A survey conducted in April and May 2023 revealed that around 35 percent of organizations in the United States and 40 percent of organizations in the United Kingdom pay higher costs for international data transfers due to data privacy regulations, but they also find it manageable. Furthermore, approximately 35 percent of respondents from both countries think the regulations encourage businesses by guaranteeing that the data will be safeguarded in other countries.
Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023
Characteristic
U.S.
UK
Regulations add extra costs but are managable
35%
40%
Regulations encourage international business by providing assurance that data will be treated properly in their countries
33%
34%
No impact
15%
16%
Regulations are major impediment to cross-border business
representatives of companies; organizations may have headquarters in several countries worldwide
Supplementary notes
The original question was phrased by the source as follows: "Which of the following best describes the impact that you feel privacy regulations have on your organization’s ability to transfer data internationally and to conduct business across borders?"
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Womble Bond Dickinson. (July 18, 2023). Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/
Womble Bond Dickinson. "Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023." Chart. July 18, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/
Womble Bond Dickinson. (2023). Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/
Womble Bond Dickinson. "Impact of Consumer Data Privacy Laws on The Ability of Organization in The United States and United Kingdom (Uk) to Transfer Data Internationally as of May 2023." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/
Womble Bond Dickinson, Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023 Statista, https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/ (last visited August 24, 2024)
Impact of consumer data privacy laws on the ability of organization in the United States and United Kingdom (UK) to transfer data internationally as of May 2023 [Graph], Womble Bond Dickinson, July 18, 2023. [Online]. Available: https://www.statista.com/statistics/1403400/us-uk-firms-transfer-data-internationally-impact-law/
