Increasing Need for Network Security Drives Growth in the World Data Leakage Prevention Market

Business Wire, Sept 29, 2008

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/7b3170/world_data_leakage) has announced the addition of Frost & Sullivan's new report "World Data Leakage Prevention Market" to their offering.

This Frost & Sullivan research service titled World Data Leakage Prevention Market provides an overview of the data protection solutions (DPSs) market, encompassing data discovery, fingerprinting, data leakage, and loss prevention technologies. In this research, Frost & Sullivan's expert analysts provide a qualitative and quantitative analysis of the drivers, restraints, monetary expenditures, and revenues realized by the companies participating in the DPS market.

Market Overview

Network security has acquired critical dimensions, with information technology and business professionals grappling with external threats, such as malware and spam, infiltrating their networks. The need for protection of high-value and sensitive data, especially in areas such as healthcare, personal identity information (PII), and intellectual property (IP) is one of the primary drivers of the data leakage prevention (DLP) and information loss prevention (ILP) market. Confidential data such as healthcare records, PII, and social security numbers need to be adequately safeguarded. Besides, strict compliance to corporate, industrial, state, and federal regulations such as payment card industry (PCI), California's SB 1386, and Health Insurance Portability and Accountability Act (HIPPA) is essential. Nonconformance to these regulations would have serious repercussions, of revenue loss, costly fines, and unwarranted media attention. "To avoid costly penalties and damage to a corporation's brand name, network managers and administrators are deploying data leakage and loss prevention technology at endpoints such as desktops and laptops to protect data, by discovering, fingerprinting, and enforcing policy on the data, as it traverses the network," notes the analyst of this research service. "Moreover, the solution prevents sensitive data from being accidentally or mistakenly transferred outside the network or endpoint without proper permission and protection."

As e-mail, mobile technology, and thumb drives are the major causes of data breaches, it is imperative for companies to understand fully the types of data that exist within the network. Such an understanding would facilitate the development of strategies and best practices to enable high security for data, and ensure that companies and their employees remain compliant with internal and external policies and legislation.

The market requires agile technologies that are efficient enough to start providing data discovery and enforcement shortly after deployment. As U.S. and world corporations outsource business operations to offshore destinations, the need for data protection is growing. "Corporate executives and consumers are increasingly expressing their concerns about domestic and foreign third parties, such as India and China, having access to their sensitive data," explains the analyst. "This concern is warranted due to the lack of legal oversight for international outsourcing businesses residing in India and China, where anti-piracy and data theft laws are either lax or non-existent." Enterprises are resorting to the use of DLP/ILP solutions as virtual solutions to limit the possibility of third party interaction with the data.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

* DLP

* ILP

Key Topics Covered:
Executive Summary
- - Summary
- - Key Findings
Total World Data Leakage Prevention Market
- Market Overview and Growth Factors
- - Market Overview and Definition
- - Market Engineering Measurements
- - Market Drivers
- - Market Restraints
- Market Trends and Forecasts
- - Revenue Forecasts
- - Geographical Trends
- - Vertical Market Analysis
- - Technology Trends
- - Distribution Trends
- - Pricing Trends
- - Legislation Trends
- Competitive Analysis
- - Competitive Structure
- - Market Share Analysis

For more information visit http://www.researchandmarkets.com/research/7b3170/world_data_leakage