DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The "GDPR Services Market by Solution (Data Discovery and Mapping, Data Governance, and API Management), Service (GDPR Readiness Assessment, Risk Assessment and DPIA, and DPO-as-a-Service), Organization Size, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The GDPR services market is expected to grow from USD 907.4 million in 2018 to USD 2,659.4 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period.

The report covers the GDPR services market by offering (solutions and services), organization size, and region. The data management solution is expected to account for a larger market share during the forecast period as compared to the API management solution.

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

Opportunities

Channel Partners are Likely to Witness Revenue Generation Opportunities GDPR Can Offer New Revenue Pockets to MSPS in the Coming Years

Challenges

Acquiring the Skills to Manage GDPR Compliance

Based on geography, the European region is expected to witness the fastest growth in the GDPR services market as GDPR has been adopted by the European Union since May 2018. GDPR represents a business opportunity for European organizations to gain an advantage over their competitors. The global nature of GDPR is expected to impact the vast majority of large businesses in Europe.

Though GDPR originated in Europe, it is expected to affect international markets as well. International companies across the globe with any EU citizens as customers need to be aware of and comply with these new legal obligations to avoid fines. The high level of international businesses involving the EU is expected to influence robust data protection procedures around the world.

Companies Mentioned

Absolute Software Actiance AWS Capgemini Hitachi Systems Security IBM Informatica Metricstream Micro Focus Microsoft Mimecast Nymity Onetrust Oracle Proofpoint Protegrity SAP SAS Institute Snow Software Swascan Symantec Talend Trustarc Trustwave Varonis Veritas

For more information about this report visit https://www.researchandmarkets.com/research/95rgvs/global_gdpr?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180713005288/en/

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Related Topics:IT Security,Data Storage and Management

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/13/2018 10:38 AM/DISC: 07/13/2018 10:38 AM

http://www.businesswire.com/news/home/20180713005288/en