Using the Internet for business is not new. But as people increasingly share personal data online-whether through online shopping, education, banking, bill payments, social media, or even navigating-the management of consent has become a buzzword that cannot be ignored. A Consent Management Platform (CMP) is a software compound that assists in collecting and managing personal statistics and consent under data defense laws and regulations. At its elemental level, consent management informs users about how companies collect and use data, and provides them with the ability to assent or decline such use. It can be a procedure, a system, a policy, or a set of guidelines, and managing compliance consent often involves implementing some best application.
The consent management market is valued at US$1,298 million in 2021. It is expected to grow at a CAGR of 9% through 2028. Among the various regions, North America will dominate the consent management market, increasing its share by 22.4% by 2028 as internet users become increasingly aware of the risks of sharing their personal information. Europe is expected to be the fastest-growing market for consent management until 2028.
To learn more about the technology used by websites to obtain legal consent from users to process their data, often through cookies and domain activity trackers, join the virtual summit on the Future of Consent Management for Business, featuring groundbreaking keynotes, case studies, and a superb selection of industry-leading speakers from around the world.
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