Business organizations are grabbing the new market opportunities by incorporating new technological trends such as digital marketing, e-commerce, etc., which has given the rise to the need for cyber security. Cyber security tackles the increasing number of cyber-attacks and prevents data loss. It is a comprehensive data security solution and a preventive measure in response to data breaches. The global data loss prevention market is expected to grow at CAGR of 23% during 2016-2023. Factors impacting the global data loss prevention market include:
- Adoption of cloud computing across various industries
- Increasing enterprise mobility
- Regulatory compliance for data protection
- Increasing data theft cases across the world
- Rising internet penetration across the world
The rising demand for data security and rising compliance with government regulations are the key driving factors for global data loss prevention (DLP) market. The major regulations contributing to the growth of global data loss prevention market include, HIPPA (Health Insurance Portability and Accountability Act), SOX (Sabanes-Oxley Act). Data loss prevention solutions can be used to prevent internal data loss as well as ensure compliance with government regulations. The changing paradigm of data loss risk is likely to drive the increasing demand for security. End users, in many case do not realize the risk associated with sending sensitive data through unencrypted emails, instant messages, webmail and file transfer tools. These accidental disclosures through electronic transmissions have led to the rising need for DLP solutions. DLP solutions can be quite expensive to maintain; in addition to the technology component, the organization should also have enough compliance officers on staff to be able to monitor quarantined messages in a timely fashion. Also, managing data loss is itself a challenge as there are so many reasons why data loss can occur, numerous data loss scenarios to account for and many different controls that must be effective in order to manage the problem. Deployment complexity and cost, performance issues, complex data protection rules are some of the factors restraining the global DLP market. While factors such as data loss insurance and development of data storage platform such as Hadoop are some of the opportunities for the global DLP market.
Source: OBRC Analysis
The global data loss prevention market is segmented into solutions, applications, deployment type, service, industrial verticals. Based on solution, the market is sub segmented into:
- Network DLP
- Storage/data center DLP
- Endpoint DLP
On the basis of application, the market is sub segmented into:
- Encryption
- Centralized management
- Policy, standards, and procedures
- Web and email protection
- Cloud storage
- Incident response and workflow management
On the basis of deployment, the market is sub segmented into:
- On-Premises
- Cloud DLP
On the basis of service, the market is sub segmented into:
- Consulting services
- System integration and installation services
- Managed security services
- Education and training services
- Risk and threat assessment
On the basis of industrial verticals, the market is sub segmented into:
- Aerospace, defense, and intelligence
- Government and public utilities
- Banking, financial services, and insurance
- Telecommunication and IT
- Healthcare
- Retail and logistics
- Manufacturing
- Other verticals
The revenue for the above application and industrial vertical segments is specific to the data loss prevention market. However, the total revenue of these application and verticals in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up service and solution segment.
Geographically, the global data loss prevention market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America dominated the global DLP market in 2014 and is expected to dominate during the forecast period due to the increasing adoption of big data and cloud technologies. Asia Pacific and Europe are anticipated to gain significant growth in the global DLP Market. Developing countries in Asia Pacific are improving their IT infrastructure to enable the business organization to leverage the opportunities from online businesses. In Europe, rising number of data centers especially in Germany and France have shown significant interest in cloud. Asia Pacific is expected to experience sustainable growth due to high demand of data loss protection software and increasing security attacks.
The global data loss prevention market is segmented on the basis of solutions, applications, deployment type, service, industrial applications. On the basis of verticals, the global DLP market is further segmented into aerospace, defense & intelligence, BFSI, healthcare, telecom &IT, retail & Logistics, manufacturing. On the basis of application, global DLP market is further segmented into encryption, centralized management, web & email procedures, cloud storage and incident response & workflow management. On the basis of application, cloud storage is expected to lead the global DLP market during the forecast period.
The major market players of the global data loss prevention market are:
- APPTEC360 DEGREE
- BAE SYSTEMS
- BLUE COAT
- CHECK POINT
- DIGITAL GUARDIAN
- TB TECHNOLOGIES, INC.
- OTHERS
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launching. For example: Digital Guardian acquired Code Green networks on May 30, 2017. Code Green Network is a provider of data loss prevention solution for networks, mobiles and clouds. These DLP solution locates sensitive data residing on databases and network server also including data in the cloud. This acquisition helped digital guardians to strengthen its offering of ubiquitous data protection and endpoint data loss prevention from insider and outsider threats and cyber-attacks. Similarly, Microsoft acquired Secure Islands Technologies in December 2015.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as acquisition, as in December 2015, Microsoft acquired secure Islands technologies.
- Provide in detail the different segments such as by application, service and verticals which are affecting market.
- Provide you the patent analysis of the data loss prevention market.
- Identify and understand the strengths, opportunities, challenges and threat of the global data loss prevention market.
- Provide revenues of major players of the market such as Apptec360 degree
- BAE systems.
- Provide you the various regulatory policies which affect the global DLP market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global data loss prevention market offers the longest chain of market segmentation covering major segmentation based on application and services. The report tracks the major market trends in the global data loss prevention market such as growing number of data breaches and need to remit and so on. For each market segments covered in global data loss prevention market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the data loss prevention industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global data loss prevention market.
- North America had the largest revenue share in 2016.
- Acquisition is the key strategy adopted by the various market players of global data loss prevention market.
- Aerospace, defense and intelligence sector is the major segment of verticals.
