Market Overview:
The global audit management software and systems market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based audit management software and systems, owing to their advantages such as easy accessibility, low cost, and scalability. In addition, the growing adoption of audit management software and systems by small & medium businesses (SMBs) and large businesses is also contributing to the market growth. However, lack of awareness about the benefits of using these solutions is restraining the market growth. On basis of type, cloud-based segment accounted for majority share in 2017 due its advantages such as easy accessibility, low cost & maintenance cost etc., over on-premises solutions.
Product Definition:
Audit Management Software & Systems is a computer software application and/or system used to support an organization's auditing process. It typically includes features that allow for the organization of audit work, the tracking of findings and recommendations, and the generation of reports. The purpose of Audit Management Software & Systems is to help organizations manage their audits more effectively and efficiently.
Cloud-based:
Cloud-based software is a type of software service that provides shared computer processing for multiple users over the internet. The technology involves four basic elements: cloud, infrastructure, services and application. Cloud-based solutions are becoming popular due to the growing demand for mobility in audit management and increasing adoption of cloud computing across organizations.
On-premises:
On-premises software is installed and operated from the organization's server, desktop, laptop or other computing device. The data entered by employees is not accessible to the general public as it is entered in a private network. On-premises software can be used for auditing and reporting purposes by authorized personnel only; hence it provides security against internal as well as external frauds.
Application Insights:
The large business segment dominated the global market in 2017. This can be attributed to factors such as a large number of users, complex IT infrastructure and requirements for handling multiple processes and applications. Furthermore, the adoption of these solutions is higher in the developed economies such as U.K., Germany, France and Italy compared to developing countries like India and China.
The small & medium business (SMB) segment accounted for a significant share owing to increasing penetration of cloud-based services among SMBs due to ease of use, cost-effectiveness and flexibility offered by these services along with advanced features supporting their needs efficiently. The need for an integrated solution that can support various processes efficiently while reducing time consumption is driving SMBs globally toward online AMA software & systems which will eventually benefit end users across all segments on a larger scale over the forecast period.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing government initiatives and investments in order to improve management of government agencies. For instance, as per a white paper published by the Government Finance Officers Association of Canada, it was estimated that between 2012 and 2022, federal departments and agencies spent USD X billion on information technology projects with an additional cost burden of USD X billion due to legacy systems.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing high growth potential across several sectors such as BFSI; telecom & ITES among others.
Growth Factors:
- Increasing demand for compliance and risk management across organizations
- Proliferation of digital data and the need for timely audits to ensure data accuracy
- The increasing adoption of cloud-based solutions by small and medium businesses
- The growing demand for integrated audit management software suites that can manage all aspects of the auditing process
- The increasing use of artificial intelligence and machine learning in audit management software to improve efficiency and accuracy
Scope Of The Report
Report Attributes
Report Details
Report Title
Audit Management Software & Systems Market Research Report
By Type
Cloud-based, On-premises
By Application
Small & Medium Business, Large Business, Other
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
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Audit Management Software & Systems Market Report Segments:
The global Audit Management Software & Systems market is segmented on the basis of:
Types
Cloud-based, On-premises
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
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
Highlights of The Audit Management Software & Systems 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
- On-premises
- By Application:
- Small & Medium Business
- Large Business
- Other
- 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 Management Software & Systems 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.
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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 management software & systems are used to manage and track the progress of audits. They can help organizations identify and correct audit deficiencies, improve audit quality, and reduce the cost of auditing.
Some of the major companies in the audit management software & systems 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.
The audit management software & systems market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Audit Management Software & Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Audit Management Software & Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Audit Management Software & Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Audit Management Software & Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Audit Management Software & Systems Market Size & Forecast, 2018-2028
4.5.1 Audit Management Software & Systems Market Size and Y-o-Y Growth
4.5.2 Audit Management Software & Systems Market Absolute $ Opportunity
Chapter 5 Global Audit Management Software & Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Audit Management Software & Systems Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Audit Management Software & Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Audit Management Software & Systems Market Size Forecast by Applications
6.2.1 Small & Medium Business
6.2.2 Large Business
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Audit Management Software & Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Audit Management Software & Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Audit Management Software & Systems Analysis and Forecast
9.1 Introduction
9.2 North America Audit Management Software & Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Audit Management Software & Systems Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Audit Management Software & Systems Market Size Forecast by Applications
9.10.1 Small & Medium Business
9.10.2 Large Business
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Audit Management Software & Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Audit Management Software & Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Audit Management Software & Systems Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Audit Management Software & Systems Market Size Forecast by Applications
10.10.1 Small & Medium Business
10.10.2 Large Business
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Audit Management Software & Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Audit Management Software & Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Audit Management Software & Systems Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Audit Management Software & Systems Market Size Forecast by Applications
11.10.1 Small & Medium Business
11.10.2 Large Business
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Audit Management Software & Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Audit Management Software & Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Audit Management Software & Systems Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Audit Management Software & Systems Market Size Forecast by Applications
12.10.1 Small & Medium Business
12.10.2 Large Business
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Audit Management Software & Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Audit Management Software & Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Audit Management Software & Systems Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Audit Management Software & Systems Market Size Forecast by Applications
13.10.1 Small & Medium Business
13.10.2 Large Business
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Audit Management Software & Systems Market: Competitive Dashboard
14.2 Global Audit Management Software & Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Resolver
14.3.2 Gensuite
14.3.3 Wolters Kluwer/TeamMate
14.3.4 Plan Brothers
14.3.5 Optial
14.3.6 Perillon Software
14.3.7 ProcessGene
14.3.8 Oversight Systems
14.3.9 MasterControl
14.3.10 ComplianceBridge
14.3.11 Tronixss
14.3.12 Reflexis Systems
14.3.13 SAI Global
14.3.14 Isolocity
14.3.15 Insight Lean Solutions
14.3.16 AuditFile
