GDPR Services Market Research Report: By Organization Size (Small and Medium Enterprises, Large Enterprises), By Type (Solution, Service), By Vertical (Manufacturing, Retail, Utilities, IT & Telecom, BFSI, Govt Services, Automotive, Travel & Hospitality, Media & Entertainment, Education and Others) and By Region (North America, Europe, Asia-Pacific and the Rest of the World [the Middle East & Africa and South America]) - Forecast 2027
|ID: VPR/ICT/1084||Publishing Year: January 2022||Pages: 110||Format:|
GDPR Services Market Overview:
The GDPR Services Market is segmented by offering (solutions and services), organisation size, and region in this analysis. In comparison to the API management solution, the data management solution is predicted to account for a bigger market share throughout the forecast period. All data-related processes necessary to manage the whole enterprise data lifecycle are included in data management. Data Management Solutions are critical for GDPR compliance since they allow you to store, access, delete, encrypt, and monitor users' personal data while staying compliant.
Due to the ambiguity around GDPR across enterprises, the professional services sector is likely to have a bigger market size throughout the projection period than the managed services segment. GDPR readiness assessment, risk assessment and DPIA, DPO-as-a-Service, and training and certification are examples of professional services for GDPR. Professionals employ the most up-to-date tactics, comprehensive strategies, and abilities to meet an organization's security needs. Furthermore, utilising industry-defined best practises, they provide customised implementation, risk assessment, and guidance during the deployment of GDPR Solutions.
The Key Players of the Global GDPR Services Market are IBM Corporation (US), Oracle Corporation (US), Microsoft Corporation (US), Amazon.com, Inc. (US), Capgemini (France), Informatica (US), Hitachi Systems Security, Inc. (Japan), Veritas (US), Micro Focus (UK), Absolute Software Corporation (UK), Mimecast Services Limited (UK), Iron Mountain Incorporated (US), Proofpoint (US), and Trustwave Holdings, Inc. (US),
The market outlook portion of the research focuses on the market's basic characteristics, such as the industry's drivers, constraints, opportunities, and challenges. The market's inherent elements are the drivers and restraints, while the market's extrinsic aspects are the opportunities and challenges.
Aside from the EU's introduction of GDPR, the development of massive volumes of data and the growing need for data protection and privacy are two important Drivers Driving the GDPR Services Market's Rise. Cyber security threats are becoming more common, and standard security technologies are no longer adequate to provide the essential services, resulting in a surge in demand for advanced protection measures, such as GDPR Services.
The EU's implementation of GDPR in May 2017, the generation of enormous amounts of data, the need for data security and privacy, and the demand for data processing transparency important to improved security service delivery and the establishment's reputation are all Major Driving Factors in the GDPR Services Market's Growth.
Individual segment market sizes were calculated using secondary sources such as industry associations, white papers, and journals. In order to segment the market, vendor offerings were also taken into account. The overall size of the market was calculated using a bottom-up approach, which took into account the GDPR services adoption rate and GDPR services pricing by key players, and was then confirmed through primary research, which included extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and related executives. To complete the total market engineering process and arrive at the accurate statistics for all segments and sub segments, data triangulation and market breakdown processes were used.
The GDPR Services Market report covers the United States, Canada, and Mexico in North America, Brazil, Argentina, and the Rest of South America in South America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines in Asia, and Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines in (MEA).
Because GDPR has been implemented by the European Union, the European region is likely to have the strongest development in the GDPR Services Market. GDPR provides European businesses with a competitive advantage in the GDPR Services Market. The GDPR's global reach is expected to affect the great majority of Europe's biggest corporations.
Individual market affecting factors and changes in regulation in the domestic market are also discussed in the nation portion of the research, which have an impact on the market's current and future trends. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are just a few of the data pieces used to anticipate market scenarios for individual countries.
The sickness has expanded to practically every country on the planet since the COVID-19 viral outbreak in December 2019, prompting the WHO to declare it a public health emergency. The disease's global effects are already being noticed, and it is predicted to have a considerable impact on the GDPR Services industry by 2020.
Though governments have enacted lockdowns to prevent the spread of viruses, many businesses have moved their operations online, increasing the frequency of cyber-attacks on organisations' crucial data around the world.
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