Data Loss Prevention Global Market By Component, By Solution Type, By Application, By Service, By Vertical, By Regional Forecast 2024-2033 | Cisco Systems Inc., Broadcom Inc., SAP SE, BAE Systems PLC, Thales Group

Overview and Scope
Data loss prevention (DLP) is a collection of protocols, methods and processes created to stop sensitive data from being lost, misused, or accessed by unauthorized people. Data loss prevention (DLP) is utilized within a company to stop sensitive data from being lost, misused, or accessed by unauthorized parties.

Sizing and Forecast
The data loss prevention market size has grown exponentially in recent years. It will grow from $2.3 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 27.0%. The growth in the historic period can be attributed to increasing data breaches, rising adoption of cloud computing, growing sophistication of cyberattacks, increasing data volumes.

The data loss prevention market size is expected to see exponential growth in the next few years. It will grow to $7.6 billion in 2028 at a compound annual growth rate (CAGR) of 27.1%. The growth in the forecast period can be attributed to growing mobile workforce, growing awareness of the importance of data protection, continued growth of the managed dlp services, iot growth. Major trends in the forecast period include zero trust architecture, data classification and tagging, behavioral analytics, integration with soar.

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Segmentation & Regional Insights
The data loss prevention market covered in this report is segmented –
1) By Service: Managed Security Services; Training And Education; Consulting; System Integration And Installation; Threat And Risk Assessment
2) By Solution: Network Data Loss Prevention; Endpoint Data Loss Prevention; Datacenter Or Storage-Based Data Loss Prevention
3) By Deployment: On-Premises; Cloud-Based
4) By End-User Industry: Information Technology (IT) And Telecommunication; Banking, Financial Services And Insurance (BFSI); Government; Healthcare; Manufacturing; Retail And Logistics; Other End-User Industries

North America was the largest region in the data loss prevention market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in data loss prevention market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The surge in data breach cases is expected to propel the growth of the data loss prevention market going forward. A data breach is an incident in which sensitive, confidential, or protected information is accessed, disclosed, or compromised without authorization. Data loss prevention (DLP) is the practice that involves identifying and stopping data breaches, unauthorized data movement, or the unintended destruction of sensitive information by implementing strategies and technologies to detect, prevent and mitigate the loss or unauthorized access of sensitive data. For instance, in January 2022, according to the Identity Theft Resource Center, a US-based nonprofit organization, the total count of data breach cases accounted for 1,862 in 2021 and has risen by over 68% compared to 2020. Therefore, the surge in data breach cases is driving the growth of the data loss prevention market.

Key Industry Players
Major players in the data loss prevention market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., SAP SE, BAE Systems PLC, Thales Group, VMware Inc., Fortinet, Citrix Systems Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., Proofpoint Inc. , RSA Security LLC, BlackBerry Ltd., Forcepoint LLC, Idera Inc., Trustwave Holdings Inc., McAfee Inc., Sophos Ltd., CA Technologies Inc., Netskope Inc., CoSoSys Ltd., Code Green Networks Inc., Zecurion DLP, Avanan Inc., GTB Technologies Inc.

The data loss prevention market report table of contents includes:
1. Executive Summary