General Data Protection Regulation Services Market Key Drivers, Trends, Growth, Outlook 2024-2033

The general data protection regulation services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

General Data Protection Regulation Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The general data protection regulation services market size has grown exponentially in recent years. It will grow from $1.98 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 23.1%. The growth in the historic period can be attributed to concerns over data privacy and security breaches, globalization and cross-border data transfers, increased digitization of business processes, recognition of the need for standardized data protection regulations, high-profile data breaches and incidents driving regulatory attention.

The general data protection regulation services market size is expected to see exponential growth in the next few years. It will grow to $5.7 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. The growth in the forecast period can be attributed to evolving regulatory landscape and enforcement measures, continued growth in data-driven technologies, rising awareness and emphasis on individual privacy rights, increased adoption of cloud computing and data analytics, increasing use of mobile phones. Major trends in the forecast period include development of advanced encryption and data protection technologies, integration of privacy by design principles in software development, emergence of data protection impact assessments as a standard practice, expansion of gdpr compliance services to cover emerging technologies, growing demand for third-party gdpr compliance auditing and certification

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Scope Of General Data Protection Regulation Services Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers –

The increase in the number of cyberattacks is expected to propel the growth of the general data protection regulation services market going forward. A cyber attack is an attempt to enter a computer, computing system, or computer network without authorization with the goal of causing harm. Cyber attackers would enable hackers to gain access to a person’s or company’s financial accounts using sensitive data, among other potentially damaging actions. General data protection regulation services (GDPR) provide a secure way to protect sensitive data from nauthorized access, theft, or exposure. For instance, in 2021, according to the Federal Bureau of Investigation’s Internet Crime Report, a US-based federal agency for investigating cyber attacks and intrusions in the USA, complaints registered under cybercrimes reached a total of 84.73k cases, showing an increase of 7% from 2020. Therefore, an increasing number of cyberattacks is driving the general data protection services market.

Market Trends –

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

The general data protection regulation services market covered in this report is segmented –

1) By Type of Deployment: On-Premise, Cloud

2) By Offering: Data Management, Data Discovery and Mapping, Data Governance, API Management

3) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises

4) 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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Regional Insights –

North America was the largest region in the general data protection regulation services market in 2023. North America is 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

Key Companies –

Major companies operating in the general data protection regulation services market report are 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., Broadcom Inc., Protegrity Inc., OneTrust LLC, TrustArc Inc., SurfShark Ltd., Data Protection Agency, General Data Protection Regulation Associates, Symphony Technologies Pvt. Ltd., HCL Technologies Ltd., Accenture Plc, Baker & McKenzie International, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Klynveld Peat Marwick Goerdeler., Novartis International AG, PricewaterhouseCoopers., SAP SA

Table of Contents

Executive Summary
General Data Protection Regulation Services Market Report Structure
General Data Protection Regulation Services Market Trends And Strategies
General Data Protection Regulation Services Market – Macro Economic Scenario
General Data Protection Regulation Services Market Size And Growth

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General Data Protection Regulation Services Market Competitor Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
Appendix

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