The global data exfiltration market is expected to reach USD 69,322.1 million in 2021. Demand for the market is projected to rise at an astronomical CAGR of 23.7% from 2021 to 2031. Further, the data exfiltration market analysis forecasts the market to surge to USD 145,250.1 million by the end of the year 2031.
Global Data Exfiltration Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 66,481.6 million |
| Estimated Size, 2021 | USD 69,322.1 million |
| Projected Size, 2031 | USD 145,250.1 million |
| Value-based CAGR (2021 to 2031) | 23.7% |
Data exfiltration means accessing data from a system without permission. Malicious hackers do this to get their hands on valuable info like trade secrets personal details, or financial records. It's a critical concern in cybersecurity as the consequences can be severe.
These losses might be financial or legal. The companies could also damage their public reputation or even lose information that can put national security at risk. Hackers have several ways to launch cyber-attacks. They might use malware attacks, phishing scams, insider threats, or exploit weak spots in software and network setups.
Data exfiltration has an influence on organizations and individuals in significant ways. When businesses face a successful data exfiltration, it can expose their trade secrets, make them lose their edge over competitors, and force them to spend a lot on fixing the problem.
For governments, it might mean losing secret information, which could put national security and relationships with other countries at risk. In cases of losing personal information, it can lead to people stealing identities, committing fraud, and invading privacy.
To stop data from leaking out, companies need strong cyber defenses. This includes using encryption, network traffic monitoring, staff training, and incident response plans. Companies need to be aware of these threats and keep changing their protocols regularly.
The growth of remote work and cloud tech has made it easier for attackers to steal data. This means it's even more important for companies to put in place full strategies to protect their data.
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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.
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.
Principal Consultant
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.
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.
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Some of the leading vendors of data exfiltration include
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Data Exfiltration Market
