Market Overview:
The global regulatory change management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for regulatory change management software from large enterprises and SMEs across the globe. Additionally, the growing need for compliance with various regulations is also fueling the growth of this market. However, lack of awareness about regulatory change management software among end users is restraining the growth of this market to some extent.
Product Definition:
Regulatory Change Management (RCM) Software is a system that helps organizations manage and track regulatory changes. The software typically includes features to help identify when changes occur, assess the impact of those changes, and track how the organization responds. RCM software can be used by organizations in a number of industries, including banking, insurance, healthcare, and manufacturing.
Cloud Based:
Cloud-based software is a type of software service that provides shared pooling of data and resources across multiple computers or devices connected to the internet. The data and applications are stored remotely on digital storage media or cloud, which can be accessed by authorized users over the network. Cloud-based services offer benefits such as increased efficiency, cost savings, flexibility & scalability along with low maintenance & administration costs.
Web Based:
The global web-based and it's usage in regulatory change management software market size was valued at USD 0.00 in 2016. The increasing need for transparency and traceability of changes made to the source document is expected to propel the industry growth over the forecast period.
Application Insights:
The large enterprises segment dominated the global regulatory change management software market in 2017. This is attributed to the presence of a large number of regulations that are applicable only to large organizations and multiple countries around the world. The need for tracking and monitoring changes in regulations across different geographies is also increasing, which is driving their demand from this segment.
SMEs are expected to be one of the fastest-growing segments over the forecast period owing to an increase in R&D activities by small businesses across various industries globally, including IT & telecommunication, BFSI, retail and others. The need for regulatory compliance among SMEs has increased significantly since these businesses operate globally with operations centers located anywhere between two countries; thus changing or obtaining new laws & policies through proper communication with authorities becomes important for business success.
Regional Analysis:
The North American regional market accounted for the largest share in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing regulatory requirements, such as Sarbanes-Oxley Act of 2002, Gramm-Leach-Bliley Act of 1999, and Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. These acts have mandated that all financial institutions in the U.S., including banks, securities firms, insurance companies etc., maintain accurate books & records pertaining to their transactions which are accessible by authorized government agencies at any point in time for auditing purposes.
Asia Pacific is estimated to register a significant CAGR over the forecast period owing both ends; i.e.
Growth Factors:
- Increasing demand for compliance and regulatory change management software from small and medium-sized businesses (SMBs) due to the increasing number of regulations.
- The need for better visibility into the impact of regulatory changes on business processes and operations, which can be addressed through the use of regulatory change management software.
- The growing trend among organizations towards using cloud-based solutions for regulatory change management, as this enables them to manage changes more effectively and efficiently while reducing costs.
- The increasing focus by regulators on ensuring that companies have adequate controls in place to manage their risk exposure arising from changes in regulations, which is driving demand for Regulatory Change Management Software solutions .
Scope Of The Report
Report Attributes
Report Details
Report Title
Regulatory Change Management Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
DPOrganizer, DataTracks, Thomson Reuters, Evidon, MetricStream, MyEasyISO, Wolters Kluwer, Predict360, Bwise, Refinitiv, RegEd
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Regulatory Change Management Software Market Report Segments:
The global Regulatory Change Management Software market is segmented on the basis of:
Types
Cloud Based, Web 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
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:
- DPOrganizer
- DataTracks
- Thomson Reuters
- Evidon
- MetricStream
- MyEasyISO
- Wolters Kluwer
- Predict360
- Bwise
- Refinitiv
- RegEd
Highlights of The Regulatory Change 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:
- Cloud Based
- Web Based
- 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 Regulatory Change 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.
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?
Regulatory change management software is a type of software that helps organizations manage the changes to their regulatory environment. This includes everything from tracking and managing regulatory submissions to forecasting potential impacts of new regulations.
Some of the major companies in the regulatory change management software market are DPOrganizer, DataTracks, Thomson Reuters, Evidon, MetricStream, MyEasyISO, Wolters Kluwer, Predict360, Bwise, Refinitiv, RegEd.
The regulatory change management 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 Regulatory Change 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 Regulatory Change Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Regulatory Change 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 Regulatory Change 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 Regulatory Change Management Software Market Size & Forecast, 2018-2028
4.5.1 Regulatory Change Management Software Market Size and Y-o-Y Growth
4.5.2 Regulatory Change Management Software Market Absolute $ Opportunity
Chapter 5 Global Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Regulatory Change 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 Regulatory Change 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 Regulatory Change Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web 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 Regulatory Change Management Software 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 Regulatory Change Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web 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 Regulatory Change Management Software 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 Regulatory Change Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web 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 Regulatory Change Management Software 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 Regulatory Change Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Regulatory Change 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 Regulatory Change Management Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web 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 Regulatory Change Management Software 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) Regulatory Change Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Regulatory Change 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) Regulatory Change Management Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web 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) Regulatory Change Management Software 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 Regulatory Change Management Software Market: Competitive Dashboard
14.2 Global Regulatory Change Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DPOrganizer
14.3.2 DataTracks
14.3.3 Thomson Reuters
14.3.4 Evidon
14.3.5 MetricStream
14.3.6 MyEasyISO
14.3.7 Wolters Kluwer
14.3.8 Predict360
14.3.9 Bwise
14.3.10 Refinitiv
14.3.11 RegEd
