The global GDPR market is prompted to record ~26.3 CAGR during the forecast period, 2018-2025. The development in the market can be pragmatic with the rising factors from all corners of the globe. Market Research Future estimates the figures and reveals that the market will witness USD 3,177.6 million by the end of the year 2025 after the market was valued USD 987.4 million in 2018.
The GDPR Services Market Analysis is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the GDPR Services Market Analysis highlights the future prediction and the growth alternatives that can be created.
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Top Market Players
The outstanding players in GDPR Services Market Analysis are included as Micro Focus (UK), IBM (US), Veritas (US), AWS (US), Capgemini (France), Microsoft (US), Informatica (US), Absolute Software (Canada), Iron Mountain (US), Mimecast (UK), Proofpoint (US), Oracle (US), and Trustwave (US).
Key Market Drivers
Organizations worldwide are progressively facing identity data breaches, owing to many kinds of fraud. Cybercriminals are continuously trying to enter business networks and acquire customer information. Therefore, robust authentication-based fraud detection solutions platforms help in protecting banking and financial institution customers from the latest threats in online fraud. These factors have been considered as necessary in the growth course of the global GDPR market.
GDPR services offer a guideline for the collection of personal data collection and processing within the European Union. The global data protection regulation (GDPR) is a legal frame which aids to protect the personal data of European citizens and address the export of personal data outside Europe. In the case of point, back in 2017, the IBM division launched a new account of fraud detection that assist detect fraud at its initial stage only. As banks move to more anchor installment cards and new installment channels, digital crooks have progressed to online channels, to endeavor similar information for opening financial balances and applying for advances, credit, protection, and different kinds of records.
In fact, back in the year 2017, Dell also announced the launch of its new machine, which helps in in-depth learning solutions. These new arrangements are relied on to empower associations to exploit the union of HPC and information investigation and acknowledge headway in territories, including picture handling, misrepresentation recognition, and budgetary speculation examination. Thus these companies are still now developing software in order to protect the user information, which will derive the GDPR Services Market Analysis.
Segmentation of Market: GDPR Services
The Global GDPR Services Market Analysis has further segmented over component, organization size, and industry vertical.
Among the component segment, the market has included solutions and services. The solutions segment in the study has included data governance, data discovery and mapping, and API management. The services segment is again segmented into risk assessment and data protection impact assessment (DPIA), GDPR readiness assessment, data protection officer (DPO) as a Service, and managed services.
Among the organization size segment, the market has included large enterprises and SMEs.
Among the industry vertical segment, the market has included government and public administration, BFSI, retail and eCommerce, education, media and entertainment, healthcare travel and hospitality, and others.
Europe, North America, Asia-Pacific (APAC), and the rest of the world are the prime regions where the global GDPR Services Market Analysis study has been conducted.
Europe is likely to lead the GDPR Services Market Analysis during the assessment period. The region has introduced the new GDPR, and many businesses in the region are quickly adopting the GDPR services to protect its brand reputation and comply with the GDPR guidelines.
Enterprises in other regions, such as North America and APAC, are also adopting the GDPR services to effortlessly operate its business operations to serve the customers in the European region. Asia-Pacific is likely to breed at the fastest rate during the estimated period. In fact, the presence of many enterprises in APAC, serving a large clientele base, is one of the major driving factors for the fast growth of the GDPR Services Market Analysis in the APAC region. Countries like Japan, China, and India are anticipated to be the leading countries in APAC in terms of market share, and this trend is likely to continue in the upcoming years.
LIST OF TABLES
Table1 Global GDPR Services Market Analysis, By Region, 2019-2025
Table2 Europe GDPR Services Market Analysis, By Country, 2019-2025
Table3 North America GDPR Services Market Analysis, By Country, 2019-2025
Table4 Asia-Pacific GDPR Services Market Analysis, By Country, 2019-2025
Table5 Rest Of The World GDPR Services Market Analysis, By Country, 2019-2025
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LIST OF FIGURES
FIGURE 1 Global GDPR Services, Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global GDPR Services Market Analysis
FIGURE 4 Value Chain Of Global GDPR Services Market Analysis
FIGURE 5 Share Of Global GDPR Services Market Analysis, By Country, 2019 Vs 2025
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