DATA LOSS PREVENTION MARKET ANALYSIS

Data Loss Prevention MarketSize and Trends

Demand for data loss prevention solutions is increasing significantly due to rising cyber-attacks. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8% recorded in June. Cyber Espionage slides to 10.1% from 15.6% of June whereas Cyber Warfare plummets to 4.3% from 9.4%. Banking and financial sector is the major sector in cyber security market. This is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. Increasing utilization of mobile devices and high adoption of Internet by consumers are expected to escalate the overall market growth. For instance, according to Coherent Market Insights analysis, in 2016 over 68% of global population was already using mobile phones. Industries including banking, finance and insurance, government and military, and retail and manufacturing is another factor fueling growth of the market. For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015 the number of frauds were 13,083 and 9,500 in the year 2013 –14, reported by RBI. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of data loss prevention solutions.

Market- Trends

On the basis of solutions, the global data loss prevention market is segmented into:

• Network Data Loss Prevention
• Endpoint Data Loss Prevention
• Data Center Data Loss Prevention

On the basis of services, the global data loss prevention market is segmented into:

• System Integration & Installation
• Managed Security Services (MSS)
• Education & Training
• Consulting
• Risk & Threat Assessment

On the basis of deployment model, the global data loss prevention market is segmented into:

• On-Premise
• Cloud Data Loss Prevention

On the basis of organization size, the global data loss prevention market is segmented into:

• Small and Medium Businesses
• Large Enterprises

On the basis of application, the global data loss prevention market is segmented into:

• Cloud Storage
• Encryption
• Policy, Standards & Procedures
• Centralized Management
• Web & Email Protection
• Incident Response & Workflow Management

On the basis of end user industry, the global data loss prevention market is segmented into:

• Banking, Financial Services and Insurance (BFSI)
• Aerospace, Defense & Intelligence
• Government and Public Utilities
• Retail, Manufacturing & Logistics
• Telecomm and IT
• Healthcare
• Others