General Data Protection Regulation (GDPR) Services Market
General Data Protection Regulation (GDPR) Services Market Size, Share & Trends Analysis Report by Deployment (Cloud, and On-premises), by Size (Small and Medium Enterprises (SMEs), and Large Enterprises), and by End-User (Aerospace and Defense, Pharmaceuticals, BFSI, Government, Healthcare, IT & Telecom, and Manufacturing) Forecast Period (2024-2031)
General Data Protection Regulation (GDPR) Services market is anticipated to grow at a CAGR of 19.9% during the forecast period (2024-2031). GDPR services comprise a variety of solutions aimed at assisting enterprises in complying with the GDPR, a comprehensive data protection law issued by the European Union (EU). GDPR services might include consulting, software solutions, legal advice, training, and auditing, among others. Further, market growth is expected to be driven by the growing emphasis on compliance with GDPR law in Europe, an increasing need for cybersecurity services, advancements in GDPR service offerings such as automated compliance tools, and rising consumer trust concerning GDPR compliance.
Market Dynamics
Regulatory Binding for Domestic and International Companies
After the implementation of the GDPR law by the European Union in 2018, major companies are under constant scrutiny and watch regarding the proper compliance of the law. The European Commission is giving the implementation substantial consideration by levying fines and penalties for non-compliance, along with efforts to resolve inconsistencies and friction in compliance between law enforcement and understanding. This stringent manner of implementation is expected to benefit the market. For instance, in July 2024, the European Union Commission announced putting forward a new law to enhance cooperation among data protection authorities (DPAs) in enforcing the GDPR in cross-border situations. The new regulation will establish specific procedural guidelines for the authorities when applying the GDPR in cases involving individuals in multiple Member States. It will require the lead Data Protection Authority to transmit a 'summary of key issues to the relevant counterparts, outlining the main aspects of the investigation and its opinions on the case, thereby enabling them to present their perspectives early in the process. The proposal aims to minimize disagreements and promote consensus among authorities right from the beginning of the process.
Positive Brand Building and Support
European consumers are more conscious of data management and data breach issues, and they take proactive measures to address such incidents. This is reflected in the enforcement of laws aimed at promoting data security among European citizens, which can also enhance the reputation of companies and their offerings. By adhering to regulations and building positive perceptions among European consumers, brands are expected to drive the adoption of GDPR services worldwide. For instance, according to a survey conducted by GDPR.EU in 2019, 716 small business leaders in Spain, the UK, France, and Ireland were polled to gauge their compliance with the new GDPR requirements. The findings indicated a widespread willingness among businesses to adhere to the GDPR. When it comes to describing data processing activities in clear, plain language to data subjects as per Article 12, only 44.0% of organizations "completely agree." A majority either expressed moderate satisfaction (34.0% "somewhat agree") or were indifferent (9.0% were "neutral"), while some felt they did not effectively communicate data processing activities. Surprisingly, 44.0% of respondents lacked confidence in always obtaining consent or determining a lawful basis before using personal data. It's worth noting that consent, as outlined in Article 6, is a crucial right of data subjects and is a cornerstone of the GDPR.
Segmental Outlook
- Based on deployment, the market is segmented into cloud, and on-premise.
- Based on size, the market is segmented into small and medium enterprises (SMEs), and large enterprises.
- Based on end-user, the market is segmented into aerospace and defense, pharmaceuticals, BFSI, government, healthcare, IT & telecom, and manufacturing.
Cloud Based GDPR Services is the Most Prominent GDPR Services Deployment
Cloud-based GDPR services are expected to remain more relevant in the future owing to their cost-effectiveness, low to no cost of in-house maintenance, and scope for scalability, flexibility, and remote access features. In June 2023, Oracle Corp. launched EU Sovereign Cloud, providing support for both private and public sector organizations throughout the European Union to enhance their management of data privacy and sovereignty needs. This cloud service is among the initial offerings tailored to meet the evolving regulatory environment within the EU. Such developments are further contributing to the growth of the cloud segment.
Large Enterprises Hold Major Share Based on Size
Large organizations are expected to dominate the organization size segment owing to comparatively more scrutiny and regulatory watch, an extensive amount of consumer databases for GDPR compliance and management, and the constant requirement for service providers to manage the intricacies of GDPR compliance regulation amendments and updates for large-scale organizations. The close relevance of the law has instigated many service providers to develop and deploy large-scale solutions in the market. For instance, in September 2021, Salesforce introduced a new version of its data processing addendum ("DPA") that presents our customers with the most recent standard contractual clauses for transferring personal data outside of Europe ("2021 SCCs"). The European Commission had updated its previous set of SCCs to comply with the GDPR and to incorporate additional safeguards following the Schrems II ruling by the European Court of Justice. The 2021 SCCs encompass various new measures that, when combined with Salesforce's DPA, offer extensive and top-notch protections for our customers and their users' data.
Regional Outlook
The global GDPR services market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global GDPR Services Market Growth by Region 2024-2031
Europe is Projected to Exhibit Significant Market Growth
Europe is predicted to demonstrate the highest growth rate during the forecast period, attributed to the ongoing efforts by the European Commission on the updating and proper compliance of the GDPR law. Stringent regulation updates and action on non-compliance by organizations, as constant development in service offerings such as automated compliance tools are another contributor to the regional market growth. For instance, in April 2024, the European Parliament members cast their votes on amendments aimed at enhancing the implementation of the EU’s GDPR (GDPR). Despite this, stakeholders emphasized the need for additional enhancements, especially concerning the rights of complainants and issues related to cross-border situations.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global GDPR services market include IBM Corp., Microsoft Corp., and Oracle Corp. among others. The market players are focusing on capitalizing on growth by adopting strategies such as collaboration, partnerships, and market expansion among others. For instance, in November 2023, GDPR Local, a prominent provider of cyber risk consultancy and services, joined forces with Innovative Routines International (IRI), a trailblazer in multi-source data discovery and masking, to assist clients in evaluating and mitigating the risk of data breaches and privacy law infringements, particularly those about the GDPR now being enforced across the European Union (EU). GDPR Local provides compliance training, services, and a secure online platform for its clientele to establish and document essential GDPR requirements, such as their Record of Processing Activities (ROPAs), and to fulfill Subject Access Requests (SARs).
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global GDPR services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current End-User Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. IBM Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Microsoft Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Oracle Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global General Data Protection Regulation Service Market by Deployment
4.1.1. Cloud
4.1.2. On-Premise
4.2. Global General Data Protection Regulation Service Market by Size
4.2.1. Small and Medium Enterprises (SMEs)
4.2.2. Large Enterprises
4.3. Global General Data Protection Regulation Service Market by End-User
4.3.1. Aerospace and Defense
4.3.2. Pharmaceuticals
4.3.3. BFSI
4.3.4. Government
4.3.5. Healthcare
4.3.6. IT & Telecom
4.3.7. Manufacturing
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Acumatica, Inc.
6.2. Dassault Systemes SE
6.3. Deltek, Inc
6.4. Epicor Software Corp.
6.5. Ernst & Young Global Ltd.
6.6. Freshworks Inc.
6.7. IBM Corp.
6.8. Infor Inc.
6.9. Microsoft Corp.
6.10. NetSuite Inc.
6.11. Oracle Corp.
6.12. Riskpro Pvt. Ltd.
6.13. Riversys Technologies Pvt Ltd
6.14. Salesforce
6.15. SAP SE
6.16. Skyflow Inc.
6.17. Sprinto Technology Pvt. Ltd.
6.18. Synopsys, Inc.
6.19. Termly
6.20. Totvs SA
1. Global General Data Protection Regulation Service Market Research and Analysis by Deployment, 2023-2031 ($ Million)
2. Global Cloud-Based General Data Protection Regulation Service Market Research and Analysis by Region, 2023-2031 ($ Million)
3. Global On-Premise General Data Protection Regulation Service Market Research and Analysis by Region, 2023-2031 ($ Million)
4. Global General Data Protection Regulation Service Market Research And Analysis By Size, 2023-2031 ($ Million)
5. Global General Data Protection Regulation Service for Small And Medium Enterprises (SMEs) Market Research and Analysis by Region, 2023-2031 ($ Million)
6. Global General Data Protection Regulation Service for Large Enterprises Market Research and Analysis by Region, 2023-2031 ($ Million)
7. Global General Data Protection Regulation Service Market Research and Analysis by End-User, 2023-2031 ($ Million)
8. Global General Data Protection Regulation Service for Aerospace And Defense Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global General Data Protection Regulation Service Analysis For Pharmaceuticals Market Research And By Region, 2023-2031 ($ Million)
10. Global General Data Protection Regulation Service for BFSI Market Research and Analysis by Region, 2023-2031 ($ Million)
11. Global General Data Protection Regulation Service for Government Market Research and Analysis by Region, 2023-2031 ($ Million)
12. Global General Data Protection Regulation Service for Healthcare Market Research and Analysis by Region, 2023-2031 ($ Million)
13. Global General Data Protection Regulation Service for IT And Telecom Market Research and Analysis by Region, 2023-2031 ($ Million)
14. Global General Data Protection Regulation Service for Manufacturing Market Research and Analysis by Region, 2023-2031 ($ Million)
15. North American General Data Protection Regulation Service Market Research and Analysis by Country, 2023-2031 ($ Million)
16. North American General Data Protection Regulation Service Market Research and Analysis by Deployment, 2023-2031 ($ Million)
17. North American General Data Protection Regulation Service Market Research and Analysis by Size, 2023-2031 ($ Million)
18. North American General Data Protection Regulation Service Market Research and Analysis by End-User, 2023-2031 ($ Million)
19. European General Data Protection Regulation Service Market Research and Analysis by Country, 2023-2031 ($ Million)
20. European General Data Protection Regulation Service Market Research and Analysis by Deployment, 2023-2031 ($ Million)
21. European General Data Protection Regulation Service Market Research and Analysis by Size, 2023-2031 ($ Million)
22. European General Data Protection Regulation Service Market Research and Analysis by End-User, 2023-2031 ($ Million)
23. Asia-Pacific General Data Protection Regulation Service Market Research and Analysis by Country, 2023-2031 ($ Million)
24. Asia-Pacific General Data Protection Regulation Service Market Research and Analysis by Deployment, 2023-2031 ($ Million)
25. Asia-Pacific General Data Protection Regulation Service Market Research and Analysis by Size, 2023-2031 ($ Million)
26. Asia-Pacific General Data Protection Regulation Service Market Research and Analysis by End-User, 2023-2031 ($ Million)
27. Rest Of The World General Data Protection Regulation Service Market Research and Analysis by Region, 2023-2031 ($ Million)
28. Rest Of The World General Data Protection Regulation Service Market Research and Analysis by Deployment, 2023-2031 ($ Million)
29. Rest Of The World General Data Protection Regulation Service Market Research and Analysis by Size, 2023-2031 ($ Million)
30. Rest Of The World General Data Protection Regulation Service Market Research and Analysis by End-User, 2023-2031 ($ Million)
1. Global General Data Protection Regulation Service Market Share by Deployment, 2023 Vs 2031 (%)
2. Global Cloud-Based General Data Protection Regulation Service Market Share by Region, 2023 Vs 2031 (%)
3. Global On-Premise General Data Protection Regulation Service Market Share by Region, 2023 Vs 2031 (%)
4. Global General Data Protection Regulation Service Market Share by Size, 2023 Vs 2031 (%)
5. Global General Data Protection Regulation Service for Small and Medium Enterprises Market Share by Region, 2023 Vs 2031 (%)
6. Global General Data Protection Regulation Service for Large Enterprises Market Share by Region, 2023 Vs 2031 (%)
7. Global General Data Protection Regulation Service Market Share by End-User, 2023 Vs 2031 (%)
8. Global General Data Protection Regulation Service for Aerospace and Defense Market Share by Region, 2023 Vs 2031 (%)
9. Global General Data Protection Regulation Service for Pharmaceutical Market Share by Region, 2023 Vs 2031 (%)
10. Global General Data Protection Regulation Service for BFSI Market Share by Region, 2023 Vs 2031 (%)
11. Global General Data Protection Regulation Service for Government Market Share by Region, 2023 Vs 2031 (%)
12. Global General Data Protection Regulation Service for Healthcare Market Share by Region, 2023 Vs 2031 (%)
13. Global General Data Protection Regulation Service for IT and Telecom Market Share by Region, 2023 Vs 2031 (%)
14. Global General Data Protection Regulation Service for Manufacturing Market Share by Region, 2023 Vs 2031 (%)
15. Global General Data Protection Regulation Service Market Share by Region, 2023 Vs 2031 (%)
16. US General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
17. Canada General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
18. UK General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
19. France General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
20. Germany General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
21. Italy General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
22. Spain General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
23. Rest Of Europe General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
24. India General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
25. China General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
26. Japan General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
27. South Korea General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
28. Rest Of Asia-Pacific General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
29. Latin America General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
30. Middle East And Africa General Data Protection Regulation Service Market Size, 2023-2031 ($ Million)
