloud-based DLP solutions are designed to protect enterprises that have adopted cloud storage for addressing business needs with efficiency and speed by ensuring that sensitive data is encrypted before being delivered to the cloud and is only sent to authorized cloud applications. Moreover, the cloud-based DLP helps enterprises to extend their DLP policies to the cloud to protect data loss from malicious insiders or hackers. Due to the increasing number of data breaches in the cloud, the average cost of a data breach is also increasing, which, in turn, is raising the demand for cloud-based DLP solutions. This factor will propel the DLP market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the DLP market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Data Loss Prevention Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive data loss prevention market growth during the next five years
• Precise estimation of the data loss prevention market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the data loss prevention industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of data loss prevention market vendors

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