Cloud DLP Solution Market Trends

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

Cloud DLP Solution Market Trends

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

  • Challenge of Complex Configuration and Management – As data classification procedure is the most critical and difficult stage of a DLP system. Manual classification of this process is lengthy and prone to human errors while automating may result in misclassifying sensitive data. Well-configured DLP solutions require regular maintenance and time-consuming adjustments.
  • Lack of Stringent Data Protection and Privacy Policy
  • Possibility of Failure in Interpreting Encrypted Traffic

Cloud Data Loss Prevention (Dlp) Solution Market: Key Insights

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

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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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