The Global Privacy Filters Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The Privacy Filters Market was valued at USD 430.32 million in 2019 and is expected to reach USD 1134.77 million by 2025, at a CAGR of 17.54% over the forecast period 2020 – 2025.
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Key Market Players: 3M Company, followed by Akamai Technologies, Targus Inc., Tech Armor, and DMC Co. Ltd.
Key Market Trends
Rising Data Privacy and Security Concerns is the Driving Force for the Privacy Filters Market
– In the current working culture where electronic devices have become a critical part of work, it has become easier than ever to view private, sensitive, and confidential information in open offices and mobile workspaces. It has thus become essential to safeguard the workspace and block unwanted views.
– In the finance domain, customer data is the most critical resource and protecting it is crucial to risk areas for the financial sector, including visual hacking.
– The Healthcare sector manages sensitive patient information. It is essential to ensure privacy protection in hospitals, clinics, and medical practices.
– Further, the increase in online exams replacing the traditional paper-based exams highlights the growing issues this sector faces with protection on-screen information.
– Moreover, people should use the privacy filter in forms of anti-virus, safeguards, etc. that can prevent data theft and data breaches.
– As organizations worldwide are increasingly following the GDPR guidelines, they focus more on data privacy concerns, which will positively impact market growth. A Cisco’s study on data privacy survey of around 3200 security professionals in 18 countries suggests the majority of them implement GDPR rules.
North America to Have Significant Market Share
– North America is expected to command a prominent share of the global demand owing to the presence of major economies such as the United States and Canada. Both countries boast a large percentage of businesses that use mobile devices in the workspace(BYOD policy), which attracts a significant demand.
– The region is home to one of the largest markets for laptops, desktops, tablets, and smartphones; enterprises operating in the region are increasingly spending on digitalization of their businesses.
– Apart from this, businesses operating in the region are increasingly spreading their presence across the world, owing to which there are a significant number of business travelers that work while they travel. For instance, according to the US Travel Association, in 2019, 470.4 million business travelers traveled via air, and this number is expected to reach 493.7 million by 2022.
– Moreover, the region also faces a significant share of data breaches and security threats. Owing to this, enterprises, as well as governments, are increasingly spending on data security. In 2020, the estimated budget for the US government for cybersecurity in USD 18.79 billion, according to the US Office of Management and Budget.
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The market factors explained in the report:
Market Overview: It includes Privacy Filters Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Privacy Filters Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Privacy Filters Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Privacy Filters Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Privacy Filters Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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