Cloud DLP Market to Garner $27.5 Bn Globally

Allied Market Research recently published a report, titled, "Cloud DLP Market by Component (Solution, Service), by Enterprise Size (Large Enterprises, SMEs), by Industry Vertical (BFSI, IT and Telecommunication, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global cloud DLP industry was accounted for $2.4 billion in 2021, and is expected to reach $27.5 billion by 2031, growing at a CAGR of 28.0% from 2022 to 2031.

Major determinants of the market growth

Rapidly rising cloud adoption and strict regulatory, compliance and enforcements have boosted the growth of the global cloud DLP market. However, dearth of awareness and education and enterprise budgetary constraints hinder the market growth. On the contrary, rise in data sprawl would unlock new opportunities in the future.