A survey conducted in April and May 2023 found that 60 percent of the companies that do business in the United States find it challenging to track the status of the data privacy legislation and the differences between state laws when preparing for changes in the data privacy laws. The challenge for around 50 percent of the respondents were increasing their budget because of the changes.

The General Data Protection Regulation Services Market is projected to grow at 25.4% CAGR, reaching $7.2 Billion by 2029. Where is the industry heading next? Get the sample report now!

According to Cognitive Market Research, the global Data Privacy Management Platform market size is USD 3158.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 39.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1263.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 947.58 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 726.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 41.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 157.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 38.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 179.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.2% from 2024 to 2031.
VTEX Compliance Management is the largest segment of the global data privacy management platform market.

Market Dynamics of Data Privacy Management Platform Market

Key Drivers for Data Privacy Management Platform Market

Data Protection using AI

The rising use of technology in enterprises necessitates efficient data protection, which has resulted in an increased need for AI technology. The AI-infused technologies expedite the business process, providing improved data preservation and gathering while also improving data security. Furthermore, most firms collect data from a variety of touchpoints, including websites, mobile devices, and even Internet of Things (IoT) enabled devices. The collecting of data from numerous touchpoints creates a necessity for efficient data protection, which leads to the use of AI. With the increased usage of artificial intelligence, the organization's IT team protects data and ensures security.

Demand for cloud-based deployment will drive market expansion

This market is expected to grow steadily throughout the estimated period, owing to ongoing research and development activities to create critical advances. The cloud deployment option is ideal for firms who want to install analytics solutions at a minimal cost. It enables the organization to obtain data for all of its services at a reasonable cost. It means that the rapidly increasing demand for cloud-based deployment will drive market growth in the near future.

Restraint Factor for the Data Privacy Management Platform Market

High expense of these solutions

These high expenses limit the expansion of the Data Privacy Management Platform Market. The expenses of implementing and maintaining such a platform are high, and they may provide a considerable barrier to entry for enterprises willing to spend in data privacy management. Again, this is limited to the fact that these solutions are extremely complicated, necessitating specialized technology and knowledge, all of which raises their cost. As a result, certain companies may find it too expensive to implement these solutions, making it more difficult for them to make real data privacy improvements. Every firm must weigh the costs and benefits before deciding whether to invest in such a platform for effective data protection

Impact of Covid-19 on the Data Privacy Management Platform Market

The Covid-19 outbreak has acted as a key driver of growth in the data privacy management platform market. Sudden remote work, hefty dependence on digital technologies, dragged organizations down to take extra care in matters of data privacy and security. The pandemic accelerated the need for data privacy management platforms as companies sought to protect sensitive information associated with a work-from-home environment. Moreover, the pandemic situation created a very strong perception of cyber threats and actually emphasized robust data privacy solutions. Introduction of the Data Privacy Management Platform Market

The data privacy management platform market refers to the industry segment oriented toward rendering software solutions aimed at facilitating organizations in managing and protecting sensitive data in compliance with legislation related to data privacy. These platforms offer tools and f...

In 2022, a survey conducted in Africa found that 61 percent of businesses had established a distinct data protection and governance approach, led by a data protection officer. This demonstrated the significant endeavors by cybersecurity leaders to safeguard data in the ever-expanding digital environment. As organizations undergo digital transformation, it is crucial to recognize data protection and privacy as a fundamental strategic component. Adopting privacy measures and data protection practices can also enhance the competitiveness of businesses operating in the current digital landscape.

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Data Security Market Size 2025-2029

The data security market size is forecast to increase by USD 5.85 billion at a CAGR of 16.4% between 2024 and 2029.

The market is experiencing significant growth due to the increasing awareness and stringent regulations surrounding data protection. With the exponential rise in digital transformation and the subsequent generation of vast amounts of sensitive data, organizations are prioritizing data security to mitigate risks and ensure compliance with data protection laws. A key trend driving market growth is the increasing focus toward data security automation. This approach not only enhances security measures but also reduces the workload on IT teams. However, challenges persist, particularly in the areas of system integration and interoperability. As businesses adopt multiple security solutions, ensuring seamless integration and communication between them becomes crucial for effective data protection. Companies seeking to capitalize on market opportunities and navigate challenges effectively should prioritize interoperability and invest in solutions that offer automated data security features. By doing so, they can strengthen their security posture, mitigate risks, and build customer trust.

What will be the Size of the Data Security Market during the forecast period?

Request Free SampleThe market is experiencing growth, driven by the increasing volumes of digital data and the proliferation of information applications across various industries. According to industry associations and national statistical offices, global IT infrastructure spending is projected to reach new heights, fueling demand for advanced security solutions. Internet penetration continues to expand, leading to an increased attack surface for cybercriminals. Consequently, next-generation firewalls and advanced threat protection systems have gained significant traction, becoming essential components of organizations' IT defense strategies. Cloud solutions have also emerged as a popular choice due to their flexibility, scalability, and cost savings. Financial statements of leading companies in the sector indicate a positive trend, with revenue growth and expanding customer bases. Overall, the market is poised for continued expansion as businesses prioritize safeguarding their digital assets.

How is this Data Security Industry segmented?

The data security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. DeploymentOn-premisesCloud-basedTypeLarge enterpriseSMEEnd-userBFSIHealthcareIT and telecommunicationsGovernmentOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period.On-premises servers represent the traditional enterprise computing model, where businesses own and manage their data security infrastructure on their premises. This includes servers, storage units, and other related hardware. Companies are responsible for purchasing, maintaining, and securing these components at secure and climate-controlled sites. IT support is required for managing the equipment and ensuring optimal performance. With on-premises servers, businesses retain complete control over data security. They set user access policies, install firewalls, antivirus software, and security patches, and safeguard against data breaches. Key data security solutions include Next-Generation Firewalls, Advanced Threat Protection, IT infrastructure, Cloud solutions, Endpoint security, Cyber hygiene practices, Business Continuity Plan, and Data Auditing. Data volumes continue to grow due to digitalization trends, digital data generation, and the increasing use of digital devices, IoT devices, and cloud computing. Data security concerns include financial loss, intellectual property loss, business disruption, and regulatory compliance. Companies of all sizes, from large enterprises to emerging startups, require data security measures to protect sensitive data from data thefts, security breaches, identity thefts, and phishing attempts. Data risk assessment, minimization, and real-time alerts are essential for effective data security management.

Get a glance at the market report of share of various segments Request Free Sample

The On-premises segment was valued at USD 2.63 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The Data Protection As A Service (DPaaS) Market is projected to grow at 27.6% CAGR, reaching $102.98 Billion by 2029. Where is the industry heading next? Get the sample report now!

The global data protection appliances market is experiencing robust growth, driven by the exponential increase in data volume across various industries and the rising need for robust data security and disaster recovery solutions. The market's expansion is fueled by the increasing adoption of cloud computing, the proliferation of IoT devices generating massive amounts of data, and stringent government regulations regarding data privacy and compliance (like GDPR and CCPA). Companies are increasingly investing in advanced data protection appliances to safeguard their critical business information from cyber threats, data breaches, and accidental data loss. This trend is particularly pronounced in sectors like finance, healthcare, and government, where data security is paramount. While the market experienced a period of consolidation with major players like Dell EMC, Hewlett Packard Enterprise, IBM, and Veritas Technologies dominating the landscape, innovation in areas like AI-powered data protection, improved data deduplication techniques, and the integration of data protection with cloud-native services are creating new opportunities for market entrants and expansion for existing players. The market's geographical distribution reveals strong growth in North America and Europe, driven by early adoption of advanced technologies and stringent regulatory frameworks, but significant opportunities also exist in rapidly developing economies of Asia Pacific and Middle East & Africa as digitalization accelerates. We estimate the market size to have been around $15 billion in 2025, growing at a steady CAGR, potentially between 7-9%, based on the projected overall tech sector growth and the specific growth drivers of the data protection sector. The forecast period (2025-2033) is expected to witness sustained growth, fueled by factors like increasing cloud adoption, the rise of edge computing, and the growing importance of data backup and recovery solutions. While economic downturns may cause short-term fluctuations, the long-term trend points toward consistent market expansion. Competition will remain intense among established players, incentivizing continuous innovation and strategic mergers and acquisitions. Future growth will likely be shaped by the development of more efficient and cost-effective solutions, focusing on automation and integration with existing IT infrastructure. Furthermore, the emergence of new data protection technologies and the ongoing need for enhanced security protocols in a constantly evolving threat landscape will continue to drive market demand throughout the forecast period.

Restricted access to electronic personnel documents were one of the most common measures of data protection used in Russian companies in 2020, employed by nearly 90 percent of the polled. Over 60 percent of the businesses had the security systems in the premises where the information systems were installed.

Explore the Mobile Data Protection Market trends! Covers key players, growth rate 24.7% CAGR, market size $21 Billion, and forecasts to 2034. Get insights now!

The size and share of the market is categorized based on Type (Data Protection Software, Backup and Recovery Reporting Software, Storage Replication Software, Systems and Data Migration Software, Others) and Application (Business Continuity, Disaster Recovery, Data Center Consolidation and Migration, Remote Office/Branch Office (ROBO) Environments, Data Archiving and Long-term Retention, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

GDPR Solutions Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

Global GDPR Solutions Market Drivers

The market drivers for the GDPR Solutions Market can be influenced by various factors. These may include:

Growing Concerns About Data Privacy: In order to ensure compliance with data protection requirements, there is an increased need for GDPR solutions due to growing consumer and company awareness of data privacy.
Tight Regulating Guidelines: Organizations are compelled to provide comprehensive solutions in order to avoid significant fines and legal penalties resulting from the global application of GDPR and related data protection legislation.
An increase in cybersecurity threats and data breaches: In order to safeguard personal data and uphold customer confidence, businesses must adopt strong GDPR solutions due to the growing frequency and complexity of data breaches.
Cloud adoption and digital transformation: The requirement for GDPR solutions to manage and safeguard data across multiple platforms and environments has increased due to the broad adoption of cloud services and digital transformation projects.
Demands for Control and Transparency of Data: Organizations are being forced to implement GDPR solutions that offer procedures for data access, correction, and deletion as a result of consumer demands for increased transparency and control over their personal data.
Extending the Range of Data Processing and Collection:The deployment of GDPR solutions is required to secure data privacy and compliance due to the exponential development in data collecting and processing activities driven by technologies such as IoT, AI, and big data analytics.
Managing Reputational Risk: Businesses are adopting GDPR solutions at a faster rate as they realize how crucial it is to preserve their reputation by proving that they are compliant.
The necessity of effective data management techniques: GDPR solutions facilitate the streamlining of an organization’s data management procedures while guaranteeing that data is correctly classified, preserved, and safeguarded in compliance with legal requirements.
Globalization of Enterprises: Businesses must abide by numerous data protection laws, including GDPR, as they grow internationally. This has increased demand for all-inclusive GDPR solutions that meet different regulatory needs.
Technological Progress: Advances in GDPR solutions, such AI-driven analytics, automated compliance tools, and sophisticated encryption technologies, are increasing the efficacy and efficiency of data security initiatives and driving market expansion.

The DPaaS market offers a wide range of products and services to meet the diverse needs of enterprises. These include:Disaster recovery as a service (DRaaS): DRaaS solutions provide enterprises with a cost-effective way to protect their data from disasters, and they can help to minimize the impact of downtime.Backup as a service (BaaS): BaaS solutions provide enterprises with a way to back up their data to the cloud, and they can help to protect data from data breaches and cyberattacks.Storage as a service (STaaS): STaaS solutions provide enterprises with a way to store their data in the cloud, and they can help to reduce the cost of data storage. Recent developments include: November 2022: Data security and management company Cohesity said at ReConnect that it is teaming up with the "who's who" of cybersecurity to give consumers new strategies for prevailing in the battle against cyberattacks. With superior data management and security know-how from Cohesity, the Data Security Alliance now offers best-in-class solutions from top cybersecurity and services providers., July 2022: T-Systems announced that it had earned the Amazon Web Services (AWS) Security Competency certification for Identity and Access management. This recognition acknowledges that T-Systems has proven that it can provide clients with a high level of consulting and software expertise in identity and access management to help them meet their cloud security objectives., Data Protection As a Service Market Segmentation,

Disaster Recovery as a Service (DRaaS)

Backup as a Service (BaaS)

Storage as a Service (STaaS)

,

Public Cloud

Private Cloud

Hybrid Cloud

,

Small & Medium Enterprise

Large Enterprise

,

North America

,

US

Canada

,

Europe

,

Germany

France

UK

Italy

Spain

Rest of Europe

,

Asia-Pacific

China

Japan

India

Australia

South Korea

Australia

Rest of Asia-Pacific

Rest of the World

Middle East

Africa

Latin America

, . Key drivers for this market are: Increasing Cybersecurity Threats Regulatory Compliance Requirements Growing Cloud Adoption Cost Efficiency and Scalability. Potential restraints include: Opportunities, Challenges Concerns Over Data Security Vendor Lock-In Integration Complexities Cost of Advanced Services. Notable trends are: Integration of AI and Machine Learning Cloud-Native Data Protection Hybrid and Multi-Cloud Environments Data Encryption and Privacy Enhancements Focus on Compliance.

One out of two surveyed respondents representing Danish organizations stated in a survey that the new General Data Protection Regulations (GDPR) had been a burden on their business as of 2019. That was a drastic increase from the year before, when just one out of three respondents stated so.

Attitudes of companies towards data protection issues. Measures of data protection.
Topics: assessment of the level of protection of the national Data Protection Law for citizens as sufficient; familiarity with the provisions of the national Data Protection Law; attitude towards selected statements on the requirements of the data protection law: necessary, too strict, only necessary for certain sectors of activity; attitude towards the following statements: sufficient harmonization of the member states’ data protection laws to consider that personal data can be moved freely within the EU, data protection law in the own country is applied more strictly than in other member states; suitability of existing legislation on data protection with regard to the increasing exchange of personal data; use of Privacy Enhancing Technologies in the company; transfer of personal data via the internet; measures taken to enhance security of data transfer; transfer of personal data to countries outside the European Economic Area; type of transferred data; used means of transferring personal data; awareness of the term ´standard contractual clauses´ with regard to personal data transfer to countries outside the European Economic Area; regular contact of the company with national data protection authority; reasons for contact: notifications, asking for guidances, complaints against company, inspections, other reasons; maintenance and update of privacy policy notices by the company; monitoring of the examination of policy notes by the public; approximate number of requests for access to personal data received in 2006; complaints from people whose personal data are being currently processed; preferred actions to improve the implementation of the legal framework on data protection; attitude towards selected measures to fight international terrorism: monitor telephone calls, monitor internet use, monitor credit card use, monitor flight passenger data.

Demography: position of respondent at the company; information about the company (limited to activities in the own country): number of employees, independent or part of national or international group; company sector.

Additionally coded was: respondent ID; language of the interview; date of interview; time of the beginning of the interview; duration of the interview; country; weighting factor.

Success.ai delivers comprehensive access to Small Business Contact Data, tailored to connect you with North American entrepreneurs and small business leaders. Our extensive database includes verified profiles of over 170 million professionals, ensuring direct access to decision-makers in various industries. With AI-validated accuracy, continuously updated datasets, and a focus on compliance, Success.ai empowers businesses to enhance their marketing, sales, and recruitment efforts while staying ahead in a competitive market.

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Business licenses and building permits are required to operate a business in Chicago or to ensure that a building construction project conforms to the minimum standards of the Chicago Building Code. Currently the performance target for processing most business license types is approximately 15 days.

The Data Resiliency market is experiencing robust growth, projected to reach $16.65 billion by 2025 and maintain a Compound Annual Growth Rate (CAGR) of 18.5% from 2025 to 2033. This expansion is fueled by several key factors. The increasing frequency and severity of cyberattacks, coupled with stringent data privacy regulations like GDPR and CCPA, are driving organizations to prioritize data protection and recovery strategies. The rise of cloud computing, while offering scalability and flexibility, also introduces new vulnerabilities, thus boosting demand for robust data resiliency solutions. Furthermore, the growing adoption of digital transformation initiatives across various industries is generating massive amounts of data, making effective data management and resilience crucial for business continuity. The market is segmented by deployment (on-premises and cloud), with the cloud segment expected to witness faster growth due to its inherent scalability and cost-effectiveness. Competition is intensifying among leading companies, each employing various competitive strategies such as mergers and acquisitions, strategic partnerships, and product innovation to gain market share. North America currently holds a significant market share, driven by early adoption of advanced technologies and stringent regulatory frameworks. However, regions like APAC, particularly China and Japan, are exhibiting rapid growth potential due to increasing digitalization and investment in data infrastructure. The forecast period (2025-2033) presents significant opportunities for vendors offering innovative solutions that address the evolving data protection landscape. These include advanced backup and recovery solutions, data replication technologies, disaster recovery as a service (DRaaS), and robust security measures. While the market faces challenges such as high initial investment costs and complexity in implementing data resiliency strategies, the long-term benefits of preventing data loss and ensuring business continuity far outweigh the costs. The ongoing evolution of data storage technologies, coupled with the increasing sophistication of cyber threats, will continue to shape the market's trajectory, creating a dynamic environment for both established players and emerging companies.

The enterprise backup software market is experiencing robust growth, driven by the increasing adoption of cloud computing, the proliferation of data, and stringent data security regulations. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This significant expansion is fueled by several key factors. Firstly, the shift towards hybrid and multi-cloud environments necessitates robust backup and recovery solutions to ensure data availability and business continuity across diverse platforms. Secondly, the rising frequency and severity of cyberattacks are compelling organizations to invest heavily in robust data protection strategies, including enterprise-grade backup software. Thirdly, the increasing adoption of big data analytics and the Internet of Things (IoT) generates exponential data growth, further emphasizing the need for efficient and scalable backup solutions. The market is segmented by deployment (cloud-based and on-premise) and target user (SMEs and large enterprises), with cloud-based solutions witnessing faster adoption due to their scalability, cost-effectiveness, and ease of management. Large enterprises, owing to their greater data volume and stricter compliance requirements, represent a larger segment of the market. The competitive landscape is characterized by a mix of established players and emerging innovative companies. Leading vendors like Veeam, Druva, and Acronis are leveraging their expertise and extensive customer bases to maintain their market share. However, the market also sees the rise of cloud-native backup solutions providers catering specifically to the demands of cloud-centric businesses. Geographical expansion is also a significant driver, with North America currently dominating the market due to high technological adoption and robust IT infrastructure. However, regions like Asia-Pacific and EMEA are projected to witness significant growth in the forecast period, propelled by rising digitalization and increasing awareness of data security concerns across various industries. This dynamic market landscape will continue to evolve, with innovation in areas like AI-powered backup, automated disaster recovery, and enhanced security features shaping the future of enterprise backup software.

The Disaster Recovery Systems (DRS) market is experiencing robust growth, projected to reach a market size of $39.47 billion in 2025. While the exact CAGR isn't provided, considering the increasing reliance on data and the rising frequency of cyberattacks and natural disasters, a conservative estimate of 10% CAGR between 2025 and 2033 is plausible. This implies substantial market expansion in the forecast period. Key drivers include the growing adoption of cloud computing, increasing demand for data protection and business continuity, stringent regulatory compliance requirements (like GDPR and HIPAA), and the rising adoption of hybrid and multi-cloud strategies. The market is segmented by type (Backup and Restore, Real-time Replication, Data Protection, Hosting Services, Others) and application (BFSI, IT, Government, Healthcare, Industrial & Manufacturing, Other), reflecting the diverse needs across various industries. North America currently holds a significant market share due to advanced technological infrastructure and high adoption rates, but regions like Asia-Pacific are showing rapid growth fueled by digital transformation initiatives and increasing internet penetration. The market is competitive, with established players like Microsoft, IBM, and VMware alongside specialized providers like Zerto and Datto. However, the entry of new players and innovative solutions is expected to further intensify competition. The projected growth is driven by several factors, including the increasing sophistication of cyber threats, the growing volume of critical data requiring protection, and the expanding adoption of cloud-based disaster recovery solutions. The BFSI sector remains a key driver, due to stringent regulatory requirements and the sensitivity of financial data. The rising adoption of AI and machine learning in DRS solutions is expected to enhance efficiency and automation, further driving market growth. However, challenges such as high implementation costs and the complexity of integrating diverse systems could potentially restrain market growth in some segments. Nevertheless, the long-term outlook for the DRS market remains optimistic, propelled by the inherent need for robust data protection and business continuity in an increasingly digital world.

This dataset contains the owner information for all the accounts listed in the Business License Dataset, and is sorted by Account Number. To identify the owner of a business, you will need the account number or legal name, which may be obtained from theBusiness Licenses dataset: https://data.cityofchicago.org/dataset/Business-Licenses/r5kz-chrr. Data Owner: Business Affairs & Consumer Protection. Time Period: 2002 to present. Frequency: Data is updated daily.