Market Overview:
The global audit management solutions software 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 and installed-PC audit management solutions software, owing to their advantages such as low cost, easy deployment, and scalability. In addition, the increasing adoption of audit management solutions software by small & medium businesses (SMBs) and other organizations is also contributing to the growth of this market. However, lack of awareness about the benefits offered by these solutions is restraining the growth of this market. On the basis of type, the global audit management solutions software market can be segmented into cloud-based, installed-PC, and installed-mobile segments. The cloud-based segment is expected to grow at a higher CAGR during the forecast period from 2018 to 2030 due its advantages such as low cost and easy deployment over other types of solution segments.
Product Definition:
Audit management solutions software is used to help manage the auditing process. This can include creating and tracking audits, managing checklists and other documentation, as well as communicating with auditors. The software can also be used to track remediation efforts following an audit.
Cloud-based:
Cloud-based software is a type of software service that provides functionality to users through the internet. It allows organizations to store data on remote servers and access it using the internet. The cloud-based audit management solutions are used by enterprises, financial institutions, and government agencies for auditing & reporting purposes.
Installed-PC:
Installed-PC is a term used for computers or devices that are preinstalled with software and hardware by the manufacturer. It includes desktops, laptops, servers, tablets, and smartphones. The IBS software uses information from these installed devices to generate reports about the company’s operations.
The global installed-PC and it's usage in audit management solutions market size was valued at USD 652 million in 2016.
Application Insights:
The large business segment dominated the global ADMS market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to factors such as growing demand from medium and large businesses for effective decision-making processes, improved internal control systems, and enhanced operational efficiency across organizations. Furthermore, increasing pressure on management to reduce costs is expected to drive the adoption of international standards that are proven effective in improving operational efficiency and controlling frauds within organizations.
The other organizations segment accounted for a significant share of 19.1% in 2017 owing to factors such as an increase in government regulations pertaining to governance structures and compliance with international norms at various levels within different industries across all major economies globally including U.S., China India etc.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of multinational companies and growing pressure for improving accounting processes. Moreover, increasing use of cloud-based solutions is also expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising adoption by small & medium businesses (SMBs). Furthermore, developing countries such as India and China are also expected to contribute significantly towards regional market development due their rapidly expanding IT sector and changing regulatory scenario in favor of digitalization.
Europe accounted for more than 25% revenue share in 2017 owing to high acceptance levels regarding audit readiness by enterprises across various industries within Europe especially Germany and U.K.
Growth Factors:
- Increasing demand for compliance and risk management across organizations
- Proliferation of digital data and the need to protect information assets
- The increasing complexity of business processes and IT systems
- Growing demand for outsourcing services by small and medium-sized businesses
- The need to improve operational efficiency and reduce costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Audit Management Solutions Software Market Research Report
By Type
Cloud-based, Installed-PC, Installed-mobile
By Application
Small & Medium Business, Large Business, Other Organizations
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Audit Management Solutions Software Market Report Segments:
The global Audit Management Solutions Software market is segmented on the basis of:
Types
Cloud-based, Installed-PC, Installed-mobile
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 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 Solutions 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
- By Application:
- Small & Medium Business
- Large Business
- Other Organizations
- 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 Solutions 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 Management Solutions Software is a software application that helps organizations manage their audit processes. It includes tools to help identify and track risks, plan audits, and report on audit findings.
Some of the major players in the audit management solutions 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.
The audit management solutions software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Audit Management Solutions Software 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 Solutions Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Audit Management Solutions Software 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 Solutions Software 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 Solutions Software Market Size & Forecast, 2018-2028
4.5.1 Audit Management Solutions Software Market Size and Y-o-Y Growth
4.5.2 Audit Management Solutions Software Market Absolute $ Opportunity
Chapter 5 Global Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 Installed-PC
5.2.3 Installed-mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Applications
6.2.1 Small & Medium Business
6.2.2 Large Business
6.2.3 Other Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Audit Management Solutions Software 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 Solutions Software 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 Solutions Software Analysis and Forecast
9.1 Introduction
9.2 North America Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 Installed-PC
9.6.3 Installed-mobile
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 Solutions Software Market Size Forecast by Applications
9.10.1 Small & Medium Business
9.10.2 Large Business
9.10.3 Other Organizations
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 Solutions Software Analysis and Forecast
10.1 Introduction
10.2 Europe Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 Installed-PC
10.6.3 Installed-mobile
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 Solutions Software Market Size Forecast by Applications
10.10.1 Small & Medium Business
10.10.2 Large Business
10.10.3 Other Organizations
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 Solutions Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 Installed-PC
11.6.3 Installed-mobile
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 Solutions Software Market Size Forecast by Applications
11.10.1 Small & Medium Business
11.10.2 Large Business
11.10.3 Other Organizations
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 Solutions Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 Installed-PC
12.6.3 Installed-mobile
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 Solutions Software Market Size Forecast by Applications
12.10.1 Small & Medium Business
12.10.2 Large Business
12.10.3 Other Organizations
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 Solutions Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Audit Management Solutions Software 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 Solutions Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 Installed-PC
13.6.3 Installed-mobile
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 Solutions Software Market Size Forecast by Applications
13.10.1 Small & Medium Business
13.10.2 Large Business
13.10.3 Other Organizations
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 Solutions Software Market: Competitive Dashboard
14.2 Global Audit Management Solutions Software 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
