target audience: TECH BUYER Publication date: Sep 2023 - Document type: IDC MarketScape - Doc Document number: # US49841923
IDC MarketScape: Worldwide Data Privacy Compliance Software 2023 Vendor Assessment
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Abstract
This IDC study represents a vendor assessment of providers offering data privacy compliance software through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for data privacy compliance software. The evaluation is based on a comprehensive and rigorous framework that assesses how each vendor stacks up, and the framework highlights the key factors that are expected to be the most significant for achieving success in the data privacy compliance software market over the short term and long term.
"The privacy market has drastically matured since 2018 when it first rose in popularity due to the implementation of EU's GDPR. The first iteration of privacy compliance platforms quickly grew their businesses with simple workflow and regulatory change capabilities. However, privacy buyers are significantly more sophisticated five years later and now expect deep integrations into their corporate data spheres." — Ryan O'Leary, research director, Privacy and Legal Technology