Data Loss Prevention Market to Register Revenue of $5058.98 Million by 2027 – Exclusive Report by Mordor Intelligence

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According to Seagate Technology PLC, data volume is expected to reach approximately 149 zettabytes by 2024 from 26 zettabytes in 2017. Additionally, enterprises around the world are increasingly adopting better security solutions as part of their transformation process. digital, thereby increasing the growth of the data loss prevention market. In April 2022, McAfee Corp. launched Personal Data Cleanup in the US, the latest privacy feature added to its flagship product, McAfee Total Protection.

Data Loss Prevention Market Overview

Global Data Loss Prevention Market was valued at USD 1,497.81 Million in 2021, and it is projected to reach a value of USD 5,058.98 Million by 2027, registering a CAGR of 22.29% during of the forecast period (2022-2027). The rapid increase in data breach cases, along with other factors, such as DLP-as-a-service, cloud-extending DLP capabilities, and advanced threat protection, have dramatically increased the attention to data loss prevention solutions around the world. DLP solutions were primarily used in regulated industries, such as healthcare, financial services, manufacturing, energy, and government. However, with the growing need for protection, DLP solution providers have targeted consulting and service companies dealing with a wide range of end-user industries.

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Rise in data breaches in the United States

  • According to the Identity Theft Resource Center (ITRC), the average number of breaches in the United States has increased slightly over the past few years. The number of data breaches the United States faces has increased from 1,506 breaches in 2017 to 1,826 breaches in 2021 (Source – ITRC’s Data Breach Report 2021).
  • Additionally, the growing number of data breaches in the country in 2021 affected an estimated 293.93 million people. (Source – ITRC Data Breach Report 2021). These growing data breach activities across various industries are expected to be the major driver for the demand for data loss prevention solutions during the forecast period.

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Emerging data protection in the avenues of health

  • The healthcare industry in the United States is also witnessing many data breaches as health-related data rapidly moves towards electronic records. This has led to an increase in electronic health/medical records, which necessitates data loss prevention solutions.
  • In March 2022, the Premier and Minister of Health of Quebec announced the reform of the Quebec health system, including the management of information on health and social services. The government tabled Bill 19, which aims to implement a new management system that modernizes and decentralizes the health network to allow a safer and more fluid circulation of health and social services information.

Recent Developments in the Data Loss Prevention Market

  • May 2022 – McAfee Corporation conducted its first-ever Global Connected Family Study, surveying 15,500 parents and more than 12,000 of their children in 10 countries to find out how they connect and protect themselves and their loved ones online . The Connected Family Study 2022 reveals stark differences in global attitudes and the steps families take to protect their loved ones, as well as how the most vulnerable can be left unprotected.
  • May 2022 – Broadcom Inc. announced the availability of samples of its complete end-to-end Wi-Fi 7 chipset solutions, which include Wi-Fi routers, residential gateways, enterprise access points and client devices. These Wi-Fi 7 chips more than double the speed of current Wi-Fi 6 and 6E solutions while delivering reliable low-latency communications and extended range.

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List of Key Players of Data Loss Prevention Market

  • Broadcom Inc. (Symantec)
  • McAfee LLC
  • GTB Technologies Inc.
  • Cososys
  • Digital Guardian Inc.
  • Forcepoint LLC
  • Securetrust (vikingcloud)
  • Trend Micro
  • Check Point Software Technologies Ltd.
  • Propoint Inc.
  • Spirion LLC

*Non-exhaustive list

Mordor Intelligence has segmented the data loss prevention market based on deployment, solution, end-user industry, and geography:

  • Deployment (Market Size & Value Based Forecast (USD Million), 2020-2027)
  • Solution (Market Size & Value Based Forecast (USD Million), 2020-2027)
    • DLP network
    • Endpoint DLP
    • Data center/storage based DLP
  • End User Industry (Market Size & Value Based Forecast (USD Million), 2020-2027)
    • IT and Telecommunications
    • BFSI
    • Government
    • Health care
    • Manufacturing
    • Retail and logistics
    • Other End User Industries
  • Geography (Market Size & Value Based Forecast (USD Million), 2020-2027)
    • North America
    • Europe
      • Germany
      • UK
      • France
      • The rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia-Pacific
    • Latin America
    • Middle East and Africa

About Mordor Intelligence

Mordor Intelligence is a business information and consulting company. Our mission is to map complex business ecosystems around the world to better predict butterfly effects. To date, we’ve partnered with more than 4,000 companies across 20 industries, delivering accurate data and actionable insights across more than 6,000 projects. Our teams of domain-specific research experts continuously monitor the markets, enabling our clients to gain a competitive edge through high-quality market intelligence.

We offer fully customized intelligence solutions to meet the unique business needs of any organization. Our deep industry expertise, combined with cross-functional analyst teams, enables us to meet the intelligence needs of the most specific business problems.

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