GDPR Assessment Tools Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
GDPR Assessment Tools Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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