Cloud DLP Solution Market Size

  • Report ID: 4363
  • Published Date: Mar 06, 2023
  • Report Format: PDF, PPT

Cloud DLP Solution Market Size

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.

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Author Credits:  Abhishek Verma

  • Report ID: 4363
  • Published Date: Mar 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing use of software as a service (SaaS) and the rising number of internet of things (IoT) connected devices are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 22% over the forecast period, i.e., 2023-2033.

Challenges of complex configuration and management are estimated to be the growth-hindering factors for market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Netskope, Inc., Broadcom Inc., Cisco Systems, Inc., Microsoft Corporation, GTB Technologies, Inc., Digital Guardian Inc., CoSoSys SRL, Trend Micro Incorporated., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by deployment model, solution, end-user, and by region.

The cloud-based segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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