Data Exfiltration Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2031

During the projection period 2021-2031, the data exfiltration services market is estimated to increase at a CAGR of 23.7 percent, from US$ 66.5 billion in 2020 to US$ 145.1 billion in 2031. Data is growing more valuable by the day. Across industries, corporations hold sensitive information about the firm, its employees, customers, and clients. Companies are growing more vulnerable to data exfiltration as the volume of data grows rapidly.

Data exfiltration is defined as the unauthorized movement of sensitive data from within a company to the outside. This procedure can be carried out intentionally or inadvertently through a network by malware. Data exfiltration is accomplished through a variety of methods used by cyber thieves. When data is transferred or moved within and outside of a company’s network, it might be difficult to identify data exfiltration.

Due to increase in the number of smartphone users, enterprises are adopting data exfiltration solutions for the protection of sensitive information. Small and Medium-size enterprises (SMEs) are targeted by internal and external data breaches. The growing need for such security will drive the growth of data exfiltration.

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What is Driving Demand for Data Exfiltration?

Misuse of internet, online malwares, surge in the incidents of data loss in the on premise environment and growing refinement levels of data breaches are some of the major factors, contributing to the growth of data exfiltration solution. There is also a rise in sophisticated cyber threats for critical information theft, which in return going to help the data exfiltration market to grow in the forecast period.

There is an increase in adoption of cloud-based cyber security solutions, this too will drive the growth of data exfiltration globally. Also, cybersecurity solutions are adopted by highly regulated organizations, this anticipated to create the major opportunities for the data exfiltration market.

What are the Key Trends for Data Exfiltration?

Most of the small and medium-sized enterprises (SMEs), are focusing on the protection of sensitive information. More security products are purchased by these enterprises and a good amount of money is also invested in the security training of employees. Such trend is fueling the growth of data exfiltration market globally.

For an instance, a security training was done by Barracuda Network for its employees. The agenda of the training was to understand the subtle clues, latest security attacks, prevent email fraud and data loss through continuous stimulation. Companies asked their employees to work from home due to Covid-19 pandemic, which encouraged cybercriminals to take advantage of the situation. This is one of the major factor, enterprises are continuously moving towards the adoption of data exfiltration solution.

Europe Demand Outlook for Data Exfiltration

The Europe region is going to hold a significant share of the data exfiltration market from 2020 to 2031 due to the rapid adoption of cloud-based cyber security by IT & Telecom industries. Various industries are adopting data exfiltration solutions as there is an increase in the number of smartphone users in the region.

Most of the SMEs are adopting data exfiltration solutions at a great rate in the region for protection of sensitive information. Due to this factor, the demand for data exfiltration will continue to grow in the Europe region.

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East Asia Demand Outlook for Data Exfiltration

East Asia is going to witness the highest growth during the forecast period 2021-31 as the highest number of breaches is reported in the region by Grand Theft Data, McAfee.

Growing economy countries Japan and China are implementing the data exfiltration technology as the companies in the region are experiencing data loss across a wide range of formats, content, and methods ranging from documents to databases, this too will contribute to the growth of the market in the East Asia region.

SMEs are facing malware-based and DNS data exfiltration and due to this, they are continuously deploying data exfiltration solutions. This is one of the major factor fueling the market growth.

Who are the Key Data Exfiltration Vendors?

Some of the leading vendors of data exfiltration include

  • Symantec
  • McAfee
  • Palo Alto Networks
  • Sophos
  • Trend Micro
  • Check Point Software Technologies
  • Juniper Networks
  • HackerOne
  • A1Logic

Key Segments

By Component Type:

  • Solution
  • Services

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By End-User:

  • BFSI
  • Government
  • Defense
  • Retail
  • IT & Telecom
  • Healthcare
  • Manufacturing
  • Energy
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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