GDPR Services Market by Solution, Service, Organization Size, and Region - Global Forecast to 2024

The global GDPR service market is predicted to grow significantly the forecast period (2018 – 2024) due to the increasing adoption of GDPR compliances that helps in enhancing security services of the business organizations ensuring encrypted, secure and improved data to its users.

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The major factor that is driving the growth of the GDPR service market include rapid increase in large amount of data, increasing need for privacy and data security protection and excessive demand towards data handling and transparency. Moreover, increasing adoption of Privacy by Design (PbD) for enhancement of data safety and privacy among the various business organizations is another factor pertaining towards the growth of the market. PbD is an approach and belief of enabling privacy into various technologies of an enterprise.

The major factor that is hampering the growth of GDPR service market is shortage of required skilled workforce that can manage the GDPR systems in an effective manner. Additionally, presence of several legal compliances and norms are furthermore hindering the growth of GDPR service industry worldwide.

Globally GDPR service industry players are leveraging market growth through new product development, mergers & acquisitions, partnerships, increased investments and technological upgradation in order to secure information protection and data security among several large-scale business enterprises, which is leading to the increased market share of these companies in the GDPR service market across the globe.

Geographically, Europe contribute largest revenue to the global market and is also predicted to grow at the highest CAGR during the forecast period. The growth of GDPR service market in this region is attributed towards increasing acceptance of this service among the nations in the European Union. Moreover, it has been observed that GDPR signifies glorifying business prospects for the organizations existing in this region that helps them in gaining competitive advantage.

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Furthermore, the influence of European Union in large scale business enterprises is further expected to stimulate rigorous proceedings of data security across the globe. These factors are thereby exaggerating the growth of the market in this region.

The key players providing GDPR services are Absolute Software, Actiance, Hitachi Systems Security, MetricStream, Micro Focus, AWS, Capgemini, IBM, Nymity, Informatica, Microsoft, Oracle, Mimecast, Snow Software, OneTrust, Proofpoint, Protegrity, Swascan, Talend, Trustwave, TrustArc, Symantec, and Veritas.

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