Privacy Management Software Market Research Report – Global Forecast till 2027

Privacy Management Software Market Research Report Information, —By Application (Compliance Management, Risk Management, Reporting and Analytics), Deployment Mode, Vertical (Telecommunication & IT, BFSI, Government & Defense) – Global Forecast till 2027

ID: MRFR/ICT/5931-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The Global Privacy Management Software market is expected to grow at a 22.8% CAGR during the forecast period


The reports of identity theft, accidental disclosure of customer and proprietary business information as well as successful attempts by hackers to infiltrate systems and take information are on rise. The growing concern for data privacy has increased the number of laws and regulations that are concerned regarding the information to be collected and maintained. The process of storing the information - how and where, as well as transfer of the information is being scrutinized. Privacy management software assists enterprises to run privacy impact assessments and to follow events which lead to unauthorized disclosures of personal data. The software also helps to check activities against requirements from privacy regulations. The software examines and records data flow of personal information. It assists authoring and distribution of privacy policies and also tracks user awareness.


The privacy management software vendors assist financial institutions, IT and telecommunication companies, and others to conduct their business operations in compliance with various government regulations and for data protection. The privacy management software market has started evolving in the past few years and is expected to withness a significant growth rate in the upcoming years.


The major factors that contribute the market growth is the growing adoption of Bring-your-own-devices (BYOD) and the data protection and governance regulations. The security related spending by enterprises is also expected to increase after the European Union General Data Protection Regulation (EU GDPR). The awareness regarding privacy management is low but is anticipated to grow in the near future.


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. This is due to the greater need for identifying and interpreting regulatory changes. This identification enables the enterprises to cope with the varying regulatory environment easily and reduce the risk of non-compliance.


Among the organisation size segements, the large enterprises segment is expected to have a greater market size than the SME segment. Large enterprises work with huge amount of data and have multiple data sources. It is nearly impossible for large companies to keep a manual check on the varying rules and regulations and maintain data privacy.


Segmentation


The global privacy management software market is segmented into application, deployment mode, organization size, vertical and region/country.


By application, the global privacy management software is segmented into compliance management, risk management, reporting and analytics, and others.


By deployment mode, the global privacy management software is segmented into on-premises and cloud.


By organization size, the global privacy management software is segmented into small and medium-sized enterprises (SMEs) and large enterprises.


By vertical, the global privacy management software is segmented into telecommunication and IT; food, beverages and consumer goods; healthcare and pharmaceutical, government and defense; banking, financial services and insurance (BFSI); and others.


By region, the global privacy management software market is segmented into North America, Europe, Asia-Pacific, and rest of the world.


Regional analysis


The global market for privacy management software 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).


Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. The US occupies nearly 80%-85% share in the region as most of the leading vendors are headquartered here with strong customer base. The market size of Europe is estimated to grow at the highest CAGR from 2018-2023, followed by APAC. 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 (United Kingdom), and Privacy and Electronic Communications Regulations (United Kingdom), have been issued to supplement existing laws and regulations regarding data privacy.


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). The key strategies adopted by most of the players are partnerships and agreements, collaborations, and new product releases


Intended Audience



  • Government Agencies

  • Privacy Management Software Service/Solution Providers

  • Financial Advisory/Consulting Firms

  • System Integrators

  • Research Institutes and Organizations

  • Technology Standards Organizations

  • Venture capitalist/angel investors

  • Information security directors/managers



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   22.8% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application, Deployment Mode
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   The growing concern for data privacy has increased the number of laws and regulations that are concerned regarding the information to be collected and maintained.
  Key Market Drivers   The major factors that contribute the market growth is the growing adoption of Bring-your-own-devices (BYOD) and the data protection and governance regulations.


Frequently Asked Questions (FAQ) :


The low level of awareness surrounding privacy management benefits may impede the market’s development.

The development of stronger privacy regulations is estimated to modify the overall market condition

The market is anticipated to create a remarkable stimulus in terms of its growth in the forecast period.

PossibleNOW, Inc.(US), 2B Advice LLC (US), Proteus-Cyber Ltd. (UK), TokenEx (US), SureCloud (UK), LogicGate, Inc. (US), AURA DIFUSION S.L.(US), AvePoint, Inc. (US), MetricStream Inc. (US) and RSA Security LLC. (US) are a few of the companies in the market.

In the forecast period, the North American region is estimated to develop an enviable clout in the global market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Dynamics

4.1 Market Drivers

4.1.1 Adoption of BYOD

4.1.2 Data protection and governance regulations

4.2 Market Restraints

4.2.1 Limited awareness

4.3 Market Opportunities

4.3.1 Increased GDPR -related security spending

4.4 Porter’s Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of Substitutes

4.4.4 Segment Rivalry

4.4.5 Bargaining Power of Suppliers

4.5 Government/Industry Norms and Regulations

5 Global Privacy Management Software Market, by Application

5.1 Introduction

5.2 Compliance Management

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast, by Region, 2020-2027

5.3 Risk Management

5.3.1.1 Market Estimates & Forecast, 2020-2027

5.3.1.2 Market Estimates & Forecast, by Region, 2020-2027

5.4 Reporting and Analytics

5.4.1.1 Market Estimates & Forecast, 2020-2027

5.4.1.2 Market Estimates & Forecast, by Region, 2020-2027

5.5 Others

5.5.1.1 Market Estimates & Forecast, 2020-2027

5.5.1.2 Market Estimates & Forecast, by Region, 2020-2027

6 Global Privacy Management Software Market, by Deployment Mode

6.1 Introduction

6.2 On-Premises

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Cloud

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

7 Global Privacy Management Software Market, by Organization Size

7.1 Introduction

7.2 SMEs

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Large Enterprises

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

8 Global Privacy Management Software Market, by Vertical

8.1 Introduction

8.2 Telecommunication and IT

8.2.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.2.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

8.3 Food, Beverages and Consumer Goods

8.3.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.3.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

8.4 Healthcare and Pharmaceutical

8.4.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.4.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

8.5 Government and Defense

8.5.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.5.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

8.6 BFSI

8.6.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.6.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027 (USD Million)

8.7.2 Market Estimates & Forecast by region/country, 2020-2027 (USD Million)

9 Global Privacy Management Software Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, by Country, 2020-2027

9.2.2 Market Estimates & Forecast, by Application, 2020-2027

9.2.3 Market Estimates & Forecast, by Deployment, 2020-2027

9.2.4 Market Estimates & Forecast, by Organization Size, 2020-2027

9.2.5 Market Estimates & Forecast, by Vertical, 2020-2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, by Application, 2020-2027

9.2.6.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.2.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.2.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, by Application, 2020-2027

9.2.7.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.2.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.2.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.2.8 Canada

9.2.8.1 Market Estimates & Forecast, by Application, 2020-2027

9.2.8.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.2.8.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.2.8.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, by Country, 2020-2027

9.3.2 Market Estimates & Forecast, by Application, 2020-2027

9.3.3 Market Estimates & Forecast, by Deployment, 2020-2027

9.3.4 Market Estimates & Forecast, by Organization Size, 2020-2027

9.3.5 Market Estimates & Forecast, by Vertical, 2020-2027

9.3.6 Germany

9.3.6.1 Market Estimates & Forecast, by Application, 2020-2027

9.3.6.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.3.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.3.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.3.7 France

9.3.7.1 Market Estimates & Forecast, by Application, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.3.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.3.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, by Application, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.3.8.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.3.8.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, by Application, 2020-2027

9.3.9.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.3.9.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.3.9.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, by Country, 2020-2027

9.4.1.1 Market Estimates & Forecast, by Application, 2020-2027

9.4.1.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.4.1.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.4.1.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.4.2 China

9.4.2.1 Market Estimates & Forecast, by Application, 2020-2027

9.4.2.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.4.2.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.4.2.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.4.3 India

9.4.3.1 Market Estimates & Forecast, by Application, 2020-2027

9.4.3.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.4.3.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.4.3.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.4.4 Japan

9.4.4.1 Market Estimates & Forecast, by Application, 2020-2027

9.4.4.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.4.4.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.4.4.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.4.5 Rest of Asia-Pacific

9.4.5.1 Market Estimates & Forecast, by Application, 2020-2027

9.4.5.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.4.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.4.5.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, by Country, 2020-2027

9.5.2 Market Estimates & Forecast, by Application, 2020-2027

9.5.3 Market Estimates & Forecast, by Deployment, 2020-2027

9.5.4 Market Estimates & Forecast, by Organization Size, 2020-2027

9.5.5 Market Estimates & Forecast, by Vertical, 2020-2027

9.5.6 Middle East & Africa

9.5.6.1 Market Estimates & Forecast, by Application, 2020-2027

9.5.6.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.5.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.5.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

9.5.7 South America

9.5.7.1 Market Estimates & Forecast, by Application, 2020-2027

9.5.7.2 Market Estimates & Forecast, by Deployment, 2020-2027

9.5.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

9.5.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

10 Competitive Landscape

10.1 Key Players Market Share Analysis, 2020/2020 (%)

10.2 Competitive Benchmarking

10.3 Key Developments Analysis, 2020/2020

10.3.1 Mergers & Acquisition

10.3.2 Product Developments

10.3.3 Business Expansion

10.3.4 Partnerships & Collaborations

10.3.5 Agreements

11 Company Profiles

11.1 Deloitte Touche Tohmatsu Limited

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategy

11.2 International Business Machines Corporation

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategy

11.3 RSA Security LLC.

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategy

11.4 PossibleNOW, Inc.

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategy

11.5 MetricStream Inc.

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategy

11.6 LogicGate, Inc.

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategy

11.7 Bwise

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategy

11.8 AvePoint, Inc.

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategy

11.9 SureCloud

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategy

11.10 Nymity Inc.

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategy

12 Conclusion/Recommendations 

LIST OF TABLES

Table 1 Global Privacy Management Software Market, by Region, 2020-2027

Table 2 North America: Global Privacy Management Software Market, by Country, 2020-2027

Table 3 Europe: Global Privacy Management Software Market, by Country, 2020-2027

Table 4 Asia-Pacific: Global Privacy Management Software Market, by Country, 2020-2027

Table 5 Rest of the World: Global Privacy Management Software Market, by Country, 2020-2027

Table 6 North America: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 7 Europe: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 8 Asia-Pacific: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 9 Rest of the World: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 10 Global Privacy Management Software Application Market, by Region, 2020-2027

Table 11 North America: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 12 Europe: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 13 Asia-Pacific: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 14 Rest of the World: Global Privacy Management Software Application Market, by Country, 2020-2027

Table 15 Global Privacy Management Software Deployment Mode Market, by Region, 2020-2027

Table 16 North America: Global Privacy Management Software Deployment Mode Market, by Country, 2020-2027

Table 17 Europe: Global Privacy Management Software Deployment Mode Market, by Country, 2020-2027

Table 18 Asia-Pacific: Global Privacy Management Software Deployment Mode Market, by Country, 2020-2027

Table 19 Rest of the World: Global Privacy Management Software Deployment Mode Market, by Country, 2020-2027

Table 20 Global Privacy Management Software Organization Size Market, by Region, 2020-2027

Table 21 North America: Global Privacy Management Software Organization Size Market, by Country, 2020-2027

Table 22 Europe: Global Privacy Management Software Organization Size Market, by Country, 2020-2027

Table 23 Asia-Pacific: Global Privacy Management Software Organization Size Market, by Country, 2020-2027

Table 24 Rest of the World: Global Privacy Management Software Organization Size Market, by Country, 2020-2027

Table 25 Global Privacy Management Software Vertical Market, by Region, 2020-2027

Table 26 North America: Global Privacy Management Software Vertical Market, by Country, 2020-2027

Table 27 Europe: Global Privacy Management Software Vertical Market, by Country, 2020-2027

Table 28 Asia-Pacific: Global Privacy Management Software Vertical Market, by Country, 2020-2027

Table 29 Rest of the World: Global Privacy Management Software Vertical Market, by Country, 2020-2027


LIST OF FIGURES

FIGURE 1 Global Privacy Management Software Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Privacy Management Software Market

FIGURE 4 Value Chain/supply chain of Global Privacy Management Software Market

FIGURE 5 Share of Global Privacy Management Software Market in 2020, by Country (in %)

FIGURE 6 Global Privacy Management Software Market, 2020-2027

FIGURE 7 Sub-segments of Application

FIGURE 8 Global Privacy Management Software Market Size, by Application, 2020

FIGURE 9 Share of Global Privacy Management Software Market, by Application, 2020-2027

FIGURE 10 Global Privacy Management Software Market Size, by Deployment, 2020

FIGURE 11 Share of Global Privacy Management Software Market, by Deployment, 2020-2027

FIGURE 12 Global Privacy Management Software Market Size, by Organization Size, 2020

FIGURE 13 Share of Global Privacy Management Software Market, by Organization Size, 2020-2027

FIGURE 14 Global Privacy Management Software Market Size, by Vertical, 2020

FIGURE 15 Share of Global Privacy Management Software Market, by Vertical, 2020-2027