1. Market Research
  2. > ICT
  3. > Cybersecurity Market Trends
Global Data Loss Prevention Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Data Loss Prevention Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • August 2021
  • 152 pages
  • ID: 6134958
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The global data loss prevention market was valued at USD 1,204.8 million in 2020, and it is expected to reach a value of USD 4,297.7 million by 2026, registering a CAGR of 23.47% during the forecast period (2021 – 2026). Moreover, as a result of the COVID-19 lockdowns that have been put in place along with the switch to remote working environments, an unprecedented number of people are now making usage of mobile devices as their primary communications device, thereby creating more endpoints for the organization to secure from the rising cyber threats.


As the demand for digital assets increases, there has been a growth in a massive amount of both structured and unstructured data, which is driving the need for data protection services with a strategic focus on data-centric organizations. Multiple large enterprises in the fortune global 500 have been investing in the DLP market for more than a decade. Currently, the market studied has been emerging as a critical security strategy within reach of mid-sized enterprises.
Historically, DLP solutions were majorly utilized in regulated industries, such as healthcare, financial services, manufacturing, energy, and government. However, with the rising need for protection, DLP solution providers have been targeting the advisory and services companies dealing with a wide range of end-user industries.
The rising demand for automation coupled with the growing application of IoT devices across various end-user verticals, such as healthcare, consumer electronics, industrial, automotive, BFSI, and retail, is further expected to witness growth in the adoption of DLP solutions. As these devices create much more endpoints, the protection of data from these endpoints has become very crucial.
The lack of awareness and unsurety about the cost and brand value impact as a result of cyberattacks and data breaches among the professional is one of the primary reasons that organizations across the world are still falling victim to these types of attacks. According to the Verizon Data Breach Investigation Report 2020, among 96% of all breaches investigated, e-mails continue to be the main entry point, and a little over 1% were associated with Phone or SMS.


Key Market Trends

Healthcare Industry to Witness Significant Growth


The technological advancement in components, such as sensors, and their application in healthcare is opening doors for the adoption of industry 4.0 and data analytics. Hence, digital transformation is taking place rapidly.
Therefore, health-related data is moving more and more from paper to electronic records. It is determining changes in how healthcare organizations processing healthcare records are managing and protecting confidential data today. This has resulted in an increase in electronic health/medical records, which requires data loss prevention solutions.
The use of the cloud in the health industry has grown, bringing some obstacles along the way. Furthermore, the cloud can create the network past the point of visibility, and thus, security. Additionally, healthcare features numerous kinds of devices, all of which need protection. These can include medical devices, personal computers, vendor-supplied computers, and the Internet of things (IoT). After all, any of these devices may provide a gateway into a business network.
Moreover, according to the HIPAA report, 2020 was the third-worst hit year considering the healthcare record breaches in the United States, though the records breached were 29.71% less than in 2019.


North America to Account for the Largest Market Share


The United States is witnessing an increased number of data breaches. According to the Identity Theft Resource Center (ITRC), the average number of breaches in the United States has increased marginally over the past few years. The number of data breaches faced by the United States increased from 785 breaches per year in 2015 to 1,108 breaches per year in 2020.
Also, According to ITRC’s Data Breach Report 2020, the increasing number of data breaches in the country in 2020 has impacted around 300.56 million individuals. . These increasing activities of data breaches in various industries are expected to be the primary factor driving the demand for data loss prevention solutions during the forecast period.
According to the Global Security Insights Report from VMware, 86% of Canadian security leaders claimed that their organization suffered a breach in 2020, with 88% of breaches considered to be “material.” Moreover, 79% of the leaders noted that the attacks became sophisticated over time, and 56% of the respondents feared a material breach in 2021.
Additionally, according to a survey for BDO Canada LLP by PLANT Magazine/Annex Business Media done on 251 manufacturers concluded that 24% of the executives are currently using IIoT, and about 36% of the executives are planning or evaluating the IIoT. Such trends encourage the use of Data Loss Prevention solutions to protect industrial information.


Competitive Landscape

The data loss prevention market is concentrated with the presence of a few dominating players in the market. Also, vendors in the market are investing heavily to create a significant impact on the market.


May 2021 - Deloitte Cyber and Forcepoint launched Data Loss Prevention-as-a-Service to provide businesses in Hong Kong with a fast, cost-effective capability for data loss prevention. The solution will use behavioral analytics to reduce the possibility of data breaches and protect businesses from insider threats.
July 2021 - Trend Micro Inc. announced a new collaboration with Microsoft that aims to deliver greater impact to cybersecurity for joint customers. The collaboration outlines a new cooperation on developing cloud-based cybersecurity solutions on Microsoft Azure and generating co-selling opportunities. This will further enable joint customers’ digital transformation by leveraging both Azure’s cloud computing platform and Trend Micro’s expansive security expertise.


Reasons to Purchase this report:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Banking Predictions for 2021 - Thematic Research

  • $ 1950
  • February 2021
  • 42 pages

Banking Predictions for 2021 - Thematic Research Summary This report identifies the 21 themes that will impact the banking industry in 2021. For each theme, we offer a series of predictions, identify ...

  • World
  • Advanced IT
  • Artificial Intelligence
  • Industry analysis
  • Cybersecurity Expenditure
  • Advertising Expenditure

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on