Cloud Data Loss Prevention Market Size & Analysis - Forecasts To 2025 By Application (Aerospace & Defence, Government & Public Utilities, Banking, Financial Services & Insurance, Telecommunication & IT, Healthcare, Retail & Logistics, Manufacturing, Other Verticals), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, and Competitive Landscape - Global Market Estimates
Cloud Data Loss Prevention Market Insights
The demand for cloud data loss prevention (DLP) is projected to grow at a high CAGR over the forecast period. Increased requirement for security in the aerospace & defence, government, BFSI, and telecommunication sector is projected to boost the demand for such solutions over the coming years.
These solutions are meant to detect and prevent data breach in order to avoid data loss. Cloud storage enables storing data remotely. This data can be managed, maintained, and backed-up remotely. Cloud storage is economical and therefore preferred by many enterprises. The need for DLP is expected to increase due to the growing preference for cloud services.
DLP software helps secure information from potential data breach by securing data that is in-use, in motion, and at-rest. The need to protect research material, private company data, intellectual property, financial statements, and account details is expected to increase the demand for cloud DLP.
Cloud Data Loss Prevention Market: Applications Insights
DLP is expected to gain high traction in aerospace & defence, government & public utilities, BFSI, telecommunication & IT, healthcare, retail & logistics, manufacturing, and other sectors.
The aerospace & defence and government sector holds security at utmost priority. Any kind of data breach can cause damage to a country. Therefore, cloud data loss prevention is very important in order to assure smooth functioning of a company’s or country’s operations.
Data loss in the banking & financial service industry can cause serious damage to the reputation of a company. Data loss can occur due to deletion of a program/file, data corruption, viruses, theft, or hacking.
Cloud Data Loss Prevention Market: Regional Insights
DLP solutions are opted for by almost all companies as they need to effectively secure their data. The North American and European demand for DLP solutions is projected to grow at a very high CAGR from 2017 to 2025. Growing investment by companies in developing advanced systems & softwares to prevent data loss is projected to boost the market growth.
Industrialization and globalisation in Asia Pacific, Central & South America, and the Middle East & Africa is projected to boost the number of companies expanding in these regions. The need for cloud DLP is expected to increase at a high rate in these regions. Growing GDP and expanding operations in developed & developing countries are anticipated to increase need for cloud DLP solutions.
Cloud Data Loss Prevention Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase cloud data loss prevention systems over the coming years. Some leading consumers of cloud DLP systems are Japan Ministry of Defence, JPMorgan Chase, and Barclays Investment Bank.
Cloud Data Loss Prevention Market: Competitive Landscape
Some of the companies operating in this market are Symantec Corporation, CA Technologies, RSA, Websense, Inc., Trend Micro Incorporated, Digital Guardian, Code Green Networks, Zecurion, and GTB Technologies, Inc. In October 2017, Google launched an application programming interface that can integrate data loss prevention interference into almost any data source or storage platform to hide data that needs to be protected.
Increasing use of DLP in order to secure emails, passwords, and prevent any data leak is expected to increase investments to develop solutions that constantly track malware and protect proprietary information. Organizations are anticipated to invest tremendous amounts in locking USB ports, Bluetooth controls, networks, and websites to prevent data loss.
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The global Cloud Data Loss Prevention Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cloud Data Loss Prevention Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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