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Western Europe GDPR Impact on Security Services and Software Forecast, 2016–2021

Western Europe GDPR Impact on Security Services and Software Forecast, 2016–2021

GDPR-related security spending presents a $2.3 billion market opportunity in 2017, and it is forecast to grow to $3.7 billion in 2019. European organizations are maturing in their GDPR readiness journey and are now ready to make investment commitments to support compliance, said Martin Whitworth, research director, IDC European Data Security and Privacy. "Many organizations are actively seeking solutions to ensure regulatory compliance as well using the regulation as a trigger to improve their organizational security stance. For vendors, simply branding products and services as GDPR-ready is unlikely to be effective. They need to help customers understand how new regulations will impact their business, showcase how their solutions can help in addressing any regulatory shortfalls, and work to improve data governance processes."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Opportunity to Update Security Governance and Controls
Severe Sanctions for Non-Compliance
Inhibitors:
Enterprise Ill-Preparedness
Underestimating the Impact of Regulations by Businesses Outside the EU
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
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