Market Overview:
The global compliance management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. Compliance management software helps organizations in managing and tracking regulatory requirements, policies, and best practices across different geographies. The increasing demand for cloud-based compliance management software is one of the major factors driving the growth of this market. Cloud-based compliance management software offers several benefits such as scalability, flexibility, and cost-effectiveness over on-premise solutions. Moreover, the growing adoption of cloud computing among small and medium enterprises (SMEs) is also contributing to the growth of this market. However, lack of awareness about compliance management solutions among end users is restraining the growth of this market to some extent. On basis type , Cloud Based segment accounted for larger share in 2017 & it will continue its dominance by 2030 with CAGR 11%. On basis application , Small & Medium Enterprises segment held larger share in 2017 which will grow with CAGR 10% during forecast period while Large Enterprises segment will witness highest CAGR 12%.
Product Definition:
Compliance management software is a computer program that helps businesses to track and manage their compliance with laws, regulations, and standards. Compliance management software can help organizations to identify risks associated with noncompliance, create and track corrective action plans, and monitor progress towards compliance.
On-Premise:
On-premise software is a type of cloud computing system that involves the installation of components on computers available within an organization. The data and applications are stored remotely on digital servers, which can be accessed by authorized personnel only.
Cloud-Based:
Cloud-based solutions are software-as-a-service applications that provide a platform for data storage and sharing. The compliance management software is used to store, manage, and track the information that needs to be stored in the cloud. It also helps users access this information from any location or device with minimum effort.
The major advantage of using cloud based solutions is cost efficiency which includes zero infrastructure costs and reduced maintenance & overhead costs.
Application Insights:
The large enterprises segment dominated the global compliance management software market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to continue its dominance over the forecast period, with a significant increase in enterprise size across various industries such as financial services, healthcare and public sectors.
The small and medium-sized businesses (SMBs) are projected to be one of the fastest-growing segments owing to increasing awareness among SMBs regarding internal controls related issues such as tax frauds and illegal activities carried out through e-commerce portals or online transactions conducted via mobile applications or web sites. In addition, an increase in penetration of cloud computing has enabled SMBs with on-demand resources thereby enabling them to offer their customers enhanced customer experience while conducting business operations at reduced costs.
Regional Analysis:
The North American region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government regulations, such as Foreign Corrupt Practices Act (FCPA), Sarbanes-Oxley Act, Gramm-Leach-Bliley Act (GLB), and others. These acts have mandated implementation of compliance management software by various organizations in order to prevent financial crimes such as money laundering and frauds. Moreover, these organizations are also using these solutions for monitoring employee behavior across different business units or countries thus leading to a rise in demand for compliance management software solutions from large enterprises.
Asia Pacific is anticipated to register significant growth over the forecast period owing high economic development coupled with increased government spending on infrastructure projects especially regarding information technology sector which includes application development.
Growth Factors:
- Increasing demand for compliance management software from small and medium-sized businesses (SMBs) due to the increasing complexity of regulations.
- The need for better risk management and regulatory compliance in the wake of high-profile data breaches and financial scandals.
- The growing popularity of cloud-based compliance management software, which makes it easier for businesses to manage their regulatory obligations across multiple jurisdictions.
- The increasing use of Compliance Management Software by government agencies and other public sector organizations to meet transparency and accountability requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compliance Management Software Market Research Report
By Type
On-Premise, Cloud-Based
By Application
Small and Medium Enterprises, Large Enterprises
By Companies
MetricStream, MasterControl, SAP, IBM, Accupoint Software, Peacock Consulting, Enablon, SOVOS, Dakota Software, Convercent
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Compliance Management Software Market Report Segments:
The global Compliance Management Software market is segmented on the basis of:
Types
On-Premise, Cloud-Based
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 and Medium Enterprises, Large Enterprises
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:
- MetricStream
- MasterControl
- SAP
- IBM
- Accupoint Software
- Peacock Consulting
- Enablon
- SOVOS
- Dakota Software
- Convercent
Highlights of The Compliance Management 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:
- On-Premise
- Cloud-Based
- By Application:
- Small and Medium Enterprises
- Large Enterprises
- 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 Compliance Management 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.
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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?
Compliance management software is a type of software that helps organizations manage their compliance with regulations and best practices. It can help identify and track risks, create policies and procedures, monitor performance, and report findings.
Some of the major companies in the compliance management software market are MetricStream, MasterControl, SAP, IBM, Accupoint Software, Peacock Consulting, Enablon, SOVOS, Dakota Software, Convercent.
The compliance management 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 Compliance Management 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 Compliance Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compliance Management 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 Compliance Management 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 Compliance Management Software Market Size & Forecast, 2018-2028
4.5.1 Compliance Management Software Market Size and Y-o-Y Growth
4.5.2 Compliance Management Software Market Absolute $ Opportunity
Chapter 5 Global Compliance Management 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 Compliance Management Software Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compliance Management 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 Compliance Management Software Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compliance Management 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 Compliance Management 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 Compliance Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Compliance Management 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 Compliance Management Software Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud-Based
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 Compliance Management Software Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises
9.10.2 Large Enterprises
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 Compliance Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Compliance Management 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 Compliance Management Software Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud-Based
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 Compliance Management Software Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises
10.10.2 Large Enterprises
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 Compliance Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compliance Management 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 Compliance Management Software Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud-Based
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 Compliance Management Software Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises
11.10.2 Large Enterprises
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 Compliance Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Compliance Management 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 Compliance Management Software Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud-Based
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 Compliance Management Software Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises
12.10.2 Large Enterprises
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) Compliance Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compliance Management 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) Compliance Management Software Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud-Based
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) Compliance Management Software Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises
13.10.2 Large Enterprises
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 Compliance Management Software Market: Competitive Dashboard
14.2 Global Compliance Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MetricStream
14.3.2 MasterControl
14.3.3 SAP
14.3.4 IBM
14.3.5 Accupoint Software
14.3.6 Peacock Consulting
14.3.7 Enablon
14.3.8 SOVOS
14.3.9 Dakota Software
14.3.10 Convercent
