GDPR Services Market 2018-2023 Global Prominent Key Players are IBM, Micro Focus, AWS, Veritas, Microsoft, Capgemini, Absolute Software, Informatica, Mimecast, Iron Mountain, Oracle Etc.Market Synopsis
Globally, the General Data Protection Regulation (GDPR) services market is expected to grow from USD 987.4 million in 2018 to USD 3,177.6 million by 2023, at a CAGR of 26.3% during the forecast period, 2018–2013. Global need to meet the GDPR compliance requirements, increasing digitalization creating large volume of customer data, and need to protect brand reputation are some of the major driving factors for the wide adoption of GDPR services globally. However, lack of expertise and awareness among many organizations, particularly Small and Medium-sized Enterprises (SMEs) in developing economies, act as a major restraining factor for the growth of the GDPR services market in the upcoming years.
GDPR services are outsourced services that include a well-defined framework for compliance assessment and policy implementation within an organization. These services cover all the aspects of an organization- people, processes, and technology. It provides the right guidance to enterprises on how to store and process the EU citizen’s personal data, irrespective of the location where the data are stored and processed.
GDPR services has a wide adoption in almost all industry verticals, such as Banking, Financial Services, and Insurance (BFSI), government and defense, education, retail and eCommerce, healthcare, media and entertainment. BFSI, healthcare, and retail and eCommerce are some of major industry verticals adopting the GDPR services to operate their business processes according to the GDPR guidelines.
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The Global GDPR services market is segmented based on component, organization size, industry vertical, and region/country.
By component, the market is segmented into solutions and services. The solutions covered in the study are data discovery and mapping, data governance, and API management. The services segment is further segmented into GDPR readiness assessment, risk assessment and data protection impact assessment (DPIA), data protection officer (DPO) as a Service, and managed services.
By organization size, the market is segmented into large enterprises and SMEs.
By industry vertical, the market is segmented into BFSI, government and public administration, education, retail and eCommerce, heatlhcare, media and entertainment, travel and hospitality, and others.
According to the latest trend in the GDPR services market, most enterprises are expanding their technological capabilities, with increased investments in research and developments activities. Most of the companies have adopted inorganic strategy to expand their businesses, wherein, new product/service launch and product/service enhanement accounted for XX%, whereas; the strategy of partnership and collaboration accounted for XX% of the overall key development undergone by the key players in the market.
Brief TOC of GDPR Services Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Industry Overview
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Global GDPR Services Market
5 Market Dynamics
5.2 Growth Drivers
5.4 Market Restraints
5.4 Market Opportunities
6. Global GDPR Services Market, By Component
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast, By Region, 2018-2023
6.2.3 Data Discovery And Mapping
188.8.131.52 Market Estimates & Forecast, 2018-2023
184.108.40.206 Market Estimates & Forecast, By Region, 2018-2023
6.2.4 Data Governance
220.127.116.11 Market Estimates & Forecast, 2018-2023
18.104.22.168 Market Estimates & Forecast, By Region, 2018-2023
6.2.5 API Management
22.214.171.124 Market Estimates & Forecast, 2018-2023
126.96.36.199 Market Estimates & Forecast, By Region, 2018-2023
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast, By Region, 2018-2023
6.3.3 GDPR Readiness Assessment
188.8.131.52 Market Estimates & Forecast, 2018-2023
184.108.40.206 Market Estimates & Forecast, By Region, 2018-2023
6.3.4 Risk Assessment And DPIA
220.127.116.11 Market Estimates & Forecast, 2018-2023
18.104.22.168 Market Estimates & Forecast, By Region, 2018-2023
22.214.171.124 Market Estimates & Forecast, 2018-2023
126.96.36.199 Market Estimates & Forecast, By Region, 2018-2023
6.3.6 Managed Services
188.8.131.52 Market Estimates & Forecast, 2018-2023
184.108.40.206 Market Estimates & Forecast, By Region, 2018-2023
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