GDPR Assessment Tools Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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GDPR Assessment Tools Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Technology & Media | PPT format

Report Digest


Europe GDPR Assessment Tools Market: Snapshot

The GDPR assessment is an assessment of compliance with the GDPR guidelines that regulate the law about data privacy in the European Union and their subjects. It is mandatory for the companies operating in Europe or has data on the European citizens, even if it means the companies do not have a base in Europe. GDPR assessment offers indicators for the companies to show compliance and also gives out a detailed overview of the specific indications and conditions regarding the key areas they need to focus on to be completely compliant.

GDPR assessment tools offer specific indications on the following areas:

  • Data Processing: GDPR assessment tools allow the companies to have an efficient mapping of all the vulnerabilities with respect to data processing and operations.
  • Data Management: With the help of GDPR assessment tools, companies will be able to get detailed information about the methodologies needed for effective and compliant data management.
  • Privacy Policy: With the help of these assessment tools companies can identify pointers and indicators about the compliance of the privacy policies in the corporate. The regulation has created the need to update the existing laws. These laws need to be reformed so as to comply with the GDPR.
  • Governance: With the help of insights derived from the assessment tools, the companies are able to better define their structure as per the new rules. It involves activities such as creating awareness about their work, appointing the figures as per the law.
  • Data Protection: GDPR assessment tools direct the companies to identify the flaws in their data protection. IT infrastructure, web applications, and corporate websites need to evaluate to identify vulnerabilities.

Europe GDPR Assessment Tools Market: Overview

The Europe General Data Protection Regulation (GDPR) assessment tools market is anticipated to gain momentum in its growth with increase in the number of service providers. Privacy of personal data in the region could be largely assessed on the basis of GDPR since it is gradually gaining popularity as a reliability standard among consumers. Businesses have been using the assessment tools to achieve 100% GDPR compliance. As a result, the region is expected to witness high demand in the market during the course of the forecast period 2018-2028. Need for GDPR assessment tools is anticipated to see a rise with increasing use of internet raising the risk of personal data attacks.

Europe GDPR Assessment Tools Market: Trends and Opportunities

An aggressive rise in the growth of the Europe GDPR assessment tools market could be testified in the coming years with increasing regulation of data processing apropos of an organization, a company, or an individual. The expansion of the market could further gain support from mandates on GDPR compliance for both EU and non-EU organizations managing clients or operating in Europe. One of the important growth factors of the market could be rising personal data privacy concerns and incidence of cybercrimes, which have increased the need for GDPR implementation. Organizations usually face high penalties for not complying with GDPR.

Europe GDPR Assessment Tools Market: Market Potential

Players are envisaged to take advantage of the growing demand for GDPR assessment tools in digital and social media marketing, where marketers are required to manage data while adhering to GDPR. Rising automation in digital and social media marketing could fuel this demand in the foreseeable future.

If only slightly, Facebook has recently suffered a tangible impact of the Europe GDPR as it is said to have lost almost one million monthly active users. However, this may not be a trend, and even be a modest dip considering the protracted effects of the Cambridge Analytica scandal. Nevertheless, the social media company may have to walk a fine line because Europeans are usually more sensitive about internet privacy issues.

Europe GDPR Assessment Tools Market: Regional Outlook

German companies have been focusing on obtaining intelligence on customer data location, which could prove to be crucial when a customer asks for the deletion of their data. As a significant GDPR prerequisite and top priority of most organizations, understanding data controllers and processors could be a leading factor augmenting the demand for GDPR assessment tools. The Europe market for GDPR assessment tools is prophesied to gain impetus with demand growing on the back of increasing concerns related to data uploaded on social media sites such as Facebook.

Close to 50% of all organizations in Europe are not yet GDPR-compliant. This could intensify the demand for GDPR assessment tools because of the extensive steps and complexity involved in the compliance process. Non-GDPR-compliant organizations are under some pressure to avoid penalties and maintain their market reputation while achieving absolute data control. In this regard, it could be said that the growth of the Europe GDPR assessment tools market may receive a strong push in the near future.

Europe GDPR Assessment Tools Market: Companies Mentioned

The Europe GDPR assessment tools market marks the presence of leading players such as Commvault Systems Inc., Softcat Plc, Mimecast Services limited, IBM Corporation, and Microsoft Corporation.

Europe GDPR Assessment Tools Market by Deployment

  • On-premise
  • Cloud-based

Europe GDPR Assessment Tools Market by Service

  • Consulting
  • Training
  • Implementation and Integration
  • Support and Maintenance

Europe GDPR Assessment Tools Market by Enterprise Size

  • Large
  • Small and Medium

Europe GDPR Assessment Tools Market by End-use Industry

  • BFSI
  • Healthcare
  • Consumer and Retail
  • Discrete and Process Manufacturing
  • IT and BPO
  • Telecom, Media, and Entertainment
  • Government
  • Aerospace and Defense
  • Travel, Transport, and Logistics

Europe GDPR Assessment Tools Market by Tool

  • Privacy Impact Assessment Tool
  • Data Inventory and Mapping Automation Tool
  • Readiness and Accountability Tool
  • Incident and Breach Management Tool
  • Subject Access Rights Portal Tool
  • Website Scanning and Cookie Compliance Tool
  • Vendor Risk Assessment Tool
  • Consent Management Tool

Europe GDPR Assessment Tools Market by Country

  • Germany
  • U.K.
  • France
  • Spain
  • Nordic
  • BENELUX
  • Italy
  • Rest of Europe

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?