500 and the category-defining enterprise platform to operationalize trust, today announced it has been ranked #1 for 2020 market share in the IDC Market Share report on Data Privacy Management Software.
In the report, IDC highlights that “OneTrust is leading the market outright and is showing no signs of slowing down or stopping,” with 40.2% of the total market share, more than all other named vendors combined.
The IDC MarketScape report evaluates privacy management software vendors based on strategies, and capabilities.
“Despite the prognostications of doom and gloom for the global economy in March-April of 2020, the worldwide data privacy market grew 46.1% in 2020.
The IDC MarketScape report evaluates 13 key categories, discussing market dynamics, and the competitive landscape, as well as sharing a quantitative assessment of the market’s vendors.
The IDC MarketScape report notes, “OneTrust has had a meteoric rise since its founding in 2016…
“To lead in privacy, a technology needs to have deep privacy expertise, research capabilities, and customer satisfaction.
IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared.
About OneTrust OneTrust is the #1 fastest-growing company on Inc.
OneTrust has raised a total of $920 million in funding at a $5.3 billion valuation from Insight Partners, Coatue, TCV, SoftBank Vision Fund 2, and Franklin Templeton.