Worldwide Data Loss Prevention Market Shares, 2015: Modern Solutions Address Digital Transformation Strategies
This IDC study provides a sizing of the worldwide data loss prevention market in 2015. Key findings of this study include:Regulatory compliance continues to be the primary driver of data protection products. Interest in DLP is increasing globally following the General Data Protection Regulation (GDPR), the European Commission rules that set out restrictions on how businesses export the personal data of European Union (EU) citizens. Fines for GDPR noncompliance had been set at a maximum of 20 million euros or 4% of global revenue, whichever is the higher. IDC believes this takes noncompliance of personal data protection into the realms of anti-bribery and anti–money laundering levels and makes data protection compliance a boardroom issue, not an IT issue.Providers of data loss prevention products continued to build out support for mobile devices and SaaS services. The leading DLP vendors extended support of native functionality to adopters of Office 365 and other cloud services. There are some signs that organizations maintaining mature DLP implementations are pushing into intellectual property protection following a long line of data breaches where attackers sought business document, engineering plans, and other proprietary information."Growth associated with data loss prevention products slowed in 2015 as enterprises took a step back to consider the EU General Data Protection Regulation, but IDC expects spending to rebound as authorities begin enforcing regional privacy and data security regulations," said Elizabeth Corr, research analyst, Security Products. "IDC believes organizations will seek data protection solutions that enable their digital transformation strategies with minimal disruption to business operations."
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook