GDPR Assessment Tools Market to see Rapid Growth by 2029

The global GDPR assessment tools market is anticipated to grow at a CAGR of 21.5% during the forecast period (2023-2029). GDPR stands for general data protection regulation. It is a regulation on data protection and privacy in the European Union and European economic area, providing citizens more control over their data. Various EU companies that are situated outside Europe and are dealing with EU customers are also following this compliance to increase their customer base. GDPR assessment tools help organizations secure their data and reduce various cyber-attacks, which creates a lucrative opportunity for the market. The growth of the market is driven by demand from various end-use industries and growing launches of new and innovative solutions for GDPR assessments by market players and competent authorities.

for instance, in September 2022, the Spanish data protection authority ('AEPD') launched, a tool for analyzing risk factors of personal data processing under the requirement mandated by the General Data Protection Regulation (Regulation (EU) 2016/679) ('GDPR'), titled 'Evalúa_Riesgo RGPD'. In particular, the tool enables organizations to rapidly carry out a first, non-exhaustive assessment of the intrinsic risks stemming from data processing activities, indicating the necessity of performing a data protection impact assessment ('DPIA') and facilitating residual risk management by suggesting measures and safeguards mitigate said risks. Also, in May 2021, Sypher launched a free and completely anonymous tool that allows companies to quickly assess their ability to demonstrate GDPR compliance. The tool is intended for the DPO (Data Protection Officer) and was designed and developed based on the Sypher Virtual Assistant. The evaluation lasts about 10 minutes and reviews how the principles related to the processing of personal data and the rights of data subjects are respected. After completing the questionnaire, the respondent can immediately download a report that includes the overall score, an assessment of the progress made in documenting compliance, as well as recommendations for further detailed evaluation. The tool also offers access to a free GDPR registry verification package, which allows the identification and completion of possible omissions from the registry, the determination of high-risk activities (requiring DPIA) as well as the creation of a visual map of the company's processing activities.

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Market Coverage

• The market number available for - 2023-2029

• Base year- 2022

• Forecast period- 2023-2029

Segment Covered-

• By Service

• By Deployment

• By End-use Industry

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- including Microsoft Corp., IBM Corp., OneTrust LLC, TrustArc Inc., Capgemini Services SAS.

GDPR Assessment Tools Market Report Segment

By Service

• Consulting

• Training

• Implementation and Integration

• Support and Maintenance

By Deployment

• On-premise

• Cloud-based

By End-use Industry

• BFSI

• Healthcare

• Consumer and Retail

• Discrete and Process Manufacturing

• IT and BPO

A full Report of GDPR Assessment Tools Market is Available @ https://www.omrglobal.com/industry-reports/gdpr-assessment-tools-market

GDPR Assessment Tools Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· AlienVault, Inc.

· Capgemini Services SAS

· Cisco Systems, Inc.

· Commvault Systems, Inc.

· Deloitte Touche Tohmatsu LTD.

· Forcepoint™ LLC

· IBM Corp.

· Micro Focus International plc

· Microsoft Corp.

· Mimecast Services Limited

· OneTrust LLC

· SAS Institute

· Softcat PLC

· TrustArc Inc.

· Veritas

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