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$ 1,585.9 Mn by 2027. Europe is anticipated to be the fastest growing market and North America is to be the highest revenue contributor throughout the forecast period in the privacy management software market. The European Commission released a guide for small- and medium-sized enterprises to help them comply with the upcoming EU General Data Protection Regulation. The European Commission also advises SMEs on what they must do to abide by the rules, including gathering consent, communicating with data subjects, implementing data protection by design, and advising companies on whether they need a data protection officer. The overall Compliance Management spending recorded by European region in the year 2018 was over US$ 107.9 Mn, which is expected to fuel privacy management software market in this region. With snow balling volume and prominence of data that the modern information system maintains, privacy and security breach pose an augmenting threat not only to users, but also to system operators and designers. The organizations are thriving for the software that would enable them to implement their tasks without too much interference, however in case of misbehavior the software must be capable of hold the user accountable. The rising demand for accountability is therefore enforcing the organizations to adopt privacy management software that would allow them to maximize their autonomy and capture their accountability. This will drive the privacy management software market in the forecast period. Key Players Influencing the Market
AvePoint, Inc. BigID, Inc. IBM Corporation Nymity Inc. OneTrust, LLC Protiviti Inc. RSA Security LLC LogicGate, Inc.
The "Global Privacy Management Software Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Privacy Management Software market with detailed market segmentation by component, product, application, and geography. The global Privacy Management Software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Privacy Management Software market players and offers key trends and opportunities in the market.
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