Market Overview:
The global internal audit software 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 internal audit software and rising adoption of internal audit software by small & medium businesses and large businesses. North America is expected to dominate the global internal audit software market in terms of revenue in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Internal Audit Software is a computer software application that helps Internal Auditors conduct their audits. Internal Audit Software can help Internal Auditors organize their work, track data, and produce reports. The importance of Internal Audit Software depends on the organization's needs. Some organizations may find that the software helps them save time and money, while others may find that it helps them more effectively manage their audits.
Cloud-based:
Cloud-based Internal Audit software is a type of software that helps businesses to store data on remote servers and access it using the internet. The cloud-based internal audit software provides various benefits such as real-time data tracking, efficient management of large volumes of data, and effective compliance management among others. It also helps in reducing the cost incurred for IT support staff along with other benefits such as increased productivity and efficiency among others.
On-premises:
On-premises is a term used for software that is installed and operated from the original equipment manufacturer’s server. The software can be installed on computers present within an organization or can also be accessed over the internet. On-premises Internal Audit Software provides audit trail of all transactions, which includes user authentication data, application usage data, system configuration changes and other such information.
Application Insights:
The large business segment dominated the global internal audit software market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to factors such as growing demand for robust and flexible solutions that enable efficient management of complex processes within organizations. Furthermore, increasing penetration of advanced technologies coupled with a rise in demand for effective control procedures are further driving the adoption across large businesses.
Internal auditor role is expected to witness significant growth over the forecast period owing to rising need to manage and monitor critical processes within organizations efficiently while ensuring high levels of accuracy and reliability at all times.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government regulations, rising corporate frauds, and growing need for improving internal control systems. Furthermore, increasing adoption of cloud-based solutions by small & medium businesses in this region is further driving the market growth.
North America also held a significant revenue share in 2017 owing to high demand from U.S.-based enterprises who are increasingly focusing on reducing their audit costs as well as time taken for auditing processes through automation of IT infrastructure components within their organizations.
Growth Factors:
- Increasing demand for automation in the audit process to improve efficiency and accuracy
- Rising need for fraud detection and prevention in businesses
- Growing adoption of cloud-based solutions by organizations
- Proliferation of big data and analytics, which is aiding Internal Audit Software market growth
- Emergence of new technologies such as artificial intelligence (AI) and machine learning that are helping Internal Audit Software providers to offer better solutions to customers
Scope Of The Report
Report Attributes
Report Details
Report Title
Internal Audit Software 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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Internal Audit Software Market Report Segments:
The global Internal Audit Software 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 Internal 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
- 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 Internal 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
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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?
Internal audit software is a computer program that helps organizations conduct internal audits. It can help identify and track financial irregularities, assess the effectiveness of management controls, and make recommendations for improvement.
Some of the major players in the internal 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.
The internal audit software 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 Internal Audit 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 Internal Audit Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internal Audit 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 Internal Audit 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 Internal Audit Software Market Size & Forecast, 2018-2028
4.5.1 Internal Audit Software Market Size and Y-o-Y Growth
4.5.2 Internal Audit Software Market Absolute $ Opportunity
Chapter 5 Global Internal Audit 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 Internal Audit Software 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 Internal Audit 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 Internal Audit Software 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 Internal Audit 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 Internal Audit 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 Internal Audit Software Analysis and Forecast
9.1 Introduction
9.2 North America Internal Audit 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 Internal Audit Software 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 Internal Audit Software 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 Internal Audit Software Analysis and Forecast
10.1 Introduction
10.2 Europe Internal Audit 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 Internal Audit Software 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 Internal Audit Software 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 Internal Audit Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Internal Audit 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 Internal Audit Software 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 Internal Audit Software 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 Internal Audit Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Internal Audit 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 Internal Audit Software 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 Internal Audit Software 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) Internal Audit Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Internal Audit 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) Internal Audit Software 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) Internal Audit Software 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 Internal Audit Software Market: Competitive Dashboard
14.2 Global Internal Audit 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
