Market Overview
This report predicts the enterprise data loss prevention software market growth rate over the estimated timeframe, which is USD 3.2 Billion at the end of 2030. The global market is expecting to grow at 21.80% CAGR in the forecast period of 2030.
The enterprise data loss prevention software is an essential part of corporate sectors. This software helps in monitoring and protecting valuable business information and assets. Data loss prevention is every organization's security strategy, which ensures all the sensitive and confidential information does not get leaked in any unsafe or non-compliant way outside of the firm's internal network. The software works in real-time and uses technologies that perform both content inspection and contextual analysis of data sent via email or other instant messaging applications that work in motion over the network.
The Global Enterprise Data Loss Prevention Software Market is growing due to the increasing instances of data breaches. The world's emerging economies are focusing on data loss protection solutions such as data loss prevention service, data loss prevention functionality extending into the cloud that can provide advanced threat protection.
With the increasing demand for digital assets, the EDLPS Market is growing because of structured and unstructured data. This propels the need for data protection services, especially for data-centric organizations. The report explains the major factors affecting the global market growth by analyzing the global Enterprise Data Loss Prevention Software Market. The report briefly analyzes the current global market scenario as well as the key players and competitive landscape analysis for the worldwide Enterprise Data Loss Prevention Software Market.
COVID 19 Impacts on the Global Market
Just like any other marketing sector, Enterprise Data Loss Prevention Software Market has also experienced a huge impact due to the COVID-19 pandemic. The COVID-19 pandemic outbreak in various market regions across the world had resulted in a number of organizations working remotely. According to Enterprise Data Loss Prevention Software Market Analysis, more and more conventional workplaces shifted to continue business from home. The workflow was severely affected by the telework policies. This resulted in the market experiencing a halt in getting and availability of EDLPS services. The market revenue generated from the delivery of services was significantly affected because of COVID-19.
Even though the first half of the year 2020 suffered a great shrink in the market size, the global market demand started rising after the lockdown relaxation in the latter half. With the combined efforts of the major market players and industrialists, various strategies were applied to increase the market growth in the later period while abiding by the World Health Organization's COVID-19 safety regulations.
Market Dynamics
Key Market Drivers
- The major key market drivers among the Enterprise Data Loss Prevention Software Business are analyzed with regard to the growing competition between the businesses and the growing demand for improved Enterprise Data Loss Prevention Software. Due to the flexibility and provision for customized, comprehensive solutions for every specific business sector, the major market drivers significantly influencing the growth of the Enterprise Data Loss Prevention Software Market.
Significant Opportunities For The Market
- With the Enterprise Data Loss Prevention Software Market Segments, it can be seen that an increasing number of organizations prefer to use DLP software. The Enterprise Data Loss Prevention Software Market Players come up with innovative processes to reduce the proliferation of confidential data with the enterprise data centers. The software can identify broken business processes that might be transmitting sensitive data, monitor and protect communications that have sensitive content while being on public websites. All these aspects are projecting significant opportunities for the growth of the global market.
Global Market Restraints
- According to the Enterprise Data Loss Prevention Software Market Analysis, it can be expensive for some small industries and companies to incorporate innovative technologies. Such technologies can provide them with the highest accuracy with reliable solutions. Since the market key players are not ready to compromise with their security systems, they opt to change their security strategies to avoid such restraints.
Challenges for the Global Market
- Even though the DLP software avails advanced and additional features that are capable of providing tight security to your corporate data, they are more costly with premium options. According to the Enterprise Data Loss Prevention Software Market sales report, such premium features bring challenges to the Global Market.
Cumulative Growth Analysis of the Global Market
- The extending demand for the DLP software in the global market is predicted to achieve an Enterprise Data Loss Prevention Software Market size of 21% CAGR for the year 2023. The major competitors and market players are taking innovative steps and beneficial approaches to increasingly go forward with the prediction. With their combined effort, the Enterprise Data Loss Prevention Software Market size is significantly increasing for the forecast period in comparison to the previous year's market analysis.
Technology Analysis of the Global Market
The technological deployment of the DLP software is segmented into on-cloud and on-premises. With various industrial sectors adapting to technological utilization, the software implementation influencing the Enterprise Data Loss Prevention Software market immensely. The cutting-edge user-driven data loss prevention technology is highly incorporated in the IT and telecom, healthcare, and banking sectors.
Market segmentation Overview
Segmented by solution
- Based on the various types of segmentation, Global Enterprise Data Loss Prevention Software Market is segmented by different solution types that involve Endpoint DLP, Storage and Data center DLP, and network DLP.
- Such Enterprise Data Loss Prevention Software Market Segments provide premium quality and useful for diverse applications services, which helps in growing the software's demand in the global market.
Segmented by services
- The Enterprise Data Loss Prevention Software Market is further segmented according to given services that include consulting, system integration and installation, and managed security services.
- With the involvement of various technological advancements, the Enterprise Data Loss Prevention Software Market sales experienced massive growth in generating high revenue globally.
Segmented by Deployment type
- The global Enterprise Data Loss Prevention Software Market is again segmented on the basis of deployment type, which includes software systems such as On Cloud, On-Premises, and many others. Since such technological applications were made implemented in various sectors, EDLPS Market experiences a noticeable growth in its chain value.
Segmented by applications
- Enterprise data loss prevention software has diverse applications across varieties of industrial sectors. Thus, the Enterprise Data Loss Prevention Software Market is further segmented on the basis of application. Some of the important applications include BFSI, IT and Telecom, healthcare, government, manufacturing, and many others.
Segmented by End-users
- Furthermore, the Enterprise Data Loss Prevention Software Market is segmented according to various end-used such as enterprise data loss prevention software companies, cloud service providers. Professional service providers, enterprise data loss prevention software providers, research and development companies, market research and consulting firms, solution providers, technology standards organizations, technology investors, system integrators, etc. This segmentation by end-users effectively provides more scopes to the Enterprise Data Loss Prevention Software Business.
Regional Analysis
This report provides a holistic assessment of regions of the Enterprise Data Loss Prevention Software market, which include North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, etc. The key aspects of Enterprise Data Loss Prevention Software Market Size regarding their total sales accounted for every region as well as their market shares are also mentioned in this report.
Over the study period, each region's market growth rate alongside revenue share projections by the end of the forecast duration are also cited in the report. North America is reportedly one of the leading regions across the world that generated the maximum market share in the global market due to its huge demand in sectors including healthcare, banking, and others.
Competitive Landscape Analysis
This market study entails a thorough assessment of competitive landscape analysis of Enterprise Data Loss Prevention Software Market. Some of the major key players are:
- Dell EMC (U.S.)
- Hewlett-Packard Company (U.S.)
- McAfee Inc.( U.S.)
- Symantec Corporation (U.S.)
- Cisco Systems Inc.( U.S.)
- Digital Guardian (U.S.)
- Somansa Technologies Inc. (U.S.)
- Fidelis Cybersecurity (U.S.)
- Forcepoint LLC (U.S.)
- GTB Technologies Inc. (U.S.)
- Others
Recent Developments
February 14, 2024:
McAfee Extends Data Protection Portfolio with Enhanced Cloud DLP Capabilities
McAfee, a leading cybersecurity company, announced an extension to its Data Loss Prevention (DLP) portfolio with enhanced cloud DLP capabilities. This update focuses on improved data discovery, classification, and protection across cloud applications.
January 31, 2024:
Gartner Identifies Top Trends in Data Security for 2024, Highlighting the Importance of DLP
Gartner, a leading research and advisory firm, published its annual report on the top data security trends. The report emphasizes the growing importance of Data Loss Prevention (DLP) solutions in addressing evolving cyber threats and data security concerns.
December 12, 2023:
Palo Alto Networks Announces Integration of Prisma Cloud with Expanse for Streamlined DLP
Palo Alto Networks, a cybersecurity vendor, announced the integration of its Prisma Cloud platform with Expanse, offering a unified solution for Cloud Security Posture Management (CSPM) and Data Loss Prevention (DLP) functionalities.
Report Overview
The comprehensive study of the Software Analytics Market has covered all the below aspects
- Market overview
- COVID 19 Analysis
- Market Dynamics
- Technology analysis
- Market segmentation overview
- Regional analysis
- Competitive landscape analysis
- Recent Developments
The Enterprise Data Loss Prevention Software market growth is predicted on the basis of market segmentation, regional analysis, COVID-19 analysis, and various other factors that can effectively generate more market demand.
Market Segmentation
By solution:
- Endpoint DLP
- Storage/Data Centre DLP
- Network DLP
By services:
- Consulting
- System Integration & Installation
- Managed Security Services
By Deployment type:
- On Cloud
- On-Premises
- Others
By Applications:
- BFSI
- IT & Telecom
- Healthcare
- Government
- Manufacturing
- Others
By Regions:
- North America
- Europe
- APAC
- Rest of the world
By End-users:
- Enterprise data loss prevention software companies
- Cloud Service Providers
- Professional service providers
- Enterprise data loss prevention software providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System integrators
Report Attribute/Metric
|
Details
|
  Market Size
|
  USD 3.2 Billion
|
  CAGR
|
  21.80%
|
  Base Year
|
  2021
|
  Forecast Period
|
  2022-2030
|
  Historical Data
|
  2018
|
  Forecast Units
|
  Value (USD Billion)
|
  Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
  Segments Covered
|
By Components, Application
|
  Geographies Covered
|
North Amrecia, Europe, Asia Pacific
|
  Key Vendors
|
Dell EMC (U.S.) Hewlett-Packard Company (U.S.) McAfee Inc.( U.S.) Symantec Corporation (U.S.) Cisco Systems Inc.( U.S.) Digital Guardian (U.S.) Somansa Technologies Inc. (U.S.) Fidelis Cybersecurity (U.S.) Forcepoint LLC (U.S.) GTB Technologies Inc. (U.S.) Others
|
  Key Market Opportunities
|
With the Enterprise Data Loss Prevention Software Market Segments, it can be seen that an increasing number of organizations prefer to use DLP software.
|
  Key Market Drivers
|
Due to the flexibility and provision for customized, comprehensive solutions for every specific business sector, the major market drivers significantly influencing the growth of the Enterprise Data Loss Prevention Software Market.
|
Enterprise Data Loss Prevention Software Market Highlights:
Frequently Asked Questions (FAQ) :
The need for fortifying data protection measures is expected to influence the Enterprise Data Loss Prevention Software Market in the coming years.
Digital Guardian (U.S.), GTB Technologies Inc. (U.S.), Fidelis Cybersecurity (U.S.), Somansa Technologies Inc. (U.S.), and Forcepoint LLC (U.S.) are the emerging market players for the long-term growth of the Enterprise Data Loss Prevention Software Market.
The global Enterprise Data Loss Prevention Software market has aimed to meet a CAGR of 21.80% by the end of the year 2030.