Dublin, July 27, 2020 (GLOBE NEWSWIRE) — The “Europe Data Protection-as-a-Service Market – Growth, Trends, Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com’s offering. The European data protection-as-a-Service market was valued at USD 1.51 billion in 2019 and expected to reach USD 3.81 billion by 2025, registering a CAGR of 17.41% during the forecast period of 2020-2025.The factors driving the European market for data protection-as-a-service are increased focus on third-party risk management coupled with stringent regulations such as GDPR prompting the adoption of data protection solutions. Many Europe-based market vendors are also innovating their product offerings by penetrating various industries, to gain competitive advantage, further contributing to the growth of the market.Key Highlights
Market TrendsBFSI Industry Expected to Grow at a Significant Rate
United Kingdom Expected to Hold a Significant Share
Competitive LandscapeThe Europe data protection-as-a-service market is moderately competitive and consists of several significant players. These players account for a substantial share in the market and are focusing on expanding their customer base across the European region. These vendors are focusing on the research and development investment to introduce new solutions, strategic alliances, and other organic & inorganic growth strategies to capture a significant share over the forecast period. Some recent industry developments include:
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