Privacy Management Software Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2027
Category: #business  By Partha Ray  Date: 2019-09-11
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Privacy Management Software Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2027 Market Study Report, LLC, has recently added a report on the 'Privacy Management Software market' which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.

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The global privacy management software market is accounted to US$ 521.3 Mn in 2018 and is expected to grow at a CAGR of 13.7% during the forecast period 2019 - 2027, to account to US$ 1,585.8 Mn by 2027. The global privacy management software market is experiencing steady growth in the forecast period with regards to continuous research and development activities, to bring necessary innovations in privacy management software market. The cloud hold a significant position in deployment type segment, which is a model where the data is stored in the third-party cloud provider. The clients have no control over the location of the infrastructure; this infers that if a vendor's data center is breached, the enterprise will have no control over time period of the outage or what data may be conceded. The cloud deployment model is ideal for organizations which are willing to adopt analytics solutions with low investment. It mainly allows the company to procure the data with all their services, but on an economical expense. Thus, the rapidly increasing demand for cloud based deployment is expected to boost the privacy management software market in the near future.

The privacy management software market is fragmented with the presence of several industries and the competitive dynamics in the privacy management software market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the privacy management software market further. For instance, California in 2018 influenced by the EU's GDPR regulation, amended CCPA (California Consumer Privacy Act) of 2018. The law (AB375) was signed by Jerry Brown, and it mirrored the GDPR in several aspects. This law is expected to provide the state's 40 million residents with the right to access the data that companies hold on them. In addition these residents would also have the authority to update their information, or request it to be deleted and not sold to the third party. This initiative provides multiple benefits to the privacy management software market players and thus increasing the growth of privacy management software market in the region.

Key Points Covered in The Privacy Management Software Market Research Reports:

  • Industry Overview:Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
  • Production Market Analysis: Privacy Management Software Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
  • Sales Market Analysis: Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
  • Consumption Market Analysis: Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
  • Production, Sales and Consumption Market Comparison Analysis:By Regional Privacy Management Software Market Performance and Market Share.
  • Major Manufacturers Production and Sales Market Comparison Analysis: and Regional Major Manufacturers Production and Sales Market Comparison Analysis.

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A key trend which will predominantly affect the privacy management software market in a coming year is the emerging international co-ordination will remain patchy at best. With the advancement in technology in today's world and the existing network, the formal introduction of GDPR, the market has already seen other regions move to instate their own legislation, including California, South America and Asia Pacific. Although many of the proposed drafts and new regulations are less stringent than GDPR. In an ideal world, culture of international business would lead to an international standard for data privacy. Instead, on the global stage, the market is most likely foresee enforcement shaping how international companies go about approaching data privacy in their business practices. These factors are anticipated to gain traction in the coming times having a significant impact of the privacy management software market.

Privacy management software market by Organization Size is segmented into small & medium enterprises and large enterprises. The large enterprise segment holds a significant share in the privacy management software market during the forecast period. Large organizations collect and store huge amounts of data but it's difficult for them to track, secure or report on this data's history or flow. The latest financing, which has taken the startup's valuation to $46.1M, is a result of BigID's timely offering: helping companies comply with the Global Data Protection Right (GDPR) data privacy regulations. This need for compliance with a new legal framework and increasing pushback from privacy-focused consumers has changed the way software company's look at privacy solutions are expected to fuel the demand for privacy management software market during the forecast period. Europe region is the fastest growing as increased access to government data sources in machine readable formats across borders and jurisdictions will provide AI practitioners with a wide variety of data to help train AI systems. The adoption of international data interoperability standards will help speed the development and adoption of AI systems, and increase the efficiency of data sharing processes. Government incentives to increase willingness and comfort with sharing information with the public and private sectors will help shift the mentality of data as a product, and encourage data sharing. Furthermore, North America holds the dominant share in the privacy management software market.

The overall privacy management software market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the privacy management software market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the privacy management software market. Some of the players present in privacy management software market are AvePoint, Inc., BigID, Inc., IBM Corporation, Nymity Inc., OneTrust, LLC, Protiviti Inc., RSA Security LLC, LogicGate, Inc., SureCloud, and TrustArc Inc. among others.

TABLE OF CONTENTS

1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Privacy Management Software Market - By Application
1.3.2 Privacy Management Software Market - By Deployment Mode
1.3.3 Privacy Management Software Market - By Organization Size
1.3.4 Privacy Management Software Market - By Industry Vertical
1.3.5 Privacy Management Software Market - By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. PRIVACY MANAGEMENT SOFTWARE MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 PEST ANALYSIS
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 ECOSYSTEM ANALYSIS
4.4 EXPERT OPINION
5. PRIVACY MANAGEMENT SOFTWARE MARKET - KEY INDUSTRY DYNAMICS
5.1 DRIVER
5.1.1 Changing regulations and Norms in favour of market growth
5.1.2 Growing consciousness towards data privacy among consumers
5.1.3 Improved accountability for ensuring data security
5.2 RESTRAINTS
5.2.1 The High Costs of GDPR Compliance
5.2.2 Lack of skilled professionals
5.3 OPPORTUNITY:
5.3.1 Visual Privacy Management in User Centric Open Environments
5.4 FUTURE TRENDS:
5.4.1 International co-ordination will remain patchy at best
5.5 IMPACT ANALYSIS
6. PRIVACY MANAGEMENT SOFTWARE- GLOBAL MARKET ANALYSIS
6.1 GLOBAL PRIVACY MANAGEMENT SOFTWARE MARKET OVERVIEW
6.2 GLOBAL PRIVACY MANAGEMENT SOFTWARE MARKET FORECAST AND ANALYSIS
6.3 MARKET POSITIONING/ MARKET SHARE

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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