An increase in the instances of loss of confidential and sensitive data has resulted in the requirement for data loss prevention DLP applications. DLP applications help in scanning data traversing through the network and at endpoints such as smartphones, tablets, and laptops to identify if they are complying with government regulations and notifying end-users regarding the need for data encryption to ensure data security. Due to the implementation of stringent government regulations such as HIPAA and SOX in sectors such as healthcare, BFSI, and government, the requirement for DLP applications is increasing. However, these applications have high cost of ownership and need continuous upgrading, which restrain their market growth during the forecast period.
According to Technavio analysis, the integration of DLP applications with threat detection capabilities is on an uptrend in the market, which is expected to gain prominence during the forecast period.
Technavio's analysts forecast the global data loss prevention applications market to grow at a CAGR of 23.79% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the data loss prevention applications market for 2015-2019. To calculate the market size, we considered revenue generated from the sale of DLP applications including software and services offered. However, the revenue generated from DNA appliances are not included to calculate the market size.
The report provides a detailed analysis of the following: Deployment model: on-premises and cloud-based Type: nnetwork and endpoint security Geographies: Americas, EMEA, and APAC
The market is highly fragmented with the presence of various vendors. A detailed product and feature comparison for the key leading vendors is provided in the report. In addition, we discuss the major drivers that influence growth, the challenges faced by vendors and the market at large, and the key trends emerging in the market.
Lack of awareness among end-users For a full, detailed list, view our report
Increased demand for hybrid cloud-based solutions For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report Global Data Loss Prevention Applications Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Data Loss Prevention Applications Market: EMC, McAfee, Symantec, Trend Micro and Websense
Other Prominent Vendors in the market are: Blue Coat Systems, Check Point, CipherCloud, Cisco Systems, Clearswift, Code Green Networks, DeviceLock, Digital Guardian, Drainware, Gemalto, HP, Proofpoint, Sophos, Trustwave, and WatchGuard Technologies.
Commenting on the report, an analyst from Technavios team said: The market is highly fragmented, which encourages small vendors operating in niche markets to enter into M&A. The small players in the market with their effective technology appeal to large organizations that acquire these vendors to expand their portfolio. McAfee, Websense, EMC, and Symantec have used this business strategy to gain a competitive edge in the market.
According to the report, in order to protect confidential and sensitive data from unauthorized access, enterprises are increasingly adopting DLP solutions. Apart from data security, DLP solutions are used for other purposes such as data encryption, data monitoring, and policy management. This need for converged security solutions is making several vendors in the market to incorporate many functionalities in DLP solutions to enhance data security.
Further, the report states that the implementation of BYOD among enterprises has increased the need for a secure network. However, the lack of awareness about the advantages of DLP solutions is a major threat to the market. Vendors in the market mostly deal in business-to-business (B2B) transactions. Therefore, the awareness among individual customers is less. Vendors are likely to organize several campaigns to increase consumer awareness.
EMC, McAfee, Symantec, Trend Micro, Websense, Blue Coat Systems, Check Point, CipherCloud, Cisco Systems, Clearswift, Code Green Networks, DeviceLock, Digital Guardian, Drainware, Gemalto, HP, Proofpoint, Sophos, Trustwave, WatchGuard Technologies.