Burgeoning regulatory requirements protecting personal information and increased consumer interest in privacy rights have fostered a growth industry over the past few years.
The number of privacy technology companies leaped from 51 vendors just two years ago to 224 in 2019, according to a report issued by the International Association of Privacy Professionals. Apparently, these vendors are very much responding to a market need. Almost 33 percent of respondents to Compliance Week’s second annual technology survey, sponsored by Refinitiv, reported they are considering upgrading or implementing technology solutions around data privacy.
