1. Market Research
  2. > Advanced IT Market Trends
Global GDPR Services Industry

Global GDPR Services Industry

  • July 2022
  • 551 pages
  • ID: 5798654
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

What`s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year

Global GDPR Services Market to Reach $3.9 Billion by 2026
- The General Data Protection Regulation (GDPR) represents a new data protection legislation that was implemented in the EU in May 2018. The regulation standardizes a comprehensive spectrum of privacy legislations across the region into a central suite of regulations to protect users across all member states by providing more control to EU citizens over the personal data. GDPR applies to every organization operating in the EU as well as enterprises that are located in other regions but serving European customers with their services and goods. Effectively, a large number of international organizations are required to comply with GDPR guidelines. GDPR rules are applicable to processors and controllers of data, including cloud service providers. Data specified as personal by the GDPR framework includes name, picture, address and other type of sensitive data like sexual orientation, genetic data and biometric data. The legislation requires companies to perform privacy impact assessments, document use of personal data, seek customer permission for data usage and communicate authorities about data breaches. The regulation is legally binding and can`t be ignored or opted out. The regulation empowers and protects all citizens of the EU, while keeping organizations accountable for data-related actions.
- The increasing connectivity and continuing digitization across organizations have resulted in generation of exponential amount of data. People visiting websites or places or even making calls are leaving a digital footprint as data, which is a precious and highly valuable resource that can be exploited by companies to communicate with customers and delivering an enhanced user experience. However, the precious nature of personal data also makes it vulnerable to misuse or theft, raising concerns over the way companies store and use the data. The issue results in privacy and data security concerns for customers. There is a notable disconnection and gap between customers, their data and the way companies collect or use it. The situation is further compounded by lack of understanding regarding best practices and existing laws pertaining to use of personal data. Furthermore, existing data privacy legislations in the EU are outdated, fail to offer effective protection to customers and don`t cover considerations for smart phones, social media and advanced web technologies like virtual reality and artificial intelligence. The pressing need to regulate management of consumer data while policing organizations collecting, storing and using the data led to the birth of GDPR.
- Amid the COVID-19 crisis, the global market for GDPR Services estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.9 Billion by 2026, growing at a CAGR of 18.2% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record 17.4% CAGR and reach US$2.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 19.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $416.5 Million in 2022, While China is Forecast to Reach $209.1 Million by 2026
- The GDPR Services market in the U.S. is estimated at US$416.5 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$209.1 Million by the year 2026 trailing a CAGR of 18.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.9% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.1% CAGR.
- The market is garnering an impressive momentum due to the need to ensure data privacy and safety, rising workloads related to big data, demand for transparency, and availability of advanced solutions. Companies are not only dealing with increasing data volumes, but also targeting big data in the cloud for making data-driven, informed decisions. These companies are investing in sophisticated technologies for leveraging consumer data for better strategies. On the other hand, rising incident of data breach and data-related frauds is prompting organizations to embrace GDPR services for compliance. Increasing attempts by cybercriminals to breach business networks for acquiring consumer data are creating the need for authentication-based fraud detection platforms to protect financial and banking institution customers from online fraud. The market growth is also facilitated by introduction of advanced solutions by leading companies. For instance, IBM has rolled out a fraud detection solution that detects frauds during the initial stages. The solution is particularly relevant for banking institutions who are dealing with rising incidence of online fraud.

By Organization Size, Large Enterprises Segment to Reach $2.4 Billion by 2026
- In terms of organization, the large enterprise segment is estimated to command the dominating share of the global GDPR services market. Large organizations are anticipated to realize GDPR advantages of innovation and higher efficiency in a cost-efficient manner. These enterprises are expected to gain from their agile structure and adequate financial resources. Global market for Large Enterprises (Organization Size) segment is estimated at US$1.3 Billion in 2022, and is projected to reach US$2.4 Billion by 2026 reflecting a compounded annual growth rate of 16.7% over the analysis period. Europe constitutes the largest regional market for Large Enterprises segment, accounting for 57.5% of the global sales. Europe is poised to register the fastest compounded annual growth rate of 17.6% over the analysis period, to reach US$1.7 Billion by the close of the analysis period.

Select Competitors (Total 102 Featured) -

  • Absolute Software Corp.
  • Amazon Web Services
  • Capgemini SE
  • Hitachi Systems Security Inc.
  • Informatica
  • International Business Machines Corp.
  • Iron Mountain Inc.
  • Micro Focus International plc
  • Microsoft Corp.
  • Mimecast Ltd.
  • NortonLifeLock Inc.
  • OneTrust, LLC
  • Oracle Corp.
  • Proofpoint, Inc.
  • Protegrity USA, Inc.
  • SAP
  • SAS Institute Inc.
  • Swascan Srl
  • Talend Inc.
  • TrustArc
  • Trustwave Holdings, Inc.
  • Varonis
  • Veritas
  • Vox DataVista

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on