About GDPR Compliance Software
GDPR compliance software helps businesses to manage customer data, consent forms, and security. GDPR compliance software enables customers to edit the personal data that is stored or processed about them.GDPR Compliance software meets the requirements for properly handling personal data as defined in the law. It helps to protect and establish the fundamental privacy right of the individual. Geographically, Europe is the leading region for higher adoption for GDPR Compliance software due to rising number industry and to serve customer better service and also to track consumer behavior and buying pattern GDPR Compliance software are adopted in a larger amount. The demand for GDPR Compliance software has huge applications in various which is triggering the growth of the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 23.8% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global GDPR Compliance Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Enactia (United States), Sovy GDPR Privacy Essentials (Japan), TRUENDO (india), BMC software (United States), GDPR365 (United Kingdom), ECOMPLY (United States), AlienVault USM (United States), OneTrust (United States), SolarWinds (United States), BigID.me (United States), Transcend (Taiwan), Alfresco (United States) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global GDPR Compliance Software market by and Region.
On the basis of geography, the market of GDPR Compliance Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Subscription , the sub-segment i.e. Free-trail will boost the GDPR Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Feature, the sub-segment i.e. Attack detection will boost the GDPR Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On-Cloud will boost the GDPR Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use, the sub-segment i.e. Large Enterprise will boost the GDPR Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing adoption of cloud-based solutions
Market Growth Drivers:
Increased awareness and enforcement of data privacy regulations and Demand for automated compliance solutions
Challenges:
Lack of technical expertise
Restraints:
High cost of software
Opportunities:
Rising concerns about data breaches and Need for efficient data management
Market Leaders and their expansionary development strategies
On February 21, 2023, OneTrust, a leading provider of GDPR compliance software, acquired Clarive, a company specializing in privacy risk management and data governance. This acquisition aimed to strengthen OneTrust's position in the GDPR compliance market by combining its compliance automation platform with Clarive's data privacy and security expertise.
On October 27, 2021, SailPoint, a company specializing in identity governance and administration, launched its new product, IdentityAI. This AI-powered platform aimed to help organizations automate and streamline user access management processes, which is crucial for ensuring compliance with GDPR.
Key Target Audience
Software Developer, Service Provider, New Entrants, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.