The impact of GDPR on business is related to how companies process, store, and secure data of EU citizens. GDPR regulation is expected to impact different departments of companies such as product development, human resource, and sales & marketing. Therefore, companies are streamlining their business operations in compliance to GDPR reforms. GDPR focuses on risk management as well and requires a risk assessment, and data protection impact assessment (DPIA) when there is high data protection risk involved. Companies are spending huge amounts to ensure that they are compliant to the regulation.
MARKET SCOPE
The "Global GDPR Compliance Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the GDPR compliance software market with detailed market segmentation by solution, deployment type, enterprise size and geography. The report provides key statistics on the market status of the leading GDPR compliance software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on solution, the global GDPR compliance software market is segmented into data discovery and mapping, data governance, API management
- On the basis of deployment type, the market is segmented into cloud, on premises
- Based on enterprise size, the market is bifurcated into SMES, large enterprises
MARKET DYNAMICS
Drivers:
- Growth of Enormous Amount of Data, Need for Data Security and Privacy Protection, and Demand for Data Processing Transparency.
- GDPR Compliance Adoption Leading to Enhanced Security Service Delivery Along With Improved Reputation of Organizations.
- Implementation of PbD Enhancing Data Privacy
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The GDPR compliance software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the GDPR compliance software market in these regions.
IMPACT OF COVID-19 ON GDPR COMPLIANCE SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the GDPR compliance software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from GDPR compliance software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the GDPR compliance software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Absolute Software
- Capgemini
- IBM Corporation
- Informatica
- Nymity Inc.
- OneTrust, LLC
- Oracle Corporation
- Proofpoint, Inc.
- SAP SE
- SAS Institute
- LogicManager, Inc
- OneTrust, LLC
- TrustArc Inc.
- Compliance Technology Solutions B.V.
- SolarWinds Worldwide, LLC.
- Exterro, Inc
- SAI Global
- Forcepoint
- Freshworks Inc
- Cookiebot
- PKWARE, Inc
- Alert Logic, Inc
- Reciprocity Inc.
- BRYTER GmbH
- SureCloud
- Netwrix Corporation
- K2VIEW
- Aravo Solutions, Inc
- Chef
- PwC