GDPR Services Market - Growth, Trends, and Forecast (2020 - 2025)

The GDPR Services Market can be Segmented by Deployment Type (Cloud and On-premise), Offering Type (Data Discovery and Mapping, Data Governance, API Management, Compliance Management, and Breach Management), End User (BFSI and Insurance, Telecom and IT, Retail, Healthcare, and Manufacturing), and Geography.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

24.3 %

Major Players:

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Market Overview

The GDPR Services market was valued at USD 1183.2 million in 2019 and is expected to reach USD 4364 million by 2025, at a CAGR of 24.3% over the forecast period 2020 - 2025. In May 2018, the EU data regulation called, the General Data Protection Regulation, went into effect, impacting organizations of all industries, where personal data is a significant part of their business and operations.

  • According to ZDNet, 45% of the companies run at least some Big Data workloads in the cloud. The increasing volumes of data generated by different enterprises are one of the key factors driving the market for GDPR services. Enterprises are taking data-driven decisions, which are possible only when the authenticity of data is retained. Many organizations are even making their data available to the public.
  • Organizations, globally, are increasingly facing identity data breaches, owing to fraud. Cybercriminals are constantly trying to penetrate business networks and acquire customer information. Thus, strong authentication-based fraud detection solutions platforms aid in protecting banking and financial institution customers from the latest threats, in online fraud.
  • Small and medium enterprises (SMEs) might get hurt financially while applying for GDPR services. This is because, big companies have the resources to pour into their tech and legal teams for ultimate compliance, while the same is not true for SMEs.

Scope of the Report

Currently, secure storing of personal data has become the most important task for big organizations, especially with the continuous advancements in technology. The prevalence of cybersecurity attacks is increasing, and these attacks are bypassing the traditional security tools, which directly led to an increase in the demand for advanced protection techniques, such as GDPR services. 

By Deployment Type
Cloud
On-premise
By Offering Type
Data Discovery and Mapping
Data Governance
API Management
Compliance Management
Breach Management
By End User
BFSI and Insurance
Telecom and IT
Retail
Healthcare
Manufacturing
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Healthcare Industry to Dominate the Market

  • IoT has a lot of applications in healthcare, from remote monitoring to medical device integration. It also has the potential to not only keep patients healthy and safe but to improve how physicians deliver care, as well. 
  • But, IoT also creates the need for data governance for the healthcare sector, as the industry struggle with the massive amount of data produced by sensors, wearables, remote monitors, and other medical devices.
  • According to the European Telecommunications Network Operators' Association (ETNO), the number of IoT units in healthcare, in the European Union (EU), is expected to increase year-on-year. 
  • The US healthcare regulation, HIPAA, provides protection over patient data. Securing patients’ private medical history and health records is of the utmost importance, within the healthcare market.

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North America to Witness the Highest Growth

  • The North American region is projected to experience the highest growth in demand,  due to the early adoption of cloud-based technologies and IoT, by the United States. However, benefits, such as improved agility and flexibility, as well as being able to deploy new applications, also hold significance.
  • The major driver behind the investments is the continuous evolution and application of new technologies to utilize enormous volumes that were previously considered non-commercial.
  • IBM has partnered with MasterCard to combat GDPR with Truata. With these series of investments, communications, retail, healthcare, and manufacturing applications in North America are expected to witness a significant growth rate, over the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The market is fragmented with many vendors offering services to support GDPR services across almost all industry verticals. 

  • October 2018 - OneTrust launched targeted data discovery technology to automate data subject requests, pre-populate data maps, and simplify risk assessments. The tool was designed to integrate with customer relationship management (CRM), IT service management (ITSM), and human resource information system (HRIS) tools.
  • June 2018 - IBM launched SaaS solution for companies, who want to uncover where their data is stored and address any issues related to GDPR compliance.
  • May 2018 - Microsoft extended the GDPR privacy rights to all its customers, globally. Due to the new European Union's General Data Protection Regulation.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Big Data Generation by Enterprises may Encourage in Market Expansion

      2. 4.3.2 Identity Data Breaches, Owing to Frauds is Contributing to Market Growth

    4. 4.4 Market Restraints

      1. 4.4.1 Financial Constraints for SMEs Might Hamper the Market Growth

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/ Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Deployment Type

      1. 5.1.1 Cloud

      2. 5.1.2 On-premise

    2. 5.2 By Offering Type

      1. 5.2.1 Data Discovery and Mapping

      2. 5.2.2 Data Governance

      3. 5.2.3 API Management

      4. 5.2.4 Compliance Management

      5. 5.2.5 Breach Management

    3. 5.3 By End User

      1. 5.3.1 BFSI and Insurance

      2. 5.3.2 Telecom and IT

      3. 5.3.3 Retail

      4. 5.3.4 Healthcare

      5. 5.3.5 Manufacturing

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IBM Corporation

      2. 6.1.2 Veritas Software

      3. 6.1.3 Amazon Web Services

      4. 6.1.4 Microsoft Corporation

      5. 6.1.5 Micro Focus

      6. 6.1.6 Oracle Corporation

      7. 6.1.7 SAP SE

      8. 6.1.8 Capgemini SE

      9. 6.1.9 Absolute Software Corporation

      10. 6.1.10 Proofpoint Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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