Christy Publications Data Loss Prevention Market | Page 2

sector in cyber security market. This is used for protecting private information of data or cash
related to their customers. This confidential data is highly susceptible to cyber-threats.
Increasing utilization of mobile devices and high adoption of Internet by consumers are
expected to escalate the overall market growth. For instance, according to Coherent Market
Insights analysis, in 2016 over 68% of global population was already using mobile phones.
Industries including banking, finance and insurance, government and military, and retail and
manufacturing is another factor fueling growth of the market. For instance, according to the
Reserve Bank of India (RBI), for the year 2015 – 2016, 16,468 frauds were reported associated
with ATM, debit card, credit card, and net banking. In 2014 – 2015 the number of frauds were
13,083 and 9,500 in the year 2013 –14, reported by RBI. The data stored on cloud or on-premises
is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which
consequently increases the requirement of data loss prevention solutions.
Data Loss Prevention Market: Regional Insights
The global data loss prevention market is segmented on the basis of regions into North America,
Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America region accounted
for the largest share in global data loss prevention market in 2016 and this region is expected to
dominate the global market by 2025. The dominance of this region is attributed to increased
adoption of cloud and big data technologies. For instance, according to Coherent Market
Insights analysis, in 2015, North America accounted for around 66% of the global cloud services
market, owing to rampant development of IT infrastructure and presence of major IT companies
such as Google, Microsoft, IBM, and Oracle in the region.
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Data Loss Prevention Market: Competitive Background
Major players operating in the global data loss prevention market include Symantec
Corporation, CA Technologies, BAE Systems, Websense, Inc., Trend Micro Incorporated, Digital
Guardian, Code Green Networks, Trustwave Holding, Inc., Zecurion, and GTB Technologies, Inc.