Data Privacy Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Data Privacy Software Market
The data privacy software market size was valued at USD 2.76 billion in 2023, and the market is now projected to grow from USD 3.84 billion in 2024 to USD 48.28 billion by 2032, exhibiting a CAGR of 37.2% during the forecast period of 2024-2032.
Pandemic times was deeply hit by several business entities and organizations in terms of severe and permanent closure. Moreover, one of the biggest global data breaches as well as cyber incidents revolved around the world too. With hackers constantly getting more active and harmful, worldwide data privacy software increasingly appears on the market due to the growing desire of protecting their personal information. This is anticipated to boost the data privacy software market growth.
The IoT technology is the one that shares and operates the real-time data of customers and organizations. The process of sharing the real-time information and the information related to transactions through the wireless network is carried out. The introduction of IoT has been a major force in the areas of smart retail, smart home appliances, smart city projects, and health monitoring, which has thus increased the need for IoT security. Hence, the development of IoT devices and applications will most probably be the cause of the increase of data privacy software demands. This factor is anticipated to drive the data privacy software market share.
The AI-based privacy technologies will be employed for the identification and the prevention of the cyber threats. Through AI and ML algorithms, organizations are able to get the recommendations, prompts, and trends across data and identify the suspected data privacy risks. Besides, these algorithms can quickly process big data, find the patterns, and adapt to the upcoming regulations, thus turning out to be a useful instrument for the privacy protection.
Comprehensive Analysis of Data Privacy Software Market
The data privacy software IT industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the IT industry. These segmentations are methodically segregated By Deployment Analysis, By Application Analysis, By Enterprise Type Analysis and By Industry Analysis. The market is split into on-premises and cloud, based on the deployment. Cloud-based software took over the market in 2023 and is forecasted to have the highest CAGR during the forecast period as it is the most effective way of privacy management. The market by application, is divided into compliance management, risk management, reporting and analytics, and other categories. Compliance management was the strongest market in 2023. According to the business type, the market is split into small and medium enterprises and large enterprises. The industry, according to the classification, the market is divided into BFSI, healthcare, IT and telecommunication, government, retail, manufacturing, and so on.
North America is foreseen to be the region that will have the biggest data privacy software market share in 2023. The key players and the increase of investments by the key players are the factors that will be the main causes of the market growth opportunity in the region. The United States is predicted to be on top of the segment because of the increasing customers' understanding of the data protection acts.
The top players in the market play a crucial role in the IT industry assuring industrial prospectus growth and setting market standards. These players include, OneTrust, LLC (U.S.), AvePoint, Inc. (U.S.), TrustArc, Inc. (U.S.), Securiti.AI. (U.S.), BigID, Inc. (U.S.), IBM Corporation (U.S.), Protiviti, Inc. (U.S.), RSA Security LLC (U.S.), DataGrail, Inc. (U.S.) and SureCloud (U.K.). The essence of the main palyers is in the development and launching of the innovative privacy software to meet the growing demand for data protection and management. These players are giving software to the managers of customer data to run according to the rules and the regulations of all the countries. The most significant players are offering the interactive sessions of organizations to meet with the professionals in the software and security fields to manage the clients' information.
In April 2023, Avepoint and Tech Data joined forces to offer Microsoft 365 data management solutions in Japan and Asia Pacific through their expanded partnership. The long-term alliance will be for Indonesia, India, Vietnam, Malaysia, Singapore, and Hong Kong.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 37.2% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Cloud
On-premises
By Application
Compliance Management
Risk Management
Reporting & Analytics
Others
By Enterprise Type
Small & Medium Enterprises (SMEs)
Large Enterprises
By Industry
BFSI
IT and Telecommunication
Government
Manufacturing
Retail
Healthcare
Others (Education and Others)
By Region
North America (By Deployment, Application, Enterprise Type, Industry, Country)
- U.S.
- Canada
- Mexico
South America (By Deployment, Application, Enterprise Type, Industry, Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Deployment, Application, Enterprise Type, Industry, Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (By Deployment, Application, Enterprise Type, Industry, Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of MEA
Asia Pacific (By Deployment, Application, Enterprise Type, Industry, Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Data Privacy Software Key Players Market Share Insights and Analysis, 2023
- 5. Global Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-Premise
- 5.3. By Application (USD)
- 5.3.1. Compliance Management
- 5.3.2. Risk Management
- 5.3.3. Reporting and Analytics
- 5.3.4. Others
- 5.4. By Enterprise Type (USD)
- 5.4.1. Small and Medium Enterprises (SMEs)
- 5.4.2. Large Enterprises
- 5.5. By Industry (USD)
- 5.5.1. BFSI
- 5.5.2. IT and Telecommunication
- 5.5.3. Government
- 5.5.4. Manufacturing
- 5.5.5. Retail
- 5.5.6. Healthcare
- 5.5.7. Others (Education, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-Premise
- 6.3. By Application (USD)
- 6.3.1. Compliance Management
- 6.3.2. Risk Management
- 6.3.3. Reporting and Analytics
- 6.3.4. Others
- 6.4. By Enterprise Type (USD)
- 6.4.1. Small and Medium Enterprises (SMEs)
- 6.4.2. Large Enterprises
- 6.5. By Industry (USD)
- 6.5.1. BFSI
- 6.5.2. IT and Telecommunication
- 6.5.3. Government
- 6.5.4. Manufacturing
- 6.5.5. Retail
- 6.5.6. Healthcare
- 6.5.7. Others (Education, etc.)
- 6.6. By Country (USD)
- 6.6.1. U.S.
- 6.6.2. Canada
- 6.6.3. Mexico
- 7. South America Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-Premise
- 7.3. By Application (USD)
- 7.3.1. Compliance Management
- 7.3.2. Risk Management
- 7.3.3. Reporting and Analytics
- 7.3.4. Others
- 7.4. By Enterprise Type (USD)
- 7.4.1. Small and Medium Enterprises (SMEs)
- 7.4.2. Large Enterprises
- 7.5. By Industry (USD)
- 7.5.1. BFSI
- 7.5.2. IT and Telecommunication
- 7.5.3. Government
- 7.5.4. Manufacturing
- 7.5.5. Retail
- 7.5.6. Healthcare
- 7.5.7. Others (Education, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.2. Argentina
- 7.6.3. Rest of South America
- 8. Europe Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-Premise
- 8.3. By Application (USD)
- 8.3.1. Compliance Management
- 8.3.2. Risk Management
- 8.3.3. Reporting and Analytics
- 8.3.4. Others
- 8.4. By Enterprise Type (USD)
- 8.4.1. Small and Medium Enterprises (SMEs)
- 8.4.2. Large Enterprises
- 8.5. By Industry (USD)
- 8.5.1. BFSI
- 8.5.2. IT and Telecommunication
- 8.5.3. Government
- 8.5.4. Manufacturing
- 8.5.5. Retail
- 8.5.6. Healthcare
- 8.5.7. Others (Education, etc.)
- 8.6. By Country (USD)
- 8.6.1. U.K.
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Benelux
- 8.6.8. Nordics
- 8.6.9. Rest of Europe
- 9. Middle East and Africa Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-Premise
- 9.3. By Application (USD)
- 9.3.1. Compliance Management
- 9.3.2. Risk Management
- 9.3.3. Reporting and Analytics
- 9.3.4. Others
- 9.4. By Enterprise Type (USD)
- 9.4.1. Small and Medium Enterprises (SMEs)
- 9.4.2. Large Enterprises
- 9.5. By Industry (USD)
- 9.5.1. BFSI
- 9.5.2. IT and Telecommunication
- 9.5.3. Government
- 9.5.4. Manufacturing
- 9.5.5. Retail
- 9.5.6. Healthcare
- 9.5.7. Others (Education, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.2. Israel
- 9.6.3. GCC
- 9.6.4. North Africa
- 9.6.5. South Africa
- 9.6.6. Rest of Middle East and Africa
- 10. Asia Pacific Data Privacy Software Market Size Estimates and Forecasts, By Segments, 2019 – 2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud
- 10.2.2. On-Premise
- 10.3. By Application (USD)
- 10.3.1. Compliance Management
- 10.3.2. Risk Management
- 10.3.3. Reporting and Analytics
- 10.3.4. Others
- 10.4. By Enterprise Type (USD)
- 10.4.1. Small and Medium Enterprises (SMEs)
- 10.4.2. Large Enterprises
- 10.5. By Industry (USD)
- 10.5.1. BFSI
- 10.5.2. IT and Telecommunication
- 10.5.3. Government
- 10.5.4. Manufacturing
- 10.5.5. Retail
- 10.5.6. Healthcare
- 10.5.7. Others (Education, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.2. India
- 10.6.3. Japan
- 10.6.4. South Korea
- 10.6.5. ASEAN
- 10.6.6. Oceania
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. OneTrust LLC
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. AvePoint Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. TrustArc Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Securiti.AI.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. BigID Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. IBM Corporation
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Protiviti Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. RSA Security LLC
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. DataGrail Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. SureCloud Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook