The cloud Data Loss Prevention (DLP) market is expected to grow from USD 744.4 Million in 2017 to USD 2,508.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.5%, owing to the heavy increase of cloud adoption and the increasing employee mobility and Bring Your Own Device (BYOD) trend.
Some of the major players in the cloud DLP market include CA Technologies (New York, US), Check Point Software Technologies (Tel Aviv, Israel), Cisco Systems (California, US), Clearswift (Berkshire, UK), Digital Guardian (Massachusetts, US), Forcepoint (Texas, US), McAfee (California, US), Netskope (California, US), Symantec (California, US), and Zscaler (California, US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; mergers and acquisitions; business expansions; and new product launches to achieve a strong foothold in the cloud DLP market and gain better profit margins.
Check Point Software Technologies is a pioneer in providing cloud DLP products. The company focuses on both inorganic and organic growth strategies to maintain a competitive edge over the other players in the market. Organically, the company has been extensively launching new products and enhancing the capabilities of the existing ones, to cater to the needs of its customers, including the Small and Medium-sized Enterprises (SMEs), across the globe. For instance, in May 2016, Check Point Software Technologies announced the launch of Check Point 770 and 790 appliances to address the needs of small enterprises. It would protect small enterprises from advanced threats and unnecessary exposures. The company is also said to be investing a large amount of its annual revenue in R&D to deliver an innovative set of products and make a strong foothold in the untapped regions. For instance, in 2016, the company is said to have invested USD 178.3 million in R&D.
Symantec has adopted excellent business strategies and the company generates its revenue by catering products and services to 2 business units: enterprise security and consumer security. Symantec receives more than 50% of its revenue from the enterprise security business unit. The go-to-market strategy of the company is based on its direct sales to enterprise customers and significant relationships with Original Equipment Manufacturers (OEMs), Internet Service Providers (ISPs), and retail and online stores. The company has a worldwide reach, with regional and sales offices set up in North America, Europe, MEA, APAC, and Latin America. Symantec receives more than 50% of its revenue from the North American and Latin American regions. The company serves its cloud DLP products and services for various verticals, such as automotive, cyber insurance, education, financial services, global service providers, industrial control systems, healthcare, and retail. The cloud DLP market research report analyzes the global adoption trends, future growth potential, key drivers, vendor portfolio analysis, restraints, opportunities, and value chain of the cloud DLP market.
Cloud DLP Market by Component (Solution and Service), Service (Professional, and Managed Services), Organization Size, Vertical (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods), and Region - Global Forecast to 2022
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