Market Overview:
The global audit software market is segmented on the basis of type, application, and region. The type segment is further divided into cloud-based, installed-PC, installed-mobile, and others. The application segment is classified into small & medium business (SMB), large business, other organizations (government agencies & not-for profit organizations), and education institutions. Geographically, the market is analyzed across North America (U.S., Canada & Mexico), Latin America (Brazil, Argentina & Colombia), Europe (Germany France Italy Spain U.K.), Asia Pacific (China India Japan South Korea Australia New Zealand) MEA(South Africa Saudi Arabia UAE). The cloud-based holds a comparatively larger share in global market which accounts for about 58%. This can be attributed to the benefits offered by this deployment model such as scalability and flexibility along with low TCO as compared to on premise solutions.
Product Definition:
Audit software is a type of computer software used to help auditors conduct audits. It allows auditors to track and analyze financial data, as well as create reports on their findings. Audit software is important because it helps auditors ensure that companies are in compliance with financial regulations and standards.
Cloud-based:
Cloud-based software is a type of software service that provides functionality to customers through the internet. It allows organizations to store data on remote servers and access it using the internet. The cloud-based audit software market is expected to witness significant growth over the forecast period owing to factors such as low cost, ease of use, and flexibility in terms of storage capacity.
Installed-PC:
The global installed-PC and it’s usage in audit software market size was valued at USD 2.5 billion in 2016. The growing need for an accurate and reliable system to record financial transactions is expected to be a key factor driving the market growth over the forecast period.
In addition, increasing demand from small & medium enterprises for an affordable solution that can efficiently manage their businesses is anticipated to drive industry growth over the next seven years.
Application Insights:
The large business segment held the largest market share in 2017, which is attributable to the fact that large businesses require robust and sophisticated software solutions for effective internal controls. The other organizations segment is expected to exhibit a lucrative CAGR over the forecast period owing to increasing adoption of these applications by various organizations including government bodies, healthcare institutions and educational institutes.
Small & medium businesses are anticipated to hold a considerable share in near future as they face numerous challenges while undertaking an IT modernization exercise. These companies need technology that not only meets their requirements but also helps them meet stringent compliance regulations imposed by regulatory authorities such as PCI DSS and others. Global auditor software provides small & medium business with an easy-to-use solution with flexible interfaces suitable for both PC based or mobile devices.
Regional Analysis:
North America is expected to be the fastest-growing region, owing to the presence of a large number of audit software vendors and increased adoption by medium and small businesses. The U.S., in particular, has been witnessing an increase in government spending due to various initiatives such as “Obamacare†and “Gramm-Rudman†which resulted into growing budget deficits. This factor is anticipated to drive demand for auditing tools over the forecast period.
Asia Pacific market was valued at USD X million in 2017; this region holds a considerable share considering that it comprises emerging economies like India, China, Indonesia etc., which are among the largest markets for IT services & solutions across all regions globally.
Growth Factors:
- Increasing demand for audit software from small and medium-sized businesses (SMBs) due to the growing complexity of business processes and operations.
- The increasing adoption of cloud-based audit software solutions by organizations, owing to the benefits such as scalability, flexibility, and cost-effectiveness.
- The rising demand for automated auditing tools that help organizations reduce the time taken for audits and improve accuracy levels.
- The increasing use of big data and analytics in auditing processes to identify irregularities and fraudulent activities quickly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Audit Software Market Research Report
By Type
Cloud-based, Installed-PC, Installed-mobile, The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%., Audit Softwar
By Application
Small & Medium Business, Large Business, Other Organizations, The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
By Companies
Resolver, Gensuite, Wolters Kluwer/TeamMate, Plan Brothers, Optial, Perillon Software, ProcessGene, Oversight Systems, MasterControl, ComplianceBridge, Tronixss, Reflexis Systems, SAI Global, Isolocity, Insight Lean Solutions, AuditFile, Audit Softwar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Audit Software Market Report Segments:
The global Audit Software market is segmented on the basis of:
Types
Cloud-based, Installed-PC, Installed-mobile, The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%., Audit Softwar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small & Medium Business, Large Business, Other Organizations, The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Resolver
- Gensuite
- Wolters Kluwer/TeamMate
- Plan Brothers
- Optial
- Perillon Software
- ProcessGene
- Oversight Systems
- MasterControl
- ComplianceBridge
- Tronixss
- Reflexis Systems
- SAI Global
- Isolocity
- Insight Lean Solutions
- AuditFile
- Audit Softwar
Highlights of The Audit Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- Installed-PC
- Installed-mobile
- The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
- Audit Softwar
- By Application:
- Small & Medium Business
- Large Business
- Other Organizations
- The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Audit Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Audit software is a type of software that helps organizations audit their own systems and processes. It can also help identify and track potential security risks.
Some of the major companies in the audit software market are Resolver, Gensuite, Wolters Kluwer/TeamMate, Plan Brothers, Optial, Perillon Software, ProcessGene, Oversight Systems, MasterControl, ComplianceBridge, Tronixss, Reflexis Systems, SAI Global, Isolocity, Insight Lean Solutions, AuditFile, Audit Softwar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Audit Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Audit Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Audit Software Market - Supply Chain
4.5. Global Audit Software Market Forecast
4.5.1. Audit Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Audit Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Audit Software Market Absolute $ Opportunity
5. Global Audit Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Audit Software Market Size and Volume Forecast by Type
5.3.1. Cloud-based
5.3.2. Installed-PC
5.3.3. Installed-mobile
5.3.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
5.3.5. Audit Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Audit Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Audit Software Market Size and Volume Forecast by Application
6.3.1. Small & Medium Business
6.3.2. Large Business
6.3.3. Other Organizations
6.3.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Audit Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Audit Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Audit Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Audit Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Audit Software Demand Share Forecast, 2019-2026
9. North America Audit Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Audit Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Audit Software Market Size and Volume Forecast by Application
9.4.1. Small & Medium Business
9.4.2. Large Business
9.4.3. Other Organizations
9.4.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Audit Software Market Size and Volume Forecast by Type
9.7.1. Cloud-based
9.7.2. Installed-PC
9.7.3. Installed-mobile
9.7.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
9.7.5. Audit Softwar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Audit Software Demand Share Forecast, 2019-2026
10. Latin America Audit Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Audit Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Audit Software Market Size and Volume Forecast by Application
10.4.1. Small & Medium Business
10.4.2. Large Business
10.4.3. Other Organizations
10.4.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Audit Software Market Size and Volume Forecast by Type
10.7.1. Cloud-based
10.7.2. Installed-PC
10.7.3. Installed-mobile
10.7.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
10.7.5. Audit Softwar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Audit Software Demand Share Forecast, 2019-2026
11. Europe Audit Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Audit Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Audit Software Market Size and Volume Forecast by Application
11.4.1. Small & Medium Business
11.4.2. Large Business
11.4.3. Other Organizations
11.4.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Audit Software Market Size and Volume Forecast by Type
11.7.1. Cloud-based
11.7.2. Installed-PC
11.7.3. Insalled-mobile
11.7.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
11.7.5. Audit Softwar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Audit Software Demand Share, 2019-2026
12. Asia Pacific Audit Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Audit Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Audit Software Market Size and Volume Forecast by Application
12.4.1. Small & Medium Business
12.4.2. Large Business
12.4.3. Other Organizations
12.4.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Audit Software Market Size and Volume Forecast by Type
12.7.1. Cloud-based
12.7.2. Installed-PC
12.7.3. Installed-mobile
12.7.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
12.7.5. Audit Softwar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Audit Software Demand Share, 2019-2026
13. Middle East & Africa Audit Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Audit Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Audit Software Market Size and Volume Forecast by Application
13.4.1. Small & Medium Business
13.4.2. Large Business
13.4.3. Other Organizations
13.4.4. The small and medium business hold an important share in terms of applications, and accounts for 60% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Audit Software Market Size and Volume Forecast by Type
13.7.1. Cloud-based
13.7.2. Installed-PC
13.7.3. Installed-mobile
13.7.4. The segment of cloud-based holds a comparatively larger share in global market, which accounts for about 58%.
13.7.5. Audit Softwar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Audit Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Audit Software Market: Market Share Analysis
14.2. Audit Software Distributors and Customers
14.3. Audit Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Resolver
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gensuite
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Wolters Kluwer/TeamMate
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Plan Brothers
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Optial
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Perillon Software
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ProcessGene
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oversight Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MasterControl
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ComplianceBridge
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tronixss
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Reflexis Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SAI Global
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Isolocity
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Insight Lean Solutions
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AuditFile
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Audit Softwar
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
&nbs
