The Global GDPR Services Market is estimated to be valued at US$ 1452.87 Mn in 2023 Growth Accelerated by Rising Privacy Laws And Regulations Adoption
The General Data Protection Regulation (GDPR) is a regulation that requires business to protect the personal data and privacy of European Union citizens for transactions that occur within EU member states. It also regulates the exportation of personal data outside the EU. Noncompliance with GDPR can result in fines up to 20 million euros or 4% of annual global revenue (whichever is higher). Several other countries have adopted similar laws to protect their citizens’ digital privacy. This has increased awareness and need among organizations to comply with privacy regulations and ensure ethical use of individuals’ personal data. With increased spending on data privacy and need for GDPR consulting, risk assessment and readiness review services, the global GDPR Services Market is estimated to be valued at US$ 1452.87 Mn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key tr...