Data Loss Prevention Market

Global Data Loss Prevention Market:

The global data loss prevention market size reached USD 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 11.1 Billion by 2032, exhibiting a growth rate (CAGR) of 19.5% during 2024-2032. The growing focus of organizations on securing and protecting their data and complying with regulations, coupled with the rising adoption of DLP software to secure data and mobile workforce on remote cloud systems, is stimulating the data loss prevention market demand. At present, North America holds the largest market share, driven by stringent data privacy regulations and advanced cybersecurity ecosystem.

Global Data Loss Prevention Market Analysis:

• Major Market Drivers: The increasing incidences of cyberattacks, owing to the digitalization of business processes, are encouraging organizations to adopt data loss prevention software. Besides this, the rising number of small and medium-sized enterprises (SMEs) that are emphasizing on using DLP systems to protect personally identifiable information (PII), enforce security in Bring Your Own Device (BYOD) environments, and achieve data visibility is further stimulating the data loss prevention market growth.
• Key Market Trends: One of the key emerging trends in the data loss prevention market is the continuous advancement in the banking, financial services, and insurance (BFSI) sector. Additionally, the widespread application of data loss prevention systems in the healthcare industry to safeguard protected health information (PHI) is also propelling the market outlook.
• Geographical Trends: According to the data loss prevention market research, North America accounted for the largest market share. The rising awareness among individuals in the region towards data security risks is one of the primary factors augmenting the market growth. Apart from this, businesses in North America are adopting cloud computing for data storage, thereby positively impacting the regional market.
• Competitive Landscape: Some of the leading players in the global data loss prevention market include Absolute Software Corporation, Broadcom Inc., Cisco Systems Inc., Digital Guardian (HelpSystems LLC), Forcepoint, Gtb Technologies Inc., McAfee Corp., Proofpoint Inc., Thales Group, Trend Micro Inc., Trustwave Holdings (Singapore Telecommunications Limited), and Zecurion, among many others.
• Challenges and Opportunities: Challenges related to ensuring complete visibility into data flows and access points, owing to the widespread use of mobile devices and cloud services, are negatively impacting the data loss prevention market revenue. Moreover, organizations with limited skilled personnel, budgets, and time are further hindering the market growth. However, the rising focus of key players on preventing the misuse of confidential data will continue to stimulate the data loss prevention market outlook in the coming years.

Global Data Loss Prevention Market Trends:

Rising Risk of Unauthorized Access

The growing prevalence of cyberattacks can have adverse impacts on businesses, such as reputational harm, monetary losses, and potential legal consequences. This is encouraging them to adopt data loss prevention systems to minimize the possibility of unauthorized access, accidental data leaks, and data breaches by implementing favorable safety policies. For example, in April 2023, Microsoft introduced a purview data loss prevention policy for Power BI, which was commonly available to the general public preview. In line with this, large and mid-size enterprises are developing appropriate security controls with a well-defined classification framework, including access controls, specifically tailored to each data classification level. Furthermore, jurisdictions and regulatory bodies are aiming at elevating data protection, thereby bolstering the data loss prevention market value. For example, government bodies in Canada are launching new privacy laws to improve control and transparency of individuals over how companies handle their personal data. Similarly, legislative initiatives, such as the Digital Charter Implementation Act, 2020 (Bill C-11), also called as the Consumer Privacy Protection Act (CPPA), and Quebec's Bill 64 are leading the way. In addition, the GDPR, implemented by the European Union (EU), is one of the most important data protection legislation globally. It aims to protect EU data and implements stringent standards on organizations regarding privacy rights, data breach reporting, data protection, and consent. The GDPR has driven organizations to deploy novel DLP solutions to secure personal data and maintain compliance.

The Rising Applications of the IoT

The inflating usage of the Internet of Things is primarily augmenting the data loss prevention market revenue. For example, according to Ericsson, the number of Internet of Things (IoT) connections is expected to be six billion by 2028. Besides this, the elevating concerns among organizations over data privacy and the implementation of strict regulations by government bodies are increasing the integration of artificial intelligence (AI) with cybersecurity solutions. Moreover, enterprises are prioritizing next-generation identity and access communication, management, and network security, thereby reflecting significant investments in these cybersecurity domains. These trends are poised to catalyze the growth of the data loss prevention market in the coming years.

Continuous Technological Advancements

The rising complexities of data, owing to the emergence of advanced technologies, including robotics, big data, Artificial Intelligence (AI), cloud computing, etc., are creating significant opportunities for data loss prevention solutions that can effectively classify, discover, and monitor sensitive data across diverse platforms. Consequently, small and medium-sized businesses with limited funds are extensively investing in DLP programs. For instance, in October 2022, Nightfall introduced a DLP solution in partnership with the Asana Partner Program as a technology partner. Through this collaboration, Asana aimed to build data protection capabilities into the Asana app. As such, organizations are also developing platforms to prevent data loss prevention. For instance, in September 2023, Proofpoint Inc. developed Aegis Threat Protection, Identity Threat Defense, and Sigma Information Protection platforms to address risks of organizations, such as business email compromise (BEC), ransomware, and data exfiltration. Proofpoint Sigma, the information protection platform, merges content classification, threat telemetry, and user behavior across channels for data loss prevention. In addition to this, Proofpoint's Misdirected Email solution prevents users from accidentally sending emails to the wrong recipient, thereby preventing data loss.

Data Loss Prevention Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, services, size, deployment type, application and industry.

Breakup by Type:

• Data Center DLP
• Endpoint DLP
• Network DLP
   

Network DLP accounts for the majority of the global market share

The data loss prevention market research report has provided a detailed breakup and analysis of the market based on the type. This includes data center DLP, endpoint DLP, and network DLP. According to the report, network DLP accounted for the largest market share. 

Network DLP systems usually enable session-level network traffic analysis. As most of the human-readable data in organizations is not plain text, network DLP decisions need insights beyond individual packets. Additionally, these systems offer visibility into network channels, protocols, and applications. Network data loss prevention systems enforce security standards by blocking, flagging, allowing, auditing, encrypting, or quarantining suspicious activities that violate information security regulations.

Breakup by Services:

• Managed Security Services
• Training and Education
• Consulting
• System Integration and Installation
• Threat and Risk Assessment
   

The report has provided a detailed breakup and analysis of the market based on the services. This includes managed security services, training and education, consulting, system integration and installation, and threat and risk assessment.

In the data loss prevention (DLP) market, various services are provided to aid organizations to protect their sensitive data. Providers offer training workshops and programs to educate the employees regarding data security best practices and the usage of DLP tools. In addition to this, they also assist organizations to integrate data loss prevention solutions with other security tools and systems, including Security Information and Event Management (SIEM) systems, to enhance overall security. Moreover, consulting services further aid businesses in assessing their data protection needs, developing DLP strategies, implementing best practices for data security, etc.

Breakup by Size:

• Large Enterprises
• Small and Medium-sized Enterprises
   

Large enterprises currently exhibit clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the size. This includes large enterprises and small and medium-sized enterprises. According to the report, large enterprises accounted for the largest market share.

Large enterprises often deal with complicated data ecosystems, including unstructured and structured data distributed across numerous systems and platforms. DLP assists these enterprises in setting up data governance frameworks by categorizing, detecting, and managing sensitive material. Moreover, large enterprises utilize data loss prevention solutions to monitor data transfers to third parties and enforce data protection policies. DLP solutions minimize the chances of mismanagement, third-party data breaches, or non-compliance with security regulations.

Breakup by Deployment Type:

• On-premises
• Cloud Data Loss Protection
   

On-premises deployment represents the largest market share

The report has provided a detailed breakup and analysis of the market based on the deployment type. This includes on-premises and cloud data loss protection. According to the report, on-premises accounted for the largest market share. 

On-premises data loss prevention provides organizations with more control over sensitive data. It also enables users to maintain information within personal infrastructure, thereby facilitating direct monitoring and management. This level of control is essential for organizations dealing with highly sensitive, as it minimizes reliance on third-party entities. On-premises DLP solutions provide more integration options and customization with updated security and infrastructure systems. Moreover, they are gaining traction, as these solutions offer lower latency and faster responses when compared to cloud-based solutions.

Breakup by Application:

• Cloud Storage
• Encryption
• Policy Standards and Procedures
• Web and Email Protection
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes cloud storage, encryption, policy standards and procedures, web and email protection, and others.

Extensive applications in the data loss prevention (DLP) market are diverse, thereby catering to a wide array of industries and use cases. DLP solutions are adopted to protect intellectual property. Furthermore, they are gaining traction, as these systems prevent the loss of sensitive data through networks, endpoints, and cloud services.

Breakup by Industry:

• Healthcare
• Retail and Logistics
• Defense and Intelligence
• Public Utilities and Government Bodies
• BFSI
• IT and Telecom
• Others
   

The IT and telecom industry currently holds the majority of the total market share

The report has provided a detailed breakup and analysis of the market based on the industry. This includes healthcare, retail and logistics, defense and intelligence, public utilities and government bodies, BFSI, IT and telecom, and others. According to the report, the IT and telecom industry accounted for the largest market share. 

The rising incidences of data breaches in the IT and telecom industry are primarily driving the market growth in this segmentation. For instance, according to cybersecurity firm, EfficientIP, 43% of telecom operators went through Domain Name System (DNS)-based malware attacks in 2018. The same report stated that the telecommunications industry has the most sensitive data stolen across all sectors. Furthermore, Cloudflare, a security company, reported that the telecommunications industry was the most targeted by distributed denial of service (DDoS) attacks in the first quarter of 2021, a major increase from the previous year. Consequently, data loss prevention technology is widely used by the IT and telecom industry, as it helps in selecting predefined profiles for sensitive information, including PII and credit card information, and compliance-oriented profiles for laws and standards, such as PCI DSS and GDPR.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest data loss prevention market share.

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the data loss prevention market statistics, North America accounted for the largest market share. 

Businesses across the region are extensively adopting cloud computing and leveraging cloud services for several purposes, such as collaboration, data storage, and business operations. This shift is encouraging the demand for cloud-based DLP solutions to secure sensitive data in cloud environments. For example, in November 2023, Nightfall AI, a prominent provider of cloud data loss prevention (Cloud DLP), developed an innovative DLP solution tailored for Microsoft Teams. Given the platform's elevating usage in highly regulated industries, businesses enabled DLP tools that align with frameworks like PCI DSS, SOC 2, HIPAA, etc. Besides this, government bodies in countries, including Canada, are proposing new policies to enhance transparency over how companies handle their personal data, which is propelling the regional market.

Leading Key Players in the Data Loss Prevention Industry:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Absolute Software Corporation
• Broadcom Inc.
• Cisco Systems Inc.
• Digital Guardian (HelpSystems LLC)
• Forcepoint
• Gtb Technologies Inc.
• McAfee Corp.
• Proofpoint Inc.
• Thales Group
• Trend Micro Inc.
• Trustwave Holdings (Singapore Telecommunications Limited)
• Zecurion
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Global Data Loss Prevention Market News:

• April 2024: Proofpoint, a leading cybersecurity and compliance company, announced the availability of Adaptive Email Data Loss Prevention to detect accidental data loss over email.
• January 2024: Calif. & DEBARY, Fla.(BUSINESS WIRE), Guidewire Software Inc. (NYSE: GWRE), and Chrp Technologies (Chrp) announced that Chrp’s accelerator is now available to PolicyCenter users in the Guidewire Marketplace.
• August 2023: Next DLP (Next), a leader in data protection and insider risk management, announced that GigaOm, a practitioner driven market research firm, has named the company Leader in its 2023 Radar Report for Data Loss Prevention (DLP).

Data Loss Prevention Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, data loss prevention market forecast, and dynamics of the market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global data loss prevention market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the data loss prevention industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.