Press release
GDPR Compliance Services Market Insights Report 2024
GDPR Compliance Services Market Insights
According to The Business Research Company's, The gdpr services market size has grown exponentially in recent years. It will grow from $3.03 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to growing awareness of data privacy, global impact of gdpr compliance, complexity of data processing operations, penalties and legal consequences, increasing data breaches and cyber threats.
The gdpr services market size is expected to see exponential growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to evolution of data privacy regulations, increased focus on individual rights, expanding scope of personal data, globalization of data protection concerns, rising importance of data ethics. Major trends in the forecast period include technological advances and data analytics, data protection officer (dpo) outsourcing, emergence of gdpr technology solutions, focus on data subject rights management, incident response and breach management.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/gdpr-services-global-market-report
Market Drivers and Trends:
The growing number of data breaches is expected to propel the growth of the GDPR services market going forward. A data breach occurs when data is stolen or taken from a computer system without the owner's knowledge or authority. It can happen through several methods, including hacking, phishing, malware, or the actual theft of devices storing sensitive information. GDPR services can assist organizations in managing data breaches in a timely and effective manner, minimizing any harm to individuals and the organization's reputation. For instance, in March 2023, according to Astra IT Inc., a US-based company in the computer network and security industry, according to data breach statistics, the data breach grew by 2.6% to $4.35 million in 2022 from $4.24 million in 2021. The average cost of a data breach for critical infrastructure organizations, on the other hand, has risen to $4.82 million. Therefore, the growing number of data breaches is driving the growth of the GDPR services market going forward.
Technological advancements are the key trends gaining popularity in the GDPR services market. Companies operating in the GDPR services market are adopting new technologies to sustain their position in the market. For instance, in July 2021, Jolocom GMBH, a Germany-based software company, launched SmartWallet 2.0., a digital application provider that leverages blockchain technology for identity proof has released a new version of its app for storing digital assets and identification that is compliant with the European Union's General Data Protection Regulation. To ensure GDPR compliance, digital identities maintained in the app must provide users with a simple and verifiable mechanism to opt out of organizations collecting personally identifying information.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10116&type=smp
Major Key Players of the Market:
The International Business Machines Corporation; Oracle Corporation; Microsoft Corporation; Micro Focus; SAP SE; Capgemini SE; Absolute Software Corporation; Trustwave Holdings Inc.; Proofpoint Inc.; Veritas Technologies LLC; Informatica Inc.; SAS Institute Inc.; Amazon Web Services Inc.; Mimecast Services Limited; OneTrust LLC; Talend S.A.; TrustArc Inc.; Iron Mountain Inc.; Hitachi Systems Security Inc.; MetricStream Inc.; Nymity Inc.; Protegrity Corporation; Snow Software AB; Symantec Corporation; Varonis Systems Inc.; Actiance Inc.; Dun & Bradstreet Corporation; Broadcom Inc.; Ethyca Inc.; AvePoint Inc.
GDPR Services Market 2024 Key Insights:
• The gdpr services market will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%.
• Gdpr Services Market Surges Amidst Growing Data Breach Concerns
• Cutting-Edge Technologies To Reshape The Gdpr Services Market
• Europe was the largest region in the GDPR services market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10116&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release GDPR Compliance Services Market Insights Report 2024 here
News-ID: 3751706 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for GDPR
GDPR Certification in Los Angeles
Ensure data privacy and regulatory compliance with **GDPR Certification in Los Angeles** through B2B Cert. Our expert team helps businesses implement robust data protection practices aligned with EU standards, safeguarding customer information and building trust. Achieve global credibility and avoid penalties with our end-to-end GDPR compliance services.
Website: https://www.b2bcert.com/gdpr-certification-in-los-angeles/
#8, 3rd floor, 24th Main Road, Ayodya Nagar,5th Phase, Bengaluru, Karnataka
B2BCERT is a Solutions & Service organization, specialized in management consulting, Trainings,…
Complete Guide to GDPR Compliance
The impact of GDPR on business is related to how companies process, store, and secure data of EU citizens. GDPR regulation is expected to impact different departments of companies such as product development, human resource, and sales & marketing. Therefore, companies are streamlining their business operations in compliance to GDPR reforms. GDPR focuses on risk management as well and requires a risk assessment, and data protection impact assessment (DPIA) when…
GDPR Consulting Service Market is set to Fly High Growth in Years to Come | A2se …
The Latest research study released by HTF MI "Worldwide GDPR Consulting Service Market with 101+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments…
Open Access BPO Achieves GDPR Compliance
MAKATI CITY, Philippines, September 2, 2021— Multilingual outsourcing firm, Open Access BPO, announced that it has achieved compliance with the General Data Protection Regulation (GDPR) legislated by the European Union (EU).
The GDPR is the EU's data privacy and protection law that governs how businesses handle EU citizens' personal data. This applies to all companies that collect and process personally identifiable information from EU citizens.
Open Access BPO achieved compliance following a…
GDPR Consulting Service Market 2020 Global Analysis By Key Players - Kerubiel, S …
WiseGuyReports.Com Publish a New Market Research Report On -" GDPR Consulting Service Market 2020 Global Analysis By Key Players - Kerubiel, Semago, TNP Consultants, A2secure, datenschutzexperte.de, GDPR Masters, Northdoor".
GDPR Consulting Service Market 2020
Description: -
This report focuses on the global GDPR Consulting Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the GDPR Consulting Service development in North America, Europe, China, Japan, Southeast…
Europe GDPR Assessment Tools Market: Expeditious Requirement of GDPR Assessment …
Growing imperativeness of information and data protection in light of increased concerns regarding cyber-crimes and leak of personal data has supported the initiation of the EU General Data Protection Regulation (GDPR) assessment tools. Superseding the Data Protection Directive 95/46/EC, GDPR facilitates harmonizing of data privacy laws across European countries in order to empower and streamline processes in organizations that are involved with personal information.
Click for Sample Copy of the Report…
