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Global Compliance Management Software Market Share, Size, Analysis: By Software Type: Regulatory Compliance Management, Corporate Compliance Management, Others; By Deployment Type: On-Premises, Cloud; By Organisation Size; By End Use; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2022-2027

Global Compliance Management Software Market Outlook 

The global compliance management software market is expected to grow at a CAGR of 11.2% between 2022 and 2027, driven by advancements in technology and needs for compliance.

 

News and Developments in the Market

  • In September 2022, Quantivate LLC, a leader in governance, risk, and compliance (GRC) software, announced a new collaboration with LexisNexis that offers compliance professionals with the necessary content to remain on the highest of constant regulatory changes.
  • In August 2022, NAVEX, announced substantial updates to RiskRate, its third-party risk screening and monitoring solution. RiskRate’s attentiveness is part of the NAVEX One platform suite of third-party risk management (TPRM) solutions. The enhancements announced propose new simplified third-party self-registration along with easier onboarding processes, as well as more accessible ultimate beneficial ownership (UBO) data.
  • In September 2021, MetricStream, a market leader in integrated risk management (IRM) and governance, risk, as well as compliance, announced its Environmental, Social, and Governance (ESG) product built on the company’s proven MetricStream Platform. The new product, MetricStream ESGRC, helps organisations to reduce environmental impact as well as demonstrate a commitment to social imperatives and implement robust governance policies.
  • In August 2021, the United States Securities and Exchange Commission (SEC) approved a new listing rule from the Nasdaq Stock Exchange (NSE) that requires all companies trading on Nasdaq to have at minimum two diverse directors on the board. This, as one of the initial official listing regulations cracking down on lack of diversity, is encouraging private as well as public sector companies to rethink their corporate culture and governance, both from a compliance and diversity standpoint. It has the potential to aid the compliance management software market.

 

Key Trends in the Market

Compliance management software is a program employed to constantly monitor, audit, and track, whether business procedures and processes are in accordance organisational policies and applicable laws. It is an integrated system containing written documents, processes, various functions, tools, and controls that aid an organisation in obeying legal requisites as well as preventing harm to company and customer interests.

 

  • The rising demand for the right talent to minimise cyber risks is likely to drive the compliance management software market growth across the globe due to the surging risk of cyber threats.
  • The increasing complexity of compliance, regulatory, and risk management environments in businesses are primary aspects that are expected to aid the market growth over the upcoming years.
  • The compliance management software market is likely to be driven by the increasing regulations implemented by governments around various business sectors support fair competition as well as responsible behaviour in the market and guard the rights of consumers.
  • The increasing adoption of cloud-based systems coupled with technological advancements like the introduction of 5G technologies are expected to create opportunities for the market expansion of compliance management software in the coming years.
  • There is an upsurge in the processing of huge volumes information among industries and rising access to IoT. Combined with surging investments from market players in research and development, these factors are encouraging trends enhancing the compliance management software market growth during the forecast period.

 

Market Analysis

Based on software type, the market can be segmented into regulatory compliance management, and corporate compliance management, among others. On the basis of deployment type, the market is bifurcated into on-premises and cloud. Based on the organisation size, the market is categorised into small and medium enterprises and large enterprises. Based on the end-use, it can be segmented into ICT, construction and engineering, mining, retail, healthcare, transportation and logistics, general manufacturing, BFSI, and media and entertainment, among others. The regional markets for the compliance management software market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global compliance management software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • CyberOne
  • MetricStream Inc.
  • Wolters Kluwer N.V.
  • Navex Global
  • Quantivate, LLC
  • Others

 

Market Share by Software Type

The regulatory compliance management segment is likely to dominate the compliance management software market share across the world. This is on account of its increasing usage in organisations as it facilitates any organisation’s compliance strategy. Further, it helps in easily managing, organising, and keeping up with governing requirements for comprehensive and efficient compliance. It also enables companies to be informed of the shifting scenario of regulatory policies across the world enabling them to adapt to meet the demand for new applicable environmental, health, and safety guidelines.

 

Market Share by Deployment Type

The on-premise segment is augmenting the compliance management software market share on account of its increase in adoption primarily among small and medium enterprises (SMEs). On-premise is a classical or traditional approach with all devices setup locally. The segment provides total control over the software because all sensitive data is stored within and there is no risk of exposing it to a third party. It also allows for more options for customisations. These aspects are expected to bolster the segment growth in the market across the globe.

 

Meanwhile, the cloud segment is expected to boost the compliance management software market growth over the upcoming years due to the increasing shift of companies toward the use of cloud-based solutions owing to the lower operational costs. The other key aspects expected to propel the segment growth in the market are its scalability, flexibility, and mobility. Cloud solutions are considered easy to maintain and upgrade as compared to other deployment types.

 

Market Share by Organisation Size

The demand for compliance management software is likely to grow in both segments for the large enterprises and small & medium enterprises as the software aids enterprises in adhering to stringent government regulations. The software further provides a variety of benefits to end-users like simplifying tracking regulations, automating compliance activities, and reducing operational costs, among others.

 

Also, the software timely notifies any upcoming risks along with aids the enterprises in managing risks linked associated with the industry. These factors are expected to propel the demand for the compliance management software market over the coming years.

 

Market Share by Region

Geographically, the North American region is holding significant growth in the compliance management software market share on account of the high presence of market players like Thomson Reuters, and Oracle Corporation, among others. With the surging need for solutions to assure protection from scrutiny of organised agencies and the risk of cyberattacks, the market growth of compliance management software is augmenting across the region during the forecast period.

 

The increasing demand for automation among organisations is leading to the development of risks linked to cybersecurity which is further supporting the demand for compliance management solutions. The United States is further holding substantial growth in the compliance management software market due to the presence of numerous start-ups and an increasing demand to manage the accessibility and flow of information in an organisation.

 

Meanwhile, the Asia Pacific region is expected to gain momentum over the upcoming years on account of the rising IT industry in the region. Other factors driving the regional market are the increase in investment across the IT industry as well as the manufacturing industry in various emerging economies like India and China.

 

Competitive Landscape

  • CyberOne is a devoted cybersecurity company that enhances the security abilities of consumers cost-efficiently. It also provides best-of-breed products to deliver a comprehensive solution while focusing on services. The company partners with its clients to execute and align their long-term security approach.
  • MetricStream Inc. offers solutions for regulatory compliance, risk management, quality management, and corporate governance. The company aims to empower organisations to change risk into strategic advantages.
  • Wolters Kluwer N.V. is a worldwide supplier of software solutions, services and professional information. It caters to a wide range of clients including to accountants, lawyers, and clinicians, helping with compliance, finance, taxes and accounting, legal, and health. The company aims to provide a deep impact when it matters most by protecting people’s health as well as prosperity while contributing to a safe society.
  • Navex Global is the global leader in integrated solution, risk, and compliance management software and services. It offers contextual insights into business as well as regulatory risks by connecting departments, disparate data silos, and business units to bring visibility to risks from within the entire organisation.
  • Quantivate, LLC offers a complete suite of governance, risk and compliance management solutions. They include compliance management, enterprise risk management, IT risk management, vendor management, internal audit, complaint management, policy & document management, and issue management to organisations all over the world.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Software Type
  • Deployment Type
  • Organisation Size
  • End Use
  • Region
Breakup by Software Type
  • Regulatory Compliance Management 
  • Corporate Compliance Management 
  • Others
Breakup by Deployment Type
  • On-Premises 
  • Cloud
Breakup by Organisation Size
  • Small and Medium Enterprises 
  • Large Enterprises
Breakup by End Use
  • ICT
  • Construction and Engineering
  • Mining
  • Retail
  • Healthcare  
  • Transportation and Logistics 
  • General Manufacturing
  • BFSI
  • Media and Entertainment 
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • CyberOne
  • MetricStream Inc.
  • Wolters Kluwer N.V.
  • Navex Global
  • Quantivate, LLC 
  • Others

 

*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 (2017-2021) 
    8.3    Global Compliance Management Software Market Forecast (2022-2027)
    8.4    Global Compliance Management Software Market by Software Type
        8.4.1    Regulatory Compliance Management 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Corporate Compliance Management 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Compliance Management Software Market by Deployment Type
        8.5.1    On-Premises 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Compliance Management Software Market by Organisation Size
        8.6.1    Small and Medium Enterprises 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Large Enterprises
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Compliance Management Software Market by End Use
        8.7.1    ICT
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Construction and Engineering
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Mining
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Retail
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Healthcare        
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Transportation and Logistics 
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2017-2021)
            8.7.6.3    Forecast Trend (2022-2027)
        8.7.7    General Manufacturing
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2017-2021)
            8.7.7.3    Forecast Trend (2022-2027)
        8.7.8    BFSI
            8.7.8.1    Market Share
            8.7.8.2    Historical Trend (2017-2021)
            8.7.8.3    Forecast Trend (2022-2027)
        8.7.9    Media and Entertainment 
            8.7.9.1    Market Share
            8.7.9.2    Historical Trend (2017-2021)
            8.7.9.3    Forecast Trend (2022-2027)
        8.7.10    Others
    8.8    Global Compliance Management Software Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021) 
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021) 
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021) 
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021) 
            8.8.4.3    Forecast Trend (2022-2027)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2017-2021) 
            8.8.5.3    Forecast Trend (2022-2027)
9    North America Compliance Management Software Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Compliance Management Software Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Spain
        10.5.1    Market Share
        10.5.2    Historical Trend (2017-2021) 
        10.5.3    Forecast Trend (2022-2027)
    10.6    Others
11    Asia Pacific Compliance Management Software Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    Indonesia
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    South Korea
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Vietnam
        11.6.1    Market Share
        11.6.2    Historical Trend (2017-2021) 
        11.6.3    Forecast Trend (2022-2027)
    11.7    Australia
        11.7.1    Market Share
        11.7.2    Historical Trend (2017-2021) 
        11.7.3    Forecast Trend (2022-2027)
    11.8    Others
12    Latin America Compliance Management Software Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Mexico
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Others
13    Middle East and Africa Compliance Management Software Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    South Africa
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    Others
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    CyberOne
            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
            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 
            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    Others
15    Key Trends and Developments in the Market


List of Figures and Tables

1.    Global Compliance Management Software Market: Key Industry Highlights, 2017 and 2027
2.    Global Compliance Management Software Historical Market: Breakup by Software Type (USD Million), 2017-2021
3.    Global Compliance Management Software Market Forecast: Breakup by Software Type (USD Million), 2022-2027
4.    Global Compliance Management Software Historical Market: Breakup by Deployment Type (USD Million), 2017-2021
5.    Global Compliance Management Software Market Forecast: Breakup by Deployment Type (USD Million), 2022-2027
6.    Global Compliance Management Software Historical Market: Breakup by Organisation Size (USD Million), 2017-2021
7.    Global Compliance Management Software Market Forecast: Breakup by Organisation Size (USD Million), 2022-2027
8.    Global Compliance Management Software Historical Market: Breakup by End Use (USD Million), 2017-2021
9.    Global Compliance Management Software Market Forecast: Breakup by End Use (USD Million), 2022-2027
10.    Global Compliance Management Software Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Compliance Management Software Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Compliance Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Compliance Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Compliance Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Compliance Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Compliance Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Compliance Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Global Compliance Management Software Market Structure

Key Questions Answered in the Report

The global market is assessed to grow at a CAGR of 11.2% between 2022 and 2027.

The major market driver is the growing adoption of 5G technologies and the surging IT industry.

The key market trends include the surging risk of cyber threats along with rapid technological advancements.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various software types include regulatory compliance management, and corporate compliance management, among others.

The primary deployment types include on-premises and cloud.

The various organisation sizes include small and medium enterprises and large enterprises.

The different end-uses of the compliance management software include ICT, construction and engineering, mining, retail, healthcare, transportation and logistics, general manufacturing, BFSI, and media and entertainment, among others.

The major players in the compliance management software market are CyberOne, MetricStream Inc., Wolters Kluwer N.V., Navex Global, and Quantivate, LLC, among others.

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