Jay Cline, CIPP, writes for Computerworld about his investigation into the present and future of the software market for privacy governenance, risk and compliance (GRC) products. Based on growth in organizations like the IAPP and other benchmarks, Cline estimates the market to be around $1 billion and, he says, some entrepreneurs have noticed. In his investigation, Cline and research analyst Michael Lotti found that tools are emerging to help privacy professionals track and unify laws and regulations, integrate overlapping audits and assessments and maintain data inventory. Those using these products, writes Cline, are feeling "relief at having software to leverage existing staff, but also a sense of being overwhelmed by the Year One task of getting everything loaded into the tool and customized."
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