Overview and Scope
GDPR (General Data Protection Regulation) services are a set of services designed to assist organizations in complying with the general data protection regulation (GDPR), which is a set of data protection legislation in the European Union (EU) aimed at protecting individuals' privacy and personal data.
Sizing and Forecast
The gdpr services market size has grown exponentially in recent years. It will grow from $3.03 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to growing awareness of data privacy, global impact of gdpr compliance, complexity of data processing operations, penalties and legal consequences, increasing data breaches and cyber threats.
The gdpr services market size is expected to see exponential growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to evolution of data privacy regulations, increased focus on individual rights, expanding scope of personal data, globalization of data protection concerns, rising importance of data ethics. Major trends in the forecast period include technological advances and data analytics, data protection officer (dpo) outsourcing, emergence of gdpr technology solutions, focus on data subject rights management, incident response and breach management.
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Segmentation & Regional Insights
The gdpr services market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Type Of Deployment: On-Premises, Cloud
3) By Organisation Size: Large Enterprise, Small And Medium-sized Enterprises
4) By End-User Industry: BFSI, Telecom And IT, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Other End Users
Subsegment : Data Management, API Management
Europe was the largest region in the GDPR services market in 2023. North America is expected to be the fastest-growing region in the global GDPR services market report during the forecast period. The regions covered in the gdpr services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing number of data breaches is expected to propel the growth of the GDPR services market going forward. A data breach occurs when data is stolen or taken from a computer system without the owner's knowledge or authority. It can happen through several methods, including hacking, phishing, malware, or the actual theft of devices storing sensitive information. GDPR services can assist organizations in managing data breaches in a timely and effective manner, minimizing any harm to individuals and the organization's reputation. For instance, in March 2023, according to Astra IT Inc., a US-based company in the computer network and security industry, according to data breach statistics, the data breach grew by 2.6% to $4.35 million in 2022 from $4.24 million in 2021. The average cost of a data breach for critical infrastructure organizations, on the other hand, has risen to $4.82 million. Therefore, the growing number of data breaches is driving the growth of the GDPR services market going forward.
Key Industry Players
Major companies operating in the gdpr services market report are The International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Micro Focus, SAP SE, Capgemini SE, Absolute Software Corporation, Trustwave Holdings Inc., Proofpoint Inc., Veritas Technologies LLC, Informatica Inc., SAS Institute Inc., Amazon Web Services Inc., Mimecast Services Limited, OneTrust LLC, Talend S.A., TrustArc Inc., Iron Mountain Inc., Hitachi Systems Security Inc., MetricStream Inc., Nymity Inc., Protegrity Corporation, Snow Software AB, Symantec Corporation, Varonis Systems Inc., Actiance Inc., Dun & Bradstreet Corporation, Broadcom Inc., Ethyca Inc., AvePoint Inc.
The gdpr services market report table of contents includes:
1. Executive Summary
2. GDPR Services Market Characteristics
3. GDPR Services Market Trends And Strategies
4. GDPR Services Market - Macro Economic Scenario
5. Global GDPR Services Market Size and Growth
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31. Global GDPR Services Market Competitive Benchmarking
32. Global GDPR Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The GDPR Services Market
34. GDPR Services Market Future Outlook and Potential Analysis
35. Appendix
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Acquiring the skills to manage GDPR compliance and technical issues are restraining the GDPR services market.The channel partners are likely to witness revenue generation which acts as an opportunity for the GDPR services market.
Acquiring the skills to manage GDPR compliance is one of the challenges faced by the GDPR services market.GDPR services market is expected to grow at a CAGR of 23.85% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on GDPR services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.The competitive analysis of the major market players studied in the GDPR Services Market report, assists businesses take better moves for improving their product and sales.
This GDPR Services Market market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2018-2025.
All statistical and numerical information given in the GDPR Services Market report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures.Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies.
Ask for Free Sample Copy Of GDPR services market @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-gdpr-services-marketMarket Drivers and Restraints:On the basis of offering, the GDPR services market is segmented into solutions and services.
