Leading IT market research and advisory firm IDC just released its first Market Share report for the Worldwide Data Privacy Management Software.
The results from its research? OneTrust “dominates the competition” with a 35.5% share of the data privacy management software market and a 141.6% year-over-year growth according to IDC.
Read the full report: Market Share Worldwide Data Privacy Management Software Market Shares, 2019: OneTrust Dominates the Competition
Privacy regulations like the GDPR, CCPA and Brazil’s LGPD have created new challenges for companies managing and processing people’s data. Technology like OneTrust is purpose-built to help companies solve these challenges, demonstrate compliance and build trust as a competitive differentiator and market advantage.
“The worldwide data privacy market grew 60.29% in 2019,” said Ryan O’Leary, senior research analyst, Legal, Risk, and Compliance at IDC. “OneTrust is leading the market outright and showing no signs of slowing down or stopping.”
The report highlights several key contributing factors to OneTrust’s success, included subsequent rounds of funding in 2019 and 2020 and expanded breadth of product.
Today, OneTrust is the #1 most widely used privacy, security, and trust platform used by more than 5,000 companies. In addition to our leading privacy products, our customers use OneTrust for third party risk management, consent and preferences, GRC, regulatory research, ethics, and data discovery.
To learn more about why OneTrust leads the Worldwide Data Privacy Management Software market, read the report.
To see how OneTrust can help you solve your privacy, security, and trust challenges, request a demo.
IDC, Market Share Worldwide Data Privacy Management Software Market Shares, 2019: OneTrust Dominates the Competition, Doc #46214219, April 2020.