Market Analysis The global GDPR services market size will touch USD 4,047.5 million at a 23.4% CAGR in the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis.
General data protection regulation or GDPR, put simply, is a legal framework that includes set of guidelines to collect and process personal information from people that reside in European Union.Various factors are fuelling the global GDPR services market growth.
As per the recent MRFR market estimates, such factors include the growing need to be compliant with GDPR, growing urbanization, need for data processing transparency, need for data security, growth of enormous amount of data, the implementation of GDPR by the EU, growing demand during the COVID-19 pandemic, rise in cyber- attacks, strict government rules to protect data in different countries, and the growing adoption of GDPR compliance for enhanced security.On the contrary, the lack of expertise to manage such GDPR services coupled with high implementation cost may impede the global GDPR services market growth over the forecast period.Market Segmentation The MRFR report throws light on an inclusive segmental analysis of the GDPR services market based on organization size, vertical, and type.The GDPR services market by type is segmented into service and solution.
The solutions segment is again segmented into API management & data management.
Among these, the solution segment will command the market over the forecast period at a 22.8% CAGR, while the services segment will grow at a 24.3% CAGR.By organization size, the GDPR services market is segmented into large enterprises and small and medium enterprises.
Among these, the manufacturing segment will lead the market over the forecast period at a 24.8% CAGR, while the retail segment is predicted to grow at a 26.2% CAGR.Get Free Sample Copy of the Report @ https://www.marketresearchfuture.com/sample_request/7189Regional Analysis The global GDPR services market by region covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW).