Consent Management Market By Size, Share, Trends, Growth Forecast 2027 | TechSci Research

According to TechSci Research, Global consent management market is expected to grow at a CAGR of over 20% during the forecast period. Growth in the market can be ascribed to increasing awareness pertaining to data compliance regulations and increased cyber-attacks. On account of increased internet penetration, large amount of data is stored on cloud or third-party applications, which can result in data breaching, driving the consent management market, globally.

Consent management platforms safeguards information or data of the user by asking the user for consent for sharing of information with websites. In 2020, European Union enacted General Data Protection Regulation (GDPR) regulation for the collection, storage and sharing of consumer data with companies, which is positively influencing the growth of the market.

The major challenge for global consent management is changing regulatory landscape and presence of open source consent management software vendors. Additionally, it is difficult for a consumer to know who has granted access to their personal information, which can hinder the growth of the market.

Global consent management market is segmented based on component, touchpoint, deployment type, organization size, end use industry and region. Based on component, market can be segregated into software and services. Software segment dominated the market in 2021 as it allows publishers, and advertisers to simplify the user experience across various domains. Additionally, it is also responsible for storing the consent of user.

Following Europe, North America dominates the market share in the forecast period. High internet penetration and presence of regulations like General Data Protection Regulation (GDPR) in EU and California Consumer Protection Act (CCPA) in California highlight the steps taken by the government for the safety of consumer data. These steps coupled with increased data breaches are driving the regional markets of consent management.

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The major players operating in the global consent management market are OneTrust LLC, Trunomi Ltd., TrustArc Inc., Crownpeak Technology Inc., BigID Inc., HIPAAT International Inc., Otonomo Technologies Inc., PossibleNOW Inc., Usercentrics GmBH, Rakuten Inc.

Objective of the Study:

• To analyze and estimate the market size of Global Consent Management Market from 2017 to 2020.
• To estimate and forecast the market size of Global Consent Management Market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast Global Consent Management Market based on component, touchpoint, deployment type, organization size, end use industry, company and regional distribution.
• To identify dominant region or segment in the Global Consent Management Market.
• To identify drivers and challenges for Global Consent Management Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Consent Management Market.
• To identify and analyze the profile of leading players operating in Global Consent Management Market.
• To identify key sustainable strategies adopted by market players in Global Consent Management Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Global Consent Management market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• IT & Telecom related companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to Consent Management

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Consent Management Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Global Consent Management Market, By Component:
  • Software
  • Services
• Global Consent Management Market, By Touchpoint:
  • Mobile App
  • Web App
• Global Consent Management Market, By Deployment Type:
  • Cloud
  • On-Premises
•  Global Consent Management Market, By Organization Size:
  • SMEs
  • Large Enterprises
•  Global Consent Management Market, By End use Industry:
  • BFSI
  • IT & Telecom
  • Government
  • Healthcare
  • Higher Education
  • Retail & E-commerce
  • Others
• Global Consent Management Market, By Region:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar
  • South America
    • Brazil
    • Argentina
    • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Consent Management Market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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