The rise of data breaches has led many businesses to take a more proactive approach towards protecting their personal information. The following report explores the global privacy management software market and where it's headed.
- Advertising -
As more and more data breaches occur, consumers and businesses are looking to privacy management software to protect their personal information from theft and unauthorized access. Available for both computers and mobile devices, privacy management software is designed to help users manage the way in which their personal information is used.
According to a recent Pew survey, nine in 10 Americans say they've lost control over their personal information. From search engines and social media networks to cable TV companies and local businesses, countless businesses collect the personal information of their customers or users. For consumers, this means their personal information could be exposed to prying eyes.
Privacy management software is used extensively by businesses to ensure compliance with privacy laws, specifically HIPAA and the GDPR. Both legislations require businesses to implement safeguards to protect their customers' and users' personal information. If found in noncompliance, a business could be fined or otherwise penalized.
- Advertising -
This has prompted many businesses to invest in privacy management software.
With privacy management software, businesses have greater control over the way in which their customers' and users' personal information is collected and stored. The primary purpose of the software is to ensure compliance with privacy laws. However, it can also have a positive impact on a business's reputation. When customers recognize a business's use of privacy management software, they'll feel more confident engaging with the business.
The Privacy Management Software Market to 2027 report by The Insight Partners is a comprehensive study of the global privacy software market. In this report, you'll learn more about the global privacy management software market and where it's headed. It offers a detailed analysis of the market's size, classifications, chain structure, import and export figures and more.
This report segments the global privacy management software market by several criteria. On the basis of deployment type, the market is segmented into on-premise. On the basis of organization size, the market is segmented into small & medium enterprise and large enterprise. On the basis of end-user application, the market is segmented into risk management, reporting & analytics and others. On the basis of industry vertical, the market is segmented into telecommunication and IT, BFSI, government & defense and others.
Some of the key privacy management software vendors profiled in this report include AvePoint, Inc., BigID, Inc., IBM Corporation, Nymity Inc., OneTrust, LLC, Protiviti Inc., RSA Security LLC, LogicGate, Inc., SureCloud, and TrustArc Inc. among various other leading market players.