Press release
Leading Element Driving Change in the Legal, Risk and Compliance Solution Market in 2025: Growing Demand For Legal, Risk, And Compliance Solutions Amidst Escalating Cyber Threats Driver
Legal, Risk and Compliance Solution Market Size
The increasing threat of cyberattacks is expected to propel the legal, risk, and compliance solution market. As cyber threats become more advanced due to increased connectivity and data breaches, organizations are investing in solutions to protect against these attacks. These solutions help manage risks and ensure compliance with regulations. In November 2022, the Cyber Security Centre reported 76,000 cyberattacks in Australia, marking a 13% rise from the previous year, thus driving the market for legal and risk compliance solutions.
Get Your Legal, Risk and Compliance Solution Market Report Here:
https://www.thebusinessresearchcompany.com/report/legal-risk-and-compliance-solution-global-market-report
What is the future CAGR of the legal, risk and compliance solution market, and how will it impact industry expansion?
The legal, risk, and compliance solutions market will grow from $9.83 billion in 2024 to $10.66 billion in 2025 at a CAGR of 8.5%, driven by globalization, compliance failures, and growing data management needs.
The legal, risk, and compliance solution market is set to expand to $14.59 billion by 2029 at a CAGR of 8.2%. Growth drivers include increasing regulatory complexity, global business expansion, the rising need for integrated risk management, and a greater emphasis on corporate governance. Emerging trends include the adoption of AI-driven automation, advancements in regulatory technology, increased investments in compliance solutions, and strategic industry partnerships.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15411&type=smp
What are the most significant trends transforming the legal, risk and compliance solution market today?
In the legal, risk, and compliance solution market, companies are leveraging artificial intelligence (AI) to improve efficiency, streamline compliance processes, and reduce costs. AI-powered solutions help businesses track and implement regulatory changes effectively. For example, in April 2024, Wolters Kluwer N.V. introduced the OneSumX Reg Manager to streamline regulatory change management for community banks and credit unions, integrating AI to improve compliance and risk management.
Which key market segments comprise the legal, risk and compliance solution market and drive its revenue growth?
The legal, risk and compliance solution market covered in this report is segmented -
1) By Component: Software, Services
2) By Type: Legal Research And Knowledge Management Solutions, Reporting And Analytics Solutions, Regulatory Monitoring Solutions, Other Type
3) By Deployment: On-Premises, Cloud-Based
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare And Life Sciences, Manufacturing And Automotive, Retail And Consumer Goods, Other Industry Vertical
Subsegments:
1) By Software: Governance, Risk, and Compliance (GRC) Software, Regulatory Technology (RegTech) Software, Contract Management Software, Policy Management Software, Legal Research And Analytics Software, Incident Management Software
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15411
What regions are at the forefront of legal, risk and compliance solution market expansion?
North America was the largest region in the legal, risk and compliance solution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the legal, risk and compliance solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the legal, risk and compliance solution market?
Major companies operating in the legal, risk and compliance solution market are Microsoft Corporation, Dell Technologies Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Fidelity National Information Services Inc., HCL Technologies Limited, ServiceNow Inc., Thomson Reuters Corporation, SAS Institute Inc., Wolters Kluwer, LexisNexis Group, Software AG, RSA Security LLC, Rapid7 Inc., Tenable Inc., Diligent Corporation, Mitratech Holdings Inc., NAVEX Global Inc., MetricStream Inc., Riskonnect Inc., Galvanize Inc., Resolver Inc., Lockpath Inc., Bwise Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=15411&type=smp
What Is Covered In The Legal, Risk and Compliance Solution Global Market Report?
•Market Size Forecast: Examine the legal, risk and compliance solution market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the legal, risk and compliance solution market for a structured understanding.
•Key Players Overview: Analyze major players in the legal, risk and compliance solution market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the legal, risk and compliance solution market.
•Segment Contributions: Evaluate how different segments drive overall growth in the legal, risk and compliance solution market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the legal, risk and compliance solution market.
•Industry Challenges: Identify potential risks and obstacles affecting the legal, risk and compliance solution market.
•Competitive Landscape: Review strategic developments in the legal, risk and compliance solution market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Element Driving Change in the Legal, Risk and Compliance Solution Market in 2025: Growing Demand For Legal, Risk, And Compliance Solutions Amidst Escalating Cyber Threats Driver here
News-ID: 3927034 • Views: …
More Releases from The Business Research Company
Booming Construction Activity Drives Growth of the Voice Gender Conversion Artif …
What Will the Voice Gender Conversion Artificial Intelligence (AI) Market Size Reach by 2025?
The sphere of artificial intelligence dedicated to voice gender conversion has witnessed remarkable, rapid expansion lately, projected to ascend from a valuation of $1.06 billion in 2024 to $1.33 billion the following year, exhibiting a compound annual growth rate of 25.5%. This historical upward trajectory is fueled significantly by the wider integration of AI within the media…
Future of the Vertical Video Templates Marketplaces Market: Key Innovations and …
What Market Value Will the Vertical Video Templates Marketplaces Industry Achieve by 2025?
The market for vertical video templates has experienced substantial expansion lately, projected to move from a valuation of $1.24 billion in the year 2024 to reach $1.45 billion by 2025, reflecting a compound annual growth rate (CAGR) of 16.7%. This historical upward trajectory is primarily fueled by several key factors: a widespread embrace of brief video formats, the…
Global Vector Index Freshness Management Market Expected to Grow at 22.5% CAGR, …
What Will the Vector Index Freshness Management Market Size Reach by 2025?
The market valuation for vector index freshness management has experienced rapid expansion lately, escalating from a figure of $1.35 billion in 2024 to an anticipated $1.65 billion just one year later in 2025, reflecting a compound annual growth rate (CAGR) of 22.8%; this substantial historical uplift is primarily fueled by the amplified deployment of large language models, heightened attention…
2025-2034 User-Generated Content Rights Platform Market Evolution: Emerging Oppo …
"What Is the Projected Size of the User-Generated Content Rights Platform Market by 2025?
The market encompassing platforms for user-generated content rights has seen rapid expansion lately, projected to increase its valuation from 1.74 billion US dollars in 2024 to 2.15 billion US dollars the subsequent year, reflecting a compound annual growth rate (CAGR) of 23.3%. This historical expansion primarily stems from several contributing factors, notably the surge in digitally produced…
More Releases for Solution
EVCC/SECC, EVCC Overall Solution, SECC Overall Solution
What is secc EV? Supply Equipment Communication Controller. Our Supply Equipment Communication Controller (SECC) acts as the main controller for the charging process.
What is a SECC [https://www.midapower.com/]? SECC may refer to: Single Edge Contact Cartridge, a connector for microprocessors. SECC (metal), a low-cost sheet metal often used for computer cases. Scottish Exhibition and Conference Centre, now known as the SEC Centre, an exhibition space in Glasgow, Scotland.
This is full functional…
Call Center Solution for your business call solution
Elevate Your Customer Service with Our Comprehensive Suite of Call Center Solution and Services. Start your customer success journey with the help of ConVox Call Center Solution.
In today's competitive landscape, delivering exceptional customer service is essential. Traditional call centers often struggle with long wait times and overwhelmed agents. This impacts your brand image and bottom line. ConVox Call Center Solution provides the tools needed to transform your call center operations.…
CompanyTRAK Launches Enterprise Solution, a Contact Tracing, Social Distancing S …
Sqwirrel LLC, a Michigan company, has developed patent-pending technology utilizing a combination of enterprise mobile apps, with Bluetooth tags and scanners to bring employees back to their workplace called "CompanyTRAK". The contact tracing technology and social distancing solution provides a safe way to get employees back to work, keep them mindful of social distancing and alert them to possible risks of exposure from symptomatic, positive tested and exposed employees. CompanyTRAK…
Robotic Process Automation (RPA) Market Insights, Forecast to 2025: By Types - A …
Marketresearchreports.biz Announced New Study on Report "Global Robotic Process Automation (RPA) Market Insights, Forecast to 2025."
This report presents the worldwide Robotic Process Automation (RPA) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors…
Euroweb swaps existing Class 4 solution for TELES softswitch solution
Euroweb, one of Romania's leading service providers, has decided to ditch its legacy multi-vendor solution and replace it with a unified wholesale solution based on the C4 Softswitch from the Berlin based Next Generation Networks and Access Gateway vendor TELES.
Identifying TELES as a vendor for the required solution, Euroweb Romania selected TELES C4 softswitch in addition to the TELES Captura WTP (Wholesale Trading Platform), which makes life easier for operators…
RI-Solution GmbH Selects SAP Nearline Solution from SAND
SAND/DNA for SAP BI to be used by major German retailer
Hamburg, April 25, 2006 – RI-Solution GmbH, a Munich-based IT service provider specializing in information systems, services and solutions for retail companies, has licensed SAND/DNA in conjunction with SAP NetWeaver BI 3.5 to meet the needs of a major retail client. The SAND solution, officially certified by SAP as an integrated ABAP add-on with SAP NetWeaver® Business Intelligence (SAP NetWeaver®…
