Global GDPR Services Market Industry Analysis and Forecast (2018-2026)

January 20 18:58 2020 Print This Article

Global GDPR Services Market was valued at US$ 665.8Mn in 2017 and is expected to reach US$ 3459.3Mn by 2026, at a CAGR of 22.87% during a forecast period.

Major driving factors behind the growth of GDPR services market include the implementation of GDPR by the EU from May 2017, generation of enormous amounts of data, need for data security and privacy, and the demand for data processing transparency important to improved security service delivery along with the establishment’s reputation.

Based on the Component segment,the large enterprise segment is projected to account for a largest share of theglobal GDPR services market as compared to the SME segment during the forecast period. Large enterprises are expected to realize GDPR benefits of higher efficiency and innovation with lower costs, and the enablement of more agile business structure. Large enterprises are expected to become GDPR-compliant before the deadline of May 2018, as these organizations are equipped with the needed resources and funds, and are afraid of damaging their reputation by not being GDPR-compliant.

On the basis of offering segment, the professional services segment is projected to hold a larger market size during the forecast period compared to the managed services segment, owing to the ambiguity around GDPR across organizations. Professional services for GDPR include GDPR readiness assessment, risk assessment, and DPIA, DPO-as-a-Service, and training and certification. Specialists use the latest techniques, comprehensive strategies, and services to fulfill the security requirements of organizations. Furthermore, they offer customized implementation, risk assessment, and assistance during the deployment of GDPR solutions using industry-defined best practices.
Global GDPR Services Market

In terms of region, Europe is projected to account for the largest share of the global GDPR services market during the forecast period as GDPR has been applied by the European Union since May 2026. GDPR represents a business opportunity for European organizations to gain abenefit over their competitors. The global nature of GDPR is projected to impact the vast majority of large businesses in Europe. However GDPR originated in Europe, it is projected to affect international markets as well. International companies across the globe with any EU citizens as customers need to be aware of and comply with these new legal obligations to avoid fines. The high level of international businesses involving the EU is projected to influence robust data protection procedures around the world.

The report offers a comprehensive estimation of the market. It does so via in-depth qualitative perceptions, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and expectations. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to Regional markets, technology, types, and applications.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding GDPR Services Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in GDPR Services Market.

The original article was posted here: https://dagorettinews.com/global-gdpr-services-market-industry-analysis-and-forecast-2018-2026/

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Lumawant Godage
Lumawant Godage

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