Compliance Management Software Market
Compliance Management Software Market Size, Share & Trends Analysis Report by Deployment (Cloud and On-Premises), by Software Type (Regulatory Compliance Management, Corporate Compliance Management, and Others), and by Vertical (BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail & Consumer Goods, Telecom & IT, Transportation & Logistics, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Compliance management software market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period. Compliance management software refers to a type of software that helps organizations to manage their compliance obligations. Compliance management software can automate and streamline compliance processes, provide real-time monitoring of compliance risks, and help organizations to identify and address compliance issues before they become serious problems. The growth of the market is attributed to factors such as increasing regulatory compliance requirements and the need for effective risk management. Further, the growing adoption of cloud-based compliance management software solutions, and growing investment in companies providing compliance solutions are some of the factors anticipated to fuel the demand for compliance management software. For instance, in February 2020, Compliancy Group, a leading healthcare compliance Software-as-a-Service business, has closed a significant investment from Virginia-based growth equity firm, Aldrich Capital Partners. Aldrich Capital Partners has committed to invest $75 million.
Segmental Outlook
The global compliance management software market is segmented based on deployment, software type, and vertical. Based on the deployment, the market is categorized into cloud and on-premises. Further, based on the software type, the market is segmented into regulatory compliance management, corporate compliance management, and others. Among these, the regulatory compliance management segment is anticipated to hold a prominent market share, as regulatory compliance is a critical aspect of many industries, and failure to comply with regulations can result in legal and financial penalties, reputational damage, and other negative consequences.
BFSI Sub-Segment is Anticipated to Register a Significant Market Growth
Among the verticals, the BFSI sub-segment is anticipated to register significant growth during the forecast period. The growth of the sub-segment is attributed to the increasing need to comply with regulations and protect against financial crimes such as money laundering, fraud, and terrorist financing. The use of compliance management software in the BFSI industry helps companies to streamline their compliance processes, reduce the risk of non-compliance, and ensure that they meet regulatory requirements. The software can also provide real-time monitoring of compliance risks, automate compliance reporting, and reduce the costs associated with manual compliance processes.
Regional Outlooks
The global Compliance Management Software market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, North America is anticipated to hold a significant share in the global compliance management software market. However, the Asia-Pacific region is projected to experience considerable growth in the compliance management software market. The growth of the market is attributed to the increasing trend of automation in compliance processes
Global Compliance Management Software Market Growth, by Region 2023-2030
North America is Anticipated to Hold a Significant Share in the Global Compliance Management Software Market
Among all regions, North America is expected to hold a significant share in the global compliance management software market. This can be attributed to the increasing adoption of compliance management solutions by organizations to comply with various regulations and policies implemeted by the US government. For instance, The US government has implemented several regulations, such as the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA), which have led to the adoption of compliance management software solutions in the region. Additionally, the presence of key market players and the availability of advanced IT infrastructure in the region are also contributing to the growth of the market.
Market Players Outlook
The major companies serving the global compliance management software market include IBM Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., ServiceNow Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. in July 2022, Bengaluru-headquartered fintech software-as-a-service (SaaS) startup Clear, acquired compliance risk management automation platform CimplyFive. CimplyFive is a cloud-hosted application that automates company law and Sebi listing obligations (LODR). With this acquisition, Clear’s enterprise customers will have access to comprehensive Compliance Risk Management Software that eliminates many procedural non-compliance under the Companies Act, of 2013.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global compliance management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Compliance Management Software Market by Deployment
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Compliance Management Software Market by Software Type
4.2.1. Regulatory Compliance Management
4.2.2. Corporate Compliance Management
4.2.3. Others
4.3. Global Compliance Management Software Market by Vertical
4.3.1. BFSI
4.3.2. Construction and Engineering
4.3.3. Energy and Utilities
4.3.4. Government
4.3.5. Healthcare
4.3.6. Manufacturing
4.3.7. Retail & consumer goods
4.3.8. Telecom & IT
4.3.9. Transportation & Logistics
4.3.10. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aras Corp.
6.2. Arena Solutions, Inc.
6.3. Broadcom Inc.
6.4. Check Point
6.5. Dell Inc.
6.6. Exterro Inc.
6.7. IBM Corp.
6.8. MasterControl Inc.
6.9. MetricStream Inc.
6.10. NAVEX Global Inc.
6.11. NTT Group
6.12. Onit Inc.
6.13. Oracle Corp.
6.14. Pilgrim Quality Solutions Inc.
6.15. Resolver Inc.
6.16. SAI Global
6.17. SAP SE
6.18. Software AG
6.19. Sparta Systems Inc.
6.20. Thomson Reuters Corp.
6.21. Thomson Reuters.
6.22. Wolters Kluwer
1. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
2. GLOBAL CLOUD-BASED COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL ON-PREMISES COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2022-2030 ($ MILLION)
5. GLOBAL REGULATORY COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL CORPORATE COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL OTHERS COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
9. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR CONSTRUCTION AND ENGINEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR ENERGY AND UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR RETAIL & CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR TELECOM & IT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. NORTH AMERICAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. NORTH AMERICAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
22. NORTH AMERICAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2022-2030 ($ MILLION)
23. NORTH AMERICAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
24. EUROPEAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. EUROPEAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
26. EUROPEAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2022-2030 ($ MILLION)
27. EUROPEAN COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2022-2030 ($ MILLION)
31. ASIA-PACIFIC COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
32. REST OF THE WORLD COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
33. REST OF THE WORLD COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
34. REST OF THE WORLD COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2022-2030 ($ MILLION)
35. REST OF THE WORLD COMPLIANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY DEPLOYMENT, 2022 VS 2030 (%)
2. GLOBAL CLOUD-BASED COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ON-PREMISES COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY SOFTWARE TYPE, 2022 VS 2030 (%)
5. GLOBAL REGULATORY COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL CORPORATE COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY VERTICAL, 2022 VS 2030 (%)
8. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR CONSTRUCTION AND ENGINEERING MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR ENERGY AND UTILITIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR RETAIL & CONSUMER GOODS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR TELECOM & IT MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR TRANSPORTATION & LOGISTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL COMPLIANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. US COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
20. CANADA COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
21. UK COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
22. FRANCE COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
23. GERMANY COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
24. ITALY COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
25. SPAIN COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF EUROPE COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
27. INDIA COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
28. CHINA COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
29. JAPAN COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
30. SOUTH KOREA COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF ASIA-PACIFIC COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD COMPLIANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
