Garrett Bekker, Senior Analyst at 451 Research, recently published an excellent report on the data loss prevention (DLP) market that includes in-depth analysis and extended forecasting. The report notes a resurgence in DLP, which can be attributed to many factors including the growing increase in targeted attacks and attempts to access and exfiltrate sensitive data – including payment card information, personally identifiable information, health records, intellectual property, source code, and financial statements.
With the increase in high-profile breaches, including Sony, Anthem, JP Morgan Chase, Target, and Home Depot, the weaknesses and limitations of traditional security have been exposed. Corporations are now taking a closer look at data security strategies and proven methods for data protection, with data loss prevention leading the charge.
Originally DLP was intended to prevent accidental or inadvertent loss of sensitive data that went outside the corporate network. It is also widely adopted to cover many compliance regulations, such as PCI-DSS, HIPPA, and SOX. However, due to the recent wave of data breaches (which does not appear to be slowing anytime soon) DLP is undergoing a new surge of popularity as it's being used to protect sensitive data from purposeful data theft by malicious insiders and external attackers.
This report evaluates the current state of the security market, its dynamics and how it relates to DLP specifically. It utilizes different approaches to estimate the current size of the DLP market while presenting the forecast for future growth over the next few years. By 2019, the report predicts that the total annual revenue will grow to $1.7 billion.
Although data breaches and compliance are the primary market drivers for DLP, other factors are coming into play that are contributing to its growth – including the adoption of cloud computing, an increase in mid-market penetration and DLP being offered as a managed service.
Read the complete report to find out more about DLP’s current and trending market dynamics as well as the extended forecast and learn why DLP is increasingly being viewed as a major component for a more holistic threat protection strategy.
Click here to learn more: http://info.digitalguardian.com/451-data-loss-prevention-market-by-numbers.html
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