Europe Consent Management Market Forecast to 2030
Europe 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
Increasing Government Regulations and Norms for Data Protection Fuel the Europe Consent Management Market
The European Union’s (EU) General Data Protection Regulation (GDPR) is one of the strongest privacy and security laws in the world, which came into effect in May 2018. The regulation was introduced to improve the protection of European data rights and also standardize the process of safeguarding these rights. This agency will oversee the use of high-risk data practices, which include using automated decision systems, such as machine learning, profiling individuals on a large scale, and processing personally identifying biometric information, such as genetic data. 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 Europe consent management market.
Europe 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. One such regulation is General Data Protection Regulation (GDPR), a data privacy regulation enforced by European Union (EU) in May 2018. 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 Europe 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 Europe consent management market include diverse regional regulations, user resistance and consent fatigue, cost of compliance, and implementation challenges.
Europe Consent Management Market Revenue and Forecast to 2030 (US$ Million)
Europe Consent Management Market Segmentation
The Europe consent management market is segmented based on component, deployment, end use industry, and country.
Based on component, the Europe consent management market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By deployment, the Europe consent management market is bifurcated into on-premises and cloud-based. The cloud-based segment held a larger share in 2022.
In terms of end-use industry, the Europe consent management market is segmented 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 Europe consent management market is categorized into Germany, France, Italy, United Kingdom, Russia, and the Rest of Europe. Germany dominated the Europe consent management market in 2022.
Consentmanager AB, Crownpeak Technology Inc, IBM, OneTrust LLC, PIWIK PRO LLC, Rauten Marketing LLC, Didomi SAS, and CASSIE are among the leading companies operating in the Europe consent management market.
Summary Info
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According to the research team’ research, the Europe consent management market was valued at US$ 168.11 in 2022 and is expected to reach US$ 771.44 million by 2030, registering a CAGR of 21.0% from 2022 to 2030. Rising need for AI in consent management is among the critical factors attributed to the Europe consent management market expansion.
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.
In addition, AI can also help automate Data Protection Impact Assessments (DPIAs), as DPIAs are mandatory under GDPR policies and should be conducted when a new technology that can have a high risk to the rights and freedoms of individuals is introduced. Also, AI algorithms can analyze data and identify potential risks, saving time and effort of the organizations in conducting the assessments. Furthermore, AI-powered chatbots can help interact with data subjects and obtain their consent for data processing. This chatbot can help present the privacy notice and answer questions about data collection and its use, allowing individuals to provide their consent in a conversational manner. Additionally, an AI system could be trained in order to predict which data subjects are likely to provide consent for data processing depending on their past behavior and demographic information. This information can be further used to target and optimize the consent management process. Moreover, smart forms or AI-powered forms can be used to obtain the consent of individuals in a user-friendly and efficient manner.
On the contrary, growing adoption of other privacy tools hampers the growth Europe consent management market.
Based on component, the Europe consent management market is bifurcated into solution and services. The solution segment held 76.5% share of the Europe consent management market in 2022, amassing US$ 128.63 million. It is projected to garner US$ 604.39 million by 2030 to expand at 21.3% CAGR during 2022–2030.
By deployment, the Europe consent management market is bifurcated into on- premises and cloud-based. The cloud-based segment held 74.4% share of the Europe consent management market in 2022, amassing US$ 125.05 million. It is projected to garner US$ 586.03 million by 2030 to expand at 21.3% CAGR during 2022–2030.
In terms of end-use industry, the Europe consent management market is categorized into retail, government, IT & telecom, BFSI, healthcare, education, media & entertainment, and others. The BFSI segment held 29.6% share of Europe consent management market in 2022, amassing US$ 49.77 million. It is projected to garner US$ 283.48 million by 2030 to expand at 24.3% CAGR during 2022–2030.
Based on country, the Europe consent management market is segmented into Germany, France, Italy, United Kingdom, Russia, and the Rest of Europe. Germany held 24.2% share of Europe HVAC system market in 2022, amassing US$ 40.66 million. It is projected to garner US$ 165.72 million by 2030 to expand at 19.2% CAGR during 2022–2030.
Key players operating in the Europe consent management market Consentmanager AB, Crownpeak Technology Inc, IBM, OneTrust LLC, PIWIK PRO LLC, Rauten Marketing LLC, Didomi SAS, and CASSIE, 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 Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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. Europe Consent Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Europe 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 – Europe Market Analysis
6.1 Europe Consent Management Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Consent Management Market Forecast and Analysis
7. Europe 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. Europe 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. Europe 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 – Country Analysis
10.1 Europe
10.1.1 Europe Consent Management Market Overview
10.1.2 Europe Consent Management Market Breakdown, by Country
10.1.3 Europe Consent Management market Breakdown, by key Countries ( 2022 &2030) (%)
10.1.3.1 France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.1.1 France Consent Management Market Breakdown by Component
10.1.3.1.2 France Consent Management Market Breakdown by Deployment
10.1.3.1.3 France Consent Management Market Breakdown by End-use Industry
10.1.3.2 Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Italy Consent Management Market Breakdown by Component
10.1.3.2.2 Italy Consent Management Market Breakdown by Deployment
10.1.3.2.3 Italy Consent Management Market Breakdown by End-use Industry
10.1.3.3 UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 UK Consent Management Market Breakdown by Component
10.1.3.3.2 UK Consent Management Market Breakdown by Deployment
10.1.3.3.3 UK Consent Management Market Breakdown by End-use Industry
10.1.3.4 Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Russia Consent Management Market Breakdown by Component
10.1.3.4.2 Russia Consent Management Market Breakdown by Deployment
10.1.3.4.3 Russia Consent Management Market Breakdown by End-use Industry
10.1.3.5 Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.5.1 Rest of Europe Consent Management Market Breakdown by Component
10.1.3.5.2 Rest of Europe Consent Management Market Breakdown by Deployment
10.1.3.5.3 Rest of Europe 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 Crownpeak Technology Inc
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 International Business Machines Corp
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 OneTrust 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
12.5 Piwik PRO LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rakuten Marketing LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Didomi SAS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Cassie (Syrenis Ltd)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.8.7 Key Initiatives
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Europe Consent Management Market Segmentation
Table 2. Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Europe consent management market Revenue and Forecasts to 2030 (US$ Million) – Deployment
Table 5. Europe consent management market Revenue and Forecasts to 2030 (US$ Million) – End-use Industry
Table 6. France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 7. France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 8. France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 9. France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 10. Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 12. Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 13. Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 14. UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 15. UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 16. UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 17. UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 18. Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 19. Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 20. Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 21. Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 22. Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 23. Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 24. Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 25. Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End-use Industry
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Consent Management Market Segmentation, By Countries
Figure 2. Ecosystem: Europe Consent Management Market
Figure 3. Europe Consent Management Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Consent Management Market Revenue (US$ Million), 2022 & 2030
Figure 6. Europe 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. Europe 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. Europe 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. Europe Consent Management market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. France Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Italy Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. UK Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. Russia Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Rest of Europe Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe Consent Management Market
o Consentmanager AB
o Crownpeak Technology Inc
o IBM
o OneTrust LLC
o PIWIK PRO LLC
o Rauten Marketing LLC
o Didomi SAS
o CASSIE
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