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consent management market in APAC was valued at US$63.45 million in 2019 and is projected to reach US$ 281.96 million by 2027; it is expected to grow at a CAGR of 20.9% from 2020 to 2027. Growing demand for consent management solutions and stringent government regulations regarding the public data protection are driving the growth of consent management market across the region. However, the lack of skilled professionals is a hindering factor to the growth of the consent management market. Further, technological advancement is creating business opportunities for companies operating in the market to achieve a significant share of consent management market.
The report covers profiles of top players that are functioning in the Asia Pacific Consent Management Market:
IBM Corporation,Trustarc Inc,ONETRUST, LLC,PIWIK PRO,RAKUTEN ADVERTISING
Asia Pacific Consent Management Market Segmentation: By Deployment Types
Cloud and On-Premise
Asia Pacific Consent Management Market Segmentation: By Applications
Restaurant Delivery, Logistics, Courier Business
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Report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.
At present, the whole world is experiencing strict data privacy legislation across the global economies. Globally operating organizations has no options left but to adopt cross-border and cross-regulatory compliance strategies to efficiently operate in the system. Consent management platform and solutions help the website to meet the GDPR regulation and compliance, by gaining user consent for collecting their data (and for further using it) during website visit via cookies. It also helps the websites to automate and simplify the consent management process. Various factors such as growing incidents of individual’s information breaches across various industries and growth in privacy technology market are propelling the growth of consent management market.
These factors are expected to offer broad growth opportunities in this is expected to cause the demand for Consent Management in the market.
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