Find stats on top websites
Industry Landscape
The data privacy consulting industry is experiencing significant growth, driven by evolving global data protection regulations like GDPR, CCPA, and others. Organizations across all sectors increasingly require specialized expertise to navigate complex legal frameworks, manage data risks, and maintain consumer trust. The demand for outsourced DPO services, compliance audits, and tailored training remains high, particularly as enforcement actions and fines increase. The industry is dynamic, requiring consultants to stay abreast of legal changes and technological advancements in data handling and security.
Total Assets Under Management (AUM)
Data Privacy and Protection Market Size in Ireland
~Approximately $250-300 million USD (estimated for Ireland in 2023)
(15-20% CAGR)
- Increased regulatory scrutiny and enforcement.
- Growing awareness of data breaches and cyber threats.
- Demand for specialized consulting and outsourced services.
Total Addressable Market
Approximately $500 million
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Privacy-Enhancing Technologies (PETs)
PETs, such as homomorphic encryption and differential privacy, allow for data analysis and computation while preserving underlying data privacy, enabling secure data sharing and collaboration.
AI-Powered Compliance Tools
Artificial intelligence and machine learning can automate the identification of personal data, streamline data mapping, and flag potential compliance risks, reducing manual effort and human error.
Distributed Ledger Technology (DLT) for Data Provenance
Blockchain and DLT can create immutable records of data processing activities, enhancing transparency and accountability for GDPR compliance and audit trails.
Impactful Policy Frameworks
Digital Services Act (DSA) (2024)
The Digital Services Act aims to create a safer digital space by setting out rules for online platforms and services regarding content moderation, transparency, and accountability.
The DSA will increase compliance obligations for online service providers handling EU user data, requiring enhanced data governance and potentially new types of privacy impact assessments.
Digital Markets Act (DMA) (2024)
The Digital Markets Act targets large online 'gatekeepers' to ensure fair and open digital markets, restricting their ability to engage in anti-competitive practices, particularly concerning data usage.
The DMA will impact how large online platforms collect and use personal data for commercial purposes, potentially driving demand for services that help businesses navigate data-sharing restrictions with gatekeepers.
Data Act (2023)
The Data Act establishes new rules on who can access and use data generated by connected products or related services, aiming to foster a fair data economy.
The Data Act will introduce new data sharing obligations and rights, creating complexities for businesses in various sectors regarding data access and interoperability, leading to new compliance needs.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
