Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "General Data Protection Regulation Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global general data protection regulation services market grew from $1.64 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 24.3%. The general data protection regulation services market is expected to grow to $4.78 billion in 2027 at a CAGR of 23.8%.
Major players in the general data protection regulation services market are International Business Machines Corporation, Veritas Technologies LLC, Amazon Web Services (AWS) 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, and Talend
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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 among all the participating nations in the European Union (EU).
The main types of general data protection regulation services are on-premise and cloud services. On-premises refers to IT infrastructure hardware and software applications that are hosted on-site. This contrasts with IT assets that are hosted by a public cloud platform or remote data center.
The offerings involved are data management, data discovery and mapping, data governance, and API management. The organisation size is large enterprises and small and medium-sized enterprises. The various end users involved banking, financial services, and insurance (BFSI), telecom and IT, retail and consumer goods, healthcare and life sciences, manufacturing, and other end-user industries.
The increasing trend of shifting towards new and advanced technology is the key trend gaining popularity in the general data protection regulation services market. Major companies operating in the general data protection regulation services market are focused on developing new technological solutions to strengthen their position.
North America was the largest region in the general data protection regulation services market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this general data protection regulation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the general data protection regulation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increasing 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 unauthorised 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.
The general data protection regulation market includes revenues earned by entities by providing services such as legal obligation, vital interests, public task, and legitimate interests. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $2.04 billion |
| Forecasted Market Value (USD) by 2027 | $4.78 billion |
| Compound Annual Growth Rate | 23.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. General Data Protection Regulation Services Market Characteristics
3. General Data Protection Regulation Services Market Trends And Strategies
4. General Data Protection Regulation Services Market - Macro Economic Scenario
4.1. COVID-19 Impact On General Data Protection Regulation Services Market
4.2. Ukraine-Russia War Impact On General Data Protection Regulation Services Market
4.3. Impact Of High Inflation On General Data Protection Regulation Services Market
5. General Data Protection Regulation Services Market Size And Growth
5.1. Global General Data Protection Regulation Services Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global General Data Protection Regulation Services Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. General Data Protection Regulation Services Market Segmentation
6.1. Global General Data Protection Regulation Services Market, Segmentation By Type Of Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premise
- Cloud
6.2. Global General Data Protection Regulation Services Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Data Management
- Data Discovery And Mapping
- Data Governance
- API Management
6.3. Global General Data Protection Regulation Services Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Enterprises
- Small And Medium-Sized Enterprises
6.4. Global General Data Protection Regulation Services Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services, and Insurance (BFSI)
- Telecom And IT
- Retail And Consumer Goods
- Healthcare And Life Sciences
- Manufacturing
- Other End-Users Industries
7. General Data Protection Regulation Services Market Regional And Country Analysis
7.1. Global General Data Protection Regulation Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global General Data Protection Regulation Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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