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(Wireless-NewsWire.Com, October 11, 2018 ) According to Verified Market Intelligence, the Global Data Loss Prevention Market was valued at USD 1.05 billion in 2016 and is projected to reach USD 1.35 billion by 2025, growing at a CAGR of 2.85% from 2017 to 2025.
Data loss prevention (DLP) is a policy by which end users are guaranteed to not send critical or sensitive information outside of the corporate network. The data loss prevention software uses the rules of business in order to categorize and be able to classify as well as secure the confidential information. This is done in order to ensure that unauthorized individuals are not able to access the information and out the business in danger of data leakage or information loss. There are several advantages of data loss prevention such as the features like effective management of employees, data identification, effective engagement of employees in the establishment and more.
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With the increasing amount of data theft, there is a rising need for regulation and compliances. The existing poor defense mechanisms drive the market for data loss prevention. Factors such as the lack of awareness and the issues with the deployment of the service restrain the market for data loss prevention.
Competitive Landscape:
The major players in the market are as follows:
Symantec Corporation
GTB Technologies, Inc.
CA Technologies
RSA (Subsidiary of EMC Corporation)
Trend Micro Incorporated
Websense, Inc.
Trustwave Holding, Inc.
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