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Cloud Data Loss Prevention (Dlp) Solution Market size is anticipated to reach USD 6 Billion by the end of 2033, witnessing around 22% CAGR during the forecast period, i.e., 2023 - 2033. In the year 2022, the industry size of cloud data loss prevention (DLP) solution USD 2 Billion. The growth of the market can be attributed to the rising concern about cloud-based data breaches around the world along with the increasing penetration of the internet in the global population. In modern times, the use of smartphones is increasing rapidly which has spurred the demand for cloud storage to store personal data such as images, documents, videos, music, and others. Along with these enhanced features, there can be sometimes harmful bugs attached to cloud services and they might be penetrated by third parties easily. For instance, in the period between 2021 and 2022, approximately 45% of businesses experienced a cloud-based data breach globally.
Global cloud data loss prevention (DLP) solution market trends such as rising malicious attempts boosting the demand for cloud data loss prevention solutions on the rise amongst 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, it was observed that every day, approximately ~500,000 new pieces of malware are placed across the globe. Additionally, in 2020, around 60% of organizations suffered from malware activities worldwide. Hence, these factors are estimated to hike the market growth over the forecast period.
Growth Drivers
Increasing Use of Software as a Service (SaaS) - It was found that over 90% of the organizations globally used one or more SaaS solutions in 2021.
The rising demand for SaaS is driving the market for cloud data loss prevention solutions. Software as a service (SaaS) is a service that enables users to make connections to cloud-based apps over the internet. Some of the different types of these devices are office tools, calendaring, email, and others. Cloud DLP provides visibility and protection for sensitive data in SaaS and other applications.
Growing Amount of Data over Cloud - According to estimates, by the end of 2021, around 2.5 quintillion bytes of data was produced every day around the world.
Rising Number of Internet of Things (IoT) Connected Devices – According to recent data, about 18 billion devices are estimated to be connected to IoT worldwide by 2022.
Increasing Penetration of the Internet - It was observed that, by the first quarter of 2022, around 63% of the global population used the internet around the globe.
Growing Instances of Cyber Attacks - For instance, more than 5 million distributed denial-of-service (DDoS) attacks were recorded in 2021 worldwide.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~22% |
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Base Year Market Size (2022) |
~ USD 2 Billion |
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Forecast Year Market Size (2033) |
~ USD 6 Billion |
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Regional Scope |
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Deployment Model (On-premise, Cloud-Based)
The global cloud data loss prevention (DLP) solution market is segmented and analyzed for demand and supply by deployment model into on-premise and cloud-based. Out of these types of deployment models, the cloud-based segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rise in spending on cloud services infrastructure worldwide as well as the growing use of the cloud in businesses. Multiple organization uses cloud services for several purposes to reduce the number of human errors. Furthermore, the escalating penetration of AI and IoT services is further expected to propel the segment growth over the forecast period. It was found that, in 2021, around USD 41 billion was spent on cloud service infrastructure globally.
End-user (IT, Telecom, BFSI, Government, Healthcare, Manufacturing, Retail, Logistics)
The global cloud data loss prevention (DLP) solution market is also segmented and analyzed for demand and supply by end-user into IT and telecom, BFSI, government, healthcare, manufacturing, retail, and logistics. The IT and telecom segment is expected to garner a significant share among these segments. Telecommunication companies are completely dependent on cloud data loss prevention (DLP) solutions to prevent any data loss that can damage their financial infrastructure and reputation. For instance, nearly USD 1 trillion was noticed to be spent on telecommunication services in 2022. Furthermore, the segment is also projected to grow on the back of rising data traffic by IT and telecom companies that require proper management and security. Cloud data loss prevention (DLP) solution provides such required management and security to its users at affordable prices. For instance, the annual rate of data traffic is observed to be nearly 50 exabytes globally.
Our in-depth analysis of the global market includes the following segments:
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By Deployment Model |
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By Solution |
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By End-User |
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North American Market Forecast
The North American cloud data loss prevention (DLP) solution market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the presence of a cloud network in the region, the growing number of data breaches, as well as the rising demand for data scientists and professional cyber security personnel. 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. Furthermore, the growing number of instances of data breaches in the region backed by the growing number of IT and telecommunication is estimated to expand the market size over the forecast period. In 2022, the average cost of a data breach in the United States was estimated to be around ~USD 4 million along with data breach costs in the healthcare industry of about USD 10 million.
APAC Market Statistics
Furthermore, the global cloud data loss prevention (DLP) solution market is also anticipated to witness remarkable growth in the Asia Pacific region on the back of increasing penetration of smartphones and the internet coupled with the launch of 5g. For instance, it is projected that by 2025, approximately 80% of the population in Asia Pacific will be using the internet. Furthermore, the presence of a higher number of unemployed hackers in the region, especially in Pakistan, India, and China is another major reason to boost the demand for cloud data loss prevention (DLP) solutions over the forecast period.
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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.
Netskope, Inc. announced the acquisition of Infiot, an emerging company in security, network & application optimization, AI-driven operations, and others. Infiot is going to provide a Fully Integrated, Single-Vendor SASE Platform wherein it facilitates Zero Trust security that is driven by AI.
Author Credits: Abhishek Verma, Hetal Singh
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