In the past couple of years, the number of data breaches and data loss incidents has increased exponentially.
There are three types of data that require special handling:
Intellectual Property - source code, design documents, process documentation;
Corporate Data - legal and financial documents, strategic planning documents, employee information
Customer Data - personal data like name, address, phone number, location, preferences, social security numbers, credit cards, medical records, financial statements, and so on.
Overall, the main focus of data loss prevention software is:
Enterprise Data Loss Prevention Software Market DataThe enterprise data loss prevention software aids in the monitoring and protection of valuable business information and assets.
The next generation of data protection and storage is anticipated to boost the growth of the data loss prevention software (EDLP) market.
It aids in the provision of data transmissions in real-time.
The study, conducted by Market Research Future (MRFR), and presented in the format of a report, reveals that the enterprise data loss prevention software is gaining momentum in terms of growth due to the rising adoption of cloud-delivered web-security service and cloud access security broker for ensuring a safe web experience for the protection of sensitive organizational data.
Owing to this the global enterprise data loss prevention software market size is anticipated to expand at a robust CAGR of 21% during the forecast period.The world enterprise data loss prevention software market is estimated to garner a market revenue valuation of USD 2.1 billion by the end of the forecast period.
Further, the adoption of cloud computing and a rise in the mid-market penetration, the global data loss prevention software is also deployed as a managed service.Market SegmentationThe global EDLPS market is studied for a detailed segmentation that is based on deployment type, components, applications, and region.
Enterprise Data Loss Prevention Software MarketThe global enterprise data loss prevention software market is growing rapidly over ~21% of CAGR and is expected to reach at USD ~ 2.1 Billion by the end of forecast period.The study reveals that enterprise data loss prevention software is trending in North America region.
The growing demand of enterprise data loss prevention software is due to the cloud-delivered web security service and cloud access security broker can ensure a safe web experience and to protect organizational data.
This software are highly scalable, automatic blocks threat, provide impressive cloud coverage, prioritizes sensitive data, compactible with forensic analysis and others.
The adoption of cloud computing, and increase in mid-market penetration, the data loss prevention can be offered as a managed service.In North America region, the enterprise data loss prevention software demand are growing with huge demand among various verticals such as retail, manufacturing, healthcare and other.
The prominent companies such as McAfee Inc. (U.S.), Symantec Corporation (U.S.) are offering enterprise data loss prevention software solutions that can improve the performance at reduced cost.
Due to the changing market trends & emerging opportunities, enterprise data loss prevention software market are estimated to grow with huge demand in the market.Market SegmentationThe global EDLPS market is studied for a detailed segmentation that is based on deployment type, components, applications, and region.