International. According to a recent report, the revenue of the Data Loss Prevention (DLP) market is expected to increase by 83% over the next four years.
The main reason behind this expansion is related to how hackers are growing in the market and negatively affecting user data.
Data Loss Prevention Market Grows Tremendously
According to analysis by PreciseSecurity.com, DLP market revenue is expected to grow from the current $1.24 billion to $1.41 billion in 2020, $1.64 billion in 2021, $1.93 billion in 2022, and $2.28 billion in 2023.
This would represent a massive increase of 83% in a matter of four years. Businesses and governments are taking today's threats to user data very seriously.
In this regard, the report explained:
"This is because governments and businesses are concerned about the effect hackers are having on the industry and how individuals and businesses are increasingly exposed to data loss."
The report explains that companies such as British Airways, Edmodo and Facebook have experienced data breaches that affected millions of users.
In some cases, private data such as credit cards and sensitive information were disclosed to hackers. Meanwhile, passwords and email accounts were also rolled out on the internet, affecting thousands of users around the world.
According to Justinas Baltrusaitis, editor of PreciseSecurity.com, the Information Security (M&A) Market has also expanded. "The Merger and Acquisition of the Information Security (M&A) Market reached a valuation of US$21.6 billion in 2019 YTD, which is the highest since 2010. This is certainly connected to the DLP market and the security that users deserve to have."
