GITNUX MARKETDATA REPORT 2024

Privacy Management Software Industry Statistics

The privacy management software industry is expected to see steady growth in the coming years as businesses prioritize data protection and compliance with regulatory requirements.

Statistic 1

"As per the report from Grand View Research, the worldwide privacy management software market was valued at 898.4 USD million in 2020."

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Statistic 2

"The average annual growth rate of the privacy management software industry is projected to be 22.0% from 2021 to 2028."

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Statistic 3

"Compliance management solution segment captured the major share in the privacy management software market in 2020."

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Statistic 4

"As per Grand View, the solution segment of the industry witnessed the highest demand accounting for over 61.5% of the total revenue in 2020."

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Statistic 5

"The service segment-dominated privacy management software market captured a major share in the industry and it is anticipated to reach USD 810.2 million by 2028."

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Statistic 6

"The organization size is bifurcated into large enterprises and SMEs eyeing the highest growth rate of 22.7% over the forecast period."

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Statistic 7

"BFSI vertical segment is projected to progress at the fastest CAGR of 23.3% over the forecast period."

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Statistic 8

"According to Persistence Market Research, by 2025, the privacy management software market is projected to reach US$ 2,100 Mn."

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Statistic 9

"As per Transparency Market Research, the Asia Pacific privacy management software market is expected to expand at a CAGR of 15.1% from 2020 to 2030."

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Statistic 10

"TrustArc holds a prominent place in the privacy management software industry with more than 1,000 enterprise customers."

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Statistic 11

"According to Statista, North America and Europe together accounted for over 60% of the global privacy management software market in 2020."

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Statistic 12

"The GDPR compliance segment dominates the privacy management software market and is anticipated to touch the mark of USD 1,500 million by the year 2026."

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Statistic 13

"According to Markets and Markets, the IT and telecom vertical is projected to have the highest CAGR during the forecast period in the privacy management software market."

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Statistic 14

"OneTrust, a leading name in the privacy management software industry, entered the unicorn club with a valuation of more than $1 billion in 2019."

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