South & Central America Consent Management Market Forecast to 2030 - Regional Analysis - by Component (Solution and Services), Deployment (On-premises and Cloud-based), and End-use Industry (Retail, Government, IT and Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others)
The South & Central America consent management market was valued at US$ 29.80 million in 2022 and is expected to reach US$ 104.55 million by 2030; it is estimated to grow at a CAGR of 17.0% from 2022 to 2030.
Rising Need for AI in Consent Management Boosts South & Central America Consent Management Market.
With the rise of artificial intelligence (AI) and its increasing use in various industries, the need to integrate Al, particularly to ensure GDPR compliance, is increasing. Using AI in consent management can help automate various processes, such as data collection, storage, and analysis. It also has the potential to streamline the compliance process and make it more efficient, which can further help reduce the risk of human error. For example, the technology can be used to identify and flag sensitive data, helping organizations keep track of their data assets and avoid breaches. Moreover, AI can be used to ensure that data is processed as per the GDPR. For instance, AI can be programmed to help ensure that only the minimum necessary data is processed, and further, the data will be erased when no longer needed. This will help organizations avoid penalties and fines resulting from GDPR non-compliance.
South & Central America Consent Management Market Overview
The consent management market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The region has witnessed a shift toward connected devices in the past few years due to the growing penetration of mobile networks and smartphones in countries such as Brazil, Chile, and Argentina. This is increasing the use of online platforms among the citizens. As a result, individuals are sharing personal information, thereby raising the concern about privacy protection. To cater to this, the government of Brazil has implemented the General Personal Data Protection Law (LGPD). The law is applied to any individual or legal entity, including the government, which is working on processing the personal data of the population of Brazil. The law is implemented to protect the fundamental rights of freedom and privacy and the free development of the personality of the people. Thus, the implementation of such data protection and privacy regulations is expected to propel the growth of the consent management market in South & Central America during the forecast period.
Furthermore, with the growing adoption of data protection and privacy regulations, various global market players are expanding their business in South & Central America to help different companies to implement the regulations. For instance, in September 2020, OneTrust announced the expansion of its operations, support, and services in Brazil to support Brazilian customers and companies to comply with the LGPD. Hence, all the above factors are expected to fuel the growth of the consent management market in the region during the forecast period.
South & Central America Consent Management Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Consent Management Market Segmentation
The South & Central America consent management market is segmented based on component, deployment, end-use industry, and country.
In terms of component, the South & Central America consent management market is bifurcated into solution and services. The solution segment is further divided into preference management and cookie management. The solution segment held a larger share in 2022.
Based on deployment, the South & Central America consent management market is bifurcated into on-premises and cloud-based. The cloud segment held a larger share in 2022.
By end-use industry, the South & Central America consent management market is segmented into retail, government, IT and telecom, BFSI, healthcare, education, media & entertainment, and others. The BFSI segment held the largest share in 2022.
Based on country, the South & Central America consent management market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America consent management market in 2022.
Consentmanager AB, IBM, OneTrust LLC, and Rauten Marketing LLC are some of the leading companies operating in the South & Central America consent management market.
Rising Need for AI in Consent Management Boosts South & Central America Consent Management Market.
With the rise of artificial intelligence (AI) and its increasing use in various industries, the need to integrate Al, particularly to ensure GDPR compliance, is increasing. Using AI in consent management can help automate various processes, such as data collection, storage, and analysis. It also has the potential to streamline the compliance process and make it more efficient, which can further help reduce the risk of human error. For example, the technology can be used to identify and flag sensitive data, helping organizations keep track of their data assets and avoid breaches. Moreover, AI can be used to ensure that data is processed as per the GDPR. For instance, AI can be programmed to help ensure that only the minimum necessary data is processed, and further, the data will be erased when no longer needed. This will help organizations avoid penalties and fines resulting from GDPR non-compliance.
South & Central America Consent Management Market Overview
The consent management market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The region has witnessed a shift toward connected devices in the past few years due to the growing penetration of mobile networks and smartphones in countries such as Brazil, Chile, and Argentina. This is increasing the use of online platforms among the citizens. As a result, individuals are sharing personal information, thereby raising the concern about privacy protection. To cater to this, the government of Brazil has implemented the General Personal Data Protection Law (LGPD). The law is applied to any individual or legal entity, including the government, which is working on processing the personal data of the population of Brazil. The law is implemented to protect the fundamental rights of freedom and privacy and the free development of the personality of the people. Thus, the implementation of such data protection and privacy regulations is expected to propel the growth of the consent management market in South & Central America during the forecast period.
Furthermore, with the growing adoption of data protection and privacy regulations, various global market players are expanding their business in South & Central America to help different companies to implement the regulations. For instance, in September 2020, OneTrust announced the expansion of its operations, support, and services in Brazil to support Brazilian customers and companies to comply with the LGPD. Hence, all the above factors are expected to fuel the growth of the consent management market in the region during the forecast period.
South & Central America Consent Management Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Consent Management Market Segmentation
The South & Central America consent management market is segmented based on component, deployment, end-use industry, and country.
In terms of component, the South & Central America consent management market is bifurcated into solution and services. The solution segment is further divided into preference management and cookie management. The solution segment held a larger share in 2022.
Based on deployment, the South & Central America consent management market is bifurcated into on-premises and cloud-based. The cloud segment held a larger share in 2022.
By end-use industry, the South & Central America consent management market is segmented into retail, government, IT and telecom, BFSI, healthcare, education, media & entertainment, and others. The BFSI segment held the largest share in 2022.
Based on country, the South & Central America consent management market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America consent management market in 2022.
Consentmanager AB, IBM, OneTrust LLC, and Rauten Marketing LLC are some of the leading companies operating in the South & Central America consent management market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET - KEY INDUSTRY DYNAMICS
5.1 Drivers
5.1.1 Growing Data Breaches Incidents Across Various Industries
5.1.2 Increasing Government Regulations and Norms for Data Protection
5.2 Market Restraints
5.2.1 Growing Adoption of Other Privacy Tools
5.3 Market Opportunities
5.3.1 Rising Need for AI in Consent Management
5.4 Market Trends
5.4.1 Integration of Blockchain Technology
5.5 Impact of Drivers and Restraints:
6. CONSENT MANAGEMENT MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Consent Management Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Consent Management Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - COMPONENT
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.1 Preference Management
7.1.2.1.1 Overview
7.1.2.1.2 Preference Management Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.2 Cookie Management
7.1.2.2.1 Overview
7.1.2.2.2 Cookie Management Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - DEPLOYMENT
8.1 On-premises
8.1.1 Overview
8.1.2 On-premises Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Cloud-based
8.2.1 Overview
8.2.2 Cloud-based Market Revenue and Forecasts to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - END-USE INDUSTRY
9.1 Government
9.1.1 Overview
9.1.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Retail
9.2.1 Overview
9.2.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
9.3 RIT and Telecom
9.3.1 Overview
9.3.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
9.4 BFSI
9.4.1 Overview
9.4.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.2 Education Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Media & Entertainment
9.7.1 Overview
9.7.2 Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. CONSENT MANAGEMENT MARKET - SOUTH & CENTRAL AMERICA COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America Consent Management Market Overview
10.1.2 South & Central America Consent Management Market Breakdown, by Key Country
10.1.3 South & Central America Consent Management Market Revenue and Forecasts and Analysis - By Countries
10.1.3.1 Brazil Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.1.1 Brazil Consent Management Market Breakdown by Component
10.1.3.1.2 Brazil Consent Management Market Breakdown by Deployment
10.1.3.1.3 Brazil Consent Management Market Breakdown by End-use Industry
10.1.3.2 Argentina Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Argentina Consent Management Market Breakdown by Component
10.1.3.2.2 Argentina Consent Management Market Breakdown by Deployment
10.1.3.2.3 Argentina Consent Management Market Breakdown by End-use Industry
10.1.3.3 Rest of South & Central America Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Rest of South & Central America Consent Management Market Breakdown by Component
10.1.3.3.2 Rest of South & Central America Consent Management Market Breakdown by Deployment
10.1.3.3.3 Rest of South & Central America Consent Management Market Breakdown by End-use Industry
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. COMPANY PROFILES
12.1 Consentmanager AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 International Business Machines Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 OneTrust LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rakuten Marketing LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET - KEY INDUSTRY DYNAMICS
5.1 Drivers
5.1.1 Growing Data Breaches Incidents Across Various Industries
5.1.2 Increasing Government Regulations and Norms for Data Protection
5.2 Market Restraints
5.2.1 Growing Adoption of Other Privacy Tools
5.3 Market Opportunities
5.3.1 Rising Need for AI in Consent Management
5.4 Market Trends
5.4.1 Integration of Blockchain Technology
5.5 Impact of Drivers and Restraints:
6. CONSENT MANAGEMENT MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Consent Management Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Consent Management Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - COMPONENT
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.1 Preference Management
7.1.2.1.1 Overview
7.1.2.1.2 Preference Management Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.2 Cookie Management
7.1.2.2.1 Overview
7.1.2.2.2 Cookie Management Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - DEPLOYMENT
8.1 On-premises
8.1.1 Overview
8.1.2 On-premises Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Cloud-based
8.2.1 Overview
8.2.2 Cloud-based Market Revenue and Forecasts to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA CONSENT MANAGEMENT MARKET ANALYSIS - END-USE INDUSTRY
9.1 Government
9.1.1 Overview
9.1.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Retail
9.2.1 Overview
9.2.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
9.3 RIT and Telecom
9.3.1 Overview
9.3.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
9.4 BFSI
9.4.1 Overview
9.4.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.2 Education Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Media & Entertainment
9.7.1 Overview
9.7.2 Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. CONSENT MANAGEMENT MARKET - SOUTH & CENTRAL AMERICA COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America Consent Management Market Overview
10.1.2 South & Central America Consent Management Market Breakdown, by Key Country
10.1.3 South & Central America Consent Management Market Revenue and Forecasts and Analysis - By Countries
10.1.3.1 Brazil Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.1.1 Brazil Consent Management Market Breakdown by Component
10.1.3.1.2 Brazil Consent Management Market Breakdown by Deployment
10.1.3.1.3 Brazil Consent Management Market Breakdown by End-use Industry
10.1.3.2 Argentina Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Argentina Consent Management Market Breakdown by Component
10.1.3.2.2 Argentina Consent Management Market Breakdown by Deployment
10.1.3.2.3 Argentina Consent Management Market Breakdown by End-use Industry
10.1.3.3 Rest of South & Central America Consent Management Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Rest of South & Central America Consent Management Market Breakdown by Component
10.1.3.3.2 Rest of South & Central America Consent Management Market Breakdown by Deployment
10.1.3.3.3 Rest of South & Central America Consent Management Market Breakdown by End-use Industry
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. COMPANY PROFILES
12.1 Consentmanager AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 International Business Machines Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 OneTrust LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rakuten Marketing LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 Word Index
