A Complete Overview of Cloud DLP Market:
Cloud DLP Market: Data loss prevention (DLP) is the approach used to assure that sensitive data is not lost, misused, or accessed by unauthorized end-user. It also aims to prevent private information from being stored, used, or transferred insecurely. Cloud DLP solutions mostly support the organizations that have adopted cloud storage. It also makes sure that sensitive data does not pass into the cloud without being encrypted and is only sent to the authorized cloud packages. The classified or sensitive data is eliminated or altered by most of the cloud DLP solutions before files are shared to the cloud to assure that the data is protected. The organizations that do not implement a cloud DLP solution leaves cloud data protection to the cloud storage providers. These solutions enables the organizations to scan and audit data at any time which is already stored in the cloud.
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Asia Pacific dominates the Cloud DLP Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Data loss prevention (DLP) is the approach used to ensure that sensitive data is not lost, misused, or accessed by unauthorized end-user. The organizations which have adopted cloud storage can support the cloud DLP solutions. It also ensures that the data is encrypted and then pass to the cloud, and it is only sent to the authorized cloud packages.
Due to rising demand for cloud DLP in various companies the market is growing. However, they help the organizations to secure their critical and sensitive data, which is one of the major reason for the growth of market. The other driving elements are achievement of regulatory compliance’s, heavy rising in cloud adoption, and the increasing employee mobility & Bring Your Own Device (BYOD) trend are responsible for the market to grow. With the help of cloud DLP the companies can continuously audit the uploaded files. One of the key challenge is that there is lack of awareness and education regarding the market.
The market is bifurcated into number of regions like North America, Europe, APAC, MEA, and Latin America. The use of cloud technologies in APAC region is increasing tremendously. Therefore, the growth opportunities are more in this region. North America is considered to have the largest market share, while APAC is the region with highest CAGR.
There are numerous competitors in the markets which includes Symantec, Check Point Software Technologies, Digital Guardian, Forcepoint , and McAfee . These companies have also done various developments like acquisition, product launch, collaboration and others for the market growth. As the market growth rate is high the entrance of new vendors is possible in coming years.
There is a demand for cloud DLP in various companies. However, they help organization to protect critical and sensitive data, which is the main reason for market growth. The other elements which is responsible to boost the market are achievement of regulatory compliance’s, heavy rising in cloud adoption, and the increasing employee mobility & Bring Your Own Device (BYOD).
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The market is differentiated into number of segments like component, service, organization size, vertical, and region. The component segment is segmented into solution and services. The service segment is split into professional services and managed services. The market can be used in large, small, and medium sized businesses. It is used in various different industries like Banking, Financial Services, & Insurance (BFSI), Retail & consumer goods, Healthcare & life sciences, Manufacturing, IT & telecommunications, and others.
Cloud DLP Market Segmentation
• Professional Service
• Managed Service
By Organization Size:
• Banking, Financial Services, & Insurance (BFSI)
• Retail & Consumer Goods
• Healthcare & life sciences
• IT & telecommunications
• North America
• Latin America
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Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Cloud DLP market and what are their strategies?
• What segment and region will lead the market and why?
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