GDPR Services market report deals with copious of important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. This industry analysis report is a window to the industry which describes what market definition, classifications, applications, engagements and market trends are. An excellent GDPR Services market research report provides the best professional in-depth study on the current state for the ICT industry.
Data Bridge Market Research analyses that the global GDPR services market is expected to reach a value of USD 11,073,962.85 thousand by 2030, at a CAGR of 23.5% during the forecast period. The global GDPR Services market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
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Market Overview:
General Data Protection Regulation (GDPR) is a legal framework that includes a set of guidelines for the collection and processing of personal information from people. It does so via in-depth, historical data, and verifiable projections, qualitative perceptions about market size. GDPR was implemented by the European Parliament, which was a significant step in data regulation, privacy, and protection. There are some of the important privacy and data protection arrangements of the GDPR, which include requiring the consent of subjects for data processing, anonymizing collected data to protect privacy, and providing data breach notifications.
Post-COVID-19 Impact on Global GDPR Services Market
The Global GDPR services market noted a gradual increase in demand due to the lockdown and COVID-19 as the mandate set by the EU for GDPR compliance for data management and handling. This compliance further strengthened its root as during the lockdown, the cyber threats skyrocketed. This led to the strict adoption of GDPR compliance among companies operating in Europe, and fines were imposed on companies for failing to meet the compliance requirement.
Recent Developments
In January 2023, Microsoft announced that it had extended a partnership with OpenAI to initiate an acceleration of AI breakthroughs to confirm that these benefits are broadly shared with the world. This collaboration helped the company's financials, and it made a positive impact on the growth of the global GDPR services market
In December 2022, IBM Corporation acquired Octo, which is a U.S.-based IT modernization and digital transformation services provider. This acquisition helped enhance its finances and made a positive impact on the growth of the global GDPR services market
Some of the major players operating in the global GDPR services market are IBM Corporation, Oracle, Microsoft, Micro Focus, SAP, Capgemini., Absolute Software Corporation, Trustwave Holdings, Inc., Dun & Bradstreet, Inc., Proofpoint, Inc., Veritas, Informatica Inc., SAS Institute Inc., Broadcom, Amazon Web Services, Inc., Mimecast Services Limited, Protegrity Inc., OneTrust, LLC., Talend, TrustArc Inc, Varonis, and Iron Mountain Incorporated among others.
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