ICT Industry Reports

According to TechSci Research,  Global consent management market is expected to grow at a CAGR of over 20% during the forecast period. Growth in the market can be ascribed to increasing awareness pertaining to data compliance regulations and increased cyber-attacks. On account of increased internet penetration, large amount of data is stored on cloud or third-party applications, which can result in data breaching, driving the consent management market, globally. Consent management platforms safeguards information or data of the user by asking the user for consent for sharing of information with websites. In 2020, European Union enacted General Data Protection Regulation (GDPR) regulation for the collection, storage and sharing of consumer data with companies, which is positively influencing the growth of the market.    The major challenge for global consent management is changing regulatory landscape and presence of open source consent management software vendors. Additi...