Cloud DLP Solution Market Share

North American Market Forecast   

North America industry is estimated to dominate majority revenue share of 30% by 2037. The growth of the market can be attributed majorly to the presence of a cloud network in the region, the growing number of data breaches, as well as the rising demand for data scientists and professional cyber security personnel. According to the United States Bureau of Labor Statistics report, by 2026, the demand for knowledgeable and skilled data scientists is estimated to grow owing to a 27.9% rise in employment. Furthermore, the growing number of instances of data breaches in the region backed by the growing number of IT and telecommunication is estimated to expand the market size over the forecast period. In 2022, the average cost of a data breach in the United States was estimated to be around USD 4 million along with data breach costs in the healthcare industry of about USD 10 million.

APAC Market Statistics

Furthermore, the global cloud data loss prevention (DLP) solution market is also anticipated to witness remarkable growth in the Asia Pacific region on the back of increasing penetration of smartphones and the internet coupled with the launch of 5g. For instance, it is projected that by 2025, approximately 80% of the population in Asia Pacific will be using the internet. Furthermore, the presence of a higher number of unemployed hackers in the region, especially in Pakistan, India, and China is another major reason to boost the demand for cloud data loss prevention (DLP) solutions over the forecast period.