Global Privacy Management Software market will reach 3132.9 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/24

According to QYR market research, The Global Privacy Management Software market size was 451.6 million USD in 2018 and it will be 3132.9 million USD in 2025, with a CAGR of 31.88% from 2018 to 2025. The major drivers of the Privacy Management Software market include people’s increasing awareness of data security and constantly implementation of regulations from governments.

Based on regions, North America and Europe is holding the largest market share for Privacy Management Software market due to high adoption of BYOD concept and growing use of digital technologies in many large industries such as hospitality, BFSI and healthcare. In 2018, total USA Privacy Management Software Market Size is estimated to be 174.73 Million USD, the market is expected to grow at a CAGR of 32.08% in forecast period. Total Europe Privacy Management Software Market Size is estimated to be 149.84 Million USD, growing at a CAGR of 26.4 from 2013.

Nymity, OneTrust, TrustArc and IBM are key Privacy Management Software service providers in Global Privacy Management Software market. The global Privacy Management Software market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Other prominent players in the market include SIMBUS360, BigID, Proteus-Cyber, 2B Advice, etc.

Based on end uses, the market is segmented into Compliance Management, Risk Management, Reporting and Analytics and others. In 2017, Risk Management segment occupied the largest market share, 44.83%, while Compliance Management is growing rapidly in recent years, with a market share of 34%. And small & mid-size businesses are expected to grow at a higher rate as compared to the large enterprises segment during the forecast period.

Based on solutions, the market is segmented into Software Platforms and Services. Software Platforms is taking the most market percentage in 2017, with over 68% market share.

Each of the Privacy Management Software participants has its own mature sales networks. Through their authorized distributors or their partners, Privacy Management Software companies keep keen on expanding their Privacy Management Software sales. To achieve better sales businesses, Privacy Management Software providers usually invest on their marketing channel every year.

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