The GDPR Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s GDPR Services Global Market Report 2024, The gdpr services market size has grown exponentially in recent years. It will grow from $3.03 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to growing awareness of data privacy, global impact of gdpr compliance, complexity of data processing operations, penalties and legal consequences, increasing data breaches and cyber threats.

The gdpr services market size is expected to see exponential growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to evolution of data privacy regulations, increased focus on individual rights, expanding scope of personal data, globalization of data protection concerns, rising importance of data ethics. Major trends in the forecast period include technological advances and data analytics, data protection officer (dpo) outsourcing, emergence of gdpr technology solutions, focus on data subject rights management, incident response and breach management.

The growing number of data breaches is expected to propel the growth of the GDPR services market going forward. A data breach occurs when data is stolen or taken from a computer system without the owner's knowledge or authority. It can happen through several methods, including hacking, phishing, malware, or the actual theft of devices storing sensitive information. GDPR services can assist organizations in managing data breaches in a timely and effective manner, minimizing any harm to individuals and the organization's reputation. For instance, in March 2023, according to Astra IT Inc., a US-based company in the computer network and security industry, according to data breach statistics, the data breach grew by 2.6% to $4.35 million in 2022 from $4.24 million in 2021. The average cost of a data breach for critical infrastructure organizations, on the other hand, has risen to $4.82 million. Therefore, the growing number of data breaches is driving the growth of the GDPR services market going forward.

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The gdpr services market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Type Of Deployment: On-Premises, Cloud
3) By Organisation Size: Large Enterprise, Small And Medium-sized Enterprises
4) By End-User Industry: BFSI, Telecom And IT, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Other End Users

Subsegment : Data Management, API Management

Technological advancements are the key trends gaining popularity in the GDPR services market. Companies operating in the GDPR services market are adopting new technologies to sustain their position in the market. For instance, in July 2021, Jolocom GMBH, a Germany-based software company, launched SmartWallet 2.0., a digital application provider that leverages blockchain technology for identity proof has released a new version of its app for storing digital assets and identification that is compliant with the European Union's General Data Protection Regulation. To ensure GDPR compliance, digital identities maintained in the app must provide users with a simple and verifiable mechanism to opt out of organizations collecting personally identifying information.

The gdpr services market report table of contents includes:
1. Executive Summary
2. GDPR Services Market Characteristics
3. GDPR Services Market Trends And Strategies
4. GDPR Services Market - Macro Economic Scenario
5. Global GDPR Services Market Size and Growth
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31. Global GDPR Services Market Competitive Benchmarking
32. Global GDPR Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The GDPR Services Market
34. GDPR Services Market Future Outlook and Potential Analysis
35. Appendix

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