In the midst of growing data regulation laws and compliance needs, some privacy compliance technology companies are attracting a slew of investments. Take for example, data privacy compliance company OneTrust raising $200 million and TrustArc announcing it secured $70 million last week.
But while it may be tempting to say a select few companies have cornered the data privacy market, competitors and observers say the variety and complexity of data privacy regulations makes no platform the single go-to company in the market. Likewise, lawyers’ legal expertise still makes them a valuable asset for understanding regulations.
