The Global GDPR Services Market is estimated to reach USD 3.3 Billion by 2025 at a CAGR of 24.6%, observes forencis research (FSR).
The General Data Protection Regulation (GDPR) is a legal framework that sets a guideline for the collection and processing of personal information collected from individuals who lives in the European Union (EU). Also, it is a regulation that update and unify data privacy laws across the European Union on data protection and privacy in the European Union and the European Economic Area. The GDPR was approved by the EU Parliament on April 14, 2016 and came in effect on May 25, 2018. GDPR is mainly related to organizations and enterprises which deal with the personal information of EU citizens.
Market Drivers:
Rising demand for cloud computing and the Internet of Things in the GDPR market are projected to be more effective and may offer end users with augmented products. Also, cloud computing technology may help in increasing data privacy and services for the data. It continuously helps in monitoring the data breach and data transfer in its new environment.
Hence, rising demand for cloud computing and IoT technology is expected to surge the GDPR services market during the forecast period.
Data transparency is the central principle in GDPR as it advances the purpose of the individual’s rights and accountability. The law for data processing mandates that each organization will have a Data Protection Office (DPO) along with an audit of any activities which happen regarding data processing.
Therefore, advancement in data processing transparency is expected to drive the GDPR services market during the forecast period.
Market Challenges:
There is a penalty for those companies and organizations that don’t comply with GDPR, fines of up to 4% of annual global revenue or 20 million Euros. British Airways is facing fines of up to €200 million for a data breach in September 2018. Also, Marriott International, Inc. is fined more than £99 million under GDPR services for the data breach.
The report on the GDPR Services market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2025 (2020 estimated year, forecasted up to 2025) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Deployment Type, Component, End-use, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
GDPR Services Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
GDPR Services Market, By Deployment Type
GDPR Services Market, By Component
GDPR Services Market, By End-User
GDPR Services Market, By Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rising Demand for Cloud Computing and IoT Technology
4.2.2. Advancement in Data Processing Transparency
4.3 Opportunities
4.3.1 Rising Advancement for Cybersecurity
4.4 Challenges
4.4.1 Non-Compliance Penalties and Regulation Issues
4.4.2 Lack of Awareness and Expertise
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GDPR SERVICES MARKET BY DEPLOYMENT TYPE, Market Size in USD Million (2018—2025)
6.1 Introduction
6.2 Cloud
6.3 On-Premises
7 GDPR SERVICES MARKET BY COMPONENT, MARKET Size in USD Million (2018—2025)
7.1 Introduction
7.2 Solution
7.2.1 Data Management
7.2.2 API Management
7.3 Services
8 GDPR SERVICES MARKET BY END-USE, MARKET Size in USD Million (2018—2025)
8.1 Introduction
8.2 Healthcare
8.3 BFSI
8.4 Education
8.5 Retail & E-Commerce
8.6 Media & Entertainment
8.7 Travel
8.8 Others
9 GDPR SERVICES MARKET BY REGION, Market Size in USD Million (2018—2025)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East & Africa
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 IBM Corporation
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Veritas Technologies, LLC
11.3 Amazon.com, Inc.
11.4 Microsoft Corporation
11.5 Micro Focus
11.6 Absolute Software Corporation
11.7 Capgemini SE
11.8 Oracle Corporation
11.9 SAP SE
11.10 Informatica
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain