Artificial Intelligence
Privacy Management Software Market worth $15.2 billion by 2028, Growing At a CAGR of 41.9% Report by MarketsandMarkets™
Chicago, July 03, 2023 (GLOBE NEWSWIRE) — The global Privacy Management Software Market size is expected to grow from USD 2.7 billion in 2023 to USD 15.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 41.9% during the forecast period, according to a new report by MarketsandMarkets™. The need for personal data protection with increasing privacy concerns and rapid digital transformation is driving the global privacy management software market during the forecast period.
Browse in-depth TOC on “Privacy Management Software Market“
251 – Tables
50 – Figures
246 – Pages
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Scope of the Report
| Report Metrics | Details |
| Market size available for years | 2019–2028 |
| Base year considered | 2022 |
| Forecast period | 2023–2028 |
| Forecast units | Value (USD Million/Billion) |
| Segments covered | Application, Deployment Mode, Organization Size, and Vertical |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Companies covered | OneTrust (US), TrustArc (US), Securiti (US), BigID (US), Exterro (US), SAP (Germany), IBM (US), Collibra (US), DataGuard (Germany), LogicGate (US), Truyo (US), Segment (US), Spirion (US), Didomi (France), SureCloud (UK), DataGrail (US), Egnyte (US), WireWheel (US), Data Privacy Manager (UK), SAI360 (US), Straits Interactive (Singapore), Corporater (Norway), Transcend (US), Ketch (US), Secuvy (US), Clarip (US), DPOrganizer (UK), MineOS (Israel), Osano (Ireland), and PrivacyEngine (Ireland). |
Based on application, data discovery & mapping segment to hold largest market share in 2023. Data discovery refers to identifying and locating personal data within an organization’s systems, databases, files, and repositories. It involves uncovering the types of personal data collected, processed, and stored and the locations where this data resides. Data discovery is essential for organizations to comprehensively understand the personal data they handle and the associated privacy risks. Privacy management software provides automated data discovery capabilities, often through data scanning or crawling mechanisms. To identify personal data elements, these tools scan various data sources, including databases, file servers, cloud storage, and other data repositories. The software uses techniques like keyword matching, pattern recognition, and metadata analysis to identify and classify personal information based on predefined data categories or customizable rules.
Based on deployment mode, the cloud segment is expected to grow at the highest CAGR during the forecast period. Cloud privacy management software provides organizations a flexible and scalable solution for effectively managing privacy-related activities, compliance, and data protection in a cloud computing environment. It offers the benefits of reduced infrastructure costs, improved accessibility, and the ability to leverage the security measures and infrastructure provided by reputable cloud service providers. The growing adoption of cloud privacy management software reflects the increasing awareness of privacy concerns, regulatory requirements, and the need to establish customer trust. Organizations are leveraging these software solutions to effectively manage privacy risks, comply with regulations, and protect the personal information of individuals in an increasingly data-driven world.
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Based on vertical, the BFSI vertical to hold the largest market share in 2023. Privacy management software is crucial in helping BFSI organizations ensure compliance with data protection regulations, customer privacy, and mitigate privacy risks. Privacy management software is critical for BFSI organizations to meet regulatory obligations, protect customer data, and maintain trust in the digital era. By adopting privacy management software, BFSI institutions can enhance their privacy practices, reduce the risk of non-compliance penalties, strengthen customer relationships, and protect their reputation in an industry that places utmost importance on data security and privacy. Privacy management software offers several benefits for the BFSI industry, which handles vast amounts of sensitive customer financial data. By adopting privacy management software, BFSI organizations can ensure regulatory compliance, protect customer data, maintain trust, and mitigate privacy risks. The software provides the necessary tools and workflows to manage privacy effectively in an industry where data security and privacy are paramount.
Top Trends in Global Privacy Management Software Market
- Increasing Focus on Data Privacy: With the implementation of stringent data protection regulations such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, organizations have become more focused on ensuring compliance. Privacy management software assists firms in automating and streamlining their data privacy operations, assuring personal information safety and lowering the risk of noncompliance.
- Cloud-based Privacy Management Software Solutions are Gaining Popularity: Cloud-based privacy management software solutions are gaining popularity due to its flexibility, scalability, and ease of deployment. These technologies allow organizations to successfully manage their privacy programs, cooperate across teams and departments, and react to evolving privacy regulations. Cloud-based software also provides better security, data encryption, and frequent upgrades, making it an attractive option for businesses.
- Integration with Other Systems: Privacy management software is rapidly being integrated with other systems like as CRM platforms, data discovery and categorization tools, and incident response systems. This connection enables organizations to have a full picture of their privacy management operations across several platforms, increasing productivity and eliminating human tasks.
- Automation and Artificial Intelligence (AI): Privacy management software uses automation and AI to simplify privacy-related processes and workflows. These tools assist organizations in automating data mapping, permission management, privacy impact assessments, and data subject requests, which saves time and reduces human error. AI-powered features also aid in data identification, categorization, and risk analysis, increasing the overall efficacy of privacy management.
- Enhanced Reporting and Analytics: Privacy management software provides advanced reporting and analytics capabilities to help organizations gain insights into their privacy programs and assess their compliance status. These tools generate customizable reports, privacy dashboards, and compliance metrics, allowing businesses to track their progress, identify gaps, and make data-driven decisions regarding privacy management.
- Focus on Cross-Border Data Transfers: As organizations grow more globalized, cross-border data transfers have become an important part of privacy management. Features such as analyzing the sufficiency of data protection in destination countries, applying standard contractual clauses (SCCs), and monitoring international data transfer risks are being incorporated into privacy management software systems to assist compliant data transfers.
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Key Industry Development
- Increased Demand for Privacy Management Solutions: As people become more conscious of the necessity of data privacy and security, there is a greater demand for privacy management software solutions. Organisations in a variety of industries have recognised the importance of implementing strong privacy management practises in order to comply with rules and develop trust with their consumers.
- Consolidation and Acquisitions: As larger technology corporations and established players purchase smaller, specialised privacy software providers, the privacy management software industry has seen consolidation and acquisitions. The necessity to provide comprehensive privacy management solutions that span a wide range of capabilities has spurred this development.
- Emphasis on Consent Management: With the implementation of regulations like GDPR and CCPA, there has been a significant focus on consent management solutions within privacy management software. Organizations are seeking tools that enable them to obtain and manage user consent effectively, maintain auditable consent records, and ensure compliance with consent requirements.
- Integration with Third-Party Services: To increase their capabilities, privacy management software solutions are increasingly being integrated with third-party services. By using additional functions such as data discovery, data categorization, data subject request management, and incident response, organisations may expedite their privacy management procedures.
- Focus on Privacy by Design: With the implementation of regulations such as the GDPR and the CCPA, there has been a heavy emphasis on consent management solutions within privacy management software. Organisations are searching for solutions that can assist them in successfully obtaining and managing user consent, maintaining auditable consent records, and ensuring compliance with consent rules.
- Evolving Regulatory Landscape: The regulatory environment for data privacy is always changing, with new legislation being adopted in various locations. Providers of privacy management software are constantly upgrading their solutions to maintain compliance with the most recent rules and to assist organisations in adjusting to evolving privacy needs.
- Enhanced Security Features: Privacy management software solutions are emphasising security measures to secure sensitive data. To prevent unauthorised access and data breaches, this includes features such as encryption, access restrictions, user authentication, and secure data storage.
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Artificial Intelligence
Clinical Trial Analytics Services Market Projected to Reach $11.95 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 30, 2024 /PRNewswire/ — The report titled “Clinical Trial Analytics Services Market by Services (Clinical Data Analytics, Clinical Trial Data Management, Clinical Trial Planning & Monitoring), Component (Data Management & Integrity Services, Data Visualization & Dashboarding, Patient Recruitment & Retention Analytics), Stages, End-User, Deployment – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $5.42 billion in 2023 to reach $11.95 billion by 2030, at a CAGR of 11.93% over the forecast period.
“Global Expansion and Technological Advancements in Analytics Services”
Clinical trial analytics services are revolutionizing the landscape of medical research and drug development across the globe by utilizing cutting-edge data analytics and statistical methodologies to offer invaluable insights from clinical trial data. These services enhance trial efficiency, streamline costs, and boost accuracy, enabling stakeholders to refine study protocols, improve patient recruitment measures, ensure participant safety, and conduct in-depth effectiveness studies. Such analytics are pivotal in supporting clinical development strategies, facilitating smoother regulatory approvals, and aiding in ongoing market surveillance and informed decision-making. Challenges such as data privacy concerns and the substantial investments required, the sector continues to grow, driven by an increasing focus on advancing drug discoveries and the sheer volume of clinical trials. The Americas lead the market with robust clinical trial activity, supported by Europe’s push for more transparent and unified trial regulations. Meanwhile, the Middle East is emerging as a key player with significant healthcare investments, and the Asia Pacific region is recognized for its cost advantages and substantial patient demographics, becoming an attractive locale for clinical research organizations (CROs) and pharmaceutical advancements. This global momentum towards personalized medicine and heightened technology integration signifies a promising future for clinical trial analytics services in enhancing the efficacy and outcomes of clinical trials worldwide.
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“Revolutionizing Clinical Trials through Analytics: A New Era in Drug Discovery”
The pharmaceutical market is witnessing a significant transformation, marked by an increased focus on developing treatments for a broader spectrum of diseases, including those once deemed untreatable. This shift has propelled the expansion of clinical trials, which are now more complex due to advanced technologies, the inclusion of varied patient demographics, and stringent regulatory standards. As a result, managing and analyzing the vast amounts of data from these clinical trials has become a daunting task. Enter clinical trial analytics services, a game-changing solution that streamlines the management of these trials. These services offer indispensable insights for making strategic decisions, facilitating patient recruitment, ensuring regulatory compliance, and evaluating market potential, ultimately speeding up the delivery of new therapies. With the pharmaceutical sector’s deep investment in the quest for innovative treatments, the pivotal role of clinical trial analytics services in enhancing efficiency and driving success in drug development is clearer than ever.
“Revolutionizing Drug Development: The Power of Clinical Data Analytics”
Clinical data analytics plays a pivotal role in transforming drug development by meticulously analyzing information gathered during clinical trials. This process is key to unlocking valuable insights that lead to better clinical decisions, enhanced trial efficiency, and faster path to market for new treatments. It effectively decodes patterns, forecasts results, and elevates patient care by watching over potential adverse impacts closely. The compilation of a wide variety of data, ranging from patient demographics, clinical outcomes, to biomarkers, underpins these analytics. Innovative technologies including machine learning and artificial intelligence are at the forefront of dissecting these complex data sets to offer understandable insights. The cornerstone of this endeavor is maintaining supreme data quality, ensuring the conclusions drawn are solid and dependable. Clinical trial data management plays an instrumental role, orchestrating the collection, integration, and validation of data throughout its lifecycle. This meticulous process involves designing data capturing systems, setting standards for data collection, and closely monitoring to uphold the integrity of data. Additionally, the blueprinting and vigilant monitoring of clinical trials are critical, demanding clear goals, precise sample sizes, and thorough oversight to guarantee trial integrity and participant safety. Engaging patients in the trial process further underscores the focus on patient-centered approaches, ensuring trials are not just about data but also about the individuals who make the research possible.
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“IQVIA Inc. at the Forefront of Clinical Trial Analytics Services Market with a Strong 10.57% Market Share”
The key players in the Clinical Trial Analytics Services Market include Laboratory Corporation of America Holdings, SGS S.A., QIAGEN N.V., ICON PLC, IQVIA Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trial Analytics Services Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trial Analytics Services Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trial Analytics Services Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trial Analytics Services Market Landscape: Explore 184 Pages of Insights, 574 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trial Analytics Services Market, by ServicesClinical Trial Analytics Services Market, by ComponentClinical Trial Analytics Services Market, by StagesClinical Trial Analytics Services Market, by End-UserClinical Trial Analytics Services Market, by DeploymentAmericas Clinical Trial Analytics Services MarketAsia-Pacific Clinical Trial Analytics Services MarketEurope, Middle East & Africa Clinical Trial Analytics Services MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trial-analytics-services
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Clinical Trial Support Services Market – Global Forecast 2024-2030In Silico Clinical Trials Market – Global Forecast 2024-2030Clinical Trial Supplies Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Artificial Intelligence
Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat
AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.
The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected]
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Artificial Intelligence
GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions
PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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