The Europe Cloud DLP Market would witness market growth of 27.1% CAGR during the forecast period (2022-2028).
Robust cloud DLP systems provide granular controls and extensive support for all major cloud applications, which is especially valuable for enterprises that wish to restrict access in a specific set of circumstances. When a context-aware DLP engine can differentiate among managed & unmanaged devices, among users, and more, various rules may be applied to various groups - for instance, stricter restrictions in riskier circumstances and less rigorous policy actions on controlled devices. Suppose a financial services company wishes to remove all SSNs and credit card details from unmanaged devices. This is readily achieved using cloud DLP, which redacts emails, spreadsheets, text documents, and more in real time.
Traditionally, DLP solutions were used in regulated areas, including healthcare, manufacturing, financial services, energy, and government. But, as the demand for security has increased, DLP solution suppliers have been targeting advice and services firms that serve a variety of end-user sectors.
If an organization does not adopt a cloud DLP solution, cloud data protection is left to the cloud storage provider. Problems can develop, though, if the cloud service provider does not offer multi-factor authentication, cloud encryption, or rigorous access limits. In addition, a breach at a cloud storage provider might result in a breach of an organization's data if the business has not taken precautions to safeguard its data before sending it to the cloud.
The Network and Information Systems (NIS) Security Directive, which has been in place since 2016, specifies minimum protection measures for essential EU infrastructure. The NIS Directive establishes key criteria for strategic cooperation and the creation of a minimum common capability for the Member States. In addition, it urges operators of important services and digital service stakeholders to adhere to fundamental security criteria.
The Germany market dominated the Europe Cloud DLP Market by Country in 2021; thereby, achieving a market value of $714.8 million by 2028. The UK market is poised to grow at a CAGR of 26.1% during (2022 - 2028). Additionally, The France market would witness a CAGR of 28.1% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Government & Public Sector, Energy & Utilities, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud DLP Market will Hit $11 Billion by 2028, at a CAGR of 27.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint LLC, HelpSystems, LLC, McAfee Corp., Zscaler, Inc., Lookout, Inc., Netskope, Inc., and Zecurion.
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