Global GDPR Services Market : Industry Analysis and Forecast (2019-2027)
- 4100.00 Dollar US$
- Published date: June 9, 2021
- Pune, Anini, Arunachal Pradesh, India
Global GDPR Services Market was valued at US$ 665.8Mn in 2019 and is expected to reach US$ 3459.3Mn by 2027, at a CAGR of 22.87% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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.
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