GDPR Assessment Tools Market Insights and Analysis for Period 2018 – 2028
Most recent report on the global GDPR Assessment Tools market by TMRR
A recent market study by TMRR reveals that the global GDPR Assessment Tools market is likely to grow at a CAGR of ~XX% over the forecast period (2019-2029) largely driven by factors including, factor 1, factor 2, factor 3, and factor 4. The value of the global GDPR Assessment Tools market is estimated to reach ~US$ XX Bn/Mn by the end of 2029 owing to consistent focus on research and development activities in the GDPR Assessment Tools field.
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Valuable Data included in the report:
- In-depth analysis of the sales strategies adopted by domestic as well as global market players
- Latest innovations in the GDPR Assessment Tools market and its impact on market growth
- All-round evaluation of the different factors expected to influence the market dynamics
- Pricing and marketing strategies adopted by top-tier companies
- Evaluation of the micro and macro-economic factors that are anticipated to shape the future of the GDPR Assessment Tools market
The presented business intelligence report includes a SWOT analysis for the leading market players along with vital information including, revenue analysis, market share, pricing strategy of each market players.
Trends and Opportunities
An aggressive rise in the growth of the Europe GDPR assessment tools market could be testified in the coming years with increasing regulation of data processing apropos of an organization, a company, or an individual. The expansion of the market could further gain support from mandates on GDPR compliance for both EU and non-EU organizations managing clients or operating in Europe. One of the important growth factors of the market could be rising personal data privacy concerns and incidence of cybercrimes, which have increased the need for GDPR implementation. Organizations usually face high penalties for not complying with GDPR.
Europe GDPR Assessment Tools Market: Market Potential
Players are envisaged to take advantage of the growing demand for GDPR assessment tools in digital and social media marketing, where marketers are required to manage data while adhering to GDPR. Rising automation in digital and social media marketing could fuel this demand in the foreseeable future.
If only slightly, Facebook has recently suffered a tangible impact of the Europe GDPR as it is said to have lost almost one million monthly active users. However, this may not be a trend, and even be a modest dip considering the protracted effects of the Cambridge Analytica scandal. Nevertheless, the social media company may have to walk a fine line because Europeans are usually more sensitive about internet privacy issues.
Europe GDPR Assessment Tools Market: Regional Outlook
German companies have been focusing on obtaining intelligence on customer data location, which could prove to be crucial when a customer asks for the deletion of their data. As a significant GDPR prerequisite and top priority of most organizations, understanding data controllers and processors could be a leading factor augmenting the demand for GDPR assessment tools. The Europe market for GDPR assessment tools is prophesied to gain impetus with demand growing on the back of increasing concerns related to data uploaded on social media sites such as Facebook.
Close to 50% of all organizations in Europe are not yet GDPR-compliant. This could intensify the demand for GDPR assessment tools because of the extensive steps and complexity involved in the compliance process. Non-GDPR-compliant organizations are under some pressure to avoid penalties and maintain their market reputation while achieving absolute data control. In this regard, it could be said that the growth of the Europe GDPR assessment tools market may receive a strong push in the near future.
Europe GDPR Assessment Tools Market: Companies Mentioned
The Europe GDPR assessment tools market marks the presence of leading players such as Commvault Systems Inc., Softcat Plc, Mimecast Services limited, IBM Corporation, and Microsoft Corporation.
Europe GDPR Assessment Tools Market by Deployment
Europe GDPR Assessment Tools Market by Service
- Implementation and Integration
- Support and Maintenance
Europe GDPR Assessment Tools Market by Enterprise Size
- Small and Medium
Europe GDPR Assessment Tools Market by End-use Industry
- Consumer and Retail
- Discrete and Process Manufacturing
- IT and BPO
- Telecom, Media, and Entertainment
- Aerospace and Defense
- Travel, Transport, and Logistics
Europe GDPR Assessment Tools Market by Tool
- Privacy Impact Assessment Tool
- Data Inventory and Mapping Automation Tool
- Readiness and Accountability Tool
- Incident and Breach Management Tool
- Subject Access Rights Portal Tool
- Website Scanning and Cookie Compliance Tool
- Vendor Risk Assessment Tool
- Consent Management Tool
Europe GDPR Assessment Tools Market by Country
- Rest of Europe
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Product adoption Analysis
A complete assessment of the market share, consumption patterns, and supply-demand ratio of each product is provided backed by insightful tables, figures, and graphs. The products covered in the report include:
The resourceful market study outlines the overall prospects of the GDPR Assessment Tools market in the major geographies including region 1, region 2, region 3, and region 4. The most prominent market players, observable trends, opportunities, and challenges in each region is enclosed in the report.
Important Queries Addressed in the report:
- How can new market entrants make an immediate impact in the current market landscape?
- What type of innovations and product development activities are in the pipeline?
- What are the growth prospects of the global GDPR Assessment Tools market in the coming decade?
- Why is the consumption of product 2 outpacing that of product 3?
- The demand from which end-use industry will strongly influence the growth of the global GDPR Assessment Tools market?
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This post was originally published on Aerospace Industry