The global data loss prevention market was US$ 3.1 billion in 2021. The global data loss prevention market is forecast to grow to US$ 18.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 21.10% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The growing demand to comply with regulatory requirements and data saved on the public and private cloud has been driving the demand for data loss prevention across the globe. For instance, Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA) are all the regulatory compliance, which are forecast to fuel the growth of the global data loss prevention market.

The growing use of the internet, cloud storage, and the availability of massive data will drive the data loss prevention market forward. In addition, the growing cases of data theft will drive the market forward.

The growing deployment of IoT devices across various industrial verticals, including healthcare, industrial, automotive, BFSI, retail, and consumer electronics, will surge the growth of the global data loss prevention market.

The growing number of launches and investments in the industry will surge the growth of the data loss prevention market during the study period. For instance, Deloitte Cyber and Forcepoint introduced Data Loss Prevention-as-a-Service in May 2021with the aim to offer fast, cost-effective capability for data loss prevention. Moreover, Trend Micro Inc. inked a pact with Microsoft in July 2021.

COVID-19 Impact Analysis

The COVID-19 pandemic surged the demand for the data loss prevention market. During the pandemic, governments of various countries imposed strict lockdown. Thus, offices switched from offline work to online mode, which increased the probability of threats. Thus, the demand for data loss prevention solutions surged unexpectedly. Furthermore, key strategies by the market players, such as new product launches, collaborations, and acquisitions, surged the growth of the global data loss prevention market.

Regional Analysis

North America is forecast to dominate the global data loss prevention market in terms of revenue. The growth of the market is attributed to the growing deployment of advanced technology and cloud-based platforms. In addition, the rising number of threats and availability of massive data will contribute to the growth of the market in the coming years.

The Asia-Pacific data loss prevention market is forecast to grow at a significant growth rate due to the surging cases of data threats and growing automation across various industrial verticals.

Competitors in the Market

Broadcom, Inc.
Thales Group
Symantec
Digital Guardian
Cisco Systems, Inc.
GTB Technologies, Inc.
Trend Micro Inc.
CA Technologies
Trustwave
Code Green Network
Zecurion
RSA
Websense
Other Prominent Players
Market Segmentation

Based on Solution Type

Network DLP
Endpoint DLP
Storage/Data Center DLP
Based on Deployment Type

On-Premise
Cloud DLP
Based on Application

Encryption
Centralized Management
Policy, Standards & Procedures
Web & Email Protection
Cloud Storage
Incident Response & Workflow Management
Based on End-User

Aerospace
Government (Excluding Defense) and Public Utilities
Banking, Financial Services and Insurance (BFSI)
Telecomm and IT
Automotive
Retail & Logistics
Oil & Gas
Robotics
Others
Based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America