ICT, Construction & Engineering, Mining, Retail, Healthcare, Transportation & Logistics, General Manufacturing, BFSI, and Others are the end-user segments of the regulatory compliance management software market. The ICT industry vertical has the largest market share of about 20.16% for regulatory compliance management software market in 2020, according to IndustryARC’s report, and is expected to grow at a significant rate because of the type and quantity of data this industry collects, stores, processes, and manages. using ICTIndustry gathers, processes, and stores user data on a large scale, making it a prime target for cyberattackers. As a result, industry must frequently update its policies to protect itself from online threats. The ICT industry around the world complies with a number of important regulations, including PCI-DSS, GDPR, FISMA, SOX, and HIPAA. Software for managing regulatory compliance assists businesses by identifying and analysing threats, introducing contemporary data formats, and utilising technologies to produce pertinent and useful perspectives.
Due to the early adoption of cutting-edge technologies, rising cyberthreats, and strict governmental regulatory norms, North America has dominated the market with a highest market share of approximately 30.52% during the forecast period of 2021–2026. Additionally, as a result of increased government intervention through the implementation of strict policies for fair trade practises, which in turn drive this market, rapid commercialization and globalisation have increased. Enterprise governance, risk, and compliance (EGRC) was created with the intention of addressing the difficulty of adhering to strict regulatory policies, which in turn increased demand for EGRC solutions. In addition, the economy of many Asian nations, including China and India, is poised to either slow down or grow.updates to current regulations or the further introduction of new requirements. A new rule to control digital content was introduced by the India Information Technology Ministry in February 2021. This rule will hold social media platforms and online streaming services more responsible for the content shared on their platforms. The regulatory compliance management software market is anticipated to grow at the highest rate during the anticipated period of 2021–2030.
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Key players in the global Regulatory Compliance market
Intercontinental Exchange
MetricStream
Enablon
BDO Global Coordination B.V.
Baker Tilly International
IBM
Sparta Systems
SAP
PricewaterhouseCoopers
KPMG
Deloitte
Ernst & Young
Grant Thornton International
Protiviti Inc.
Norton Rose Fulbright
on the basis of types, the Regulatory Compliance market
Service
Software
on the basis of applications, the Regulatory Compliance market
Large Enterprises
SMEs
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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