According to a new report, published by KBV research, The Global Data Loss Prevention Market size is expected to reach $14.2 billion by 2030, rising at a market growth of 21.3% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 22.9% during (2023 - 2030). DLP consulting services assist organizations in understanding their specific data protection needs. They provide assessments, gap analysis, and DLP strategy development, helping businesses align DLP initiatives with their goals and compliance requirements. Penetration testing services simulate cyberattacks to evaluate an organization's DLP effectiveness. These tests identify vulnerabilities and areas that require improvement in the DLP implementation.
The Encryption segment acquired the maximum revenue in the Global Data Loss Prevention Market by Application in 2022 thereby achieving a market value of $3.5 billion by 2030. As data loss is propelling, setting up policies and guidelines to detect and govern sensitive data movements within the organization is essential. Organizations provide an extra layer of security by combining encryption with DLP. The encryption segment is evolving as it protects data by turning it into an unreadable ciphertext format via cryptographic methods. Individuals with encryption keys can decrypt and access the data.
The Healthcare segment has shown the high growth rate of 23% during (2023 - 2030). Healthcare providers and organizations maintain vast electronic health records that contain highly sensitive patient information. DLP solutions ensure that access to EHRs is restricted to authorized personnel and that data is not inappropriately shared or leaked. DLP solutions can enforce strict access controls, ensuring only authorized healthcare specialists can access patient data. This helps prevent data breaches caused by unauthorized access, whether intentional or accidental.
The North America region dominated the Global Data Loss Prevention Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.9 billion by 2030. The Europe market is poised to grow at a CAGR of 21.1% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 22.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/data-loss-prevention-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Broadcom, Inc., IBM Corporation, Microsoft Corporation, Trend Micro, Inc., McAfee Corp, Palo Alto Networks, Inc., GTB Technologies, Inc., Infowatch, Fortra, LLC (HGGC), and Cisco Systems, Inc.
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