GITNUX MARKETDATA REPORT 2024

Data Privacy Industry Statistics

The data privacy industry is expected to continue growing rapidly, driven by increasing regulations, cybersecurity threats, and the demand for data protection.

Statistic 1

"By 2025, global data sphere will grow to 163 zettabytes, making data privacy a huge industry concern."

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Statistic 2

"68% of business leaders reportedly feel their cybersecurity risks are increasing."

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Statistic 3

"Data breaches exposed 4.1 billion records in the first half of 2019."

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Statistic 4

"World's top 100 websites download 953KB to 1.2MB of data each time a user visits their site, compromising user privacy."

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Statistic 5

"Spending on GDPR compliance is estimated to be over $9 billion."

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Statistic 6

"More than half of all businesses (58%) know very little about the CCPA (California Consumer Privacy Act)."

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Statistic 7

"80% of the US population is concerned about their data privacy."

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Statistic 8

"75% of people will not buy a product from a company – no matter how great the products are – if they don’t trust the company to protect their data."

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Statistic 9

"64% of Americans have personally experienced a major data breach."

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Statistic 10

"57% of Americans believe it is unacceptable for the government to monitor the communications of U.S. citizens."

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Statistic 11

"Global cybersecurity spending predicted to exceed $1 trillion from 2017 to 2021."

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Statistic 12

"88% of organizations see privacy investment as a positive impact on their business."

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Statistic 13

"Around 1% of emails sent today are phishing attempts."

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Statistic 14

"87% of IT professionals worldwide are concerned about cloud security."

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Statistic 15

"The average cost of a data breach for organizations is $3.92 million as of 2019."

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Statistic 16

"More than 89,000 data breaches in Europe have been reported in the first year of GDPR."

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