Data Privacy Software Market to Grow at a CAGR of 35.5% over 2025 to 2032; Spirion Launches New Solutions to Gain Competitive Edge

The global data privacy software market size was valued at USD 3.84 billion in 2024. The market is projected to grow from USD 5.37 billion in 2025 to USD 45.13 billion by 2032, exhibiting a CAGR of 35.5% during the forecast period.

The rise is impelled by an increase in the adoption of these software solutions in the operation and management of the personal data of customers. Furthermore, several companies are adopting these solutions for enhancing concerns regarding confidential and personal data breaches.

Fortune Business Insights™ presents this information in its report titled “Data Privacy Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-premises and Cloud), By Application (Compliance Management, Risk Management, Reporting & Analytics, and Others), By Enterprise Type (Small & Medium Enterprises (SMEs) and Large Enterprises), By Industry (BFSI, IT and Telecommunication, Government, Manufacturing, Retail, Healthcare, and Others), and Regional Forecast, 2024-2032”.

Increase in Remote Work Culture Amid COVID-19 Pandemic Fueled Industry Expansion

The COVID-19 pandemic led to the temporary and permanent closure of several businesses and organizations. Numerous countries provided an array of guidelines for managing personally identifiable information (PII). The usage of data privacy software enabled the verification of shared content at the global level. This helped in propelling industry expansion to a considerable extent.

Spirion Rolls Out New Integration Offerings for ITSM to Secure Competitive Edge

In November 2022, Spirion rolled out new integration offerings for ServiceNow IT Service Management. The integration directs the discovery of data and Spirion regulatory compliance findings into the privacy incident tickets in ServiceNow’s ITSM platform. The integration enables IT professionals to effectively triage data and resolve privacy issues within the ticketing systems.

Market Share to Rise on Account of Growing Adoption of IoT Devices

Data privacy software market growth is being propelled by an upsurge in the adoption of Internet of Things (IoT) devices across an array of industries such as manufacturing, BFSI, healthcare, and others. The industry expansion is further impelled by the growing implementation of 5G technology.

However, the market expansion could be hampered by the lack of awareness associated with software among SMEs, local organizations, and start-ups.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/data-privacy-software-market-105420

Pivotal Companies Ink Collaborative Deals to Favor Industry Expansion

Key industry participants enter a range of strategic steps for the consolidation of their market position. Leading data privacy software companies are entering various agreements to boost industry growth. Some of the other initiatives include merger agreements, acquisitions, and the launch of new solutions.

Key Players

• OneTrust, LLC (U.S.)


• AvePoint, Inc. (U.S.)


• TrustArc, Inc. (U.S.)


• Securiti.AI. (U.S.)


• BigID, Inc. (U.S.)


• IBM Corporation (U.S.)


• Protiviti, Inc. (U.S.)


• RSA Security LLC (U.S.)


• DataGrail, Inc. (U.S.)


• SureCloud (U.K.)

Key Industry Development

July 2021 – IBM Corporation added new data security features to its FlashSystem portfolio of all-flash arrays. The deal was focused on aiding enterprises with enhanced planning and quick recovery from ransomware and various interruptions.

Further Report Findings

• Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


• North America data privacy software market share is poised to depict substantial growth throughout the estimated period. The upsurge is driven by escalating investments by major players in the region.


• The Asia Pacific market is expected to register considerable expansion over the forecast period. The rise is impelled by the growing formulation of national data protection regulations for managing the increasing number of data breaches.


• Based on deployment, the market is subdivided into on-premises and cloud. Of these, the cloud-based segment is poised to exhibit an appreciable surge over the forecast period. The surge is due to the escalating organization of cloud-based software for the purpose of capacity expansion.


• On the basis of application, the market is categorized into compliance management, reporting & analytics, risk management, and others. The compliance management segment is estimated to register a remarkable upsurge over the anticipated period.

Table of Segmentation