This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

GDPR Assessment Tools Market

GDPR Assessment Tools Market

Europe GDPR Assessment Tools Market Forecast, Trend Analysis & Competition Tracking - Market insights 2018 to 2028

GDPR Assessment Tools Market
FACT989MR
  • Mar-2022
  • List of Tables : 18
  • List of Figures : 25
  • 170 Pages
  • Technology

Introduction

The EU General Data Protection Regulation (GDPR), which has superseded the Data Protection Directive 95/46/EC, aims at harmonizing data privacy laws across Europe.

With GDPR becoming the standard of reliability among consumers, with regard to their personal data’s privacy, there has been a rise in number of service providers of GDPR assessment tools in Europe.

GDPR assessment tools have gained high demand recently as, aiding the businesses in achieving 100% GDPR compliance.

GDPR assessment tools market is envisioned to witness a rapid rise, driven by the requirement for the regulation of data processing apropos of an individual, company, or organization.

Mandates on compliance of GDPR to not only EU organizations, but also non-EU companies operating in Europe or handling clients in Europe, will further proliferate expansion of the GDPR assessment tools market.

Growing cyber-crime prevalence and privacy concerns with regard to personal data, which have made enforcement of GDPR essential, will continue to be one of the key growth determinants for the GDPR assessment tools market.

europe gdpr assessment tools market

The GDPR assessment tools market is envisaged to record a spectacular 35.6% CAGR between the forecast period 2018 and 2028, according to a recent Fact.MR study.

Albeit rising anxiousness across the IT and relevant business sectors is considered as a key concern, GDPR assessment tools market will be substantially underpinned by high penalties imposed on organizations that do not comply with GDPR.

Avail customized purchase options for your needs

Exorbitant Emphasis on Data Protection Advocating Essentiality of GDPR Assessment Tools

Proliferation of the internet across the globe has meant that concerns apropos of personal data, its protection and privacy have become exorbitant.

Recent privacy issue crisis, such as that of Facebook, has led consumers to rethink on sharing their personal information with online portals.

GDPR assessment tools are therefore gaining tremendous momentum in Europe, facilitating regulation of data privacy and protection.

Growth of the GDPR assessment tools market will continue to be significantly driven by requirement of German businesses to gain intelligence on their customer data’s location, which is an imperative need when customers demand deletion of their data.

Organizations are continuously seeking GDPR assessment tools providers, as understanding data controllers & processors currently fall among their top priorities as well as is a key prerequisite of GDPR.

An Adaptive Approach to Modern-day Research Needs

GDPR Assessment Tools Market: Expeditious Requirement of GDPR Assessment Tools among Non-compliant Organizations Creating Lucrative Avenues

Nearly half of the organizations in Europe are not yet compliant to GDPR, although they have been preparing for the same since 2016 – when the law was approved.

These organizations are therefore rapidly seeking GDPR assessment tools on account of the complexity and extensive steps involved in the compliance process.

With absolute data control being sought-after among the GDPR non-compliant organizations, for maintaining their market reputation and preventing the associated penalties, growth of the GDPR assessment tools market will witness significant momentum in the forthcoming years.

Amid swelling expansion of modern businesses, there has been a dramatic evolution in the IT industry, which in turn has made data distribution rigorous and data mapping challenging.

GDPR assessment tools are likely to witness robust adoption among these businesses, as they lack intelligence on data storage location, and data transmission, and therefore are vulnerable to threats of data breach.

The need for identifying dishonest business processes, which result in contractual risk with suppliers of unsanctioned IT, will further continue to fuel growth of the GDPR assessment tools market in Europe.

GDPR Assessment Tools Market: Adoption in Social Media & Digital Marketing and Penetration of Cloud-based Tools to Emerge as Key Trends

Complexity of the GDPR has intensified the cloud technology service platforms, leading the cloud-reliant businesses to comply with GDPR for ensuring their data practices.

Lower percentile of identification of GDPR’s impact on the cloud-based services among IT organizations is a major focus area for GDPR assessment tools providers.

As personal data sharing is a default procedure for cloud-service providers assisting organizations, their services are required to be unique to comply with GDPR.

GDPR assessment tools providers are therefore introduced cloud-based tools to tap the potential opportunities in the area, thereby supporting growth of the GDPR assessment tools market.

High penalties associated with non-compliance of GDPR, organizations and businesses are seeking GDPR assessment tools to facilitate the compliance process and maintain their reputation and brand management.

Digital and social media marketing platforms have been witnessing automation in recent years, which in turn has created the need for declaration of data management activities with consent.

This has further driven demand for GDPR assessment tools in social media and digital marketing, wherein data management in the marketing processes is bound to adhere to GDPR.

This, coupled with rapid rise of the digital and social media marketing, will substantially fuel growth of the GDPR assessment tools market in the near future.

Interested to Procure The Data

Detailed Segmentation of GDPR Assessment Tools Market

In order to understand the complete GDPR assessment tools market and its performance across various European countries, the report on GDPR assessment tools market reflects a thorough market segmentation.

In-depth value and volume projections on every segment and across every country have been covered in the report.

The report on GDPR assessment tools market has been segmented on the basis of service type, enterprise size type, deployment type, end use industry, tools type and country.

- FAQs -

The global market is envisaged to record a spectacular 35.6% CAGR by the end of forecast period.
The global market is segmented on the basis of service type, enterprise size type, deployment type, end use industry, tools type and country.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Craniomaxillofacial Plate and Installation Tools Market

Craniomaxillofacial Plate and Installation Tools Market research report covers detailed information ...

Deburring Tool Market

The deburring tool market is set to witness a remarkable CAGR of more than 5.5% during 2021-2031. Wo...

Wood-Burning Tool Market

The wood-burning tool market is projected to grow at a steady CAGR through 2031. The wire-nib type o...

Drywall Tool Market

Drywall Tool Market is witnessed to record healthy growth during the period of 2031. Rise in commerc...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.