Europe Consent Management Market Growth and Forecast by 2027

The consent management market in Europe was valued at US$ 121.0 million in 2019 and is projected to reach US$455.8 million in 2027; it is expected to grow at a CAGR of 18.5% from 2020 to 2027.

Europe comprises of highly developed economies and is affecting positively for the market, as businesses are open to adopt new emerging technologies. This enables them to spend more on the attainment of skilled laborers and efficient business processes. Additionally, as the purchasing power of individuals is quite high, the competition to provide them with the best solution is also high, which influences the industries to implement effective strategies. Approximately 80% of Europe’s population is a mobile device user and attains more than 90% of internet penetration. This makes it an opportunistic market for the consent management software developers. Further, the countries in Scandinavia are considered to be the most digitalized across the globe. The robust digital infrastructure and increasing access to public data help in creating a lucrative platform for enhancing digital privacy and developing new standards and norms for the ownership of private data.

In Europe, UK, Spain, and Italy are worst-hit countries by the coronavirus outbreak. As UK, Spain, Italy, and Germany recorded the highest number of confirmed coronavirus cases and the number of deaths on a daily basis are growing at an alarming rate. The entire region has reported 2,434, 184 positive cases and 188,779 deaths as per the report released by WHO of 16June, 2020. The region is suffering tremendous economic loss due to a limited revenue generation from various industries and supply chain disruptions.

The General Data Protection Regulation (GDPR) was among other several EU legal acts that were incorporated into the EEA Agreement by the EEA Joint Committee. The National legislation in each EEA EFTA State as per the regulation has to be amended in accordance with the GDPR before the act can take effect in the EEA Agreement. The obligatory demand for compliance of all the three states of EEA-EFTA is expected to influence the Europe consent management market. 

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

Europe Consent Management Market Segmentation

Europe Consent Management Market, by Solution

• Solutions
• Services

Europe Consent Management Market, by Deployment

• Cloud
• On-Premise

Europe Consent Management Market, by End-User

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

Europe Consent Management Market, by Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Europe Consent Management Market-Companies Mentioned

• Consentmanager.net
• Crownpeak Technology, Inc.
• IBM Corporation  
• Trustarc Inc.      
• ONETRUST, LLC  
• PIWIK PRO         
• RAKUTEN ADVERTISING 
• CYBOT

Europe Consent Management Report Scope