GDPR Services Market to grow at 24.0% CAGR during 2018-2023

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The GDPR Services Market is expected to grow from USD 907.4 Million in 2018 to USD 2,659.4 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. This report spread across 132 pages, profiling 20 companies and supported with 50 tables and 46 figures is now available in this research.

“The SME segment is expected to grow at a higher rate as compared to the large enterprises segment during the forecast period”
Implementing GDPR can be overwhelming for SMEs that have limited resources or capital. GDPR may not be the top objective for many SMEs. However, the consequences of not complying with GDPR can lead to fines or the withdrawal of business license within the EU region. The high cost of implementing GDPR solutions and services may lower profit margins for SMEs, however, with the implementation of GDPR, several SMEs could benefit from partnering with MSPs to help them comply with the new legislation.

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“Europe is expected to grow at the highest CAGR during the forecast period”
Based on Geography, the European region is expected to witness the fastest growth in the GDPR services market as GDPR has been adopted by the European Union since May 2018. GDPR represents a business opportunity for European organizations to gain an advantage over their competitors. The global nature of GDPR is expected to impact the vast majority of large businesses in Europe. Though GDPR originated in Europe, it is expected to affect international markets as well. International companies across the globe with any EU citizens as customers need to be aware of and comply with these new legal obligations to avoid fines.

Breakdown of primary participants’ profile:
• By Company Type: Tier1 (50%), Tier2 (30%), and Tier 3 (20%)
• By Designation: C-Level (45%), Director Level (35%), and Manager Level (20%)
• By Region: Europe (45%), North America (35%), APAC (15%), and RoW (5%)

Report Highlights:
• To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of World (RoW)

• To determine and forecast the global General Data Protection Regulation (GDPR) services market on the basis of type (solutions and services), organization size, vertical, and region from 2018 to 2023, and analyze the various macro and microeconomic factors that affect market growth

• To provide detailed information regarding the major factors influencing the growth of the GDPR services market (drivers, restraints, opportunities, and challenges)

• To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market

• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market

• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

Competitive Landscape of GDPR Services Market:
1 Overview
2 Market Ranking Analysis for the GDPR Services Market
3 Competitive Scenario
3.1 New Product Launches/Product Enhancements
3.2 Business Expansions
3.3 Mergers and Acquisitions
3.4 Agreements and Partnerships

Target Audience for GDPR Services Market: Data Subjects, Data Controllers, Data Processors, Data Protection Officers, GDPR Services Solution Providers, GDPR Services Service Providers, Government Organizations.

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Top Key Players profiled in the GDPR Services Market include are Absolute Software (Canada), Actiance (US), AWS (US), Capgemini (France), Hitachi Systems Security (Canada), IBM (US), Informatica (US), MetricStream (US), Micro Focus(UK), Microsoft (US), Mimecast (UK), Nymity (Canada), OneTrust (US and UK), Oracle (US), Proofpoint (US), Protegrity (US), SAP (Germany), SAS (US), Snow Software (Sweden), Swascan (Italy), Symantec (US), Talend (US), TrustArc (US), Trustwave (US), Varonis (US), Veritas (US).

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This release was published on openPR.