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GDPR Services Market 2028 Provides Growth Forecast and Upcoming Trends Opportunities by Types, Development Factors | Introspective Market Research

GDPR Services Market

GDPR Services Market

Market Overview:

The global GDPR services market was valued at USD 3374.06 million in 2021 and is expected to reach USD 14995.79 million by the year 2028, at a CAGR of 23.75%.

GDPR (General Data Protection Regulation) aims to ensure “data protection by design,” which implies making data protection a key component of product and service development. Regulations are a legal framework of guidelines to collect and process the personal information of people who live in the European Union. GDPR mostly impacted the services sector, sectors like customer care, data entry, IT, banking, and advertising. Any country cannot provide their service to a European client unless they didn’t follow the regulation European Union provided as a GDPR. The GDPR also regulates the personal data which goes outside the EU called exportation data which gives more control over personal data to the EU citizens. It puts the eye on the way companies across the world handle their customers’ personal information, GDPR gives security to the customer regarding the protection of their data.

Major Key Players for GDPR Services Market:

  • IBM Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • Capgemini
  • Veritas
  • Informatica
  • Micro Focus
  • Absolute Software
  • Actiance
  • Hitachi systems security
  • MetricStream
  • Mimecast
  • Nymity
  • One Trust
  • Proofpoint
  • Protegrity and Others.

Market Dynamics and Factors:

Companies in the world are facing a huge problem of cyber-attack. Personal information of people is used by many sectors like banking, IT, and data entry to provide different services to the people but there is a high risk of misusing this data by other people. GDPR service helps organizations to reduce various cyber-attacks and secure their data. This is a regulation approved by the European Union to control the misuse of information by any company or people and maintain privacy people and provide security. Different companies that are situated outside Europe and dealing with EU customers also have to follow this regulation to increase their customer base. Therefore, security and control over information are driving the growth of the GDPR Services Market in upcoming years.

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GDPR Services Market Report Highlight:

  • By Type, the solution segment is anticipated to have the highest share of the GDPR Services Market in the projected timeframe. The firms’ solution includes data discovery, accuracy, categorization, and lineage identification, as well as the deployment of security solutions across data at rest and in motion. In the industry, the most preferred option is an automated monitoring and reporting system for security breaches.
  • By End User, Manufacturing & Retail held the market share and dominating the GDPR services market with the largest market size. Manufacturing companies have larger labour workforce in the production plants which need to be protected and new EU regulation mandates for manufacturing companies to comply. Therefore, Manufacturing segment expected to grow during forecasted period.
  • Europe is anticipated to capture the maximum market share of the GDPR Services Based Market over the projected period. This region has the most technologically advanced countries and the companies in this region are continuously engaged in R&D that helps to boost the market.

Key Industry Development:

  • In March 2022, The European Union and the United States have reached a fundamental agreement on a new framework for transatlantic data transfers.
  • In May 2020, the European Union updated their guidelines of GDPA to give more privacy and security to the people. These updates are made on cookie wall and scrolling through web content.

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GDPR Services Market Segmentation:

By Offering Type

  • Solutions
  • Services

By End-User

  • Manufacturing & retail
  • Utilities, IT & Telecom
  • BFSI
  • Government services
  • Automotive
  • Travel & hospitality
  • Media & entertainment
  • Education and others

Customized Report:

For this report, Introspective Market Research has segmented the GDPR Services Market based on the region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Scope of the Report:

The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The GDPR Services Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.

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