Global Enterprise Data Loss Prevention Software Market – Industry Trends and Forecast to 2029

Global Enterprise Data Loss Prevention Software Market, By Type (Network DLP, Endpoint DLP, Storage/Data Center DLP), Deployment Type (On-Premise, Cloud DLP), Services (Consulting, System Integration and Installation, Managed Security Services (MSS), Education and Training, Risk and Threat Assessment), Organization Size (Small and Medium Businesses (SMBs), Enterprise), Application (Encryption, Centralized Management, Policy, Standards and Procedures, Web and Email Protection, Cloud Storage, Incident Response and Workflow Management), Verticals (Aerospace, Defense and Intelligence, Government and Public Utilities, Banking, Financial Services and Insurance (BFSI), Telecom and IT, Healthcare, Retail and Logistics, Manufacturing, Others) – Industry Trends and Forecast to 2029.

Enterprise Data Loss Prevention Software Market Analysis and Size

As the demand for digital assets grew, so did the amount of structured and unstructured data, necessitating the need for data protection services with a strategic focus on data-centric organizations. Several Fortune Global 500 companies have invested in the DLP market for over a decade. Currently, the market under consideration has emerged as a critical security strategy accessible to mid-sized enterprises.

Data Bridge Market Research analyses that the enterprise data loss prevention software market was valued at USD 1.57 billion in 2021 and is expected to reach the value of USD 7.36 billion by 2029, at a CAGR of 21.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Enterprise Data Loss Prevention Software Market Scope and Segmentation

Market Definition

Data loss prevention (DLP) is a collection of tools and processes that detect and prevent data breaches, exfiltration, or unauthorized access to sensitive data. It categorizes regulated, confidential, and business-critical data, monitors and controls endpoint activities, filters data streams on corporate networks, and governs data in the cloud. It also aids in meeting compliance and auditing requirements and identifying weak points and anomalies for forensics and incident response. As a result, organizations now rely on DLP to protect and secure their data while also complying with relevant regulations.

Drivers

• High prevalence of cyberattacks

Organizations in various industry verticals have become vulnerable to cyberattacks as a result of the rapid digitalization of business processes. As these cyberattacks can result in the misuse of confidential data and significant financial loss, there is an increase in the use of DLP software to assist organizations in defending against illicit data leakage and transfer. Aside from that, SMEs widely use it to achieve data visibility, protect personally identifiable information (PII), and enforce security in Bring Your Own Device (BYOD) environments. Furthermore, as a result of the coronavirus disease (COVID-19) outbreak, numerous countries' governments have implemented lockdowns. As a result, many businesses have adopted remote working models and DLP software to secure mobile workforces and data on remote cloud systems.

• Adoption from various industries

Furthermore, as hospitals collect and store massive amounts of personal and medical data, R&D, and intellectual property (IP), DLP is gaining traction in the healthcare sector to protect protected health information (PHI). Furthermore, the growing use of online banking services is increasing demand for DLP in the banking, financial services, and insurance (BFSI) sector to protect payment card information and sensitive customer data.

Opportunities

• Rapidly increasing automaton in all verticals

The number of endpoints has increased by double digits, owing primarily to the rapidly growing adoption of automation as a result of Industry 4.0, machine-to-machine communication, and the emergence of smart cities. As a result, it is critical to protect data and devices' vulnerability and deploy tools to detect and mitigate attacks. As a result, the increasing adoption of automation technology is expected to drive market growth during the forecast period.

Restraints

• Lack of awareness

On the other hand, complexities with DLP rules, a lack of guarantee prevention, and a lack of awareness are expected to impede the growth of the enterprise data loss prevention software market. The rise in deployment concerns is expected to challenge the enterprise data loss prevention software market during the forecast period.

This enterprise data loss prevention software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the enterprise data loss prevention software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Enterprise Data Loss Prevention Software Market

With the emergence of the COVID-19 pandemic, the market is expected to expand further as the total volume of data generated globally rises much faster. According to Seagate Technology PLC, data volume is expected to reach 149 zettabytes by 2024, up from 26 zettabytes in 2017. Furthermore, as part of their digital transformation, enterprises around the world are increasingly adopting better security solutions, boosting market growth.

Recent Developments

• In May 2022 McAfee Corporation conducted its first-ever Global Connected Family Study, surveying 15,500 parents and over 12,000 children in ten countries to learn how they connect and protect themselves and their loved ones online. The 2022 Connected Family Study reveals significant differences in global attitudes, family actions to protect their loved ones, and how the most vulnerable may be left unprotected.
• On May 20, 2022 Broadcom Inc. announced the availability of samples of its complete end-to-end Wi-Fi 7 chipset solutions, which include Wi-Fi routers, residential gateways, enterprise access points, and client devices. These Wi-Fi 7 chips provide reliable low-latency communications and an extended range while more than doubling the speed of current Wi-Fi 6 and 6E solutions.

Global Enterprise Data Loss Prevention Software Market Scope

The enterprise data loss prevention software market is segmented on the basis of type, deployment type, services, organization size, application and verticals. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type  

• Network DLP
• Endpoint DLP
• Storage/Data Center DLP

Deployment type

• Cloud
• On-premise

Services

• Consulting
• System Integration and Installation
• Managed Security Services (MSS)
• Education and Training
• Risk and Threat Assessment

Organization size

• Small and Medium Businesses (SMBs)
• Enterprises

Applications

• Encryption
• Centralized Management
• Policy
• Standards and Procedures
• Web and Email Protection
• Cloud Storage
• Incident Response
• Workflow Management

Verticals

• Aerospace
• Defence and Intelligence
• Government and Public Utilities
• Banking Financial Services and Insurance (BFSI)
• Telecom and IT
• Healthcare
• Retail and Logistics
• Manufacturing
• Others

Enterprise Data Loss Prevention Software Market Regional Analysis/Insights

The enterprise data loss prevention software market is analysed and market size insights and trends are provided by country, type, deployment type, services, organization size, application and verticals as referenced above.

The countries covered in the enterprise data loss prevention software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market for cloud data loss prevention market because of the increased need for data security and safety. The use of this system is rapidly increasing these days, as many organizations move their business operations online via cloud systems, increasing demand for Cloud DLP.

The Asia-Pacific market is primarily driven by an increase in the region's adoption of cloud-based applications. Due to significant growth in industrialization in the region, Asia-Pacific is expected to offer lucrative growth opportunities to key players operating in the enterprise data loss prevention software market in the coming years. The region's enterprise data loss prevention software market is dominated by Japan, South Korea, India, Malaysia, Australia, China, and Singapore. The increasing number of businesses in the Middle East and Africa, as well as South America, is driving market growth in these regions.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Enterprise Data Loss Prevention Software Market Share Analysis

The enterprise data loss prevention software market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to enterprise data loss prevention software market.

Some of the major players operating in the enterprise data loss prevention software market are:

• Digi-key Electronics (U.S.)
• Brewer Science, Inc. (U.S.)
• DuPont (U.S.)
• Murata Manufacturing Co., Ltd (Japan)
• MTS Systems Corporation (U.S.)
• Interlink Electronics, Inc. (U.S.)
• Emerson Electric Co (U.S.)
• Thin Film Electronics ASA (Norway)
• ISORG (France)
• Peratech Holdco Ltd (U.K.)
• Honeywell International Inc.(U.S.)
• TE connectivity (Switzerland)
• SpotSee (U.S.)
• KWJ Engineering Inc., (U.S.)
• Fujifilm Holding Corporation (Japan)
• Interlink Electronics, Inc. (U.S.)
• Tekscan, Inc. (U.S.)