Persistence Market Research
In the era of global digitization, all sensitive data such as patient information, financial information, credit card details, social security numbers, and other personal information are stored on cloud. Data loss prevention protects enormous data and ensures safety against breach or unauthorized access. . Thus, the global cloud data loss prevention market is expected to surge during the forecast period. North America is expected to dominate the global cloud data prevention market due to its technological advancement.
Beta data loss prevention helps find sensitive data and protects around 50 types of data. This new ways of data protection includes process such as de-identification, redaction, masking, and tokenization.
De-identification: De-identification is a process that separates identity from personal information. For an instance- a patient will be de-identified to preserve his privacy regarding availability of personal information.
Redaction & Suppression: Redaction is a process where the entire information gets removed or suppressed from the database. For instance: if a customer calling at call center can choose to redact his personal information such as name, his social security number or phone numbers. The agent at the other end will not be able to view them on his system.
Selective Masking: Selective Masking hides a part of information and ensures data safety. For instance many banks while sending SMS to their customers’ hide a part of bank account or any number pertaining to finances. Example – a bank may send a message stating US$1,000 has been deducted from account number 4563 **** **** ****, the idea is to protect it from hackers.
Tokenization: This process is also knows as safe hashing. It uses an algorithm that replaces direct values or identifiers with a token or pseudonymous character.
Cloud Data Loss Prevention Market: Introduction
In today’s world, huge amount of sensitive data such as customer financial information, patient health information, personal confidential documentation or intellectual property documents is moving to the cloud, but many enterprises lack policy controls for data stored in cloud services. Data loss prevention is a process of protecting sensitive data which is at rest, in-motion and endpoint to reduce the chances of data theft or unauthorized exposure. Cloud data loss prevention solutions protect enterprises that have adopted cloud storage. Cloud DLP solution ensure that data is encrypted and sent to authorized cloud applications. This solution offers a built in support for scanning and classifying sensitive data in cloud storage.
Cloud DLP helps in detecting data policy violation, prevents data leakage and uses data discovery and classification to find and understand sensitive data.
Cloud Data Loss Prevention Market: Drivers and Restraints
Factors such as increase focus of organizations to meet data regulations, compliance requirements for the data saved on public and private cloud and increasing instances of data breaches and cyber-attacks at various platforms are the factors driving the growth of cloud data loss prevention. Moreover, law enforcement agencies around the globe are promoting efficient and effective use of technology for protecting individual and organization data.
However, lack of qualified professionals for developing cloud data loss prevention solutions and deficient knowledge regarding cloud data loss prevention are some factors causing a hindrance in the growth of cloud data loss prevention.
Cloud Data Loss Prevention Market: Segmentation
Cloud Data Loss Prevention can be segmented on the basis of solution type, deployment type, application industry vertical, end-user size and region wise. On the basis of solution type, it can be further segmented into network DLP, endpoint DLP and storage DLP. On the basis of deployment type cloud DLP market is further segmented into public and private cloud. Application wise market is further segmented into encryption, storage, web protection, policy and standards and others. By industry vertical, this market can be sub-segmented into IT and telecom, BFSI, healthcare, government and defence, manufacturing, retail and logistics, energy and utility and others. On the basis end user type, market is further segmented into small & medium enterprises and large enterprises. Region wise, cloud data loss prevention can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe and Middle East & Africa.
Cloud Data Loss Prevention Market: Regional Overview
North America cloud data loss prevention holds the largest market share and is expected to dominate the market in the near future owing to large number of early technology adopters in this region. Europe contributes a significant market share in cloud data loss prevention market due to rise in adoption of cloud services by small, medium and large enterprises in these regions. Asia-Pacific region is expected to show the highest growth rate as enterprise are adopting cloud data loss prevention to combat IT security threats and increased digitization in this region.
Cloud Data Loss Prevention Market: Key Players
CipherCloud, McAfee, Trustwave, Check Point Software Technologies Ltd, Symantec, Digital Guardian, Skyhigh Networks, Blue Coat Systems, Cisco Systems, Code Green Networks and Zecurion are some of the key players in Cloud Data Loss Prevention market.
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