Global Data Loss Prevention Market - Global Forecast to 2026

The Data Loss Prevention Market is predicted to increase at a Compound Annual Growth Rate (CAGR) of 22.3 percent from 2018 to 2026, from $2 billion in 2018. All firms must safeguard their important intellectual property and company information in digital form against theft and misuse. Cyber dangers have been acknowledged as a major worry in North America, Europe, and Asia-Pacific (APAC). Most big enterprises in this region, including oil and gas, healthcare, utilities, and banking, have improved their data security capabilities in recent years.

The rising focus of enterprises on meeting regulatory and compliance standards, as well as data kept on public and private cloud, has aided the growth of the Data Loss Prevention market. Aside from that, factors such as rising data breaches and cyber-attacks are driving up demand for security software.

Symantec, Digital Guardian, Trend Micro, CA Technologies, Trustwave, Code Green Network, and Zecurion are some of the leading companies in the data loss prevention market. These companies offer cutting-edge DLP solutions in the form of individual components and packages.

The study on the data loss prevention market examines worldwide adoption trends, future growth prospects, and critical issues in the market under consideration. It also includes a detailed business case analysis as well as information on the market's primary market drivers, restraints, opportunities, and challenges.

With the growth of the IT industry, cyber security has become a new phenomena. Cyber security has advanced at a breakneck pace, and it now plays a critical role in safeguarding networks, endpoints, the cloud, and wireless networks against threats. Cyber security is now a board-level concern for the corporate arena, having been confined to its own restricted approach in its early days. This shift is primarily due to cyber-attacks, which used to be carried out by thrill-seeking amateurs but have now evolved into a form of organised crime carried out by expert professionals backed by rival enterprises and even nation-states to harm businesses and nations' intellectual and financial assets. Furthermore, data loss prevention might be considered a more comprehensive data security solution or a more proactive response to data breaches.