Privacy Management Software Market to 2027 by Application (Compliance Management, Risk Management, Reporting and Analytics, Others); Deployment Mode (On-Premises, Cloud); Organization Size (SMEs, Large Enterprises); Industry Vertical (Telecommunication and IT, BFSI, Government and Defense, Others) - Global Analysis and Forecast the privacy management software market is estimated to reach US$ 1,585.9 million by 2027 from US$ 521.3 million in 2018 with a CAGR of 13.7% during the forecast period 2019-2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The privacy management software market has recently witnessed a significant adoption in European countries such as UK, France, Italy, and others. The growth in adoption of the privacy management software is attributed to several factors such as Changing regulations and Norms in favor of market growth and growing awareness towards data privacy among consumers. 

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The privacy management software is witnessing a huge adoption in compliance management segment during the forecast period. Various providers operating in the market are focused on offering advanced technology with enhanced features of data privacy regulations and compliances. Further, the increasing concern related to data privacy among small & medium enterprises as well as large enterprise are significantly driving global privacy management software market. Privacy management software market is witnessing multiple partnerships, expansion, mergers, and acquisitions among the players for the development of advanced offerings.   

There have been constant advancements in the privacy management software market. For instance, in 2019 OneTrust works with Adobe to reveal new mobile tools to encourage marketing and privacy professionals in understanding potential privacy risks and opportunities. The new Mobile App Privacy Health Check offers deeper vision into the technologies which they are utilizing to power the customer’s mobile experiences.

Some of the key players in the privacy management software market are AvePoint, Inc., BigID, Inc., IBM Corporation, Nymity Inc., OneTrust, LLC, Protiviti Inc., RSA Security LLC, LogicGate, Inc., SureCloud, and TrustArc Inc. with a considerable share of the market owing to its product offerings and regional presence.  

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