DUBLIN, December 8, 2021 / PRNewswire / – The “Global Consent Management Market By Component, By Deployment Mode, By Point Of Contact, By Regional Outlook, Industry Analysis Report And Forecast, 2021-2027” the report was added to ResearchAndMarkets.com offer.
The global consent management market size is expected to reach $ 1.2 billion by 2027, increasing to a market growth of 21.9% CAGR during the forecast period.
Consent management refers to the process, system, or set of compliances that allow clients and patients to decide what kind of health data they should want their providers to access. In addition, it allows consumers and patients to declare their participation in e-health initiatives and to set up consent guidelines to decide who can access their protected health information (PHI), for what purpose and for what purposes. situations. Additionally, consent management helps with dynamic management, consumer creation and enforcement, as well as organizational and jurisdictional privacy policies.
In the current scenario, the world is witnessing strict data privacy laws in many countries. Several global companies or organizations are adopting cross-border and cross-border compliance strategies to work effectively with the system. It is estimated that the increasing cases of individual data breaches in many industries and increasing privacy technologies across the world are increasing the demand for consent management solutions in the market. In addition, companies operating in the consent management market are substantially adopting the consent management solution and meeting the increasing demand and requirements for such solutions.
Factors such as growing concerns over customer privacy and increasing adoption of most regulations and policies regarding customer privacy are expected to support the growth of the consent management market during the forecast period. In addition, the growing awareness of data compliance regulations, the growing demand from consumers to properly manage their preferences and consent, and the increase in cases of data breaches and cyber attacks are expected to accelerate the growth of the market.
Along with this, the high adoption rate of consent management platforms among publishers, the constant improvements in digital consent management platforms, and the increasing adoption of GDPR and CCPA data privacy policies by many. many organizations across the world are expected to fuel the market growth. over the forecast period.
COVID-19 impact assessment
The outbreak of the COVID-19 pandemic has affected all sectors of business. The imposition of various restrictions such as travel ban, lockdown and temporary ban on manufacturing units has had a negative impact on various industrial sectors. The disruption caused by the pandemic has negatively impacted various manufacturing, technology and service industries, in which the consent management market has also experienced declining sales across the globe during the initial phase of the pandemic.
Market growth factors:
Growing digitization across the world
Digitization is one of the fastest growing concepts adopted around the world. People and businesses much prefer digital media to bridge the gap between them. Various online tools and platforms allow companies to reach their potential customers while retaining existing customers. In addition, people have switched to online mode of communication and shopping online during the pandemic, thus increasing the popularity of these modes of communication. All of these transactions and communications require the customer to add their sensitive data to these sites or applications, thereby increasing the demand for consent management solutions in the market.
Growing corporate awareness of data regulatory compliance
With the growing awareness among businesses of the importance of complying with all regulatory compliance related to the collection and use of data, the demand for consent management software has increased in recent years. In addition, the introduction of various policies and regulatory compliance also requires companies to put in place a strong security system and, therefore, is fueling the demand for consent management software and services.
Market restriction factor:
Dynamic nature of regulatory compliance
There are several changes made by regulatory authorities from time to time, making it difficult for companies to adhere to a specific law for a considerable period of time. Ongoing changes in various policies along with the introduction of various new regulations and compliances prevent companies from adopting consent management solutions and thus hamper the growth of the consent management market during the forecast period.
The market research report covers the analysis of the major players in the market. The main companies described in the report are OneTrust, LLC, Quantcast, Piwik Pro SA, TrustArc Inc, Cookiebot CMP (Cybot), Iubenda srl, Trunomi, Crownpeak, BigID, Inc. and CivicUK.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
22.214.171.124 Market composition and scenario
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions
Chapter 3. Competitor Analysis – Global
3.1 Recent Strategic Industry-Wide Developments
3.1.1 Partnerships, collaborations and agreements
3.1.2 Product launches and product extensions
3.1.3 Acquisitions and Mergers
3.2 Best winning strategies
3.2.1 Main main strategies: percentage distribution (2017-2021)
3.2.2 Key strategic action: (Product launches and product expansions: 2017, June – 2021, June) Key players
Chapter 4. Global Consent Management Market by Component
4.1 Global Consent Management Software Market by Region
4.2 Global Consent Management Services Market by Region
Chapter 5. Global Consent Management Market By Deployment Mode
5.1 Global Cloud Consent Management Market by Region
5.2 Global On-Site Consent Management Market by Region
Chapter 6. Global Point of Contact Consent Management Market
6.1 Global Web Application Consent Management Market by Region
6.2 Global Mobile Application Consent Management Market by Region
Chapter 7. Global Consent Management Market by Regions
Chapter 8. Company Profiles
8.1 OneTrust, LLC
8.1.1 Company overview
8.1.2 Strategies and recent developments:
126.96.36.199 Partnerships, collaborations and agreements:
188.8.131.52 Product launches and product extensions:
184.108.40.206 Acquisitions and Mergers:
8.2.1 Company overview
8.2.2 Strategies and recent developments:
220.127.116.11 Partnerships, collaborations and agreements:
18.104.22.168 Product launches and product extensions:
8.3 Piwik PRO SA
8.3.1 Company overview
8.3.2 Strategies and recent developments:
22.214.171.124 Product launches and product extensions:
8.4 TrustArc Inc
8.4.1 Company overview
8.4.2 Strategies and recent developments:
126.96.36.199 Partnerships, collaborations and agreements:
188.8.131.52 Product launches and product extensions:
184.108.40.206 Acquisitions and Mergers:
8.5 Cybot (Cookiebot CMP)
8.5.1 Company overview
8.5.2 Strategies and recent developments:
220.127.116.11 Partnerships, collaborations and agreements:
18.104.22.168 Acquisitions and Mergers:
8.6 Iubenda srl
8.6.1 Company overview
8.6.2 Strategies and recent developments:
22.214.171.124 Product launches and product extensions:
8.7 Trunomi, Inc.
8.7.1 Company overview
8.7.2 Recent strategies and developments:
126.96.36.199 Partnerships, collaborations and agreements:
8.8 Crownpeak Technology, Inc.
8.8.1 Company overview
8.8.2 Recent strategies and developments:
188.8.131.52 Partnerships, collaborations and agreements:
184.108.40.206 Product launches and product extensions:
220.127.116.11 Acquisitions and Mergers:
8.9 BigID, Inc.
8.9.1 Company overview
8.9.2 Strategies and recent developments:
18.104.22.168 Product launches and product extensions:
8.10. Civic UK (cookie control)
8.10.1 Company overview
For more information on this report, visit https://www.researchandmarkets.com/r/13k3ze
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