This IDC study examines the impact of the EU's General Data Protection Regulation (GDPR) on the adoption of IT security and storage products and services in Europe. Likely to come into effect in 2016, the GDPR is a step in the right direction as it removes the complexities businesses currently face around complying with multiple local data protection regulations in Europe. It also makes the European data protection regulations fit and relevant to the new cloud, mobile, social, and collaborative era of business and removes barriers to market entry. IDC believes that there will be a measurable increase in the adoption of some security and storage products and services that will specifically assist enterprises pursuing compliance with this new regulation.
When the final text is agreed upon by all decision-making parties, there will be a period of 24 months before the regulation comes into force. This gives everyone two years to introduce the processes (and technologies, if necessary) to become compliant. The GDPR is likely to have a substantial impact on many areas of a firm's business operations. "The GDPR changes the game for any company dealing in personal data of EU citizens," said Duncan Brown, research director, IDC European Security. "Firms will struggle to be compliant in two years without the assistance of technology, so we expect a major boost in security and storage sales in areas supporting compliance."
Archiving software, Data protection and recovery software, Encryption toolkits, Endpoint security, Governance, risk and compliance infrastructure, Intrusion detection and prevention, Network security, Storage management software, Virtualization