Cloud DLP Solution Market Size

Cloud Data Loss Prevention (Dlp) Solution Market size was valued at USD 2.45 Billion in 2023 and is set to exceed USD 33.5 Billion by the end of 2036, expanding at over 22.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cloud data loss prevention solution is evaluated at USD 2.94 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.