PRIVACY MANAGEMENT SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Developments

• In March 2024, TrustArc a data privacy management and governance solutions provider, launched two product innovations, NymityAI and Responsible AI Certification, to revolutionize the privacy landscape. Both products are available from March 27, 2024. This launch, coming at the same time as TrustArc reaffirms its commitment to help businesses implement responsible AI practices through a verified, credible methodology while also building on its leadership in privacy program management through the most comprehensive legal research application available via NymityAI
• In February 2024, the access governance capabilities BigID announced reinforce security posture, achieve zero-trust security, mitigate insider risk, and speed compliance with regulations based on artificial intelligence, all of which the firm offers to protect its customers' data. It further allows customers with newly introduced access governance controls focused on remediation of overexposed sensitive data and over-privileged users to control, monitor, and revoke access to sensitive data across both their cloud and on-premise environments.
• In May 2023, OneTrust launched AI-driven document classification to support organizations to completely identify and classifying unstructured data to enhance data governance and data discovery
• In April 2023, BigID announced a technology partnership with Thales, a data security technology provider, to combine BigID data intelligence and Thales CipherTrust Platform to encrypt, anonymize, and delete data