General Data Protection Regulation (GDPR) is a new
regulation that came into effect on 25th 2018. The regulation provides
guidelines to businesses that store and process digital data, especially
related to identity, of all citizens of the European Union (EU) member states.
Any non-compliance may result into a huge fine of € 20 million or 4% of annual
turnover of the business entity, whichever will be greater. This has given a
huge opportunity of growth to the GDPR service providers that offer various
solutions and services to businesses so that they can run their business
operations smoothly and in compliance with GDPR. There is a huge demand for
GDPR services in all industry verticals that serve customers in the European
region, irrespective of where they are storing and processing the customer data.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7189
In this study, the GDPR services market is segmented
based on component, organization size, industry vertical, and region/country.
By component, the market is segmented into solutions and services. The
solutions covered in the study are data discovery and mapping, data governance,
and API management. The services segment is further segmented into GDPR
readiness assessment, risk assessment and data protection impact assessment
(DPIA), data protection officer (DPO) as a Service, and managed services. Based
on organization size, the market is segmented into large enterprises and SMEs.
The industry verticals covered in the study include BFSI, government and public
administration, education, retail and eCommerce, heatlhcare, media and
entertainment, and travel and hospitality. Finally, by region, the market is
segmented into Europe, North America, Asia-Pacific (APAC) and the rest of the
world. Europe is further segmented into Germany, France, the UK, and the rest
of Europe; North America into the US, Canada, and Mexico; Asia-Pacific into
China, India, Japan, and the rest of Asia-Pacific; and the rest of the world
into Middle-East and Africa (MEA) and Latin America.
Access full report @ https://www.marketresearchfuture.com/reports/gdpr-services-market-7189
In the component market segment, solutions are
expected to have a larger share than services whereas services segment is
expected to grow with the higher CAGR during the forecast period. In the
services segment, managed services is expected to dominate the market in terms
of market share and grow with the highest CAGR as well during the forecast
period.
Among the industry verticals, BFSI, retail and
eCommerce, and healthcare are expected to be the top 3 contributors in terms of
market share while travel and hospitality is expected to grow with the highest
CAGR.
Key players
The prominent
players in GDPR services market are IBM (US), Micro Focus (UK), AWS (US),
Veritas (US), Microsoft (US), Capgemini (France), Absolute Software (Canada),
Informatica (US), Mimecast (UK), Iron Mountain (US), Oracle (US), Proofpoint
(US), and Trustwave (US).
Regional
Analysis
The global market for global GDPR services is
estimated to grow at a significant rate during the forecast period from 2018 to
2023. The geographical analysis of the market is studied for Europe, North
America, Asia-Pacific, and the rest of the world.
Europe is presumed to have significant growth in
the global GDPR services market. The UK and Germany are the leading countries
in the region. The growth is attributed to rising need for effective solutions
and services to meet the GDPR compliance requirements and prevent any damage to
brand reputation. North America is also anticipated to be the fastest growing
region in the global GDPR services market over the forecast period. Many US
based enterprises are increasingly adopting GDPR services to serve their
clientele base in Europe in compliance with GDPR. Asia-Pacific is also expected
to be one of the potential markets after North America showing rising demand
for GDPR services in the upcoming years
About Market Research
Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
Nice post thanks for sharing infomative article with us keep going and keep posting. Here I suggested by someone a provider which help us in GDPR and Market Research.
ReplyDelete