Compliance Management Solution Market - Forecast(2020 - 2025)

Report Code: ITR 0190 Report Format: PDF + Excel (Delivery in 48 Hrs)
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. 

Drivers – Compliance Management Solution Market
  • Rising demand for IT Security, Privacy and Compliance 
The rising risk of cyber threats has significantly led to the growing demand for right talent in order to reduce the cyber risks. Moreover, the businesses today are struggling to respond the common cyber threats which has raised the need for compliance management solutions. According to Cyber & Data Security Risk Survey from Marsh and McLennan, in 2018 18% of the small businesses said that they developed cyber incident response plan. Thus, the significant need for efficient compliance talent and efficient planning by organization for cyber incidents has led to the growing demand for IT security, privacy and compliance management solution. 
  • Rise of Automation
The deployment of cloud and building infrastructure, companies are looking forward to automate the validation process which will embed several ways for gaining visibility and predict parts of compliance in the architecture. This will also allow the companies to understand the security and led to the validation process by reviewing the dashboards which becomes more relevant and effective with more dynamic new technologies. Furthermore, by embedding automated dashboards for enterprise security monitoring architecture, organizations are leading to enhance the use of compliance management solution. 

Challenges – Compliance Management Solution Market
  • Lack of Latest Technology-based Platform
The lack of latest technology-based platforms in organizations due to the dynamic regulatory updates and transformation in the work culture are affecting the deployment of compliance management solution. The presence of this type of legacy systems  results in failure while highlighting  the compliance risk, and makes them more complex which leads the system to become ineffective. This creates challenge for the compliance management solutions and hampers the growth of the market. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Compliance Management Solution market. In 2019, the market of Compliance Management Solution has been consolidated by the major players – Software AG, NTT Group, Oracle Corporation, Sparta Systems Inc., Arena Solutions Inc., Pilgrim Quality Solutions Inc., MasterControl Inc., Aras Corporation, SAP SE and Thomson Reuters.

Acquisitions/Technology Launches
  • In December 2019, NTT Group announced the launch of compliance management solution by using robotic process automation (RPA). This solution offers the analysis of data from Internal-HR and compliance on premise and cloud-based systems. This also support customer in strengthening their responsibility and internal governance control. 
  • In July 2018, Thomson Reuters announced the expansion of its award-winning Connected Risk software platform with the launch of Compliance Management solution. This new solution is specifically designed to support risk and compliance professionals for demonstrating strong governance and lead to enterprise-wide regulatory scrutiny. 
1. Compliance Management Solution Market - Overview
1.1. Definitions and Scope
2. Compliance Management Solution Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Compliance Management Solution Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Compliance Management Solution Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Compliance Management Solution Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Compliance Management Solution Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Compliance Management Solution Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Compliance Management Solution Market – By Type (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Regulatory Compliance Solution
8.3.2. ADA Compliance Solution
8.3.3. HIPPA Compliance Solution
8.3.4. Website Accessibility Services
8.3.5. WCAG Compliance
9. Compliance Management Solution Market – By Platform (Market Size -$Million / $Billion)
9.1. Website
9.2. Mobile Application
10. Compliance Management Solution Market – By Storage Based (Market Size -$Million / $Billion)
10.1. Third Party Risk Management
10.2. Policy and Procedure Management
10.3. Product and Service Offer Management
10.4. Governance, Risk and Compliance Management
11. Compliance Management Solution Market – By Application (Market Size -$Million / $Billion)
11.1. Financial Industry
11.2. Medical Industry
11.3. Legal Industry
11.4. Real Estate Industry
11.5. Manufacturing Industry
12. Compliance Management Solution - By Geography (Market Size -$Million / $Billion)
12.1. Compliance Management Solution Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Product type and Application Market Size
12.2.5.1. U.S.
12.2.5.2. Canada 
12.2.5.3. Mexico 
12.2.5.4. Rest of North America
12.3. Compliance Management Solution - South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Product type and Application Market Size
12.4.5.1. Brazil  
12.4.5.2. Venezuela
12.4.5.3. Argentina
12.4.5.4. Ecuador
12.4.5.5. Peru
12.4.5.6. Colombia 
12.4.5.7. Costa Rica
12.4.5.8. Rest of South America
12.5. Compliance Management Solution - Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Product type and Application Market Size
12.6.5.1. U.K  
12.6.5.2. Germany 
12.6.5.3. Italy 
12.6.5.4. France
12.6.5.5. Netherlands
12.6.5.6. Belgium
12.6.5.7. Spain
12.6.5.8. Denmark
12.6.5.9. Rest of Europe
12.7. Compliance Management Solution – APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Product type and Application Market Size
12.8.5.1. China 
12.8.5.2. Australia
12.8.5.3. Japan 
12.8.5.4. South Korea
12.8.5.5. India
12.8.5.6. Taiwan
12.8.5.7. Malaysia
13. Compliance Management Solution Market - Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Compliance Management Solution Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application – Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level- Top 10 companies
14.1.6. Best Practises for companies
15. Compliance Management Solution Market – Key Company List by Country Premium
16. Compliance Management Solution Market Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. Software AG
16.3. Corporator
16.4. partnership Organization
16.5. Company 4
16.6. Company 5
16.7. Company 6
16.8. Company 7
16.9. Company 8
16.10. Company 9
16.11. Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
18. Compliance Management Solution Market -Appendix
18.1. Abbreviations
18.2. Sources
19. Compliance Management Solution Market -Methodology Premium
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
19.1.11. Supply and Demand Trends