Europe Contributes the Largest Revenue to the Global GDPR Service Market

The global GDPR service market is predicted to grow significantly in 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. On the basis of offering, the GDPR service market is segmented into solutions and services. The solutions market is further subcategorized into API management and data management. The data management segment is further subdivided into data governance and data mapping and discovery. The service segmented is further subcategorized into managed services and professional services. The professional services are further sub-segmented into DPO-as-a-Service, GDPR readiness assessment, DPO-as-a-Service and Training, and Certification.

On the basis of organization size, the GDPR service market is segmented into large enterprises and small and medium enterprises. Among these two segments, large enterprises segment is expected to generate larger revenue and is expected to witness considerable growth during the forecast period. The growth of GDPR service in large enterprises is increasing due to assistance provided by this system to its user’s such as enhanced innovation, the efficiency with reduced cost, and incorporation of a responsive business process.

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Geographically, Europe contributes the largest revenue to the global market and is also predicted to grow at the highest CAGR during the forecast period. The growth of the 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.

Furthermore, the influence of the 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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