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Data Loss Prevention Market Estimated To Witness a Phenomenal Growth by 2026
Data loss prevention software is used for data protection.

BriefingWire.com, 9/20/2019 - Data loss prevention software is used for data protection. It can be utilized to detect potential theft such as Torjan horses that transfer confidential data outside of the network. Moreover, it also provides software solutions to monitor and block confidential data or network traffic or storage condition by providing standard security software solutions, which includes firewalls and intrusion detection systems (IDSs). For instance, firewalls can be utilized to protect confidential information from outsider’s access and to detect the attempt of intrusion by outsider an intrusion detection system is used.

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Demand for data loss prevention solutions is increasing significantly due to rising cyber-attacks. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8% recorded in June. Cyber Espionage slides to 10.1% from 15.6% of June whereas Cyber Warfare plummets to 4.3% from 9.4%. Banking and financial sector is the major sector in cyber security market. This is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. Increasing utilization of mobile devices and high adoption of Internet by consumers are expected to escalate the overall market growth.

Data Loss Prevention Market Taxonomy

On the basis of solutions, the global data loss prevention market is segmented into:

Network Data Loss Prevention

Endpoint Data Loss Prevention

Data Center Data Loss Prevention

On the basis of services, the global data loss prevention market is segmented into:

System Integration & Installation

Managed Security Services (MSS)

Education & Training

Consulting

Risk & Threat Assessment

On the basis of deployment model, the global data loss prevention market is segmented into:

On-Premise

Cloud Data Loss Prevention

On the basis of organization size, the global data loss prevention market is segmented into:

Small and Medium Businesses

Large Enterprises

On the basis of application, the global data loss prevention market is segmented into:

Cloud Storage

Encryption

Policy, Standards & Procedures

Centralized Management

Web & Email Protection

Incident Response & Workflow Management

On the basis of end user industry, the global data loss prevention market is segmented into:

Banking, Financial Services and Insurance (BFSI)

Aerospace, Defense & Intelligence

Government and Public Utilities

Retail, Manufacturing & Logistics

Telecomm and IT

Healthcare

Others

Data Loss Prevention Market: Competitive Background

Major players operating in the global data loss prevention market include Symantec Corporation, CA Technologies, BAE Systems, Websense, Inc., Trend Micro Incorporated, Digital Guardian, Code Green Networks, Trustwave Holding, Inc., Zecurion, and GTB Technologies, Inc.

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