GDPR Services Market Size, Share, Trends, Growth 2032

GDPR Services Industry Prospective:

The global GDPR Services market size was worth around USD 2.98 billion in 2023 and is predicted to grow to around USD 15.1 billion by 2032 with a compound annual growth rate (CAGR) of roughly 19.8% between 2024 and 2032. 

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GDPR Services Market: Overview

GDPR is defined as a service for enterprises and organizations that helps them adhere to the General Data Protection Regulation (GDPR). A comprehensive data protection law implemented by the European Union (EU). By ensuring that businesses manage personal data safely, legally, and openly, these services safeguard EU individuals' right to privacy.

The GDPR services are influenced by various elements, including rising data privacy regulations beyond Europe, increased data breaches & cybersecurity threats, heavy penalties for non-compliance, growing adoption of cloud & digital transformation, and many others. However, the high implementation & compliance costs act as a major restraining factor for the GDPR Services industry expansion.

Key Insights

• As per the analysis shared by our research analyst, the global GDPR Services market is estimated to grow annually at a CAGR of around 19.8% over the forecast period (2024-2032).
• In terms of revenue, the global GDPR Services market size was valued at around USD 2.98 billion in 2023 and is projected to reach USD 15.1 billion by 2032.
• Stringent regulation is expected to drive the GDPR Services market over the forecast period.
• Based on the offering, the data management segment is expected to hold the largest market share over the forecast period.
• Based on the deployment type, the cloud-based segment is expected to dominate the market expansion over the projected period.
• Based on the organization size, the large enterprises segment is expected to capture a significant market share during the projected period.
• Based on the end-user, the BFSI segment is expected to hold the largest market share over the forecast period.
• Based on region, Europe is expected to dominate the market during the forecast period.

GDPR Services Market: Growth Drivers

Rising data breaches and cybersecurity concern drives market growth.

The growing frequency and seriousness of cybersecurity events and data breaches are driving the expansion of the GDPR Services industry. High-profile data breaches impacting well-known companies underscore the sensitivity of personal data and the need for robust data security policies.

Apart from revealing personal information, these events are erasing public trust in the data management practices of companies. Companies are thus investing more in GDPR services to improve their data security posture.

Among these offerings are data encryption, incident response strategies, access restrictions, and vulnerability evaluations. They let companies follow GDPR rules, aggressively identify and lower security risks, and rebuild consumer confidence. The public's growing awareness of cybersecurity issues and the probable financial and reputational consequences of data breaches drive data protection to top importance for companies in many different sectors.

GDPR Services Market: Restraints

High implementation & compliance costs hinder market growth

One of the primary obstacles to the GDPR services market is compliance and implementation's high costs. Particularly for small and medium-sized businesses (SMEs), companies have to pay expensive fees to follow GDPR rules. Legal advice, staff training, technology developments, and continuous compliance monitoring help to cover these costs. Companies must engage legal experts and GDPR consultants if they want to grasp difficult criteria and ensure compliance.

Outsourced GDPR compliance or a hired external Data Protection Officer (DPO) raises costs. Businesses also have to update their cybersecurity technology, encryption methods, and IT systems in line with GDPR's strict data security criteria. Automated data tracking systems, safe databases, and cloud storage demand for large investments. Therefore, this is expected to hamper the market over the forecast period.

GDPR Services Market: Opportunities

Globalization of business and cross-border data flow offers a lucrative opportunity for market growth

The GDPR Services market is expanding as a result of company globalization and the growing cross-border movement of data. Businesses that operate in several nations and areas must abide by several data protection regulations. Regardless of the firm's location, GDPR's extraterritorial reach applies to any organization that handles the data of European people.

Because of this, companies all over the world are looking for GDPR services to make sure they comply when working with European data subjects. Additionally, as cloud-based services and data transfers are global in scope, businesses must comply with intricate international data transfer laws, which is driving up the need for GDPR knowledge.

GDPR Services Market: Challenges

Shortage of GDPR & data protection experts poses a major challenge to market expansion

The lack of qualified GDPR professionals and data protection specialists is a major barrier to the GDPR services market. The need for skilled professionals, including cybersecurity analysts, GDPR consultants, and Data Protection Officers (DPOs), has increased as a result of the growing regulatory pressure on businesses to comply with GDPR. This talent shortage makes compliance difficult. Therefore, the shortage of skilled workforce poses a major challenge to the expansion of the industry.

GDPR Services Market: Report Scope

GDPR Services Market: Segmentation

The global GDPR Services industry is segmented based on offering, deployment type, organization size, end user, and region.

Based on the offering, the global GDPR Services market is bifurcated into Data Management, Data Discovery and Mapping, Data Governance, and API Management. The data management segment is expected to hold the largest market share over the forecast period. To ensure that personal data is processed and maintained by GDPR requirements, data management services include data storage, organization, and security.

To help businesses protect sensitive information, data management providers provide solutions for data encryption, access controls, data masking, and secure data transport. Data management is a crucial component of GDPR compliance due to the growing amount of data enterprises collect and the requirement for effective data handling. Businesses spend a lot of money on data management services to reduce the risks of non-compliance and data breaches.

Based on the deployment type, the global GDPR Services industry is bifurcated into on-premises and cloud-based. The cloud-based segment is expected to dominate the market expansion over the projected period. Cloud platforms are used to host cloud-based GDPR services, giving businesses accessibility, scalability, and flexibility. They have the benefit of quick setup, which enables companies to use GDPR solutions without requiring a large amount of on-premises technology. Smaller and medium-sized businesses (SMEs) looking for affordable compliance solutions find them especially appealing.

Furthermore, they facilitate compliance management from any location by enabling remote access and real-time updates, which makes them extremely practical for companies operating in remote and dynamic work environments.

Based on the organization size, the global GDPR Services market is segmented into large enterprises and small and medium-sized enterprises. The large enterprises segment is expected to capture a significant market share during the projected period. To effectively handle GDPR obligations, big firms invest in cybersecurity solutions, AI-driven data monitoring tools, and automated compliance platforms. The SaaS-based GDPR services market has seen revenue growth as a result of the popularity of cloud-based GDPR compliance solutions.

Based on the end-user, the global GDPR Services industry is segmented into BFSI, retail, healthcare, education, manufacturing, government and public sector, and others. The BFSI segment is expected to hold the largest market share over the forecast period. The GDPR services market is mostly driven by the Banking, Financial Services, and Insurance (BFSI) industry.

GDPR compliance is crucial for financial institutions since they manage vast amounts of sensitive consumer data, such as credit histories, transaction logs, and personal identification numbers. The BFSI industry has made significant investments in GDPR compliance solutions as a result of growing regulatory scrutiny and data breaches, which has fueled market expansion.

GDPR Services Market: Regional Analysis

Europe dominates the market over the projected period

Europe is expected to dominate the global GDPR Services market during the forecast period. The market in the region is distinguished by its all-encompassing approach to privacy and data protection laws, with businesses constantly working to comply with the constantly changing GDPR standards. Stricter regulatory scrutiny and growing organizational awareness of the value of data protection are shaping the market environment.

European businesses are concentrating especially on putting advanced data governance structures and privacy-enhancing technology into place. The existence of well-known technology suppliers and consulting companies specializing in GDPR consulting solutions further supports the region's business. Additional momentum for adopting GDPR services has been generated by the growing use of cloud services and digital transformation projects.

Additionally, the market is seeing increased demand from businesses looking to implement thorough data protection plans that satisfy local, national, and worldwide regulatory standards.

GDPR Services Market: Competitive Analysis

The global GDPR Services market is dominated by players like:

• Amazon Web Services Inc.
• A-LIGN
• Absolute Software Corporation
• Atos SE
• Capgemini
• Cloud4C
• Ernst & Young LLP
• Informatica Inc.
• International Business Machines Corporation
• Microsoft Corporation
• Mimecast Services Limited
• OneTrust LLC.
• Oracle Corporation
• Protegrity Inc.
• Redscan Cyber Security Limited
• Reina Consulting LLP
• SAP SE
• SAS Institute Inc.
• Talend
• TrustArc Inc.
• Trustwave Holdings Inc.
• Varonis Systems Inc.
• Veritas Storage (Ireland) Limited
• Wipro Limited
• Xiarch Solutions Pvt. Ltd.

The global GDPR Services market is segmented as follows:

By Offering

• Data Management
• Data Discovery and Mapping
• Data Governance
• API Management

By Deployment Type

• On-premises
• Cloud-based

By Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises

By End User

• BFSI
• Retail
• Healthcare
• Education
• Manufacturing
• Government and Public Sector
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa