This industry research report outlines the market forecast for data loss prevention (DLP) applications until 2019. This research report includes market shares for deployment models through 2019 (Cloud-based and on-premise). Market shares for APAC, Americas, and EMEA are also provided. The leading companies analyzed by this report include EMC, McAfee, Symantec, Trend Micro, and Websense.
Technavio’s market research analysts estimate the global DLP applications market to grow at a CAGR of around 24% between 2015 and 2019. Owing to an increased number of cyber threats affecting networks and endpoints, enterprises are opting for DLP applications to protect their confidential data from unauthorized access. The Americas dominate the global market for DLP applications, occupying around 48% of the total market share. The growing risk of cyber threats and regulatory requirements are two of the major drivers of the market in the region.
The new market research report from Technavio provides a breakdown and analysis of the data loss prevention applications segments by technology.
“Owing to the increased risks while using managed DLP applications, the end-users are gradually shifting towards hybrid cloud-based solutions. These solutions ensure on-premises data protection without the need for skilled workers, thus lowering the TCO for an organization. The hybrid solutions follow the pay-per-use model, and are less expensive. Moreover, the hybrid cloud-based solutions have advantages such as ease of installation and upgradation,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
The market revenue for on-premises deployment model for DLP applications is expected to grow during the forecast period due to its high adoption by sectors such as healthcare, BFSI, and government. Also, the model provides total ownership of data protection to organizations with self-administered regulations to avoid any loss.
The leading vendors in the global DLP applications market include EMC, McAfee, Symantec, Trend Micro, and Websense. The market is very dynamic as a number of global players are collaborating with existing vendors to expand their reach in various regions worldwide. Also, the vendors are innovating cost-effective DLP solutions in the market.
A more detailed analysis is available in the Technavio report, Global DLP Applications Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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