Cloud DLP Market
Market Synopsis:
Data loss prevention (DLP) is the approach used to ensure that sensitive data is not lost, misused, or accessed by unauthorized users. It also aims to prevent confidential information from being stored, used, or transferred insecurely. Cloud DLP solutions mainly support the organizations that have adopted cloud storage. It also makes sure that sensitive data does not pass into the cloud without being encrypted and is only sent to the authorized cloud application. The classified or sensitive data is removed or altered by most of the cloud DLP solutions before files are shared to the cloud to ensure that the data is protected. The companies that do not implement a cloud DLP solution leaves cloud data protection to the cloud storage providers. Cloud DLP solutions enables the organizations to scan and audit data at any time which is already stored in the cloud.
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Market Growth Factors:
The demand for cloud DLP is increasing in various organizations, as they help the organizations to secure their critical and sensitive data, which is one of the major reason for the growth of market. The other driving factors are achievement of regulatory compliance’s, heavy increase in cloud adoption, and the increasing employee mobility & Bring Your Own Device (BYOD) trend are responsible for the growth of market. With the help of cloud DLP the organizations can continuously audit the uploaded files. One of the major challenge is that there is lack of awareness and education regarding the market.
Market Segmentation:
The cloud DLP market is divided into number of segments like component, service, organization size, vertical, and region. The component segment is split into solution and services. The service segment is bifurcated into professional services and managed services. The market can be used in large, small, and medium sized enterprises. It is used in number of industries like Banking, Financial Services, & Insurance (BFSI), Retail & consumer goods, Healthcare & life sciences, Manufacturing, IT & telecommunications, and others.
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Regional Analysis:
Cloud DLP market is split into various different regions like North America, Europe, APAC, MEA, and Latin America. North America is considered to have the largest market share, while APAC is the region with highest CAGR. The use of cloud technologies in APAC region is increasing tremendously. Therefore, the growth opportunities are more in this region.
Competitive Analysis:
There are number of competitors in the markets which includes Symantec, Check Point Software Technologies, Digital Guardian, Forcepoint , and McAfee . As the market growth rate is high the entrance of new vendors is possible in coming years. These companies have also done various developments like acquisition, product launch, collaboration and others for the market growth.
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Latest News:
AWS launches Macie AI powered DLP for the cloud
Amazon Internet Services (AWS) has launched security service known as Macie that makes use of machine learning to automatically classify sensitive information stored within the cloud and alert clients to unauthorized access or data leaks.
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