The technology recognizes sensitive information and automates encryption, when in use, rest or motion, thus preventing its circulation to third-party facilities or organizational structures.
Portland, OR -- (SBWIRE) -- 08/24/2017 -- Data loss prevention (or DLP) refers to the strategy that ensures end-users do not exchange or send critical data outside their corporate plexus. Term DLP, is also used to illustrate software products that empowers network administrators to put a check on what sensitive data end-users can exchange or transfer. These software products apply business precept to categorize and safeguard confidential and sensitive data so that unaccredited end-users cannot share information as such revelation could put a company at risk.
The emergence of DLP technology provides both information technology and security staff a complete 360 degree perspective of a specific location, circulation and utilization of information across the company. For those concerned about lost revenues, fines, lost revenues etc. pertaining to data breaches, DLP puts all the opportunities of theft to rest. Enterprises concerned about their next audit and intend to maintain data compliance with complicated regulation trust DLP technology. The technology is boon for those trying to safeguard their proprietary data against security breaches caused by enhanced staff mobility and advent of innovative channels. Success of sensitive data protection in cloud and virtual models has created new opportunities for data loss prevention technology.
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The technology recognizes sensitive information and automates encryption, when in use, rest or motion, thus preventing its circulation to third-party facilities or organizational structures. On the basis of geography, North America is likely to grow in terms of market size, while markets such as LAMEA and APAC are anticipated to observe a rise in market propulsion with highest CAGRs during 2014-2020.
Growing compliance and regulatory demands worldwide are the major components driving the market expansion of DLP market. Regulatory pressure from SOX (or Sabanese Oxley Act), HIPPA (also popular as Health Insurance Portability & Accountability Act) etc. has increased and resulted in the rising demand for DLP services among SMBs (or Small and Medium Business) and major brands.
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The market by type stays promising as endpoint security market service providers are highly determined to curb information technology security risks, increasing BYOD trends among enterprises and rise in the frequency of internal data theft.
Besides this, growing internet penetration rate and high dependency on the communication channel has attracted the attention of many hackers. Therefore, surge in data breach cases and need to remit these risks have contributed to the significant growth of the market over the coming years. Corporate race for meeting compliance as well as regulatory mandate too have contributed to the market growth. Demand shift towards personal and public cloud, are also boosting up the requirement for DLP technology. The prominent players in the domain includes Digital Guardian, Zecurion, CA Technologies, Symantec and more. Major market players are expected to develop highly advanced and user friendly solutions to empower companies with required tools to curb data-thefts and thereby, build significant industry traction during the forecast period 2014-2020.
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Data Loss Prevention Market Key Segments
Data Center DLP
Policy, Standards and Procedures
Web and Email Protection
Cloud Data Loss Protection
MSS (Managed Security Services)
Training and Education
System Integration and Installation
Threat and Risk Assessment
SMBs (or Small and Medium Business)
Defense & Intelligence
Public Utilities & Government Bodies
IT & Telecom
Key Market Players