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Cloud Data Loss Prevention (DLP) Solution Market Analysis byDeployment Model (On-premise and Cloud-based); by Solution (Network DLP, Endpoint DLP, and Datacenter/Storage-based DLP); and by End-User (IT and Telecom, BFSI, Government, Healthcare, Manufacturing, Retail and Logistics) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • September, 2022: Acronis International GmbH–announced that Florida Panthers joined Acronis #TeamUP program, an exclusive offer to join Acronis’s Managed Service Providers (MSPs). Acronis will now serve as the Cyber Protection Partner of the National Hockey League’s Florida Panthers to keep all parties’ data safe and #CyberFit.
  • August, 2022: – Netskope, Inc.  - announced the acquisition of Infiot. Netskope leads in Security Service Edge (SSE) and Zero Trust whereas Infiot works towards enabling secure, reliable access with zero trust security, AI-driven operations and network and application optimization.

Global Cloud Data Loss Prevention Solution Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~22%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2033)

~ USD 6 Billion

The global cloud data loss prevention solutionmarket is estimated to garner a revenue of ~USD 6 billion by the end of 2033 by growing at a CAGR of ~22% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 2 billion in the year 2022. The growth of the market can primarily be attributed to the rising concern about cloud-based data breaches around the world. For instance, in the period between 2021 and 2022, approximately 45% of businesses experienced a cloud-based data breach globally.

Cloud-Data-Loss-Prevention-(DLP)-Solution-Market

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Data Loss Prevention (DLP) is a fully managed service designed to discover, classify, and protect your sensitive data, where it resides from databases, text-based content, or even images. It helps provide visibility and classify your sensitive data across your entire organization. The three main types of data loss prevention software include network DLP, endpoint DLP and cloud DLP. Cloud DLP provides tools to classify, mask, tokenize, and transform sensitive elements to help you better manage the data that you collect, store, or use for business or analytics. With support for structured and unstructured data, cloud DLP can help you preserve the utility of your data for joining, analytics, and Artificial Intelligence (AI) while protecting the raw sensitive identifiers.With the rising malicious attempts, the demand for cloud data loss prevention solution is on the rise amongst the organizations, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global cloud data loss prevention solution market during the forecast period. For instance, more than 5 million distributed denial-of-service (DDoS) attacks were recorded in 2021.

Global Cloud Data Loss Prevention Solution Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Use of Software as a Service (SaaS) –The rising demand for SaaS is driving the market for cloud data loss prevention solutions. Cloud DLP provides visibility and protection for sensitive data in SaaS and other applications. It was found that, over 90% of the organizations globally usedone or more SaaS solutions in 2021.
  • Growing Amount of DataAccording to estimates, by the end of 2021, around 2.5 quintillion bytes of data was produced every day.
  • Rising Number of Internet of Things (IoT) Connected Devices – According to a recent data, about 18 billion devices are estimated to be connected to IoT worldwide by 2022.
  • Increasing Penetration of Internet – It was observed that,by the first quarter of 2022, around 63% of the global population used internet.

Challenges

  • Lack of Stringent Data Protection and Privacy Policy
  • Possibility of Failurein Interpreting Encrypted Traffic
  • Lack of Qualified Professionals and Solution Developers

The global cloud data loss prevention solution market is segmented and analyzed for demand and supply by deployment modelinto on-premise and cloud. Amongst these segments, the cloud segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing use of the cloud in businesses along with the rise in spending on cloud services infrastructure worldwide. It was found that, in 2021, around USD 41 billion was spent on cloud service infrastructure globally.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Cloud Data Loss Prevention Solution Market Regional Synopsis

Regionally, the global cloud data loss prevention solution market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in North America is projected to hold the largest market share by the end of 2033, backed by the presence of a cloud network in the region, the growing number of data breaches, as well as the rising demand for data scientists. According to the United States Bureau of Labor Statistics report, by 2026, the demand for knowledgeable and skilled data scientists is estimated to grow owing to a 27.9% rise in employment.

Cloud-Data-Loss-Prevention-(DLP)-Solution-Market-Size-Share

The global cloud data loss prevention solutionmarket is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global cloud data loss prevention solutionmarket includes the following segments:

By Deployment Model

  • On-premise
  • Cloud-based

By Solution

  • Network DLP
  • Endpoint DLP
  • Datacenter/Storage-based DLP

By End-User

  • IT and Telecom
  • BFSI
  • Government
  • Healthcare
  • Manufacturing
  • Retail and Logistics
 

Top Featured Companies Dominating the Global Cloud Data Loss Prevention Solution Market

  • Acronis International GmbH
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Netskope, Inc.
  • Broadcom Inc. (Symantec)
  • Mcafee LLC
  • GTB Technologies Inc.
  • Digital Guardian Inc.
  • CoSoSys SRL
  • Trend Micro Incorporated
  • Proofpoint Inc.
  • Check Point Software Technologies Ltd.

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