Dublin, Sept. 05, 2018 (GLOBE NEWSWIRE) -- 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 major drivers of the GDPR services market include the implementation of GDPR by the EU from May 2018, generation of enormous amounts of data, need for data security and privacy, and the demand for data processing transparency leading to improved security service delivery along with the organizations reputation. Acquiring the requisite skills to manage GDPR services is expected to be the major factor challenging the growth of the GRPR services market.

Implementing GDPR can be overwhelming for SMEs that have limited resources or capital. GDPR may not be the top objective for many SMEs. However, the consequences of not complying with GDPR can lead to fines or the withdrawal of business license within the EU region. The high cost of implementing GDPR solutions and services may lower profit margins for SMEs, however, with the implementation of GDPR, several SMEs could benefit from partnering with MSPs to help them comply with the new legislation.

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the GDPR Services Market
4.2 GDPR Services Market, By Offering, 2018-2023
4.3 Market, By Solution, 2018-2023
4.4 Market, By Data Management Solution, 2018-2023
4.5 Market, By Service, 2018-2023
4.6 Market, By Professional Service, 2018-2023
4.7 Market, By Organization Size, 2018-2023
4.8 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Enormous Amount of Data, Need for Data Security and Privacy Protection, and Demand for Data Processing Transparency
5.2.1.2 GDPR Compliance Adoption Leading to Enhanced Security Service Delivery Along With Improved Reputation of Organizations
5.2.1.3 Implementation of PbD Enhancing Data Privacy
5.2.2 Opportunities
5.2.2.1 Channel Partners are Likely to Witness Revenue Generation Opportunities
5.2.2.2 GDPR Can Offer New Revenue Pockets to MSPS in the Coming Years
5.2.3 Challenges
5.2.3.1 Acquiring the Skills to Manage GDPR Compliance
5.3 Use Cases

6 GDPR Services Market, By Offering

6.1 Introduction
6.2 Solutions
6.2.1 Data Management
6.2.1.1 Data Discovery and Mapping
6.2.1.2 Data Governance
6.2.2 API Management
6.3 Services
6.3.1 Professional Services
6.3.1.1 GDPR Readiness Assessment
6.3.1.2 Risk Assessment and DPIA
6.3.1.3 DPO-as-a-Service
6.3.1.4 Training and Certification
6.3.2 Managed Services

7 Market, By Organization Size

7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.3 Large Enterprises

8 GDPR Services Market, By Region

8.1 Introduction
8.2 Europe
8.3 North America
8.4 Asia Pacific
8.5 Rest of World

9 Competitive Landscape

9.1 Overview
9.2 Market Ranking Analysis for the GDPR Services Market
9.3 Competitive Scenario
9.3.1 New Product Launches/Product Enhancements
9.3.2 Business Expansions
9.3.3 Mergers and Acquisitions
9.3.4 Agreements and Partnerships

10 Company Profiles

10.1 IBM
10.2 Veritas
10.3 AWS
10.4 Microsoft
10.5 Micro Focus
10.6 Absolute Software
10.7 Capgemini
10.8 Informatica
10.9 Iron Mountain
10.10 Mimecast
10.11 OneTrust
10.12 Oracle
10.13 Proofpoint
10.14 Protegrity
10.15 SAP
10.16 SAS Institute
10.17 Symantec
10.18 Talend
10.19 TrustArc
10.20 Trustwave
10.21 Varonis
10.22 Key Innovators
10.21.1 Actiance
10.21.2 Hitachi Systems Security
10.21.3 MetricStream
10.21.4 Nymity
10.21.5 Snow Software
10.21.6 Swascan

For more information about this report visit https://www.researchandmarkets.com/research/mx3d8f/gdpr_services?w=12

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Related Topics: IT Security, Data Storage and Management