Today we’re proud to share OneTrust is “leading the market outright” in the IDC, Worldwide Data Privacy Management Software Market Shares, 2020: OneTrust Continues Record Growth and Expands Market Lead Despite the Pandemic (doc #US46970821, April 2021).
The IDC Market Share report highlights OneTrust’s market share dominance. For the second year running, OneTrust leads with 40.2% market share.
OneTrust was also named a Leader in the IDC MarketScape: Worldwide Data Privacy Management Software 2021 Vendor Assessment (doc # US46858221, April 201) report.
Privacy Software Vendors by Market Share According to IDC
The IDC Market Share report ranks the data privacy management software market, including overall market dynamics and landscape. For the second year in a row, OneTrust has the largest market share, and more than all other named vendors combined. The IDC Market Share report ranks the market share of data privacy management software vendors, and reports OneTrust has a 40.2% of the total market share, more than all other named vendors combined. OneTrust also grew 66.2% from 2019, the largest YoY increase among all evaluated vendors.
“OneTrust continues to shape not only the year but the market.”
OneTrust offers solutions for organizations of all sizes to build their privacy, security, and data governance programs. As the market’s need continue to grow, so does OneTrust. “In 2020, OneTrust raised not only a series B but also a series C funding round. OneTrust continued to post historic growth numbers and acquired Integris to better build out its data governance capabilities.”
“OneTrust is leading the market outright and is showing no signs of slowing down or stopping.”
OneTrust Named a Leader in Data Privacy Management Software by IDC MarketScape
The IDC MarketScape vendor assessment provides an overview of the competitive fitness of suppliers in the data privacy management software market. The IDC MarketScape assessed vendor’s capabilities and strategies, and positioned OneTrust as a leader after evaluating 13 different categories, including customer satisfaction, delivery, growth, innovation, and functionality.
“OneTrust is a one-stop shop for data privacy compliance.”
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
“Founded with a deep focus on data privacy compliance management but has since expanded to adjacent use cases. OneTrust has started to create a trust platform that not only enables better privacy compliance outcomes for their clients but manages other types of risk and even manages ethics and social responsibility.”
OneTrust’s ability to innovate and diversify has been possible in part due to successful funding rounds that bring the right technology and strategic partners into the platform that creates the technology fabric of trust within an organization into a single operational workflow. The latest Series C round brings the total funds raised to $920 million.
OneTrust offers solutions for organizations of all sizes to build their privacy and trust programs, to learn more about why OneTrust is leading the way in data privacy management software, download and excerpt of the IDC MarketScape report, or to learn more about OneTrust’s position as a leader, download and excerpt of the IDC Market Share report.
Next steps on IDC reports:
- Download the excerpt: IDC MarketScape: Worldwide Data Privacy Management Software 2021 Vendor Assessment
- Download the excerpt: IDC Worldwide Data Privacy Management Software Market Shares, 2020: OneTrust Continues Record Growth and Expands Market Lead Despite the Pandemic
Source: IDC – IDC MarketScape: Worldwide Data Privacy Management Software 2021 Vendor Assessment, (Doc# US46858221), Apr 2021
IDC Worldwide Data Privacy Management Software Market Shares, 2020: OneTrust Continues Record Growth and Expands Market Lead Despite the Pandemic, (Doc# US46970821), Apr 2021