The consent management market refers to the industry that offers solutions for managing and tracking the collection, storage, and use of individual’s consent for data processing activities. These solutions help organizations comply with data protection regulations, such as the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA). Key players in the market include OneTrust, TrustArc, and Privvy.
The consent management market is expected to be worth US$ 988 Mn. The projected growth rate through 2028 is 9% CAGR. Due to a greater awareness of the risks associated with disclosing personal information among Internet users in the area, North America will hold a commanding 22.4% of the global consent management market in 2028. Through 2028, Europe is anticipated to have the quickest rate of growth in the consent management market.
Consent management software solutions are anticipated to account for the biggest market share among product categories throughout the forecast period.
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Analysis of the consent management market structure
To facilitate simplicity of understanding and avoid any problems for consumers, the top companies in the global consent management market are concentrating on offering consent management solutions built on the principles of plain language presentation.
Independent consent management platform providers consistently work to develop consent management systems that adhere to current legal requirements and offer greater value propositions while keeping up with changing market trends. Vendors of consent management platforms are also working to enhance user engagement and user interface for the upcoming wave of solutions.
Top Market Influencers for Consent Management: Impact of Digital Business Transformation
Businesses all over the world are putting more and more emphasis on digital business initiatives designed to change how customers interact with brands. Consent management makes it possible for customers to interact with businesses across multiple channels in a uniform, secure manner, which has transformed how businesses do digital commerce.
Firms are searching for consent management platforms to purchase as the trend of business transformation spreads around the globe and will greatly help their businesses expand in the consent management market.
Key Segment
Based on component:
- software
- services
Based on services :
- professional services
- manages services
Based on deployment types:
- on-premise deployments
- cloud-based deployments
Based on end-use:
- retail & e-commerce
- government
- technology
- financial services
- healthcare
- higher education
- other end-use industries
Table of Content
1. Executive Summary
1.1. Preface
1.2. Market Outlook
1.3. Market Trends
1.4. FMI Recommendations
1.5. Market Opportunity
2. Market Introduction
2.1. Market Definition
2.2. Key Regional Regulation
2.3. Market Taxonomy
2.4. Market Snapshot
2.5. Market Share Analysis by Segments
2.6. Incremental Opportunities by Segment
3. Market Background
3.1. Macro-economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain Analysis
3.4. Market Drivers
3.5. Market Challenges
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