Global GDPR Services Market: Regional Insights
The global GDPR services market is geographically divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Among regions, North America is anticipated to dominate the global GDPR services market during the forecast period, owing to stringent regulations for data privacy and management in the U.S. for instance, the California Consumer Privacy Act, a consumer privacy legislation was passed into California law in June 2018. Moreover, rising trend of cutting down budgets among organizations due to ineffective data management tools. For instance, as per the survey of Cohesity, the U.S. is witnessing a significant cut down in IT budgets. These factors are in turn driving the demand for GDPR services in the region, which is likely to support the market growth in coming years.
Furthermore, Asia Pacific is also projected to show significant growth in the global GDPR services market over the forecast period. This can be attributed to rapid adoption of digital innovations in the end-user industries in countries such China, India, Singapore, and Japan showing maximum transformation. Moreover, rise in digital developments such as the Internet of Things, (IoT), cloud computing, and Big Data analytics is also expected to boost growth of the global GDPR services market in the Asia Pacific.
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