IMARC Group, a leading market research company, has recently releases report titled “GDPR Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global GDPR services market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GDPR Services Market?
The global GDPR services market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.3 Billion by 2028, exhibiting a growth rate (CAGR) of 23.41% during 2023-2028.
General Data Protection Regulation (GDPR) services refer to advanced solutions that help organizations comply with the GDPR of the European Union (EU). In addition to planning and implementing concrete IT solutions in business operations, they involve evaluating areas, including GDPR readiness assessment, risk assessment, data protection impact assessment (DPIA) and document lifecycle, encryption, and data backup. They help businesses protect the privacy and personal data of all EU citizens for transactions occurring within EU member states. As a result, GDPR services are gaining immense traction among businesses to avoid hefty fines and legal issues, improve data management, and fulfill GDPR requirements effectively.
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What are the growth prospects and trends in the GDPR services industry?
The global GDPR services market is primarily driven by the rising need for organizations to comply with GDPR implemented by the EU. Moreover, the increasing demand for data processing transparency to enhance business reputation and security service delivery is positively influencing market growth.
Additionally, the ongoing generation of vast amounts of data has strengthened the need for improved data security and privacy. In line with this, the widespread prevalence of cybersecurity attacks across the globe has catalyzed market growth. Furthermore, there has been surging adoption of GDPR due to the rising number of individuals working remotely due to the sudden coronavirus disease (COVID-19) outbreak.
Along with this, the implementation of stringent data privacy regulations by governments of various countries is another major growth-inducing factor. Besides this, several key players are introducing innovative GDPR solutions to maintain a competitive edge and expand their customer base in the market. Other factors, including the increasing penetration of the Internet of Things (IoT) devices, rapid digitization, and technological advancements, are also anticipated to create a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Offering:
- Data Management
- Data Discovery and Mapping
- Data Governance
- API Management
Breakup by Deployment Type:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End User:
- BFSI
- Retail
- Healthcare
- Education
- Manufacturing
- Government and Public Sector
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Absolute Software Corporation, Amazon Web Services Inc., Capgemini SE, International Business Machines Corporation, Informatica, Iron Mountain Inc., Micro Focus International PLC, Microsoft Corporation, Oracle Corporation, Proofpoint Inc., SAP SE, Trustwave Holdings Inc. (Singapore Telecommunications Limited) and Veritas Technologies LLC.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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