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Leading Element Driving Change in the Compliance Management Software Market in 2025: Driving Growth of Compliance Management Software Market Amid Rising Cybersecurity Risks Driver
Compliance Management Software
The rising risk of cyberattacks is expected to propel the growth of the compliance management software market. Cyberattacks are malicious attempts to disrupt or gain unauthorized access to computer systems and networks. The growing risk of cyberattacks is linked to the increasing digitalization of business operations and vulnerabilities in technology. Compliance management software helps mitigate risks by facilitating risk management, ensuring regulatory compliance, and improving incident response. According to the Australian Cyber Security Centre, reports of cyber-crime increased by 13% in 2022. Thus, the rising risk of cyberattacks is boosting the growth of the compliance management software market.
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What growth opportunities are expected to drive the compliance management software market's CAGR through 2034?
The compliance management software market has seen rapid growth in recent years. It will increase from $52.85 billion in 2024 to $60.49 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%. The growth is attributed to the increasing need for regulatory compliance, greater IoT adoption, a rise in cloud-based solutions, and enhanced business agility.
The compliance management software market is forecast to grow rapidly, reaching $102.51 billion by 2029 with a CAGR of 14.1%. Growth drivers include the increasing demand for IT security, digital solutions, the rising risk of cyberattacks, and growing regulatory compliance needs. Key trends include customization and scalability, blockchain for compliance tracking, communication tools, and regulatory technology.
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What are the emerging trends shaping the future of the compliance management software market?
Companies in the compliance management software market are developing innovative solutions like compliance managers to meet the growing demand for digital compliance and regulatory requirements. A compliance manager is a tool that streamlines the compliance process, from purchasing to setup and ongoing management. For instance, in March 2024, Zoom Video Communications, Inc., a US communications tech firm, launched the IT Zoom compliance manager. This all-in-one solution offers integrated compliance capabilities, archiving, eDiscovery, legal hold, risk detection, automated alerts, task management, and reporting, aiming to help organizations meet stricter regulations and reduce compliance risks.
Which growth-oriented segments of the compliance management software market are leading the industry's development?
The compliance management software market covered in this report is segmented -
1) By Offering: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Healthcare, Government, Retail, Manufacturing, Other End-User
Subsegments:
1) By Software: Regulatory Compliance Management Software, Risk Management Software, Audit Management Software, Policy And Procedure Management Software, Document Management Software, Incident Management Software, Compliance Reporting And Monitoring Software
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Audit And Compliance Assessment Services, Managed Services
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What regions are leading the charge in the compliance management software market?
North America was the significant region in the compliance management software market in 2023. The regions covered in the compliance management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the compliance management software market?
Major companies operating in the compliance management software market are Microsoft Corporation, Dell Technologies Corporation, International Business Machines Corporation, Oracle Corporation, Systems Applications And Products in Data Processing Societas Europaea, ServiceNow Inc., Diligent Corporation, Qualys Inc., NAVEX Global Inc., MetricStream Inc., Alcumus Group Limited, SAI Global Pty Limited, Enablon, Galvanize Inc., Resolver Inc., ComplianceQuest Inc., Convercent Inc., AssurX Inc., Onspring Technologies LLC, ProcessGene Ltd., Compli Inc., LogicManager Inc., ConvergePoint Inc., Accupoint Software Solutions, 360factors Inc.
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What Is Covered In The Compliance Management Software Global Market Report?
•Market Size Forecast: Examine the compliance management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the compliance management software market for a structured understanding.
•Key Players Overview: Analyze major players in the compliance management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the compliance management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the compliance management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the compliance management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the compliance management software market.
•Competitive Landscape: Review strategic developments in the compliance management software market, including expansions, agreements, and new product launches.
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