LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global data loss prevention (DLP) market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global data loss prevention market will grow at a CAGR of close to 24% during the forecast period. The growing use of cloud for data storage is a major factor driving the market’s growth.
Cloud services allow enterprises to invest reasonably in supporting and maintaining the infrastructure requirements to provide accessible data storage. However, storing data in the cloud may put the data at risk of unauthorized access or loss of data. This leads enterprises to adopt DLP solutions to ensure that the sensitive data in the cloud is protected, while the enterprise and its employees benefit from the efficiency and scalability of the cloud.
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In this report, Technavio highlights the use of IT analytics for preventing data loss as one of the key emerging trends in the global data loss prevention market:
Use of IT analytics for preventing data loss
The incorporation of IT analytics and DLP requires advanced analytics to determine the threat and deliver the flexible solutions to respond appropriately, based on business processes and risk tolerance of the enterprise. Also, IT analytics is powerful business intelligence and ad-hoc reporting tool that helps employees in an enterprise to access DLP console to run reports.
According to a senior analyst at Technavio for IT professional services research, “This unification will protect sensitive data from malicious or careless insiders as well as external hackers. Hence, some of the vendors are providing IT analytics with their DLP solution to provide better solutions to the enterprise. For instance, Symantec DLP solution uses IT analytics deployed by Bay Dynamics. It provides additional reports, cube-based reporting, and key performance indicators.”
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Global data loss prevention market segmentation
This market research report segments the global data loss prevention market by deployment (cloud-based and on-premise) and key regions (the Americas, APAC, and EMEA).
Based on geography, the Americas held the largest market share of over 59%, followed by EMEA and APAC. However, the market share of the Americas is expected to witness a small decline over the forecast period, while that of the other two regions will increase by a small percentage.
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