Security News > 2021 > December > Enterprise data loss prevention market to reach $6.265 billion by 2026

The global enterprise data loss prevention market is projected to grow at a CAGR of 21.03% to reach $6.265 billion by 2026, from $1.647 billion in 2019, according to ResearchAndMarkets.

The increasing rate of data breaches along with other factors such as DLP as a service, DLP functionality extending into the cloud, and advanced threat protection against these data breaches are the major factors driving the enterprise data loss prevention market.

The rising demand for a growing amount of both structured and unstructured data, digital assets, and the increasing need for data security services with a major focus on data-centric organizations or enterprises have led to the growth of the enterprise data loss prevention market.

The impact of COVID-19 on the enterprise data loss prevention market has been positive as many of the industries and enterprises have gone digital with their data due to the ongoing pandemic where industries and enterprises were shut due to the restrictions imposed by the governments.

Data loss prevention is expected to uphold in large enterprises owing to the increased risk of data loss than small or medium industries which hold less data as compared to larger enterprises and hence less risk.

The enterprise data loss prevention is anticipated to grow owing to its high demand in the healthcare industry as it uses the cloud for backup and data recovery and the rapidly increasing electronic health/medical record are demanding larger security against cyberattacks therefore the increase in the demand for data loss prevention.

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https://www.helpnetsecurity.com/2021/12/28/enterprise-data-loss-prevention/