GDPR Services Market is Slated to Witness Tremendous Growth in Coming Years | by IBM (US, Veritas (US, Amazon Web Services Inc. (US

New Jersey, United States - Analysis of GDPR Services Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast

The General Data Protection Regulation (GDPR) is a legislative framework with rules for gathering and using individuals' personal information. It accomplishes this through in-depth historical data, dependable estimates, and qualitative assessments of market size. The GDPR services market has a 2017 market size of USD 765.8 million and is projected to increase at a Compound Annual Growth Rate (CAGR) of 24.0% from 2018 to 2023, reaching USD 2,659.4 million. The projected period is from 2018 through 2023, with 2017 serving as the study's base year. According to an investigation, the healthcare and social services industries currently experience the most weekly attacks, followed closely by the travel and hotel industries.

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Maintaining and establishing GDPR compliance has become a major concern for enterprises worldwide that store information on EU citizens in the roughly two years since the legislation went into effect. According to research done in 2019 by security package supplier Egress, more than half of GB organisations were not GDPR compliant. The same analysis also found that malicious insiders were responsible for about 23% of all attacks, with external attacks accounting for nearly 44% of all attacks overall.

The GDPR service market's expanding demand for cloud computing and the internet of things is anticipated to be more productive and capable of offering end consumers enhanced products. Technologies like cloud computing can enhance data privacy and services for the data. An increase in research and development spending will pave the path for advancements. The increase in money being allocated for the creation and development of advanced and automated technology to manage large volumes of structured and unstructured data is a result of the increasing number of strategic market alliances. The level of investment in research and development would also rise, paving the path for advancements in information technology. The market will also benefit from the increasing integration of artificial intelligence and machine learning technologies, as well as from the rise in remote working and the ongoing digital transformation.

Division segment:
Global General Data Protection Regulation (GDPR) Services Market, By Deployment Type (On-premise, Cloud), Offering (Data Management, Data Discovery and Mapping, Data Governance, API Management), Organization size ( Large Enterprises, Small and Medium-sized Enterprises), End-user Industry (Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing) - Industry Trends and Forecast to 2029. The solutions sector is predicted to hold the largest proportion, or 61.12%, in 2021 because of the variety of corporate applications it provides for the adoption of Industry 4.0 all over the world.

Regional analysis:
Due to the implementation of stringent rules within the EU and the existence of significant GDPR service providers in the region, Europe is predicted to hold the largest market share over the course of the projection period. To protect the personal information of users and new entrants who want to expand their operations in the EU, firms who are based outside the EU but deal with clients based there need GDPR services. Therefore, they must comply with the GDPR law, which is expected to promote market growth in the future.

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Competitive analysis:
IBM (US) Veritas (US) Amazon Web Services, Inc. (US) Microsoft (US) Micro Focus (UK) Absolute Software Corporation. (Canada) Capgemini Company Confidential (France) Informatica (US) Iron Mountain Incorporated. (US) Mimecast Services Limited. (UK) OneTrust, LLC. (US) Oracle (US) Proofpoint. (US) Protegrity Inc. (US) TrustArc Inc (US) Trustwave Holdings, Inc. (US)

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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

This release was published on openPR.