Privacy management software helps organizations securely manage personal data in compliance with privacy laws and regulations. It enables functions like consent management, data subject rights fulfillment, breach detection and reporting. The software allows users to get granular control over how personal data is collected, stored, accessed and utilized within an organization.

Privacy Management Software Market Growth awareness about data privacy and stricter regulations are fueling demand for privacy management solutions. Various industries like healthcare, financial services and e-commerce are aggressively adopting such software to ensure compliance.

Vendors are expanding their geographic presence and forging new partnerships to tap into international growth opportunities. For instance, BigID recently set up a new office in Ireland and also partnered with Slalom Consulting to cater to rising privacy needs in Europe.

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