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Venkat Reddy
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Regulatory Compliance Management Software Market Expected to Reach $48.8 Billion by 2025
Integration of Regulatory Compliance Management Software With AI and Other Technologies Driving the Growth of Regulatory Compliance Management Software Market.

BriefingWire.com, 1/13/2021 - Regulatory Compliance Management Software Market is expected to reach $48.8 billion by 2025 at a CAGR of 12.0% during the forecast period 2020-2025. Increasing adoption of regulatory management solutions by various enterprises to overcome monetary and reputational risk of non-compliance is anticipated to be the key growth driver. Moreover, the rising complexity of compliance and regulatory management environment in businesses has paved the way to implement governance these Software across various industries. In addition, Regulatory Compliance Management Software is designed to help companies to understand what regulations, policies and obligations are applicable to them globally or at the site level, and to manage changes to applicable environmental, health and safety regulations. Hence these benefits are analyzed to drive the market in the forecast period 2020-2025.

Key Takeaways

North America dominated the market by a market share of more than 34% in 2019, early adoption of advanced technologies, increasing cyber security attacks and stringent government regulations are analysed drive the market.

Cloud deployment is growing at a highest CAGR of 16.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment.

The increasingly complex regulatory environment and need to comply with various regulations imposed by the governing bodies are expected to create a demand for Regulatory Compliance Management Software.

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Regulatory Compliance Management Software Market Segment Analysis - By Geography

North America dominated the market by a market share of more than 34% in 2019, early adoption of advanced technologies, increasing cyber security attacks and stringent government regulations are analyzed drive the market. The organizations in the region are opting for agile and advanced Software solutions that entail fewer resources due to veritable staffing drought and cyber threats. Regulatory Management Software helps to manage the general activities of organizations. Various organizations have adopted different compliance and risk management Softwares by 2019 to avoid monetary losses.

Regulatory Compliance Management Software Market Drivers

Stringent regulations by government and other governing bodies

Integration of Regulatory Compliance Management Software with AI and other technologies

Regulatory Compliance Management Software top 10 companies include MetricStream, MasterControl, Intelex, SAP SE, IBM Corporation, Sparta Systems, Quantivate, BWise, Kofax Software Company, Computer Services, RSA Security among others.

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