Privacy Management Software Market

The privacy management software market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 41.9% during the forecast period, to reach USD 15.2 billion by 2028 from USD 2.7 billion in 2023. The advent of IoT in retail sector and adoption of new retail technologies to integrate online and offline shopping experiences is expected to drive the growth of the global privacy management software market.

Major Privacy Management Software Companies Include

• OneTrust (US)
• TrustArc (US)
• Securiti (US)
• BigID (US)
• Exterro (US)
• SAP (Germany)

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OneTrust

OneTrust is a global provider of privacy management software and solutions, offering a comprehensive platform that helps organizations comply with privacy regulations, manage risks, and build trust with their customers. The platform offers various features such as data mapping, consent and preference management, privacy impact assessments, vendor risk management, incident and breach management, and cookie compliance. The company serves a variety of industry verticals such as entertainment, telecommunications, retail, manufacturing, financial services, healthcare, travel & hospitality, government, public sector, transportation, consulting, technology, and others. The company has headquarters in North America and has its global hubs in India and Spain.

TrustArc

TrustArc privacy compliance and risk management solutions helps organizations navigate the complex landscape of data privacy regulations. With a comprehensive platform and a focus on building trust and transparency, TrustArc enables businesses to implement effective privacy programs, meet regulatory requirements, and enhance customer confidence in their data handling practices. In 2019, TrustArc acquired Nymity, a global privacy technology provider, to develop privacy-driven solutions and meet the growing data privacy requirements. TrustArc's platform offers a centralized hub for managing privacy programs, policies, and compliance activities. It provides tools for conducting privacy assessments, creating data inventories, managing consent, and automating privacy processes. The company serves customers across consumer products, retail, financial services, entertainment, technology, cloud-based services, application development, pharma, and medical industries.

Securiti (US)

Securiti is a San Jose-based company specializing in data security, privacy, and governance solutions. Since its founding in 2018, Securiti has emerged as a leader in helping organizations manage sensitive data in compliance with global privacy regulations. Their offerings include tools for privacy management, data security, compliance automation, and leveraging AI for enhanced data protection.

BigID (US)

BigID, headquartered in New York City and established in 2016, offers a robust data intelligence platform focused on discovering, managing, and protecting sensitive and personal data. The company’s solutions encompass data discovery, privacy management, security, and governance, making it a key player in the privacy tech sector with widespread industry adoption and recognition.

Exterro (US)

Exterro, based in Portland and founded in 2004, provides comprehensive e-discovery and legal governance solutions. Specializing in helping legal and IT teams manage data for legal and regulatory purposes, Exterro’s platform includes capabilities for e-discovery, privacy compliance, incident management, and information governance, catering to organizations’ legal and compliance needs effectively.

SAP (Germany)

SAP, headquartered in Walldorf, Germany, has been a prominent enterprise software provider since its establishment in 1972. SAP offers a wide array of business solutions, including ERP systems like SAP S/4HANA, cloud services through SAP Cloud Platform, analytics with SAP Analytics Cloud, and customer experience solutions. Renowned for its leadership in digital transformation and enterprise software, SAP serves diverse industries worldwide with innovative business management solutions.

Related Reports:

Privacy Management Software Market by Application (Data Discovery & Mapping, DSAR, PIA, Consent & Preference Management), Deployment Mode, Organization Size (Large Enterprises, SMEs), Vertical and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
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