Privacy Management Software Market Size Trends analysis, Key News, Industry Share and Regional Forecast to 2027

 Market Analysis 

The global Privacy Management Software Market Size will develop at a healthy 22.8% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Privacy management software, put simply, is specially designed software which is developed for supporting the privacy requirements of an enterprise. Due to the rising number of security breaches and cyber-attacks, several organizations are adopting improved cyber security solutions to prevent the loss of confidential data. This software helps organizations in conducting privacy impact assessments, checking processing activities against needs from privacy regulations, and tracking incidents which result in unauthorized disclosures of personal data (reporting, remediation, investigation). 

Various factors are fuelling the global Privacy Management Software Market Size growth. As per the recent MRFR market estimates, such factors include the growing concern for data privacy, the rising adoption of BYOD (bring your own devices), data protection and governance regulations, the rising number of cyber-attacks, the rigid government regulations over data security, and ever increasing enterprise expenditure for data privacy. The additional factors adding market growth include the improved accountability for ensuring data security, the rise in various laws and privacy rules for data protection, constant research and development activities to bring the needed innovations in Privacy Management Software Market Size, strict government regulations regarding data security, increasing use during COVID-19 pandemic, and rising enterprises spending for data privacy. 

 

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Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global Privacy Management Software Market Size based on vertical, organization size, deployment mode, and application. 

By application, the global Privacy Management Software Market Size is segmented into reporting and analytics, risk management, compliance management, and others. Of these, the compliance segment will lead the market over the forecast period. 

By deployment mode, the global Privacy Management Software Market Size is segmented into cloud and on-premises. Of these, the cloud segment will dominate the market over the forecast period. 

By organization size, the global Privacy Management Software Market Size is segmented into large enterprises and small and medium sized enterprises (SMEs). Of these, the large enterprises will spearhead the market over the forecast period. 

By vertical, the global Privacy Management Software Market Size is segmented into BFSI, government and defense, healthcare and pharmaceutical, food, beverages, and consumer goods, telecommunication and IT, and others. Of these, the BFSI segment will have the lions share in the market over the forecast period. 

Regional Analysis 

By region, the global Privacy Management Software Market Size covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will remain the driving force in the market over the forecast period. The presence of chief vendors in the US, the region being the hub for major organizations across the globe, booming IoT sector, and the expansion of the retail industry are adding to the global Privacy Management Software Market Size growth in the region. The US has the utmost market share. 

In Europe, the global Privacy Management Software Market Size is predicted to hold the second-largest share over the forecast period and at the highest CAGR for EU GDPR as well as other ePrivacy regulations like Privacy and Electronic Communications Regulations (United Kingdom), Telecommunications Service Companies Privacy Regulation (Germany), Information Commissioners Office (United Kingdom), Payment Card Industry (PCI), and Healthcare Information Trust Alliance (HITRUST). They have been issued for supplementing existing laws and regulations regarding data privacy. 

Key Players 

The prominent players profiled in the global Privacy Management Software Market Size report include Bwise (US), RSA Security LLC. (US), PossibleNOW, Inc. (US), MetricStream Inc. (US), LogicGate, Inc. (US), AvePoint, Inc. (US), AURA DIFUSION S.L.(US), SureCloud (UK), TokenEx (US), 2B Advice LLC (US), Proteus-Cyber Ltd. (UK), Protiviti Inc. (US), International Business Machines Corporation (US), BigID, Inc. (US), SIMBUS, LLC. (US), TrustArc Inc (US), OneTrust, LLC (UK), and Nymity Inc. (US), among others. 

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

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