Gdpr Services Market Size, Industry Trends, Analysis 2022-2027
The latest research study “GDPR Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global GDPR services market size reached a value of US$ 1.61 Billion in 2021. Looking forward, the market expected to reach a value of US$ 5.88 Billion by 2027 exhibiting a CAGR of 23.50% during 2022-2027.
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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GDPR Services Market Trends and Drivers:
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.
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Global GDPR Services Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
GDPR Services Companies:
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.
The report has segmented the market on the basis of region, offering, deployment type, organization size and end user.
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
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
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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