The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Enterprise Data Loss Prevention Software Market Size. The growth sectors of the Enterprise Data Loss Prevention Software Market Size are identified with precision for a better growth perspective.
The enterprise data loss prevention software aids in the monitoring and protection of valuable business information and assets. The next generation of data protection and storage is anticipated to boost the growth of the data loss prevention software (EDLP) market. It aids in the provision of data transmissions in real-time. The study, conducted by Market Research Future (MRFR), and presented in the format of a report, reveals that the enterprise data loss prevention software is gaining momentum in terms of growth due to the rising adoption of cloud-delivered web-security service and cloud access security broker for ensuring a safe web experience for the protection of sensitive organizational data. Owing to this the global enterprise data loss prevention software market size is anticipated to expand at a robust CAGR of 21% during the forecast period.
The world enterprise data loss prevention software market is estimated to garner a market revenue valuation of USD 2.1 billion by the end of the forecast period. This can be because organizations are gaining flexibility of safe handling of sensitive data. These software are highly scalable, provide impressive cloud coverage, block threat, prioritize sensitive data, and are compatible with the forensic analysis, among other features. Further, the adoption of cloud computing and a rise in the mid-market penetration, the global data loss prevention software is also deployed as a managed service.
The global EDLPS market is studied for a detailed segmentation that is based on deployment type, components, applications, and region. Based on components, the global enterprise data loss prevention software market is segmented into service and solution. The solution market is further sub-segmented into endpoint DLP, storage/ data center DLP, and network DLP. The sub-segments of the services segment, as studied in the report include consulting , managed security services, and system integration and installation.
Based on deployment type, the global EDLP software market is segmented into on cloud, and on premise. The EDLP software market is segmented into BFSI, IT and telecommunication, healthcare, government, and manufacturing.
Detailed Regional Analysis
The global market for enterprise data loss prevention software is analyzed into the regions of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. The report has stated that the enterprise data loss prevention software market share is mainly held by North America over the forecast period. The market for enterprise data loss prevention software in the region is witnessing huge demand in several sectors including banking healthcare and banking.
The (EDLP) enterprise data loss prevention software market in Europe is anticipated to expect rapid growth in the forthcoming years. Europe’s market is likely to garner the second position in the global enterprise data loss prevention software market over the forecast period. This can be accredited to the huge deployment noted in this regional market for proactive web communications, applications, and email, prevention of personal identifiable information and intellectual property from being leaked through cloud-based applications.
Some prominent players in the global enterprise data loss prevention software market, as profiled in the latest report include Dell EMC (U.S.), Hewlett-Packard Company (U.S.), McAfee Inc. (U.S.), Symantec Corporation (U.S.), Cisco Systems Inc. (U.S.), Digital Guardian (U.S.), Somansa Technologies Inc. (U.S.) Fidelis Cybersecurity (U.S.), Forcepoint LLC (U.S.), and GTB Technologies Inc. (U.S.).
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