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GDPR Services Market Expects growth of USD 5.12 Bn. by 2029 Data privacy and security, Technological Investments and Growth Opportunities

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GDPR Services Market Expects growth of USD 5.12 Bn. by 2029 Data privacy and security, Technological Investments and Growth Opportunities

December 14
18:12 2022
GDPR Services Market Expects growth of USD 5.12 Bn. by 2029 Data privacy and security, Technological Investments and Growth Opportunities
GDPR Services Market
GDPR Services Market was valued at USD 1.25 Billion in 2021, and it is expected to reach USD 5.12 Billion by 2029, exhibiting a CAGR of 19.27 % during the forecast period (2022-2029)

Pune, 14, Dec2022: GDPR Services Market is a rising market with massive technological advancements are awareness on privacy and data breach. The report on GDPR Services Market analysed by Maximize Market Research covers a detailed competitive and regional analysis of the market. The GDPR Services Market is expected to grow from USD 1.25 billion in 2021 to USD 5.12 billion in 2029, at a CAGR of 19.27 percent for the forecast period from 2022 to 2029.  

GDPR Services Market Scope and Research Methodology

The report provides a systematic analysis of the GDPR Services Market at a regional and global level. Market insights such as drivers, challenges, restraints and opportunities are studied along with growth rate fluctuations. Key insights such as the market share and market presentation are presented in the report with the help of figures and tables. The report covers the current trends prevailing in the market along with estimations about future trends to help understand investors identify investment pockets and opportunities in the GDPR Services Market.

The competitive landscape of the GDPR Services Market is carried out by listing major players and new entrants in the market along with their market strategies. Further, the analysis is segregated into regional and global companies and their share in the market with a complete analysis of their company profiles by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence. This enables clients to get a better picture of the market penetration to devise their unique market strategies. Recent developments in the market are discussed in the report such as the launch of new products and technologies, advancements in the field and mergers and acquisitions.

The analysis aids new entrants understand the GDPR Services Market for growth prospects and future business outlooks. A detailed study is also conducted on various government schemes, policies and subsidies that make the GDPR Services Market a lucrative option with growth opportunities. Such analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the GDPR Services Market for formulating investment approaches and marketing tactics.

The market is segmented by Offering, Organization Size and Region with segment-wise analysis provided to get a better understanding of the market dynamics. A blend of primary and secondary research methods was used to collect data for determining the market size in value and volume. Primary data was gathered through various methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. This allowed for precise data on market dynamics such as drivers, opportunities, restraints and challenges helping clients take better market decisions.

SWOT analysis was conducted to provide the strengths and weaknesses of the GDPR Services Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Vertical Farming Market. Such analysis presents relevant information required for strategic business planning, product development and workforce planning. Thus the report provides a detailed overview of the GDPR Services Market.

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GDPR Services Market Overview

General Data Protection Regulation (GDPR) is a privacy and security law that applies to all in the world. This legislation was drafted and passed by the European Union (EU). The legislation applies to any entity that collects or targets data related to the people living in the EU. It states that the personal data and privacy of the citizens of the EU should be protected by any business, organisation or initiative operating in the region. The ones who do not comply are susceptible to strict fines.

GDPR Services Market Dynamics

The use of data has grown exponentially over the decades and is expected to grow even more with advancements in technologies using big data and machine learning for better performance. A huge amount of data footprint is being left behind with calls made, places visited or websites used. This makes customers vulnerable to various threats revolving around privacy and data security. There exists a rift between the consumers, the data they use and the data collected by organisations. Out-dated laws and regulations further blur the line of security. The need for enhanced security to protect consumers from privacy and data breach is expected to fuel the GDPR Services Market growth.

Increasing globalisation is raising concerns about data and privacy breaches. The use of data has also increased with customers not having enough knowledge of the privacy and data breach norms. This asymmetry of information on the collection and use of data collected from them is expected to grow the GDPR Services Market over the forecast period.

GDPR Services Market Regional Insights

Over the forecast period, Europe is expected to witness growth in the GDPR Services Market. This growth is mainly due to the acceptance of the GDPR legislation in the region. Since the EU was the region from where the legislation originated, there is more awareness among people and organisations, boosting regional growth. Countries like Germany and France are also moving towards GDPR services with government laws getting stringent concerning the use of consumer data.

North America held the second-largest market share with the U.S. being the regional market leader. A large customer base coming from Europe is responsible for the regional growth of the GDPR Services Market.

GDPR Services Market Segmentation: 

By Offering: 

  • Solutions
  • Data Management Solution
    • Data Discovery and Mapping
    • Data Governance
  • API Management
  • Services
  • Professional Services
    • GDPR Readiness Assessment
    • Risk Assessment and DPIA
    • DPO-as-a-Service
    • Training and Certification
  • Managed Services

By Organization Size: 

  • SMEs
  • Large Enterprises

GDPR Services Market Key Competitors include: 

  • IBM
  • Veritas
  • AWS
  • Microsoft
  • Micro Focus
  • Absolute Software
  • Capgemini
  • Informatica
  • Iron Mountain
  • Mimecast
  • OneTrust
  • Oracle
  • Proofpoint
  • Protegrity
  • SAP
  • SAS Institute
  • Symantec
  • Talend
  • TrustArc
  • Trustwave
  • Varonis

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Key questions answered in the GDPR Services Market are: 

  • What are GDPR Services? 
  • What is the current growth rate of the GDPR Services Market?  
  • What is the growth rate of GDPR Services Market for the forecast period? 
  • What is the nature of competition in GDPR Services industry in developed and developing economies? 
  • Who are the key players in the GDPR Services Market?
  • Who are the market leaders in GDPR Services in Europe?
  • Who are the market leaders in GDPR Services in USA and Canada?
  • Who are the market leaders in GDPR Services in India, China, Japan and South Korea?
  • What are the factors affecting growth in the GDPR Services Market? 
  • Who held the largest market share in GDPR Services Market? 
  • What are the factors for the growth of Asia-Pacific region in GDPR Services Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Offering, Organization Size and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Data Privacy Software MarketThe Data Privacy Software Market size is expected to reach USD 24.35 billion by 2029 at a CAGR of 40 percent during the forecast period. The Data Privacy Software Market is expected to be driven by increase in demand for data security and the adoption of Bring Your Own Device (BYOD) trend. 

Cyber Security MarketThe Cyber Security Market size is expected to reach USD 456.98 billion by 2029 at a CAGR of 9.7 percent during the forecast period. The Cyber Security Market is expected to be driven by increasing data privacy concerns and technological advancements in the field. 

Virtual Data Storage MarketThe Virtual Data Storage Market size is expected to reach USD 1.95 billion by 2029 at a CAGR of 14 percent during the forecast period. The Virtual Data Storage Market is expected to be driven by increased demand from venture capital companies and its rapid adoption by BFSI institutions. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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