Global Data Loss Prevention Market 2018-2022
About Data Loss Prevention
The global DLP market provides cloud and network-based solutions for devices such as mobile devices, laptops, and USB drivers. It also helps enterprises to comply with internal policies, achieve government’s regulatory policies, and prevent disclosure of sensitive data.
Technavio’s analysts forecast the global data loss prevention market to grow at a CAGR of 23.78% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global data loss prevention market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Data Loss Prevention Market 2018-2022
Technavio recognizes the following companies as the key players in the global data loss prevention market: Digital Guardian, GTB Technologies, McAfee, Raytheon (Forcepoint), and Symantec.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of IT analytics for preventing data loss. The application of IT analytics for preventing the loss of data is identified as one of the key trends that will stimulate growth in the data loss prevention market during the predicted period. Many organizations are using IT analytics with DLP as it helps them to predict and demonstrate the risk over a period through reports.”
According to the report, one driver in the market is growing use of cloud for data storage. A large number of enterprises are relying on cloud to store their data as it helps them to enhance their productivity. In addition, the cloud data storage is gaining prominence across the globe due to the rising need for lower operational expenditure (OPEX) and increase in the IoT.
Further, the report states that one challenge in the market is issues with deployment of DLP solution. For protecting sensitive data of an enterprise from data loss, the DLP solution needs to be deployed efficiently like the other security mechanism. The poor deployment of DLP solution can reduce the system’s effectiveness.