Compliance Management Solution Market - Forecast(2021 - 2026)

Compliance Management Solution Market size was valued $2,345.7 million in 2019, estimated to grow at a CAGR of 8.5% during 2020-2025. The organizations are enormously are adopting compliance in their business for managing the regulatory breaches and control failures. This adoption of compliance management solution has also provided the ability to understand the existing and emerging risk. Moreover, the growing demand for regulatory compliance solution, Americans with Disabilities Act (ADA) compliance solution, security information management and so on are surging the compliance management solution during the forecast period. The rising demand for security as service as well as rising data security regulations leading to increasingly secure web gateways will drive the Compliance Management Solution Industry.


Report Coverage
The report: “Compliance Management Solution Industry Outlook - Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Compliance Management Solution Market Report. 

By Type: Regulatory Compliance Solution, Americans with Disabilities Act (ADA) Compliance Solution, HIPPA Compliance Solution, website Accessibility Services, WCAG Compliance
By Platform: Website and Mobile Application
By Storage Based: Third Party Management, Policy and Procedure Management, Product and Service Offer Management, Governance, Risk and Compliance Management
By Application: Financial Industry, Medical Industry, Legal Industry, Real Estate Industry, and Manufacturing Industry.
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Ecuador, Peru, Colombia, Costa Rica and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Denmark and Others), APAC(China, Japan India, South Korea, Australia, Taiwan, Malaysia and Others), and RoW (Middle east and Africa)

Key Takeaways
  • In 2019, the Compliance Management Solution market was dominated by North America owing to the presence of major players such as Oracle Corporation, Thomson Reuters and so on.
  • The growing demand government, risk and compliance storage-based solution for risk and performance management by the organizations are further enhancing the growth of the market
  • The growing adoption of automation by organizations in order to optimize operations as per the  regulatory requirements are propelling the compliance management solution market.
  • The lack of latest technology-based platform in the organizations and the transformation in the work culture are effecting the adoption of compliance management solution 


Storage based - Segment Analysis
Government, Risk & Compliance (GRC) segment held the largest market share in the Compliance Management Solution market in 2019. The growing demand internal audit features in the organizations which are facing increasing regulatory requirements are enhancing the need for GRC solution. Moreover, the development risk analytics in order to support integration of risk management and performance management are fueling the demand for GRC. This factors are enhancing the deployment of government, risk and compliance storage-based solution segment further propelling the growth of the market.


Geography - Segment Analysis
In 2019, North America dominated the Compliance Management Solution market with a share of more than 42%, followed by Europe and APAC. The presence of dominant players such as Oracle Corporation, Thomson Reuters and so on has highly fueled the growth of compliance management solution market in this region. Moreover, the rising need for automation in organizations are resulting in the development of risk  related to cybersecurity which is leading to the growing demand for compliance management solution.  Also, the presence of several startup in the US are significantly propelling the growth of the compliance management solution market. 

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Location: United States

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