Nov 13, 2019 (Market Insight Reports via COMTEX) -- Global GDPR Services Market - Growth, Trends, And Forecast (2019 - 2023)
The report presents an in-depth assessment of the Global GDPR Services including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global GDPR Services investments from 2019 till 2023.
The global GDPR Services Market is expected to register a CAGR of 22.14%, during the forecast period (2018 – 2023).
The Global GDPR Services market is highly competitive and consists of a number of major players. Companies, like IBM Corporation, Veritas Software, Amazon Web Services, Microsoft Corporation, Micro Focus, Oracle Corporation, SAP, Capgemini SE, Absolute Software Corporation, Proofpoint Inc among others.
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Public Cloud is Expected to Experience High Growth in the Market Due to Cost Cutting Efficiencies
The public cloud is based on the standard cloud computing platforms these type of services is comparatively inexpensive to the private cloud, as the cloud is shared among multiple users. Companies are now shifting toward public clouds to reduce the cost and overhead expenses. Conversely, security concerns over data are hindering the growth in this segment. However, with continuous development and innovations in technology, service providers are offering better security with end-to-end encryption and monitoring services.
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Authentication is the Fastest Growing Market Segment – by Solution
Organizations, globally, are increasingly facing identity data breaches owing to frauds. Thus, strong authentication-based fraud detection solutions platforms aid in protecting banking and financial institution customers from the latest threats in online fraud. Cybercriminals are constantly trying to penetrate business networks and acquire customer information. This is leading to many identity thefts.
Single-factor authentication is the process of securing access to a system by using a single category of credentials. The most significant advantage of single-factor authentication is its simplicity. It is always easier to perform one action for identification, rather than many. However, a single-factor authentication is easier to hack when compared to multiple-factor authentication. The possibility of passing a security measure with an obtained factor is inversely proportional to the number of factors required. Single-factor authentication can be used in instances where high-security levels are not as vital as good throughput performance and relatively less user cooperation is required.
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The key insights of the GDPR Services Market report:
The report provides key statistics on the market status of the GDPR Services market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.