San Francisco, CA -- (SBWire) -- 07/31/2018 --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.
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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.
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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 reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Key trends/opportunities/challenges
Forces defining present and estimated future state of the competitive landscape
Technological developments
Value chain and stakeholder analysis
The regional analysis covers:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
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GDPR Assessment Tools Market - Product Benefits 2028