Press release
Global Data Privacy Software Market Size, Share, Companies and Industry Forecast 2028
In 2022, The Market for Data Privacy Software was estimated to be worth USD 1.89 billion. According to projections, the market will increase from USD 2.63 billion in 2023 to USD 29.31 billion in 2028, growing at a CAGR of 38.9% throughout that time. Data privacy software helps businesses manage and use the personal data of their clients. The software categorises the customer's material in accordance with national compliance standards and legal requirements. Organisations are adopting data privacy software as a result of growing worries about breaches of sensitive and personal data. One such example is the new Policies and Insights (PI) Software-as-a-Service product AvePoint, Inc. launched in October 2020 to guard against the exposure of sensitive data. The end-users who utilise this data access governance system can share their data excessively.
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The Key companies profiled in the Data Privacy Software Market:
The study examines the Data Privacy Software Market's competitive landscape and includes data on Egnyte, SAI Global, Aptible, Salesforce, DtaGrail, Box Zones, Netwrix Auditor, DPOrganizer, OneTrust, HPE, Teramind DLP, CrashPlan, Alteryx & Others.
Global Data Privacy Software Market Split by Product Type and Applications
This report segments the Data Privacy Software Market on the basis of Types:
Cloud Based
Web Based
On the basis of Application, the Data Privacy Software Market is segmented into:
Large Enterprises
SMEs
The demand for data privacy software is increasing as IoT devices proliferate in sectors such manufacturing, BFSI, healthcare, and others. According to McKinsey & Company, 43 billion IoT-connected devices are anticipated to exist by 2023. Similar to how widespread use of 5G technology is anticipated to create chances for major market players to diversify their product lines. Real-time customer and business data is shared and used through Internet of Things (IoT) technologies. Through the wireless network, real-time information and transaction-related data are communicated. IoT usage has skyrocketed in a number of sectors, including smart cities, smart retail, smart home appliances, and health monitoring, which has boosted the demand for IoT security.
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Throughout the projected period, North America is anticipated to hold the greatest market share for data privacy software. The region's market growth potential are anticipated to be fueled by key players' increased investments and strong market presence. Due to customers' increasing understanding of data protection laws, the United States is predicted to dominate this market. Asia Pacific is anticipated to grow significantly during the forecasted timeframe. In order to deal with the rising amount of data breaches, China and India have implemented national data protection laws. The predicted term is expected to see significant CAGR growth in Europe. The rollout of GDPR and the first move towards consumer rights and data protection will probably present chances for the major firms.
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Market Segmentation:
Data Privacy Software market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The data privacy software market is divided into many categories based on industry, including BFSI, healthcare, IT and communications, government, retail, manufacturing, and others (education). During the forecast period, it is anticipated that the BFSI sector will hold a dominant market share. The need for data privacy software is anticipated to increase as a result of expanding online consumer interactions and the growing usage of digital banking applications. Additionally, businesses in the BFSI sector retain and manage users' extremely private data. During the projection period, the healthcare sector is anticipated to grow. Growing concerns about patient health information brought on by an increase in cyberattacks on the sector are anticipated to spur expansion. A further factor driving up demand for privacy management software is the adoption of the Health Insurance Portability and Accountability Act in the healthcare sector.
Major Point from Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Data Privacy Software Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Data Privacy Software Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Data Privacy Software Market Analysis
Chapter 6 East Asia Data Privacy Software Market Analysis
Chapter 7 Europe Data Privacy Software Market Analysis
Chapter 8 South Asia Data Privacy Software Market Analysis
Chapter 9 Southeast Asia Data Privacy Software Market Analysis
Chapter 10 Middle East Data Privacy Software Market Analysis
Chapter 11 Africa Data Privacy Software Market Analysis
Chapter 12 Oceania Data Privacy Software Market Analysis
Chapter 13 South America Data Privacy Software Market Analysis
Chapter 14 Company Profiles and Key Figures in Data Privacy Software Business
Chapter 15 Global Data Privacy Software Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
Global Data Privacy Software Market Research FAQs
1.What is the study period of this Data Privacy Software Market?
2.What is the growth rate of this Market?
3.Which region has the highest growth rate in this Market?
4.Which region has the largest share in this Market?
5.What are the key contributing factors to the market growth?
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