[FURL=https://www.industryarc.com/Report/18642/compliance-management-solution-market.html]Compliance Management Solution Market[/FURL] 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. 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.
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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
Rise of Automation
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.
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