Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Enterprise Data Loss Prevention Software Market.
In its research report, Market Research Future (MRFR), emphasizes that the global enterprise data loss prevention software market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation of USD 2.1 Billion by 2023, and a healthy 21% CAGR over the review period.
Drivers and Restraints
The program for the prevention of corporate data loss helps track and secure sensitive business information and properties. The market for enterprise data loss prevention software is gaining traction as it can reduce the distribution of confidential data through client data centers, identify broken business processes that transfer confidential data, track and secure sensitive material communications to public websites, and others. Information security and storage next-generation are driving the development of the software industry for data loss prevention. One of the major factors that allowed the Data Loss Prevention market to expand is organizations' growing emphasis on meeting regulatory and enforcement requirements, as well as data saved in the public and private cloud. Factors such as increased data breaches and cyber-attacks are also driving demand for DLP solutions. Such factors have significantly contributed to consumer growth and have emerged as the main drivers of business development. The that demand for enterprise data loss prevention software is due to the cloud-based Web protection service and protection broker for cloud access will ensure a secure web interface and protect organizational data. The companies are now gaining flexibility in the secure handling of sensitive data. This platform is highly scalable, challenges automated blocks, offers excellent coverage of the cloud, prioritizes sensitive data, compliant with forensic analysis, and others. Adopting cloud storage, and rising mid-market penetration, avoidance of data loss can be provided as a managed service.
The global enterprise data loss prevention software market is analyzed on the basis of components, applications, deployment type, and region.
The components are segmented into solution, service, and others.
The deployment type is segmented into on cloud, on-premises, and others.
The applications are segmented IT and telecom, government, healthcare, manufacturing, BFSI, and others.
The geographical overview of the global market has been conducted in four major regions, including the sia Pacific, North America, Europe, and the rest of the world.
North America is one of the leading regions across the world based on themarket share in enterprise data loss prevention software market as it has massive demand in many industries, including banking, healthcare, and other sectors. In the North America region, the enterprise data loss prevention software demand is growing with huge demand among various verticals such as manufacturing, retail, healthcare, and others. The prominent companies such as Symantec Corporation (U.S.), and McAfee Inc. (U.S.), are providing enterprise data loss prevention software solutions that can enhance the performance at a reduced cost.
The enterprise data loss prevention software market in the European region is expected to witness rapid growth in the forthcoming period. Over the past years, most of the large organizations in this region, including oil and gas, healthcare, utilities, and banks, have strengthened their data security capabilities.
Meanwhile, Asia-Pacific countries like China, Japan, and India is an emerging market for enterprise data loss prevention software market and poised to record the fastest CAGR in the forthcoming years.
The prominent market players operating in the global market as identified by MRFR are Hewlett-Packard Company (U.S.), Symantec Corporation (U.S.), McAfee Inc. (U.S.), Cisco Systems Inc. (U.S.), Dell EMC (U.S.), Digital Guardian (U.S.), Somansa Technologies Inc. (U.S.) Forcepoint LLC (U.S.), Fidelis Cybersecurity (U.S.), GTB Technologies Inc. (U.S.), and among others.