Blockchain Press Releases

Data Loss Prevention Market to be Worth $9.33 Billion by 2030: Grand View Research, Inc.

Published

1 year ago

July 17, 2023

SAN FRANCISCO, July 17, 2023 /PRNewswire/ — The global data loss prevention market size is expected to reach USD 9.33 billion by 2030 and is expected to grow at a CAGR of 22.3% from 2023 to 2030, according to a recent report from Grand View Research, Inc. The data loss prevention (DLP) solution is a vital technology for building data protection measures. It typically includes features such as data discovery, policy enforcement, data classification, monitoring, and incident response. DLP software is deployed on-premises or in the cloud, depending on the needs of the organization. With the advancement in technology such as User and Entity Behavior Analytics, Cloud Access Security Brokers (CASBs), Artificial Intelligence, Machine Learning, and Security Information and Event Management (SIEM) in combination with DLP solutions organizations aim to improve data security capabilities, reduce risks, and ensure the safety, integrity, and accessibility of sensitive data.

Key Industry Insights & Findings from the report:

The endpoint DLP segment is anticipated to observe a CAGR of 23.8% during the forecast period. Endpoint DLP solutions offer organizations greater visibility into the data transfer process and endpoint user activity. They provide centralized control interfaces for tracking and implementing data security policies across multiple devices.

The managed security services segment is anticipated to observe a CAGR of 24.6% during the forecast period. Managed security service providers utilize security analytics and reporting solutions to gain valuable insights from DLP data. They generate insights on incident trends, policy violations, and user behavior patterns, providing organizations with vital information.

The cloud-based segment is anticipated to observe a CAGR of 23.3% during the forecast period. Cloud-based DLP solutions prevent unauthorized access, data leakage, and data theft. Huge volumes of private data, including financial records, intellectual property, and consumer information, are handled via cloud systems which helps organizations to maintain control over data.

Small and Medium-sized Enterprises (SMEs) are anticipated to observe a CAGR of 23.2% during the forecast period. DLP solutions for SMEs provide faster setup, user-friendly interfaces, and economical pricing models. These solutions are scalable and can be adjusted to SMEs’ specific needs and budgets, ensuring effective data protection while minimizing resource requirements.

The policy, standards and procedures segment is anticipated to observe a CAGR of 26.3% during the forecast period. Policy standards and regulatory scrutiny play a crucial role which helps in mitigating malicious attacks. A data loss prevention policy is essential to comply with reporting facts and data regulation in compliance audits.

The manufacturing segment is anticipated to observe a CAGR of 25.9% during the forecast period. Manufacturing companies employ a huge number of individuals that work with sensitive data on a regular basis. DLP solutions enforce data handling policies, prohibit illegal data transfers or downloads, and detect suspicious or unauthorized employee access attempts.

Asia Pacific region is expected to grow with the fastest CAGR of 24.6% from 2023 to 2030. Due to its massive population, expanding economies, and substantial digital infrastructure, the Asia Pacific region is a prominent target for cybercriminals. Ransomware, phishing attacks, and insider threats pose serious concerns to organizations in the region. DLP aids in the detection and prevention of these threats by monitoring data flows, analyzing user behavior, and performing risk-mitigation rules.

Read 120-page market research report, “Data Loss Prevention Market Size, Share & Trends Analysis Report By Software (Network DLP, Endpoint DLP), By Services, By Deployment, By Enterprise Size, By Application, By End-use, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Data Loss Prevention Market Growth & Trends

The increased use of cloud computing creates new difficulties in protecting data stored on cloud environments. Organizations indulge in enforcing policies, keeping track of data access, and stopping data leakage within cloud platforms with the use of DLP solutions designed particularly for cloud services. Remote work culture and the Bring Your Own Device (BYOD) trend have raised the attack surface and the danger of data loss. Data loss prevention (DLP) solutions assist organizations in monitoring and controlling data movement across remote endpoints, ensuring data security in a distributed work environment.

Moreover, the advancement in mobile centric environment the portability and connection of mobile devices present data security problems. Organizations require DLP solutions that are tailored to mobile settings and offer features such secure content sharing on mobile platforms, mobile application security, and data loss prevention for mobile devices. DLP solutions aid organizations in achieving data security compliance and legal requirements. They offer means for enforcing security standards that are compliant with industry rules and data protection laws. DLP solutions assist organizations to maintain a safe data environment while avoiding potential legal and financial consequences by offering compliance and security.

Furthermore, DLP solutions are expected to change and incorporate quantum-resistant encryption techniques as quantum computing technology expands. Quantum-safe DLP ensures data security even in the presence of powerful quantum computers with the ability to eliminate conventional encryption methods. DLP will include technological developments such as machine learning, AI, cloud security, and privacy-enhancing approaches in the forecasted period. DLP solutions will continue to play a crucial role in protecting sensitive data and ensuring data security in the digital era by adapting to meet new challenges.

Data Loss Prevention Market Report Scope

Report Attribute	Details
Market size value in 2023 Advertisement	USD 2.27 billion
Revenue forecast in 2030	USD 9.33 billion
Growth rate	CAGR of 22.3% from 2022 to 2030 Advertisement
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period Advertisement	2023 – 2030

Data Loss Prevention Market Segmentation

Grand View Research has segmented the global data loss prevention market based on software, services, deployment, enterprise size, application, end-use, and region

Data Loss Prevention (DLP) Market – Software Outlook (Revenue, USD Billion, 2018 – 2030)

Network DLP
Endpoint DLP
Data Center/Storage based DLP

Data Loss Prevention (DLP) Market – Services Outlook (Revenue, USD Billion, 2018 – 2030)

Managed Security Services
Consulting Services
Others

Data Loss Prevention (DLP) Market – Deployment Outlook (Revenue, USD Billion, 2018 – 2030)

On-premises
Cloud-based

Data Loss Prevention (DLP) Market – Enterprise Size Outlook (Revenue, USD Billion, 2018 – 2030)

Small And Medium Enterprise (SMEs)
Large Enterprise

Data Loss Prevention (DLP) Market – Application Outlook (Revenue, USD Billion, 2018 – 2030)

Encryption
Centralized Management
Policy, Standards and Procedures
Web, and Email Protection
Cloud Storage
Incident Response and Workflow Management

Data Loss Prevention (DLP) Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)

BFSI
IT and Telecommunication
Retail and Logistics
Healthcare
Manufacturing
Government
Others

Data Loss Prevention (DLP) Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

North America

U.S.
Canada

Europe

UK
Germany
France
Italy
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

UAE
Saudi Arabia
South Africa

List of Key Players in Data Loss Prevention Market

BlackBerry
Broadcom, Inc.
CheckPoint
Cisco Systems, Inc.
Citrix Systems
CrowdStrike
Digital Guardian Inc.
IBM
Mcafee LLC
Microsoft
proofprint
SAP SE
Sophos Ltd.
Trend Micro
VMware, Inc

Check out more related studies published by Grand View Research:

Enterprise Data Management Market – The global enterprise data management market size is anticipated to reach USD 221.58 billion by 2030, registering a CAGR of 12.1% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. An increased use of data quality tools for data management, a surge in cloud deployment for master data management, and rising need for compliance are key driving factors for the growth of the industry. Enterprise data management solutions help in ensuring that the data is highly secured and protected against data loss. Given the rising instances of data breaches, companies not being alert enough to safeguard their assets could be exposed to data threats and may end up with data breaches, tarnished reputations, and financial losses. These factors are driving the adoption of EDM solutions. These solutions help organizations in ensuring that all types of data are organized and easily accessible for future use.
Data Pipeline Tools Market – The global data pipeline tools market size is anticipated to reach USD 48.3 billion by 2030, registering a CAGR of 24.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of various technologies, such as AI-based applications, the Internet of Things (IoT), cloud computing, and initiatives for ultra-low latency are expected to create growth opportunities for data pipeline tools and services globally. According to the IBM Global Adoption AI Index 2022 report, 35.0% of the firms reported that they have been using AI in their business operations.
Data Center Interconnect Market – The global data center interconnects market size is expected to reach USD 21.7 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The emphasis by the data center providers on latency, throughput, streamlined operations, intelligence, security, and maintenance is expected to drive the growth of the industry during the forecast period. The growing need to reduce the number of hops, and subsequently, the points of failure while routing the internet traffic is also expected to drive the demand for the market over the forecast period.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
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Blockchain Press Releases

Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week

Published

1 day ago

December 24, 2024

CISION (PR Newswire)

bybit-champions-web3-innovation-and-strengthens-ties-with-asia’s-crypto-community-at-taipei-blockchain-week

DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.

Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.

Purpose, Innovation, and Partnerships

Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.

Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.

Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:

The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.
On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.
The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.

Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.

Deepening Bonds: Key Web3 Ecosystems and Communities

Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.

These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.

“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.

“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.

In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.

Bybit’s Angela Huang at the Networked Intelligence: The Rise of Decentralized AI panel at Taipei Blockchain Week 2024.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

Published

1 day ago

December 24, 2024

Zoltan Tundik

unicc-and-shelterzoom-developed-a-secure-document-tracking-and-e-signature-solution-for-the-un-system

The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

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Blockchain Press Releases

Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion

Published

5 days ago

December 20, 2024

CISION (PR Newswire)

compass-mining-scales-texas-operations-with-25-mw-bitcoin-mining-facility,-plans-further-expansion

Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
[email protected]

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