Market Overview:
The global compliance management system market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based compliance management systems and the growing need for regulatory compliance among small and medium enterprises (SMEs). North America is expected to dominate the global compliance management system market in terms of revenue, while Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Product Definition:
Compliance management system is a set of processes and tools used to ensure that an organization operates in compliance with relevant laws and regulations. The importance of compliance management system is that it helps organizations manage risk, protect their reputation, and avoid costly fines.
Cloud Based:
Cloud-based solutions are expected to witness significant growth over the forecast period. The major factor contributing to this growth is cost effectiveness and scalability of the solution. In addition, these solutions offer benefits such as on-demand availability of computing resources, elasticity in terms of capacity and capability, real time data tracking & analytics along with easy accessibility from any device or location has increased its popularity among organizations which in turn is expected to drive market demand over the next seven years.
On-Premise:
On-premise solutions are software and hardware systems that are installed on the end user’s premises. These solutions require an dedicated network connection for operation, which is provided by the service provider in a managed or cloud-based model. The advantage of on-premise solution is that data and applications can be modified as per requirement without affecting other connected devices.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The segment growth can be attributed to factors such as increasing demand for services from global companies owing to a growing number of SMEs across various industries. Furthermore, increasing government initiatives towards improving corporate governance are also driving the adoption of global compliance management system among large enterprises.
The small and medium-sized enterprise (SME) segment is anticipated to register significant growth over the forecast period due largely on account of increased penetration of cloud computing services among SMEs globally. Cloud computing offers numerous benefits including ease in access, flexibility, scalability & efficiency which makes it highly suitable for small and medium-sized businesses (SMBs). Moreover, an increase in regulatory requirements such as General Data Protection Regulation (GDPR) is further driving SMBs globally towards adopting a global compliance management system solution thereby fueling market growth across all regions.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The U.S., as a country, has been one of the most proactive adopters of global compliance management systems and is home to several large enterprises that are early adopters of technology. Furthermore, continuous efforts by regulatory bodies to ensure transparency and maintain high-quality standards have contributed to the growth of this regional market significantly over the past few years.
However, it must be noted that North America is not immune from cyberattacks or data breaches; therefore, organizations in this region are increasingly focusing on risk assessment and vulnerability scanning tools such as penetration testing services offered by third parties at regular intervals just like they would with any other software application or hardware device They also engage in periodic patching & updating activities for security vulnerabilities identified during penetration tests Conducting these activities helps them keep their IT infrastructure secure from threats posed by outside parties (vendors).
Growth Factors:
- Increasing demand for compliance management system from small and medium-sized businesses (SMBs) due to the increasing number of regulations and compliance requirements.
- The need for better risk management and regulatory compliance by organizations of all sizes is driving the growth of the Compliance Management System market.
- The advent of cloud-based solutions is helping to drive down the cost of deploying a Compliance Management System, making it more affordable for smaller businesses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compliance Management System Market Research Report
By Type
Cloud Based, On-Premise
By Application
Large Enterprises, SMEs
By Companies
Compli, AssurX, LogicManager, Corporater, MasterControl, Zenefits, Nintex Promapp, SafetySync, Assignar, NAVEX Global, MyEasyISO, Intellect, Workiva, SiteDocs, Field iD
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Compliance Management System Market Report Segments:
The global Compliance Management System market is segmented on the basis of:
Types
Cloud Based, On-Premise
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
Large Enterprises, SMEs
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:
- Compli
- AssurX
- LogicManager
- Corporater
- MasterControl
- Zenefits
- Nintex Promapp
- SafetySync
- Assignar
- NAVEX Global
- MyEasyISO
- Intellect
- Workiva
- SiteDocs
- Field iD
Highlights of The Compliance Management System 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-Premise
- By Application:
- Large Enterprises
- SMEs
- 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 System 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?
A compliance management system (CMS) is a software application that helps organizations manage their compliance requirements. It provides an automated way to identify, track, and report on the progress of specific compliance activities. The CMS also allows users to create and manage policies and procedures related tocompliance.
Some of the major players in the compliance management system market are Compli, AssurX, LogicManager, Corporater, MasterControl, Zenefits, Nintex Promapp, SafetySync, Assignar, NAVEX Global, MyEasyISO, Intellect, Workiva, SiteDocs, Field iD.
The compliance management system 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 System 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 System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compliance Management System 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 System 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 System Market Size & Forecast, 2018-2028
4.5.1 Compliance Management System Market Size and Y-o-Y Growth
4.5.2 Compliance Management System Market Absolute $ Opportunity
Chapter 5 Global Compliance Management System 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 System Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compliance Management System 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 System Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compliance Management System 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 System 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 System Analysis and Forecast
9.1 Introduction
9.2 North America Compliance Management System 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 System Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premise
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 System Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
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 System Analysis and Forecast
10.1 Introduction
10.2 Europe Compliance Management System 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 System Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premise
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 System Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
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 System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compliance Management System 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 System Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premise
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 System Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
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 System Analysis and Forecast
12.1 Introduction
12.2 Latin America Compliance Management System 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 System Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premise
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 System Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
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 System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compliance Management System 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 System Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premise
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 System Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
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 System Market: Competitive Dashboard
14.2 Global Compliance Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Compli
14.3.2 AssurX
14.3.3 LogicManager
14.3.4 Corporater
14.3.5 MasterControl
14.3.6 Zenefits
14.3.7 Nintex Promapp
14.3.8 SafetySync
14.3.9 Assignar
14.3.10 NAVEX Global
14.3.11 MyEasyISO
14.3.12 Intellect
14.3.13 Workiva
14.3.14 SiteDocs
14.3.15 Field iD
