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OneTrust Ranks #1 in Market Share Report on Privateness Software program

As belief stays a key enterprise differentiator, OneTrust leads the marketplace for the third consecutive yr

ATLANTA, Sept. 22, 2022 /PRNewswire/ — OneTrust, the market-defining chief for belief intelligence, “owns the market” for the third consecutive yr in response to IDC’s Worldwide Information Privateness Compliance Software program Market Shares report, launched in August 2022.1 The report highlights OneTrust’s continued class management, as OneTrust leads the market with 29.7% share, greater than twice the share of the closest competitor. OneTrust additionally grew 73% sooner year-over-year than the remainder of the market.

In response to IDC, “Belief continues to be a differentiator for enterprise and an space of ​​funding. Privateness is a key pillar of belief and the tailwinds of belief funding gasoline this market.”

“Main the marketplace for the third consecutive yr is a testomony to our unimaginable clients and group,” stated Ojas Rege, Normal Supervisor of the Privateness and Information Governance Cloud at OneTrust. “Privateness is the central pillar of belief, and belief is more and more a aggressive differentiator for our clients.”

In response to IDC’s report, the info privateness administration software program market noticed hovering development in 2021 (26.4% yoy) amid continued growth of information privateness regulatory regimes worldwide. In 2023, privateness regulation will cowl much more residents as 5 United States state legal guidelines are set to enter impact: the California Privateness Rights Act (CPRA), the Virginia Client Information Safety Act (CDPA), the Connecticut Information Privateness Act (CTDPA), the Colorado Privateness Act (CPA), and the Utah Client Privateness Act (UCPA). Quickly, extra organizations than ever might want to adjust to stricter and wider-reaching necessities for amassing and processing private information.

Rege continued, “2023 might be a yr of intensive regulatory growth. At OneTrust, we’ll assist our clients navigate this advanced patchwork of legal guidelines and necessities via the innovation of our Belief Intelligence Platform and the unequalled area experience of our privateness professionals.”

“Privateness continues to shift, evolve, and mature as privateness rules change into common. Whereas the rules might be cumbersome for enterprises, they’re equally as unwieldy for regulators. Enforcement can solely cowl a lot. Expertise suppliers want to concentrate to regulatory focus and allow their shoppers to guard these most weak areas,” stated Ryan O’Learyanalysis director, Privateness and Authorized Expertise at IDC.

As extra of the world adopts information privateness rules and other people demand larger management of their information, organizations have a crucial alternative to construct belief and ship extra beneficial experiences. The OneTrust Privateness and Information Governance Cloud is the one platform to operationalize compliance with privateness legal guidelines across the globe. In a single place, OneTrust presents privateness and information governance automation to assist organizations higher perceive their information throughout the enterprise, meet regulatory necessities, operationalize threat mitigation, and supply transparency and option to people.

About OneTrust
As society redefines threat and alternative, OneTrust empowers tomorrow’s leaders to succeed via belief and influence with the Belief Intelligence Platform. The market-defining Belief Intelligence Platform from OneTrust connects privateness, GRC, ethics, and ESG groups, information, and processes, so all firms can collaborate seamlessly and put belief on the middle of their operations and tradition by unlocking their worth and potential to thrive by doing what’s good for folks and the planet.

Study extra at OneTrust.com.

1 IDC, Worldwide Information Privateness Compliance Software program Market Shares, 2021: OneTrust Nonetheless Owns the Market Regardless of Shift Left (doc. #US49519721, August 2022)

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