Rise in growth of enormous amount of data among enterprises and demand for data processing transparency are the major factors that drive growth of the GDPR services market. In addition, rise in cyber-attacks and growth in adoption of GDPR compliance for enhanced security is expected to supplement the market growth. However, lack of expertise in managing these GDPR services and high implementation cost hamper the market growth. Furthermore, strict rules by governments of various countries to protect data is expected to provide lucrative opportunities for the GDPR services market.
Europe is expected to have the largest market share during the forecast period, owing to the implementation of strict regulations in the EU and presence of major GDPR service providers in the region. Companies that are situated outside the EU but deal with EU based customers require GDPR services to secure personal data of users and new entrants who want to expand their businesses in EU. Hence, they need these services to abide by the GDPR law, which is expected to promote market growth in the future.
GDPR comprises strict rules and regulations that companies need to follow. In case of violation, companies need to pay heavy fines and even their business license can be withdrawn. This is expected to encourage organizations to invest in GDPR services and create opportunities for GDPR service providers.
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Key industry players such as – AWS, Absolute Software, Capgemini, IBM, Informatics, Iron Mountain, Micro Focus, Trustwave, Proofpoint, and Veritas.
Regions covered in this report such as – North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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