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Booming GDPR Services Market: Rise from $3.65 Billion in 2024 to $4.44 Billion in 2025 Expected, Attributed to Heightened Data Privacy Concerns and Growing Cyber Threats
GDPR Services Market Size
What Is The Projected Market Size Of The Global GDPR Services Market And Its Growth Rate?
The GDPR services market has shown significant growth:
• The market is set to rise from $3.65 billion in 2024 to $4.44 billion in 2025, growing at a CAGR of 21.5%
• The growth in the market size is due to increasing awareness of data privacy, the global impact of GDPR compliance, complexity of data processing operations, penalties and legal consequences, and increasing data breaches and cyber threats
• The market size is predicted to soar exponentially, reaching $11.06 billion in 2029 at a CAGR of 25.6%
• The forecast period sees growth stimulated by evolution of data privacy regulations, increased focus on individual rights, expanding scope of personal data, globalization of data protection concerns, and rising importance of data ethics
What Is Driving The Growth In The GDPR Services Market?
The rise in data breaches is a key driver for growth in the GDPR services market. Data breaches can result from various methods including hacking, phishing, malware, or theft of devices storing sensitive information. GDPR services help organizations manage these breaches promptly and effectively, thereby reducing potential harm to individuals and the organization's reputation. In 2023, Astra IT Inc. recorded an increase in data breaches by 2.6% resulting in costs of $4.35 million, up from $4.24 million in 2021. For critical infrastructure organizations, the average cost of a data breach has risen to $4.82 million.
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Who Are the Key Players Driving GDPR Services Market Growth?
The key companies operating in the GDPR services market include:
• 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.,
• Dun & Bradstreet Corporation,
• Broadcom Inc.,
• Ethyca Inc.,
• AvePoint Inc.
What Are The Key Trends In The GDPR Services Market?
The key trends impacting the GDPR services market 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
What Are The Segments Of The Global GDPR Services Market?
The GDPR services market can be segmented as follows:
• By Offering: Solutions, Services
• By Type Of Deployment: On-Premises, Cloud
• By Organization Size: Large Enterprise, Small And Medium-sized Enterprises
• By End-User Industry: BFSI, Telecom And IT, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Other End Users
Which Region Leads The GDPR Services Market?
Europe was the largest region in the GDPR services market in 2024. North America is forecasted to be the fastest-growing region in the future. Other regions covered in the GDPR services market include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The GDPR Services Market Global Market Report?
• Market Size Analysis: Analyze the GDPR Services Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the GDPR Services Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall GDPR Services Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the GDPR Services Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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