GDPR Services Market Survey Report 2020 Along with Statistics, Forecasts till 2026

Oct 20, 2021 (Market Insight Reports) --Global GDPR Services Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global GDPR Services market. This report provides a detailed overview of key factors in the GDPR Services Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for GDPR Services in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

The GDPR Services market was valued at USD 1183.2 million in 2020 and is expected to reach USD 4364 million by 2026, at a CAGR of 24.3% over the forecast period 2021 - 2026.

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Market Overview:
A new service designed and built by two data protection consultants aims to help organizations overwhelmed with the administrative burden of complying with the European Union (EU) General Data Protection Regulation (GDPR).
- In January 2020, Black Penny Consulting, a City of London-based digital transformation shop, developed the Compliance Space, which is designed to replace time-consuming spreadsheets with a more intuitive software interface that will make compliance management more effective and efficient�incorporating real-time legislative updates. The service is explicitly pitched at specialist consultants and data protection officers who are tasked with supporting businesses as they strive to meet their obligations under GDPR.
- With the increasing concerns over data privacy and security, the demand for GDPR services is anticipated to increase significantly. The number of reported cybersecurity incidents has increased substantially over the past few years, leading to the increased importance of data security and protection initiatives.
- A survey by IBM revealed that the healthcare and social services sectors currently have the highest volume of weekly attacks, closely followed by the transportation and hospitality sectors. The same survey also reported that outsider attacks account for close to 44% of the total attacks, followed by malicious insiders (23%), with the latter recording a steep rise in the past few years. The recent increase in financial and banking hardware also indicates a considerable increase in malware attacks in Europe.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Europe Occupy Significant Market Share
- Europe is anticipated to witness a significant share for GDPR services due to the high acceptance of the GDPR in the region. The regulation forces companies in these countries to comply with it.
- European privacy authorities have received nearly 65,000 data breach notifications since the EU's new privacy law went into full effect until May 2019. Also, regulators in 11 European countries have imposed USD 63 million in GDPR fines.
- In the United Kingdom, the number of data breach notifications has dropped by 17% to 11,499. In contrast, numbers almost doubled in France, with a 97% increase to 2,287, and soared in Spain, reporting 1,608 notifications, representing a 58% increase compared to the first year of GDPR.
- In April 2019, the new Cyber Security Law was introduced to broaden the existing regulation scope and introduce GDPR-type fines for certain violations. Such an increase in government regulations' stringency is expected to push the organizations in Germany to adopt cybersecurity solutions.
- Post-GDPR coming into effect, France introduced major reforms associated with cybersecurity policies. For instance, the telecommunication companies are allowed to scan their networks for technical clues of any anticipated or on-going attack. In some cases, telecom companies may also need to inform their customers of any unwanted cyber-attacks.
- The region is witnessing demand for IoT connected cars. This consists of individual data using which a person can be tracked. Then there is smart metering whereby personal data on household energy consumption patterns is leveraged. With the GDPR being affected in the region, for the companies in various end-users that deploy connected solutions, it has become necessary to secure the user's data. This is anticipated to drive the demand for the GDPR services.

Influence of the GDPR Services Market report:
–Comprehensive assessment of all opportunities and risk in the GDPR Services Market.
–GDPR Services Market recent innovations and major events.
–Detailed study of business strategies for growth of the GDPR Services Market market-leading players.
–Conclusive study about the growth plot of GDPR Services Market for forthcoming years.
–In-depth understanding of GDPR Services Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the GDPR Services Market.

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