Reports
Sale
Global Compliance Management Software Market Size, Share: By Software Type: Regulatory Compliance Management, Corporate Compliance Management, Others; By Deployment Type: On-Premises, Cloud; By Organisation Size: Small and Medium Enterprises, Large Enterprises; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Compliance Management Software Market Outlook
The global compliance management software market size is projected to grow at a CAGR of 11.2% between 2024 and 2032.
Key Takeaways:
- As per the International Trade Administration, Canada has a strong technology sector with 43,200 ICT companies, mostly in software and computer services.
- The European Union's rise in ICT service exports, as per the World Bank, drives the global compliance management software market growth. This software ensures compliance with IT security, data protection, availability, and integrity, with a growth rate of 18.3% in 2021.
- The market development is on the rise, propelled by the increasing adoption of IoT in sectors like IT & telecom, retail, and healthcare.
Compliance management software aids businesses in creating and executing compliance programs. It consists of integrated components like documents, functions, processes, controls, and tools to ensure legal adherence and consumer protection.
This software continuously tracks monitors, and audits business processes for alignment with laws, policies, and consumer/business partner standards. It manages risk and compliance centrally in an ARIS repository, promoting transparency, efficiency, and control.
The World Bank reported an increase in ICT service exports within the European Union, leading to the global compliance management software market growth. This software identifies necessary compliance standards for IT security, data protection, availability, and integrity.
Key Trends and Developments
The global compliance management software market is supported by a range of factors including regulatory compliance, risk management needs, advancements in technology, and data governance.
November 2023
KFin Technologies Limited launched Guardian, an advanced platform for trade reporting and compliance management, bolstering defences against trade failures and enhancing communication among stakeholders.
November 2023
COMPLY, released COMPLY Program Management and Annual Review Service. This solution meets increased regulatory demands, offering comprehensive compliance resources.
September 2023
symplr®, a prominent healthcare operations software provider, unveiled symplr Survey Management software, integral for health system risk assessment programs, promoting compliance culture through specialized tools in a secure setting.
July 2023
Vendict, a startup headquartered in Tel Aviv, revealed its emergence from stealth mode with $9.5 million in funding. They introduced the world's inaugural generative AI software tailored for security and compliance teams.
Regulatory compliance
The global compliance management software market growth is expanding due to the demands of regulatory compliance. Companies face intricate requirements like GDPR, HIPAA, and SOX, prompting the use of software to ensure adherence, and data security, and minimize risks of violations and fines.
Risk management
As per the global compliance management software market analysis, companies' growing emphasis on data and system security leads to the increased adoption of compliance software. This technology provides tools to identify and manage risks, ensuring strong protection for data and systems.
Data governance
Organizations with established data governance programs outperform those without during critical periods. This underscores the necessity for a data governance solution, ensuring formal, accurate, proactive, and efficient management of information assets across the enterprise. This shift directly emphasizes compliance data management processes.
Technological advancements
The global compliance data management software market development is boosted by the adoption of IoT in various sectors such as IT & telecom, retail, and healthcare. Additionally, the increasing adoption of cloud-based systems and advancements like the emergence of 5G technologies will likely create avenues for the expansion of compliance management software in the foreseeable future.
Global Compliance Management Software Market Trends
The need for EDM (enterprise data management) is rising, driven by the ability of compliance data management to extract meaningful insights from unstructured or redundant data. EDM streamlines data management across organizational departments, meeting the increasing priority of securing accurate, timely information.
As per the global compliance management software market report, this solution facilitates seamless interaction with consuming applications, data governance, improved transparency, and compliance with evolving regulations, benefiting numerous enterprises and businesses.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Segmentation
Global Compliance Management Software Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Software Type
- Regulatory Compliance Management
- Corporate Compliance Management
- Others
Market Breakup by Deployment Type
- On-Premises
- Cloud
Market Breakup by Organisation Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End Use
- ICT
- Construction and Engineering
- Mining
- Retail
- Healthcare
- Transportation and Logistics
- General Manufacturing
- BFSI
- Media and Entertainment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The regulatory compliance management segment is expected to boost the global compliance management software market
The widespread adoption of regulatory compliance management in organizations stems from its facilitation of effective compliance strategies. It simplifies the management and organization of governing requirements, ensuring comprehensive and efficient compliance practices.
Corporate Compliance Management is integral for firms, ensuring adherence to applicable rules, regulations, and policies across all business facets. It typically encompasses designing, implementing, and monitoring practices, procedures, and training protocols.
Based on deployment type, the global compliance management software market share is led by cloud-based model
Cloud-based compliance management frameworks streamline security operations in the cloud, efficiently meeting enterprise business objectives.
The on-premises approach is a traditional method where all devices are set up locally. This segment offers complete software control since all sensitive data is stored internally, eliminating the risk of exposure to third parties.
Small and medium enterprises hold a significant share of the global compliance management software market
Medium enterprises frequently need effective compliance solutions to manage risk challenges efficiently. Tailored compliance platforms for this segment strike a balance between comprehensive functionality and scalability, addressing specific needs.
Large enterprises use a framework for risk assessment and management to anticipate potential pitfalls. This proactive risk management is crucial for large organizations facing significant risk impacts. Laws and regulations are constantly evolving.
The telecom and IT sectors contribute significantly to the global compliance management software market growth by adhering to diverse regulations established by regulatory bodies, thereby mitigating penalties and legal consequences.
Telecommunications and IT encompass a broad-spectrum including data privacy, consumer protection, network security, and fair competition.
BFSI-specific compliance solutions feature specialized modules targeting distinctive challenges such as anti-money laundering (AML) regulations, data privacy, and financial reporting standards within the industry.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
The competition in the global compliance management software market is characterized by a growing number of solutions being offered to mitigate the risks for enhanced organizational visibility.
CyberOne LLC specializes in cybersecurity, enhancing consumer security capabilities cost-effectively with top-tier products and a comprehensive service focus. Collaborating closely with clients, the company implements and aligns long-term security strategies.
Wolters Kluwer N.V. is a global provider of software solutions, services, and professional information, serving diverse clients such as accountants, lawyers, and clinicians. They assist in compliance, finance, tax, legal, and healthcare, aiming to make a significant impact on people's health, prosperity, and societal safety.
Navex Global, Inc. stands as the leader in global integrated solutions for risk and compliance management software and services. By linking departments, disparate data silos, and business units, it offers contextual insights into business and regulatory risks, enhancing visibility across the entire organization.
Quantivate, LLC (NContracts) delivers a comprehensive suite of governance, risk, and compliance management solutions globally. These include compliance management, enterprise risk management, IT risk management, vendor management, internal audit, complaint management, policy & document management, and issue management for organizations worldwide.
Other key players in the global compliance management software market are MetricStream Inc., Ascent regTech (Edgewater Equity Partner), Proind, Alcumus Group Limited, Integration Appliance, Inc., Orion Advisor Solutions, Inc. among others.
Global Compliance Management Software Market Analysis by Region
As per the global compliance management software market analysis, the North American region is experiencing substantial growth due to the increasing demand for solutions ensuring protection from regulatory scrutiny and the threat of cyberattacks. This trend is expected to continue throughout the forecast period.
According to the International Trade Administration, Canada boasts a robust homegrown technology sector with over 43,200 companies in the ICT sector, primarily in software and computer services. The Government of Canada stands as the largest purchaser of ICT goods and services in the country, spending approximately $5 billion annually.
The Asia Pacific region is poised for growth in the coming years, driven by the expanding IT industry. Other factors fuelling the regional market include increased investments across the IT and manufacturing sectors in emerging economies such as India and China.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Software Type |
|
| Breakup by Deployment Type |
|
| Breakup by Organisation Size |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Compliance Management Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Compliance Management Software Market Historical (2018-2023)
8.3 Global Compliance Management Software Market Forecast (2024-2032)
8.4 Global Compliance Management Software Market by Software Type
8.4.1 Regulatory Compliance Management
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Corporate Compliance Management
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Compliance Management Software Market by Deployment Type
8.5.1 On-Premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Compliance Management Software Market by Organisation Size
8.6.1 Small and Medium Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Large Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Compliance Management Software Market by End Use
8.7.1 ICT
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Construction and Engineering
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Mining
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Retail
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Healthcare
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Transportation and Logistics
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 General Manufacturing
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 BFSI
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Media and Entertainment
8.7.9.1 Historical Trend (2018-2023)
8.7.9.2 Forecast Trend (2024-2032)
8.7.10 Others
8.8 Global Compliance Management Software Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Compliance Management Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Compliance Management Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Compliance Management Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Indonesia
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Vietnam
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Australia
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Others
12 Latin America Compliance Management Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Middle East and Africa Compliance Management Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 CyberOne LLC
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 MetricStream, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Wolters Kluwer N.V.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Navex Global, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Quantivate, LLC (NContracts)
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Ascent RegTech (Edgewater Equity Partner)
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Proind
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Alcumus Group Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Integration Appliance, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Orion Advisor Solutions, Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Compliance Management Software Market: Key Industry Highlights, 2018 and 2032
2. Global Compliance Management Software Historical Market: Breakup by Software Type (USD Million), 2018-2023
3. Global Compliance Management Software Market Forecast: Breakup by Software Type (USD Million), 2024-2032
4. Global Compliance Management Software Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global Compliance Management Software Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global Compliance Management Software Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7. Global Compliance Management Software Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8. Global Compliance Management Software Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Compliance Management Software Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Compliance Management Software Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Compliance Management Software Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Compliance Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Compliance Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Compliance Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Compliance Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Compliance Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Compliance Management Software Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 11.2% between 2024 and 2032.
The market demand is supported by a range of factors including regulatory compliance, risk management needs, advancements in technology, and data governance.
The market is categorised according to its software types, which include regulatory compliance management, corporate compliance management and others.
The market's key players are CyberOne LLC, Wolters Kluwer N.V., Navex Global, Inc., Quantivate, LLC (NContracts), MetricStream Inc., Ascent regTech (Edgewater Equity Partner), Proind, Alcumus Group Limited, Integration Appliance, Inc., Orion Advisor Solutions, Inc. among others.
Based on the deployment type, the market is divided into on-premises and cloud.
The major market areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on the industry, the end use is divided into ICT, construction and engineering, mining, retail, healthcare, transportation and logistics, general manufacturing, BFSI, media and entertainment and others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER