Asia Pacific Consent Management Market Analysis, Size, and Share by 2027

The consent management market in APAC was valued at US$ 63.45 million in 2019 and is projected to reach US$ 281.96 million by 2027; it is expected to grow at a CAGR of 20.9% from 2020 to 2027.

The advancement in technology is growing at a higher pace. Almost 60% of the world’s population lives in the Asia Pacific region, which majorly face concerns related to data privacy. Countries in Asia Pacific region are reevaluating the policies and procedures of data protection. For instance, in Australia, the laws for data breach reporting have become mandatory.In Singapore, a new set of laws for personal data protection were enacted.

Asia Pacific is the fastest growing region in the Asia pacific consent management market. The region has a growing economy which is leading to the growth of information technology sector and various other industries. The region consists of many developing countries which are witnessing a high growth in their information technology and telecommunication sector. The demand for data security and compliance across the region mainly in China, India, Singapore, and Hong Kong as a concern towards the protection of personal data of the employee as well as the customer in the organization is increasing. The continuous growth in the digitalization, as well as government initiatives for the protection of personal and confidential information across the region is leading towards the adoption of consent management among various organizations.

The COVID-19 is anticipated to cause huge disruptions in the Asia Pacific region. Asia pacific is a crucial region as massive number of industries beginning from banking to retail to healthcare and technology has their imprints. However, due to arrival of pandemic situation across the region caused from Wuhan (China) has caused disruptions in mentioned all industries and created a negative impact in their growth. Massive amount of data is generated through Asian countries including, India, China, Japan, Singapore, and more. Therefore, to ensure privacy of their data, GDPR is getting followed rigorously. This feature will support the large enterprises and gigantic industries to have strong hold on spending significant amount on the same. The mentioned aspect will help the consent management market to grow gradually from 202.

Rest of APAC Consent Management Market Revenue and Forecast to 2027 (US$ Mn)

APAC Consent Management Market Segmentation

APAC Consent Management Market, by Solution

• Solutions
• Services

APAC Consent Management Market, by Deployment

• Cloud
• On-Premise

APAC Consent Management Market, by End-User Industry

• Retail
• Government
• IT & Telecom
• BFSI
• Healthcare
• Education
• Media & Entertainment
• Others

APAC Consent Management Market, by Country

• China
• Japan
• South Korea
• India
• Australia
• Rest of APAC

APAC Consent Management Market-Companies Mentioned

• IBM Corporation 
• Trustarc Inc.         
• ONETRUST, LLC   
• PIWIK PRO            
• RAKUTEN ADVERTISING

Asia Pacific Consent Management Report Scope