Excerpt from Digital Journal Article – Published on Oct 10, 2023
In the dynamic landscape of cybersecurity, the Global GDPR Compliance Software Market is anticipated to witness substantial growth, projecting a multimillion-dollar valuation by 2030. According to the latest report spanning 111 pages, the market size is expected to surge at an unexpected Compound Annual Growth Rate (CAGR) between 2023 and 2030.
The prominent manufacturers driving this surge include industry leaders such as Mimecast, Absolute Software, Symantec, Nymity, Actiance, and Hitachi Systems Security, among others. These companies are contributing significantly to the market’s expansion, catering to diverse sectors such as BFSI, Manufacturing, Hospitality, IT & Telecom, Education, Retail, and Healthcare.
The report indicates a global market valuation of USD 1775.61 million in 2022, poised to reach USD 6384.85 million by 2028, with the IT & Telecom segment holding the largest market share of 24.36% in 2022.
Key factors propelling the growth of the GDPR Compliance Software Market include the increasing demand in sectors such as BFSI, Manufacturing, Hospitality, IT & Telecom, Education, Retail, and Healthcare. The market offers two primary types: Cloud-based and On-Premise solutions, with Cloud-based solutions dominating in 2023.
Regions at the forefront of this market surge include North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. These regions are expected to play a pivotal role in the market’s expansion.
In the wake of the COVID-19 pandemic, the report includes a comprehensive analysis of the market’s pre and post-pandemic impact, emphasizing the industry’s resilience and adaptability. The report is indispensable for industry players, investors, researchers, and business strategists seeking insights into the global GDPR Compliance Software Market.
To delve deeper into this topic, please read the full article on Digital Journal.