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What is the Growth Outlook for the General Data Protection Regulation Services Market?
The general data protection regulation services market size has grown exponentially. Rising from $2.39 billion in 2024, it is expected to reach $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 22.0%. This growth can be attributed to concerns over data privacy and security breaches, globalization and cross-border data transfers, increased digitization of business processes, and the demand for standardized data protection regulations. With high-profile data breaches driving regulatory attention, the market can expect even more growth in the forecast period. In fact, it is predicted to reach $7.2 billion in 2029 at a compound annual growth rate (CAGR) of 25.4%. This rapid growth is driven by an evolving regulatory landscape, growth in data-driven technologies, increasing awareness about individual privacy rights, and increased adoption of cloud computing and data analytics.
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What is Propelling the Growth of the General Data Protection Regulation Services Market?
The increase in the number of cyberattacks is expected to greatly influence the growth of the general data protection regulation services market. A cyber-attack involves an unauthorized attempt to infiltrate a computer, a computing system, or a computer network with the objective of inflicting damage. Cyber attackers exploit sensitive data to gain access to personal or company financial accounts, among other potential harmful actions. The general data protection regulation services (GDPR) provide a secure avenue to protect sensitive data from unauthorized access, theft, or exposure. According to the Australian Cyber Security Centre, in 2022, cybercrime reports got a 13% boost compared to the previous year, totaling to 76,000 reports.
What Are the Major Segments Within the General Data Protection Regulation Services Market?
– By Type of Deployment: On-Premise, Cloud
– By Offering: Data Management, Data Discovery And Mapping, Data Governance, API Management
– By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
– By End User: Banking, Financial Services, And Insurance (BFSI), Telecom And IT, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Other End-User Industries
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Who are the Key Players in the General Data Protection Regulation Services Market?
Major players in the general data protection regulation services market include International Business Machines Corporation, Veritas Technologies LLC, Amazon Web Services Inc., Microsoft Corporation., Micro Focus International plc, Absolute Software Corporation, Capgemini SE, Informatica Inc., Iron Mountain Incorporated, Mimecast Services Limited, Oracle Corporation., Proofpoint Inc., SAS Institute Inc., Varonis Systems Inc., Talend Inc., Trustwave Holdings Inc., Dun & Bradstreet Inc., Protegrity Inc., OneTrust LLC, TrustArc Inc., SurfShark Ltd., Data Protection Agency, Symphony Technologies Pvt. Ltd., HCL Technologies Ltd., Accenture Plc, Baker & McKenzie International, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Klynveld Peat Marwick Goerdeler., PricewaterhouseCoopers., SAP SA.
What are the Emerging Trends in the General Data Protection Regulation Services Market?
Companies operating in the general data protection regulation services market are shifting towards new and advanced technologies. An example of this is GhangorCloud, a US-based cybersecurity solutions provider, that launched an innovative platform, CAPE, in July 2022. CAPE offers patented intelligent automation for enforcing consumer data privacy requirements. It harnesses the power of AI and incorporates an eDiscovery engine, ensuring swift and accurate operations.
Which Region Dominates the General Data Protection Regulation Services Market?
North America was the largest region in the general data protection regulation services market in 2024. It is also expected to be the fastest-growing region in the forecast period. The regions covered in the general data protection regulation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The General Data Protection Regulation Services Market Report 2025 Offer?
General Data Protection Regulation (GDPR) refers to a regulatory framework that establishes standards for the gathering and processing of personal data from people living in the European Union (EU). GDPR is used to provide a set of uniform data protection laws across all the participating nations in the European Union (EU). The General Data Protection Regulation Services Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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