Global GDPR Service Market Analysis and Forecast 2024 - Key Players are IBM, Nymity, Informatica, Microsoft, Oracle, Mimecast, Snow Software, OneTrust

The global GDPR service market is predicted to grow significantly the forecast period (2018 – 2024) due to the increasing adoption of GDPR compliances that helps in enhancing security services of the business organizations ensuring encrypted, secure and improved data to its users.

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On the basis of offering, the GDPR service market is segmented into solutions and services. The solutions market is further subcategorized into API management and data management. The data management segment is further subdivided into data governance and data mapping and discovery.

On the basis of organization size, the GDPR service market is segmented into large enterprises and small and medium enterprises. Among these two segments, large enterprises segment is expected to generate larger revenue and is expected to witness considerable growth during the forecast period.

Increasing adoption of privacy by design, cloud computing and big data are the key trends pertaining towards the growth of the GDPR service market across the globe.

The major factor that is driving the growth of the GDPR service market include rapid increase in large amount of data, increasing need for privacy and data security protection and excessive demand towards data handling and transparency.

The major factor that is hampering the growth of GDPR service market is shortage of required skilled workforce that can manage the GDPR systems in an effective manner. Additionally, presence of several legal compliances and norms are furthermore hindering the growth of GDPR service industry worldwide.

Geographically, Europe contributes the largest revenue to the global market and is also predicted to grow at the highest CAGR during the forecast period. The growth of GDPR service market in this region is attributed towards increasing acceptance of this service among the nations in the European Union. Moreover, it has been observed that GDPR signifies glorifying business prospects for the organizations existing in this region that helps them in gaining a competitive advantage.

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Furthermore, the influence of European Union in large-scale business enterprises is further expected to stimulate rigorous proceedings of data security across the globe. These factors are thereby exaggerating the growth of the market in this region.

The key players providing GDPR services are Absolute Software, Actiance, Hitachi Systems Security, MetricStream, Micro Focus, AWS, Capgemini, IBM, Nymity, Informatica, Microsoft, Oracle, Mimecast, Snow Software, OneTrust, Proofpoint, Protegrity, Swascan, Talend, Trustwave, TrustArc, Symantec, and Veritas.

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This release was published on openPR.