Report : Asia Pacific Consent Management Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (On-Premise and Cloud), End-Use Industry (Retail, Government, IT & Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others), and Country
Growing demand for consent management solutions in emerging economies to support the growth of APAC Consent Management Market during 2019–2027
According to a new market research study on “APAC Consent Management Market to 2027 – Regional Analysis and Forecast by Component, Deployment, End-Use Industry” the market is 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.The report provides trends prevailing in the APAC consent management market along with the drivers and restraints pertaining to the market growth. A growing number of cyber-attacks and increasing data privacy concerns are the major factors driving the growth of the consent management market. However, the adoption of privacy tools over consent management solutions might hinder the growth of the APAC consent management market.
The market for the consent management market is segmented into component, component, deployment, end-use industry, and country. Based on components, the market is segmented into solutions and services. In 2019, the solution segment held the larger share of the APAC consent management market. Based on deployment, the consent management market is divided into on-premise and cloud. The cloud segment is expected to be the fastest-growing segment during the forecast period. Based on end-use industry, the market is segmented into retail, government, IT & telecom, BFSI, Healthcare, education, media & entertainment, and others. The BFSI segment contributed a substantial share in 2019.
IBM Corporation, Trustarc Inc., Onetrust, LLC, Piwik Pro, and Rakuten Advertising are some of the major companies in the APAC consent management market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, TrustArc, a leader in privacy compliance and risk management, declared a significant expansion to the TrustArc Privacy Management Platform that resolves and automates the process of controlling privacy and data risk across the organization.
APAC Consent Management Market, By Country, 2019 and 2027 (%)
The Report Segments the APAC Consent Management Market as Follows:
Consent management Market– By Component
Consent management Market – By Deployment
Consent management Market – By End-Use Industry
- IT & Telecom
- Media & Entertainment
Consent management Market – By Country
- South Korea
- Rest of APAC
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