GDPR Services Market To Reach USD 3.3 Billion In 2025 | CAGR 24.6 % - Forencis Research

GDPR Services Maket Size, Share, Trends, Growth, Analysis, Research

Global GDPR Services Market: Key Highlights

  • According to the new market research report “GDPR Services Market by Deployment Type (Cloud and On-premises), by Component (Solution and Services), by End-Use (BFSI, Healthcare, Education, Retail & E-Commerce, Media & Entertainment, Travel), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2018 to 2025)”, the global GDPR Services market is estimated to reach USD 3.3 Billion in 2025 at a CAGR of 24.6% during forecast period 2018-2025.
  • Rising demand for cloud computing and IoT technology is projected to be more effective and may offer end users with augmented products which will drive the GDPR services market during the forecast period.
  • However, non-compliance penalties and regulation is an issue which is expected to hinder the growth of the market during the forecast period.

GDPR Services Market

Global GDPR Services Market: Key Market Dynamics

  • Advancement for data processing transparency helps to advance the purpose of the individual's rights and accountability which is expected to surge the GDPR services market during the forecast period.
  • Rising demand for IoT technology and cloud computing technology will help to increase the data privacy and services for the data is projected to boost the growth of GDPR services.
  • Non-compliance penalties and regulation issues for those companies and organizations that don’t comply with GDPR fines of up to 4% of annual global revenue or 20 million Euros.
  • Rising advancement for cybersecurity help for protecting key business assets on a wider basis. which is excepted to boost the growth on the market.

Global GDPR Services Market: Regional Overview

  • Asia-Pacific

Asia-Pacific government is projected to be a strong player in data protection compliance. In Asia where it is found that some companies and organizations are preparing for the GDPR services. Many countries in the Asia-Pacific region have taken an encouragement from the European Union (EU) General Data Protection Regulation (GDPR) by either adopting it or planning to adopted it in future. In Japan, by 2019 it received an adequacy approval from the European Commission for enabling frictionless data sharing between EU and Japan.

However, many organizations and businesses in the APAC region are still not being aware of GDPR services.

  • Europe

Europe is expected to have the world's strongest data protection rules. In 2018 the UK created a new Data Protection Act which has replaced the 1998 Data Protection Act. The UK’s Information Commissioner’s Office (ICO) announced that large fines are imposed on Marriot and British Airways for data breach-related incidents. The proposed fines announced were USD 123 million for Marriot and USD 228 million for British Airways.

Global GDPR Services Market: Key Players Overview

  • IBM Corporation:

International Business Machines Corporation is an American multinational information technology company. The company is a global technology company that provides cloud-based services, GDPR computing, hardware, and software. IBM offers comprehensive solutions, services, and expertise to help your progress to GDPR readiness and beyond.

  • Amazon.com, Inc.:

Amazon.com, Inc. engages in the provision of online retail shopping services. The company provides on-demand cloud computing platforms and APIs to individuals, companies, and governments. On 22 May 2018, announced AWS GDPR Data Processing Addendum is a part of online Service Terms. The AWS GDPR DPA is incorporated into the AWS Service Terms and applies automatically to all customers globally.

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Rep Id : ICT 039

Published : 2020-01-29