Through-Channel Marketing Software Market Size Data Analysis To 2030

According to the Market Statsville Group (MSG), the global GDPR software market size is expected to grow from USD 1,919.50 million in 2022 to USD 15,066.36 million by 2033, growing at a CAGR of 20.6% from 2023 to 2033. The increasing concerns over data privacy and security and increasing cloud adoption across the world has augmented the growth of GDPR software market. Moreover, this technological advancement has resulted in the faster transfer of phishing emails, bots, and ransomware, indicating the vulnerabilities that are brought in by them. These factors are also expected to motivate enterprises and organizations to deploy data governance tools and GDPR services in the industry. With growing issues about data privacy and security, GDPR services are expected to see a major increase in demand. The number of reported cybersecurity incidents has risen dramatically in recent years, emphasizing the need of data security and protection efforts. Several enterprises are operating remotely in the midst of the COVID-19 crisis, and a large segment of the public relies on mobile applications to keep track of COVID-19 scenarios, teleconferencing, file sharing, and enterprise-grade authentications. Particularly in commercial or corporate applications, a significant volume of user data is transmitted. It is critical to ensure GDPR compliance for applications that serve the EU region or house data servers in international locations.

Definition of the Global GDPR Software Market

The GDPR rule applies to all corporations operating in European Union member states, as well as entities situated outside the EU that offer goods and services to EU businesses and customers. As a result, all multinational corporations must comply with the GDPR on a worldwide scale. GDPR regulations apply to both controllers and processors, therefore cloud computing is not exempt. Photos, names, addresses, and other sensitive data such as biometric data, genetic data, and so on are all considered personal data under the GDPR framework.

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Scope of the Global GDPR Software Market

The study categorizes the GDPR software market based on type, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

• On-premises
• Cloud Based

By Application Outlook (Sales, USD Million, 2019-2033)

• Large Enterprises
• SMEs

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Large Enterprises segment accounts for the largest market share by application

Based on the application, the market is divided into large enterprises and SMEs. The large enterprises segment is expected to dominate the market share in 2022 in the global GDPR software market. The large enterprises segment currently dominates the market share in the GDPR software market. GDPR software is a privacy management tool that helps manage customer data, consent forms, and data security. The increasing number of large enterprises all around the world has boosted the market over the forecasting period all around the world. According to static world There were estimated to be approximately 351,520 large companies that employed 250 or more people worldwide in 2021, compared with 337,523 in 2020. And increasing privacy concern in these enterprises has also boosted the market growth.

North America is expected to witness the largest market share by Region

Based on the regions, the global GDPR software market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The region’s development opportunity is driven by key businesses’ strong presence and increased investment. Because customers are becoming more aware of data privacy laws, the United States is expected to lead the category. The California Consumer Privacy Act is considered to be the first step towards more strict data protection legislation in the United States.

Competitive Landscape: Global GDPR Software Market

The GDPR software market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global GDPR software market are:

• SAP
• Microsoft
• IBM
• SAS Institute
• Oracle
• Onetrust
• Informatica
• Proofpoint
• Broadcom (Symantec)
• Smarsh (Actiance)
• Snow Software
• Talend
• Swascan
• AWS
• Micro Focus
• Mimecast
• Protegrity
• Capgemini
• Hitachi Systems Security
• Absolute Software
• Metricstream

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Recent Development

• In February 2022, IBM is focusing in creating a unique method to reduce the amount of personal data required to train machine learning models and preserve high levels of accuracy. The aim of machine learning is to achieve the highest level of accuracy in predictions or classifications, regardless of the amount of data used.
• In January 2022, Talend announced a strategic partnership with Carahsoft Technology Corp. This collaboration is anticipated to assist state, municipal, and federal government organisations with their digital transformation goals, addressing data protection and quality concerns, and offering engaging services to residents. For local, state, and federal agencies, the partnership has helped bring clean, complete, and uncompromised data to the center of government modernization efforts.
• In October 2021, OneTrust announced a partnership with Snowflake?, the data cloud company, to extend native Snowflake support for scanning and classification. OneTrust DataDiscoveryT seamlessly integrates with Snowpark (and Java/Scala UDFs) to enhance the way data engineers and data scientists connect, identify sensitive data, and scan to help companies manage regulatory requirements.
• In August 2021, Proofpoint a leading cybersecurity and compliance company was acquired by Thoma Bravo, a leading software investment firm. It announced the completion of Thoma Bravo’s acquisition of Proofpoint for approximately $12.3 billion in cash.
• In November 2019, TrustArc acquired Nymity, a fellow developer in the privacy solutions market. Their vision is to combine the best privacy research, data subject rights solutions and assessment tools from Nymity with intelligent privacy automation platform from TrustArc to deliver novel approaches to enable organizations of any size, fresh, sector, or region to tackle their data more effectively.