Jul 6, 2020 5:13 AM ET
iCrowd Newswire – Jul 6, 2020
“Consent Management Industry Report″ is a direct appreciation by The Insight Partners of the market potential. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative of Consent Management Market.
According to our latest market study on “Consent Management Market Forecast to 2027 – COVID-19Impact and Global Analysis and Forecast by Component (Solution and Services);Deployment (On-Premise and Cloud); End-Use Industry (Retail, Government, IT& Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others); and Geography, the market was valuedat US$ 340.53 Million in 2019 and is projected to reach US$ 1,217.20 million by 2027; it is expected to grow at a CAGR of 17.7% from 2020 to 2027.
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In the consent management market, companies mainly adopt themarket initiatives strategy to expand their footprint worldwide by meeting thegrowing demand for their offerings. This strategy is mostly observed to beimplemented in the market in North America. A few of the recent initiatives inthe consent management market are listed below:
2020: TrustArc, the leader in privacy compliance and riskmanagement, declared a significant expansion to the TrustArc Privacy ManagementPlatform that resolves and automates the process of controlling privacy anddata risk across the organization. Delivered through TrustArc’s Risk Profile,the new capabilities offer a comprehensive view of risk across companyprocesses and third-party systems and generate automated, actionable businessinsights.
2019: OneTrust, announced the OneTrust Data DiscoveryPartner Program with inaugural partners including BigID, Dataguise, IBMSecurity and Varonis. OneTrust’s solution integration with these providershelps customers to populate the data and discovery scans into the OneTrust DataInventory & Mapping solution and trigger additional privacy workflows tomaintain up-to-date records of processing.
2019: Crownpeak, announced a new extension for”Launch” – Adobe’s Cloud Platform tag-management facility, to helpmarketers simplify compliance with global privacy laws while delivering premiumquality user experiences in Adobe Cloud.
Growing incidents ofindividual’s information breaches across various industries and growth inprivacy technology market are the major factors propelling the growth ofconsent management market. These factors are expected to up surge the demand ofconsent management solutions, and the companies in the ecosystem of consentmanagement solution are seen to significantly adopt the consent management solution, and cater to its burgeoning demand and requirement.
An exclusive Consent Management market research report provides depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa. The segmentation of the market by type, application, and region was done based on the thorough market analysis and validation through extensive primary inputs from industry experts, key opinion leaders of companies, and stakeholders) and secondary research (global/regional associations, trade journals, technical white papers, company’s website, annual report SEC filing, and paid databases). Further, the market has been estimated by utilizing various research methodologies and internal statistical model.
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