Global Privacy Management Software market is estimated to grow at a rate of 22.8% during the forecast period 2018–2023

Pune, India, February 7, 2019, MRFR Press Release/Market Research Future published a half-cooked research report on the Global Privacy management software market.

Market Highlights

Among the applications such as risk management, reporting and analytics, the compliance mangement segment is expected to grow at the highest CAGR during the forecast period. Compliance management enables the enterprises to cope with the varying regulatory environment easily and reduce the risk of non-compliance.

Key Players

The key players in the privacy management software market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Nymity Inc. (US), OneTrust, LLC (UK), TrustArc Inc (US), SIMBUS, LLC. (US), BigID, Inc. (US), International Business Machines Corporation (US), Protiviti Inc. (US), Proteus-Cyber Ltd. (UK), 2B Advice LLC (US), TokenEx (US), SureCloud (UK), AURA DIFUSION S.L.(US), AvePoint, Inc. (US), LogicGate, Inc. (US), MetricStream Inc. (US), PossibleNOW, Inc.(US), RSA Security LLC.(US), and Bwise (US).

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Regional Analysis

The global privacy management software market is expected to grow at a significant CAGR during the forecast period. The geographical analysis of privacy management software market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America holds the largest market share and is expected to continue this dominance during the forecast period. North America has one of the most highly developed IT sectors in countries like the US and Canada, has greater adoption of privacy management software. Further to this, Europe closely following North America in terms of revenue generation considering Europe to be an advanced region in terms of technology and its adoption. EU GDPR and other ePrivacy regulations such as Payment Card Industry (PCI), the Healthcare Information Trust Alliance (HITRUST), Telecommunications Service Companies Privacy Regulation (Germany), Information Commissioners Office (UK), and Privacy and Electronic Communications Regulations (UK), have been issued recently to supplement existing laws and regulations regarding data privacy.