Consent Management Market to 2027 - Global Analysis and Forecasts by Component (Software and Service); Deployment Type (On-Premises, and Cloud); End Use Industry (Retail, Government, IT & Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others)
The global consent management market was valued at US$ 85.60 Mn in 2018 and is expected to reach US$ 717.57 Mn by 2027 with a CAGR growth rate of 26.9% in the forecast period. The global consent management market has witnessed some profound changes in the owing to growing awareness towards data compliance, and majorly the advent of the GDPR legislation by the European Union (EU). Rising internet users and digitization initiatives have led to numerous businesses dependent upon digital content. The digital opportunity had been effectively led by individual companies who revolutionized the concept of data management through the internet. Monetization of data obtained through the internet led to numerous revenue streams for advertisement and marketing companies, however, caused troubles to the users who shared data.
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There is a rapid boom in the privacy technology market in recent years fueling consent management market. The number of vendors for consent management market is continuously increasing in the past years. The marketplace of privacy technology has increasingly become a dynamic ecosystem. More than