DUBLIN, Sept. 27, 2022 (GLOBE NEWSWIRE) — The “GDPR Services – Global Market Development and Analysis” Report has been added ResearchAndMarkets.com Offer.

The global market for GDPR services is projected to reach $3.9 billion by 2026

The global market for GDPR services, valued at US$2 billion in 2022, is expected to reach a revised size of US$3.9 billion by 2026, growing at a CAGR of 18.2% over the analysis period.

Solutions, one of the segments analyzed in the report, is expected to register 17.4% CAGR and reach $2.6 billion by the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it has caused, growth in the Services segment is adjusted to a revised annual growth rate of 19.5% for the next 7 years.

Increasing connectivity and progressive digitization in companies have led to an exponential generation of data volumes. People visiting websites or places or even making phone calls leave a digital footprint in the form of data, which is a valuable and extremely valuable resource that can be used by businesses to communicate with customers and provide an enhanced user experience.

However, the precious nature of personal data also makes it vulnerable to misuse or theft, raising concerns about how organizations store and use the data. The issue raises privacy and data security concerns for customers. There is a notable disconnect and chasm between customers, their data and how companies collect or use it. The situation is further aggravated by a lack of understanding of best practices and existing laws regarding the use of personal data.

In addition, existing data protection laws in the EU are outdated, do not provide effective protection for customers and do not take into account considerations of smartphones, social media and advanced web technologies such as virtual reality and artificial intelligence. The urgent need to regulate the management of consumer data while organizations stop collecting,…