Symantec (US) and Forcepoint (US) are the Leading Players in the Data Exfiltration Market
Data exfiltration is the process of illegal transfer of data from an enterprise IT infrastructure. The attack is carried out by hackers in real time with the help of various attack tools or by infiltrating malicious programs into the enterprise network. Data exfiltration are also done by employees and business partners of an organization, either intentionally or accidentally. The data exfiltration market study by MarketsandMarkets presents information on various data exfiltration attack approaches, trends, and security solutions to prevent the attack. Increasing cyberattack incidents on organizations to steal their sensitive business data and stringent regulations to protect data are the major driving factors for the wide adoption of data exfiltration prevention solutions and services. MarketsandMarkets forecasts the global data exfiltration market size to grow from USD 51.47 Billion in 2018 to USD 89.57 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.
Key players in the global data exfiltration market include Symantec (US), McAfee (US), Palo Alto Networks (US), Fortinet (US), Cisco (US), GTB Technologies (US), Zscaler (US), Sophos (US), Trend Micro (US), Check Point Software Technologies (US), Juniper Networks (US), FireEye (US), Digital Guardian (US), Barracuda Networks (US), Forcepoint (US), iboss (US), Alert Logic (US), Hillstone Networks (US), Clearswift (UK), CoSoSys (Romania), Securonix (US), Dtex Systems (US), HackerOne(US), and A1Logic (US). These players have adopted various growth strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product launches, to achieve further growth in the global data exfiltration market.
Symantec is among the leading players in the data exfiltration market. The fundamental objective of the company is to meet its clients’ requirements, and also provide new advancements in the data exfiltration market. The company caters to its clients across industry verticals, such as IT, telecommunications, Banking, Financial Services, and Insurance (BFSI), healthcare, retail, education, government, automotive, and utilities. It has its customer base across North America, Europe, and Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The company follows both organic and inorganic growth strategies for business expansions. For instance, in July 2017, Symantec acquired Fireglass, a security solution provider that enables protection from ransomware, malware, and phishing threats. This has enabled the company to further enhance its security solutions’ capabilities. Earlier in August 2016, the company acquired Blue Coat, a leading provider of web security solutions for enterprises and governments worldwide. The acquisition enabled Symantec to strengthen its cybersecurity capabilities across endpoint, email, web, network, and servers.
Forcepoint is another innovative provider of data exfiltration prevention solutions and services to Small and Medium-sized Enterprises (SMEs) and large enterprises across the globe. The company has a noteworthy presence across industry verticals including government, BFSI, healthcare, and retail. Forcepoint’s long-term strategy is to embed advancements to its cybersecurity solutions and enhance its capabilities through new product launches. For instance, in November 2017, the company enhanced its human-centric security portfolio with new features to improve the understanding of user behaviors and data flows throughout organizations for rapidly detecting and mitigating security risks. Earlier in August 2017, the company acquired RedOwl, a leader in security analytics, to provide the real-time view of cyber behaviors that help identify and address enterprise risks. These developments have enhanced the company’s capabilities as well as helped it to gain a significant market share in the global data exfiltration market.
Related Reports:
Data Exfiltration Market by Solution (UAM, Antivirus/Anti-malware, Firewall, IDS/IPS, Encryption, DLP, and Others (IRM, DNS Security, and Data Classification)), Service, Organization Size, Industry Vertical, and Region - Global Forecast to 2023
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