Asia Pacific Consent Management Market Forecast to 2030
Asia Pacific Consent Management Market Forecast to 2030 – Regional Analysis – by Component (Solution and Services), Deployment (On-premises and Cloud-based), and End-use Industry (Retail, Government, IT & Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others)
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Description
Rising Need for AI in Consent Management Fuels the Asia Pacific Consent Management Market
With the rise of artificial intelligence (AI) and its increasing use in various industries, the need to integrate Al, particularly to ensure GDPR compliance, is increasing. Using AI in consent management can help automate various processes, such as data collection, storage, and analysis. It also has the potential to streamline the compliance process and make it more efficient, which can further help reduce the risk of human error. For example, the technology can be used to identify and flag sensitive data, helping organizations keep track of their data assets and avoid breaches. Moreover, AI can be used to ensure that data is processed as per the GDPR. For instance, AI can be programmed to help ensure that only the minimum necessary data is processed, and further, the data will be erased when no longer needed. This will help organizations avoid penalties and fines resulting from GDPR non-compliance.
Asia Pacific Consent Management Market Overview
At present, the whole world is experiencing strict data privacy legislation. Globally operating organizations have no options left but to adopt cross-border and cross-regulatory compliance strategies to operate efficiently. One of the major factors that have drastically impacted the way companies interact with customers and use their data is the growing data protection regulations by the governments of different countries. As per the GDPR, an organization must take consent from the citizen whose personal data it wants to process. Consent management platforms and solutions help the website meet the GDPR and compliance by gaining user consent for collecting their data for further use during website visits via cookies. They also help the websites automate and simplify the consent management process. Some of the other drivers fueling the growth of Asia Pacific consent management market include stricter data privacy regulations, proliferation of data-driven technologies, increasing awareness and concerns for data privacy, and increasing demand for improved the customer experience. On the other hand, some of the restraining factors of the Asia Pacific consent management market include diverse regional regulations, user resistance and consent fatigue, cost of compliance, and implementation challenges.
Asia Pacific Consent Management Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Consent Management Market Segmentation
The Asia Pacific consent management market is segmented based on component, deployment, end-use industry, and country.
Based on component, the Asia Pacific consent management market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By deployment, the Asia Pacific consent management market is bifurcated into on-premises and cloud-based. The cloud segment held a larger share in 2022.
In terms of end-use industry, the Asia Pacific consent management market is categorized into retail, government, IT & telecom, BFSI, healthcare, education, media & entertainment, and others. The BFSI segment held the largest share in 2022.
Based on country, the Asia Pacific consent management market is segmented into China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China dominated the Asia Pacific consent management market in 2022.
Consentmanager AB, IBM, OneTrust LLC, and Rauten Marketing LLC are some of the leading companies operating in the Asia Pacific consent management market.
Summary Info
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According to the research team’ research, the Asia Pacific consent management market was valued at US$ 97.95 in 2022 and is expected to reach US$ 513.35 million by 2030, registering a CAGR of 23.0% from 2022 to 2030. Growing data breaches across various industries are among the critical factors attributed to the Asia Pacific consent management market expansion.
In 2022, the Ministry of Electronics and Information Technology (MeitY) of India released a draft of the Digital Personal Data Protection Bill, which introduced a new framework for personal data protection. Through this bill, the government of India aimed to outline the rights and duties of the citizen and the obligations to use collected data lawfully. Thus, the rise in changes and upgrades in regulations for data protection is shifting the vendors’ focus on developing the tools that would allow the companies to assess their compliance. In addition, in the coming years, jurisdictions worldwide are expected to create new requirements for data protection, and companies would raise their demand to leverage a comprehensive and mature compliance solution that would integrate with existing security as well as IT and marketing investments. This is further fueling the growth of the Asia Pacific consent management market.
Furthermore, the demand for corporate governance and compliance across the region, mainly in China, India, Singapore, and Hong Kong is increasing, as the concern toward the protection of personal data of the employee as well as the customer in the organization is also increasing. Also, the continuous growth in digitalization and increase in government initiatives for the protection of personal and confidential information across the region are leading to the rise in the adoption of consent management solutions across various organizations. Furthermore, digital innovation propelled by enhanced internet connectivity as well as the adoption of smartphones, especially across Southeast Asia, is leading toward the growth of the Asia Pacific consent management market. In Australia, in 2022, the government announced increasing fines under the Privacy Act 1988 for data breaches. Under this, the maximum fine for a serious invasion or repeated invasion of privacy was increased to approximately US$ 6.79 million (AUD 10 million), three times any benefit obtained from the invasion breach and 10% of Australian annual revenue. Such obligatory nature of the governments of the countries mentioned above is making it compulsory to use consent management solutions to avoid situations of a data breach, further creating an opportunity for the growth of the Asia Pacific consent management market.
On the contrary, growing adoption of other privacy tools hampers the growth Asia Pacific consent management market.
Based on component, the Asia Pacific consent management market is bifurcated into solution and services. The solution segment held 77.5% share of the Asia Pacific consent management market in 2022, amassing US$ 75.96 million. It is projected to garner US$ 407.13 million by 2030 to expand at 23.4% CAGR during 2022–2030.
In terms of deployment, the Asia Pacific consent management market is bifurcated into on- premises and cloud-based. The cloud-based segment held 69.1% share of the Asia Pacific consent management market in 2022, amassing US$ 67.67 million. It is projected to garner US$ 376.45 million by 2030 to expand at 23.9% CAGR during 2022–2030.
By end-use industry, the Asia Pacific consent management market is segmented into retail, government, IT & telecom, BFSI, healthcare, education, media & entertainment, and others. The BFSI segment held 30.6% share of Asia Pacific consent management market in 2022, amassing US$ 29.99 million. It is projected to garner US$ 193.01 million by 2030 to expand at 26.2% CAGR during 2022–2030.
Based on country, the Asia Pacific HVAC system market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 24.1% share of Asia Pacific HVAC system market in 2022, amassing US$ 23.63 million. It is projected to garner US$ 99.88 million by 2030 to expand at 19.7% CAGR during 2022–2030.
Key players operating in the Asia Pacific consent management market are Consentmanager AB, IBM, OneTrust LLC, and Rauten Marketing LLC, among others.
In May 2021, DataGuard, a data privacy and information security company, launched a new Consent and Preference Management platform, DataGuard Consent Management. The platform helps capture and manage the consent and preferences of customers, users, and employees. In Feb 2020, the new company integrated together Rakuten Marketing’s expansive affiliate network, programmatic retargeting and prospecting technology with consumer insights from Rakuten Intelligence, and a unique set of global media properties so that brands can discover rich audiences and build enduring relationships including Rakuten TV, Rakuten Viber, and Rakuten Viki.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific consent management market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific consent management market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific consent management market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Consent Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Asia Pacific Consent Management Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Data Breaches Incidents Across Various Industries
5.1.2 Increasing Government Regulations and Norms for Data Protection
5.2 Market Restraints
5.2.1 Growing Adoption of Other Privacy Tools
5.3 Market Opportunities
5.3.1 Rising Need for AI in Consent Management
5.4 Market Trends
5.4.1 Integration of Blockchain Technology
5.5 Impact of Drivers and Restraints:
6. Consent Management Market –Asia Pacific Market Analysis
6.1 Asia Pacific Consent Management Market Revenue (US$ Million), 2022 – 2030
6.2 Asia Pacific Consent Management Market Forecast and Analysis
7. Asia Pacific Consent Management Market Analysis – Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.1 Preference Management
7.1.2.1.1 Overview
7.1.2.1.2 Preference Management Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.2 Cookie Management
7.1.2.2.1 Overview
7.1.2.2.2 Cookie Management Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific Consent Management Market Analysis – Deployment
8.1 On-premises
8.1.1 Overview
8.1.2 On-premises Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Cloud-based
8.2.1 Overview
8.2.2 Cloud-based Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific Consent Management Market Analysis – End-use Industry
9.1 Government
9.1.1 Overview
9.1.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Retail
9.2.1 Overview
9.2.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
9.3 IT and Telecom
9.3.1 Overview
9.3.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
9.4 BFSI
9.4.1 Overview
9.4.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.2 Education Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Media & Entertainment
9.7.1 Overview
9.7.2 Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Consent Management Market – Asia Pacific Country Analysis
10.1 Asia Pacific Consent Management Market
10.1.1 Overview
10.1.2 Asia Pacific Consent Management Market Breakdown, by Country
10.1.3 Asia Pacific Consent Management market Breakdown, by key Countries ( 2022 &2030) (%)
10.1.3.1 Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.1.1 Australia Consent Management Market Breakdown by Component
10.1.3.1.2 Australia Consent Management Market Breakdown by Deployment
10.1.3.1.3 Australia Consent Management Market Breakdown by End-use Industry
10.1.3.2 China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 China Consent Management Market Breakdown by Component
10.1.3.2.2 China Consent Management Market Breakdown by Deployment
10.1.3.2.3 China Consent Management Market Breakdown by End-use Industry
10.1.3.3 Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Japan Consent Management Market Breakdown by Component
10.1.3.3.2 Japan Consent Management Market Breakdown by Deployment
10.1.3.3.3 Japan Consent Management Market Breakdown by End-use Industry
10.1.3.4 India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 India Consent Management Market Breakdown by Component
10.1.3.4.2 India Consent Management Market Breakdown by Deployment
10.1.3.4.3 India Consent Management Market Breakdown by End-use Industry
10.1.3.5 South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.5.1 South Korea Consent Management Market Breakdown by Component
10.1.3.5.2 South Korea Consent Management Market Breakdown by Deployment
10.1.3.5.3 South Korea Consent Management Market Breakdown by End-use Industry
10.1.3.6 Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.6.1 Rest of Asia Pacific Consent Management Market Breakdown by Component
10.1.3.6.2 Rest of Asia Pacific Consent Management Market Breakdown by Deployment
10.1.3.6.3 Rest of Asia Pacific Consent Management Market Breakdown by End-use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 consentmanager AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 International Business Machines Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 OneTrust LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rakuten Marketing LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Asia Pacific Consent Management Market Segmentation
Table 2. Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Million) – Deployment
Table 5. Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Million) – End-use Industry
Table 6. Asia Pacific Consent Management Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 9. Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 10. Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 11. China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 12. China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 13. China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 14. China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 15. Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 16. Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 17. Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 18. Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 19. India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 20. India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 21. India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 22. India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 23. South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 24. South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 25. South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 26. South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 27. Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 28. Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 29. Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 30. Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 31. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Consent Management Market Segmentation, By Countries
Figure 2. Ecosystem: Asia Pacific Consent Management Market
Figure 3. Asia Pacific Consent Management Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Consent Management Market Revenue (US$ Million), 2022 & 2030
Figure 6. Asia Pacific Consent Management Market Share (%) – Component, 2022 and 2030
Figure 7. Solution Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Preference Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Cookie Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Asia Pacific Consent Management Market Share (%) – Deployment, 2022 and 2030
Figure 12. On-premises Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Cloud-based Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Asia Pacific Consent Management Market Share (%) – End-use Industry, 2022 and 2030
Figure 15. Government Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Retail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Education Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Asia Pacific Consent Management Market, by Key Country – Revenue (2022) (US$ Million)
Figure 24. Asia Pacific Consent Management Market Breakdown, by Key Countries, (2022 and 2030) (%)
Figure 25. Australia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. China Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Japan Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. India Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. South Korea Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 30. Rest of Asia Pacific Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific Consent Management Market
o Consentmanager AB
o IBM
o OneTrust LLC
o Rauten Marketing LLC
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