According to the latest report by IMARC Group, titled “Global GDPR Services Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global GDPR services market reached a value of US$ 1.61 Billion in 2021. Looking forward, IMARC Group expects the market 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 represent several advanced solutions that assist organizations in complying with the European Union (EU) GDPR rules. They involve document lifecycle evaluation, encryption and data backup, Data Protection Impact Assessment (DPIA), risk assessment, GDPR readiness assessment, etc. GDPR services aid enterprises in protecting the personal data and privacy of EU citizens for transactions occurring within the EU member states. They also help businesses fulfill their GDPR obligations effectively to avoid hefty fines and legal issues.
Base Year: 2021
Forecast Year: 2022-2027
GDPR Services Market Trends and Drivers:
The inflating need for data security and the escalating demand for data processing transparency are primarily driving the GDPR services market. In line with this, the rising incidences of cybersecurity attacks across countries are further catalyzing the market growth.
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Moreover, the expanding number of individuals working remotely, owing to the sudden outbreak of the COVID-19 pandemic, is propelling digitization levels across industry verticals. This, in turn, is acting as another significant growth-inducing factor.
Apart from this, several leading players are introducing innovative GDPR solutions to expand their customer base and maintain a competitive edge, which is also stimulating the market growth. Additionally, the elevating adoption of cloud computing solutions by businesses is anticipated to bolster the GDPR services market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global GDPR Services Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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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:
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End User:
- Government and Public Sector
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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