Data loss prevention (or DLP) refers to the strategy that ensures end-users do not exchange or send critical data outside their corporate plexus. Term DLP, is also used to illustrate software products that empowers network administrators to put a check on what sensitive data end-users can exchange or transfer.
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These software products apply business precept to categorize and safeguard confidential and sensitive data so that unaccredited end-users cannot share information as such revelation could put a company at risk.
The emergence of DLP technology provides both information technology and security staff a complete 360 degree perspective of a specific location, circulation and utilization of information across the company.
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For those concerned about lost revenues, fines, lost revenues. pertaining to data breaches, DLP puts all the opportunities of theft to rest.
Enterprises concerned about their next audit and intend to maintain data compliance with complicated regulation trust DLP technology. The technology is boon for those trying to safeguard their proprietary data against security breaches caused by enhanced staff mobility and advent of innovative channels.
Success of sensitive data protection in cloud and virtual models has created new opportunities for data loss prevention technology.
The technology recognizes sensitive information and automates encryption, when in use, rest or motion, thus preventing its circulation to third-party facilities or organizational structures. On the basis of geography, North America is likely to grow in terms of market size, while markets such as LAMEA and APAC are anticipated to observe a rise in market propulsion with highest CAGRs during 2014-2020.
Demand shift towards personal and public cloud, are also boosting up the requirement for DLP technology. The prominent players in the domain includes Digital Guardian, Zecurion, CA Technologies, Symantec and more.
Major market players are expected to develop highly advanced and user friendly solutions to empower companies with required tools to curb data-thefts and thereby, build significant industry traction during the forecast period 2014-2020.
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