Data Loss Protection a Priority among Asia-Pacific Enterprises as Cyber Threats Become Complex, Finds Frost & Sullivan Increasing enterprise dependence on technology drives demand
SINGAPORE, April 17, 2013 /PRNewswire/ -- The urgent need for organizations to protect sensitive data in the face of sophisticated cyber threats and attacks has spurred the data loss protection (DLP) market in Asia-Pacific. The market will continue its steady growth as the convergence of IT and business compels enterprises to invest in DLP technologies, including e-mail and end-point protection systems, to guard their virtual assets.
New analysis from Frost & Sullivan's (http://www.networksecurity.frost.com), Analysis of the Asia-Pacific (including Japan) Data Loss Protection Market, research finds that market earned revenues of more than $84.9 million in 2012 and estimates this to reach $169.1 million in 2014 at a compound annual growth rate of 43.0 percent.
"Government regulations to resolve data protection and security issues have forced companies across Asia-Pacific to adopt DLP technologies," said Frost & Sullivan ICT Research Analyst Vu Anh Tien. "A growing number of mergers and acquisitions have expanded enterprise operations in the region, requiring added investments in DLP systems."
Despite the increasing relevance of DLP, its complex nature has limited uptake to a certain degree. Differing perspectives from various vendors have resulted in a lack of clarity on the functioning of DLP solutions, leading several firms to adopt a wait-and-see approach towards adoption.
The perception that DLP is a work-in-progress application has further curbed implementation, particularly in Japan, South Korea and Australia, where demand for relatively sophisticated security solutions is substantial.
Greater caution towards spending among Asia-Pacific enterprises has restrained market revenues and put the onus on DLP providers to offer comprehensive and cost-effective solutions.
"Vendors must provide DLP as an integrated feature that can be incorporated into the overall IT setup," noted Anh Tien. "The ability to employ DLP capabilities as an add-on to mature security platforms, such as e-mail or endpoint security, will encourage businesses to adopt DLP technology."
Emerging cloud and mobile computing trends will speed up the installation of secure content management technologies, offering additional opportunities for suppliers in the Asia-Pacific DLP market.
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Analysis of the Asia-Pacific (including Japan) Data Loss Protection Market is part of the Network Security Technologies Growth Partnership Service program. Frost & Sullivan's related research services include: APAC Network Security Market, APAC Web Application Firewall Market, APAC Wide Area Network (WAN) Optimization Controller Market, and APAC Application Delivery Controller Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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SOURCE Frost & Sullivan