How much do companies around the world spend each year on data privacy services to fix the problems we read about in the headlines every day? Nobody as far as I can tell has published an answer to this question. So this month I set out to pull together the best available data points on the market.

What did I find out?

The first discovery was that you need to define what you’re estimating. Because no one before Computerworld has sized up the privacy sector, that task falls to us.

Defining the market

For starters, I think three segments comprise the sector: privacy advisory services, privacy operations and security of personal information.

The privacy advisory market includes what law firms and consultancies do: help organizations identify their privacy risk and compliance gaps, build their privacy programs and defend against privacy legal claims.
The privacy operations market includes what software and managed services firms do to help govern a privacy program: governance risk and compliance software; subscriptions for privacy training, news and information; privacy seals; and platforms for harmonizing privacy opt-ins and opt-outs.
The personal-data security market includes the tools and technologies used to protect the confidentiality of personally identifiable information (PII), such as encryption, masking and content scanning.

Read the Full Article: Source – CSO Online
Browsing Privacy: (CSO Online) – Global privacy advisory market topping $3B

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