Data Loss Prevention Market by Offering (Solution, Services), Solution Type (Network DLP, Storage DLP, Endpoint DLP, Cloud DLP), Service (Consulting, Managed Security Service), Applications, Vertical and Regions - Global Forecast to 2028

"Rising compliance and regulatory requirements across the globe are the key factors driving the growth of the DLP market."

The Data Loss Prevention market is expected to grow from USD 3.4 billion in 2023 to USD 8.9 billion by 2028, at a CAGR of 21.2%, according to MarketsandMarkets. DLP solutions help businesses prevent data breaches by classifying and monitoring data in motion, at rest, and the endpoint. This information is used to identify and stop potential data breaches before they occur. In other words, DLP solutions detect and prevent data breaches from happening at different stages.

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"By Application, the cloud storage segment is expected to grow with the highest CAGR during the forecast period."

Enterprises across the globe have been migrating their business platforms to the cloud due to obvious cost benefits. However, lots of data is leaked through risky employee behavior with cloud applications. Many DLP vendors are providing cloud storage protection solutions in the market, which offer a better focus on discovering sensitive content in cloud applications and restricting external sharing. These solutions also detect policy violations when content is being uploaded to the cloud and take action, such as sending the user an automated instruction message, encrypting the content, or blocking the upload.

"By Vertical, the Aerospace, Defense, and Intelligence segment is expected to hold the largest market size during the forecast period."

Data Loss Prevention The aerospace and defense industry plays a crucial role in the economic development of communities throughout the globe, as the companies that support the aerospace and defense sector in the country are the major contributors to employment and tax payments. The DLP tools can improve the efficiency of the military and defense sector, but a series of attacks have resulted in the loss of sensitive data. The DLP solutions can help aerospace and defense agencies to prevent insider attacks and data breaches. Transglobal strategic alliances, proactive measures, substantial investments, and technological advancements are helping the sector to adopt new DLP solutions, thus posing tremendous opportunities for DLP vendors.

"Asia Pacific is expected to grow with the highest CAGR during the forecast period."

This region is highly concerned with increasing security spending owing to the ever-growing threat landscape. Countries across this region have many SMBs, which provide significant employment opportunities. However, the need for massive investment associated with deploying cyber security projects restricts such SMBs from adopting strong security practices within their organization. This has made the SMBs more vulnerable to cyber-attacks. However, the APAC region has undergone tremendous economic growth, political transformation, and social change in recent years. Owing to the sophistication of cyber threats, countries such as Japan, China, and Singapore have all launched new national cyber security policies. The organizations in APAC are spending a considerable amount of resources to deal with cyber security breaches; Australia and Malaysia are in a better position than other countries towards facing cyber security challenges.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

By Company: Tier 1-62%, Tier 2-23%, and Tier 3-15%
By Designation: C-Level Executives-38%, Directors-30%, and Others-32%
By Region: North America-40%, Europe-15%, Asia Pacific-35%, Middle East and Africa-5%, Latin America-5%,

The major players in the Data Loss Prevention market are Broadcom (US), IBM (US), Microsoft (US), Trend Micro (Japan), McAfee (US), Palo Alto Networks (US), GTB Technologies (US), InfoWatch (Russia), Fortra (US), Cisco Systems (US), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Data Loss Prevention market.

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