Data loss prevention (DLP) solutions prevent sensitive data from being insecurely stored, used, or transmitted. It decreases the likelihood of data theft or unauthorized exposure by securing the data. Cloud DLP solutions precisely secure organizations that have adopted cloud storage by preventing sensitive data from entering the cloud before it is encrypted. It allows data to be exchanged with authorized cloud applications after encryption. Most of these solutions change or erase sensitive data before sharing it on the cloud to ensure data security while in transit and cloud storage.
Regulatory, compliance & enforcement and rapidly increasing cloud adoption are driving the growth of the market. In addition, the increasing employee mobility and bring your own device (BYOD) culture is fueling the growth of the Cloud DLP market. However, lack of awareness & education and enterprise budgetary constraints limit the growth of this market. Conversely, growing data sprawl is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The global Cloud DLP market is segmented into component, enterprise size, industry verticals, and region. Depending on the component, the market is divided into software and services. Based on enterprise size, it is categorized into large enterprises and SMEs. Based on industry verticals, it is bifurcated into banking, financial services, and insurance (BFSI), retail and consumer goods, healthcare and life sciences, manufacturing, IT and telecommunications, government and public sector, education, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud DLP market is dominated by key players such as Broadcom Inc, Check Point Software Technologies LTD., Cisco Systems, Inc., Forcepoint, Help/Systems, LLC, Lookout, Inc., McAfee, LLC, Netskope, Zecurion and Zscaler, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Regulatory, compliance & enforcement and rapidly increasing cloud adoption are driving the growth of the market. In addition, the increasing employee mobility and bring your own device (BYOD) culture is fueling the growth of the Cloud DLP market. However, lack of awareness & education and enterprise budgetary constraints limit the growth of this market. Conversely, growing data sprawl is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The global Cloud DLP market is segmented into component, enterprise size, industry verticals, and region. Depending on the component, the market is divided into software and services. Based on enterprise size, it is categorized into large enterprises and SMEs. Based on industry verticals, it is bifurcated into banking, financial services, and insurance (BFSI), retail and consumer goods, healthcare and life sciences, manufacturing, IT and telecommunications, government and public sector, education, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud DLP market is dominated by key players such as Broadcom Inc, Check Point Software Technologies LTD., Cisco Systems, Inc., Forcepoint, Help/Systems, LLC, Lookout, Inc., McAfee, LLC, Netskope, Zecurion and Zscaler, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cloud dlp market analysis from 2021 to 2031 to identify the prevailing cloud dlp market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cloud dlp market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cloud dlp market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Solution
- Service
By Enterprise Size
- Large Enterprises
- SMEs
By Industry Vertical
- Others
- BFSI
- IT and Telecommunication
- Energy and Utilities
- Government and Public Sector
- Healthcare and Life Sciences
- Retail and Consumer Goods
- Manufacturing
By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Broadcom Inc
- CHECK POINT SOFTWARE TECHNOLOGIES LTD.
- CISCO SYSTEMS, INC.
- Forcepoint
- Help/Systems, LLC
- Lookout, Inc.
- McAfee, LLC
- Netskope
- Zecurion
- Zscaler, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CLOUD DLP MARKET, BY COMPONENT
CHAPTER 5: CLOUD DLP MARKET, BY ENTERPRISE SIZE
CHAPTER 6: CLOUD DLP MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: CLOUD DLP MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Cloud DLP Market," the cloud dlp market size was valued at $2.4 billion in 2021, and is estimated to reach $27.5 billion by 2031, growing at a CAGR of 28% from 2022 to 2031.Global cloud DLP provides automation to various functions of the global financial sector which include audit, risk & compliance management, BI & analytics applications, business transaction processing, customer experience, and enterprise IT. Apart from automating the functions, the applications also help in automating the analysis of huge chunks of quantified data which in turn helps in drafting organizational strategies and strategic decision making. Furthermore, the rising emergence of demand for digital channels for Banking and enhanced customer services offered by cloud DLP is driving the growth of the market. In addition, the surging demand for workforce optimization solutions is fueling the growth of the cloud DLP market. However, increasing the cost of deployment and adhering to different political factors and regulatory compliances limit the growth of this market. Conversely, growing investment in big data, mobility, and cloud technologies by the fintech companies is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
Depending on the enterprise size, the large enterprise segment dominated the cloud DLP market share in 2021 and is expected to continue this trend during the forecast period, owing to the increase in dependence on cloud DLP solutions due to rapidly growing digital data availability in the form of consumer profiles, customer feedback, social media interactions, and others. However, the SMEs segment is expected to witness the highest growth in the upcoming years, owing to the increase in investments by the market players to develop security cloud services for SMEs.
Region-wise, the cloud DLP industry was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the rising adoption of self-service across their merchandising and service segments to enhance their customer engagement, and government initiatives promoting digitization and smart city development aiding the growth of the cloud DLP market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to expanding access to financial services for more people means a higher growth rate over the region, which is expected to fuel the market growth in this region.
The impact of the COVID-19 outbreak impacted global operations across various industries in different regions. With the emergence of the COVID-19 pandemic, the market is anticipated to grow further as the total volume of data being generated across the world is rising at a much faster pace. Moreover, enterprises across the world are increasingly adopting better security solutions as part of their digital transformation process, thereby augmenting the growth of the market.
Moreover, as a result of the COVID-19 lockdowns, the companies started to switch to remote working environments, and an unprecedented number of people are now making usage of mobile devices as their primary communications device, thereby creating more endpoints for the organization to secure from the rising cyber threats. These factors are expected to boost cloud DLP market forecast growth during the forecast period.
Key Findings of the Study
- By component, the service segment accounted for the largest cloud DLP market share in 2021.
- Region-wise, North America generated the highest revenue in 2021.
- On the basis of enterprise size, the large enterprise segment generated the highest revenue in 2021.
- The global Cloud DLP market analysis is dominated by key players such as Broadcom Inc, Check Point Software Technologies LTD., Cisco Systems, Inc., Forcepoint, Help/Systems, LLC, Lookout, Inc., McAfee, LLC, Netskope, Zecurion and Zscaler, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud DLP industry.
Companies Mentioned
- Broadcom Inc
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- Forcepoint
- Help/Systems, LLC
- Lookout, Inc.
- Mcafee, LLC
- Netskope
- Zecurion
- Zscaler, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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