Privacy management software helps enterprises to store sensitive data and privacy programs securely. It helps to maintain compliance with privacy laws and regulations. Privacy management software automates manual processes and offers reporting tools to manage the company's privacy program. These software’s comply with CCPA, GDPR, LGPD and other privacy laws. It helps the organizations to build comprehensive privacy programs at the same time helping them to adapt to the changing privacy landscape.
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PRIVACY SOFTWARE MARKET OUTLOOK
An increasing number of cyberattacks on business data fuels the demand for the privacy software market. The rise in the adoption of cloud and mobile applications in several organizations positively impacts the growth of the privacy software market. The growing remote working culture further supports the growth of the market.
PRIVACY SOFTWARE MARKET SEGMENTAL OVERVIEW
The study analyses the global privacy software market based on component, deployment type, organization size, verticals and geography.
PRIVACY SOFTWARE MARKET BY COMPONENT
The components of the privacy software market are solutions and services. The solution segment holds the largest share in the privacy software market.
PRIVACY SOFTWARE MARKET BY DEPLOYMENT TYPE
The privacy software market is bifurcated into cloud-based and on premises-based on deployment models. The cloud-based segment contributes the largest share in the growth of the privacy software market. The adoption of the cloud-based segment is increasing, as it gives unlimited storage space, quick deployment, easy back-up and restore features. Moreover, features like mobility, flexibility and security drives the growth of the cloud-based segment in the privacy software market.
PRIVACY SOFTWARE MARKET BY ORGANIZATION SIZE
Based on organizational size enterprise mobility management market is segmented into large organizations and small & medium-sized organizations.
PRIVACY SOFTWARE MARKET BY VERTICALS
Major end-users of the privacy software market covered in the study are government and defence, BFSI, healthcare, transportation and logistics, telecom, IT, retail, and manufacturing. IT sector holds the largest share in the growth of the privacy software market.
PRIVACY SOFTWARE MARKET BY KEY PLAYERS
The key competitors of the market IBM (US), Microsoft(US), Cisco (US), BlackBerry (Canada), VMware(US), SAP (Germany), Citrix (US), Matrix42(Germany), MobileIron (US), Nations (China), Snow Software(Sweden), Sophos (UK), SOTI (Canada), Codeproof (US), Netplus Mobility (US), Hexnode (US), ManageEngine(US), Miradore (Finland), Quest Software (US), Ivanti(US), Scalefusion (India), 42Gears Mobility Systems(India), Social Mobile (US), AppTech (Switzerland), and Jamf (US)
PRIVACY SOFTWARE MARKET BY GEOGRAPHY
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest share of the privacy software market. Technological advancements drive the growth of the market in the region.
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