The Data Loss Prevention market is projected to grow from USD 3.4 billion in 2023 to USD 8.9 billion by 2028, at a CAGR of 21.2% during the forecast period, the high rate of Internet penetration and increasing dependency on it for communication has gained the attention of criminals and hackers. Thus, there has been a surge in cases of data breaches. To mitigate these risks, the DLP vendors have started offering DLP as part of a more broadly constituted portfolio of products. The DLP market is thus expected to experience significant growth over the coming years.
Various globally established players, such as Broadcom (US), IBM (US), Microsoft (US), Trend Micro (Japan), McAfee (US), Palo Alto Networks (US), GTB Technologies (US), InfoWatch (Russia), Fortra (US), Cisco Systems (US). etc., are dominating the Data Loss Prevention market. These competitors have used various growth methods to increase their market share in the Data Loss Prevention market, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.
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Broadcom is a global technology leader that provides infrastructure software, hardware, and services for cloud computing, software development, security, and networking. Broadcom’s Symantec Data Loss Prevention (DLP) solutions help organizations protect their sensitive data from unauthorized access, disclosure, use, modification, disruption, or destruction. Their solutions provide advanced data discovery, encryption, access control, and threat prevention capabilities. With a strong emphasis on both endpoint and network security, Broadcom’s DLP solutions enable businesses to proactively identify, monitor, and protect their critical data assets. These robust DLP tools are instrumental in ensuring regulatory compliance, mitigating data breaches, and enhancing overall data security for enterprises of all sizes.
Trend Micro has been an established player in providing dedicated software and related services. The company offers home and home office products, including PC and Media Access Control (MAC) protection, mobile device protection, password management, online backup sync products, and support services. The company caters to a diverse portfolio of customers. The company has an extensive portfolio of DLP solutions catering to small, medium, and large enterprises. As a mature player with multiple product offerings and a strong focus on the security market, the company is expected to maintain its position by introducing more innovative, integrated, and adaptive offerings for DLP solutions and services delivered via the cloud.
Data Loss Prevention Market by Offering (Solution, Services), Solution Type (Network DLP, Storage DLP, Endpoint DLP, Cloud DLP), Service (Consulting, Managed Security Service), Applications, Vertical and Regions - Global Forecast to 2028
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