Data Privacy Software Market Size

Dynamic development of data security regulations around the world impacts the growth of the data privacy software market. Today people tend to take care about web privacy more. Let’s examine the data privacy software market: its size, trends and driving factors..

Size. The value of the global data privacy software market was approximately $1.63 billion in 2021. It is expected to grow 40.8% every year. Hence, market size will reach $ 6.4 billion in 2025!

Trends and driving factors. Demand on data privacy software increased after Covid-19 pandemic, when most companies started working online. Also, major data breaches and cyber attacks repeated more often. This fact caused growing users’ concerns about their sensitive records. Not only individual users, but even governments started improving their data security. Today we have to be careful about what we save and share.

Now that everything is digitalized: transactions and a lot of real-time information are shared through the web. Business, financial services and insurance, IT and telecommunication,retail, healthcare, manufacturing — all these industries use web technologies daily. Online services and companies operate petabytes of users’ data every minute. This large amount of information needs to be protected, which increases demand for data privacy software.

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Source: https://www.fortunebusinessinsights.com/data-privacy-software-market-105420