Market Research Future (MRFR), in its newly released research report, asserts that the global Proactive Security Market 2020 is flourishing and expected to grow significantly over the review period, recording a substantial market valuation and a healthy 16.4% CAGR in the forecast period.
The Global Privacy Management Software Market 2020 is expecting growth at 22.8% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR). The mounting number of cyber-attacks, rising concerns concerning data privacy, and rigid government regulations regarding data security are major factors expected to compel market growth.
The reports of identity theft, accidental disclosure of customer and proprietary business information as well as successful attempts by hackers to infiltrate systems and take information are on the rise. The growing concern for data privacy has increased the number of laws and regulations that are concerned regarding the information to be collected and maintained.
The Global Third-party Risk Management Software Market was valued at $2.85 billion in 2018 and is estimated to reach $8.18 billion by 2025 growing at a CAGR of 16.87% during the forecast period 2019–2025.