• About us
  • Contact Us
  • Submit a Press Release
Sunday, February 5, 2023
South-Africana
No Result
View All Result
Submit a Press Release
  • Gambia

    The Republic of Gambia’s measures to combat money laundering and terrorist financing

    Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

    President Barrow Applauds Islamic Development Bank Support to The Gambia –

    Global Banking – Finance Awards® 2022

  • Ghana

    Pandemic control shift seen as economic boon

    Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

    Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

    Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

  • Niger

    MOFI: Nigeria’s strategic vision for sustainable economic recovery

    CHAN 2023: Galaxies, Niger battle for semis slot tonight

    New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

    Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

  • Nigeria

    World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

    Godwin Emefiele: Softly, softly

    Nigeria, India unveil millet production to tackle food insecurity

    DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

  • More Countries
    • Benin
    • Burkina Faso
    • Cape Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Ivory Coast
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
  • AFRICA
    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

  • Press releases

    UHT Processing Market Statistics, Growth, Trends & Forecasts

    Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

    Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

    Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

    Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

    Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

    Data Center Power Market Projected to Gain $26.1 billion by 2025

    Low VOC Adhesives Market worth $63.3 billion by 2026

    Low VOC Adhesives Market worth $63.3 billion by 2026

    Trending Tags

    • Gambia

      The Republic of Gambia’s measures to combat money laundering and terrorist financing

      Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

      President Barrow Applauds Islamic Development Bank Support to The Gambia –

      Global Banking – Finance Awards® 2022

    • Ghana

      Pandemic control shift seen as economic boon

      Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

      Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

      Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

    • Niger

      MOFI: Nigeria’s strategic vision for sustainable economic recovery

      CHAN 2023: Galaxies, Niger battle for semis slot tonight

      New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

      Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

    • Nigeria

      World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

      Godwin Emefiele: Softly, softly

      Nigeria, India unveil millet production to tackle food insecurity

      DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

    • More Countries
      • Benin
      • Burkina Faso
      • Cape Verde
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Ivory Coast
      • Liberia
      • Mali
      • Mauritania
      • Niger
      • Nigeria
      • Senegal
      • Sierra Leone
      • Togo
    • AFRICA
      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    • Press releases

      UHT Processing Market Statistics, Growth, Trends & Forecasts

      Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

      Data Center Power Market Projected to Gain $26.1 billion by 2025

      Low VOC Adhesives Market worth $63.3 billion by 2026

      Low VOC Adhesives Market worth $63.3 billion by 2026

      Trending Tags

      Submit a Press Release
      No Result
      View All Result
      West-africana
      Submit PR
      Home Press Releases

      Regulatory Compliance Management Software Market Estimated to Grow at a CAGR of 12.5% During the Forecast Period 2021-2026

      admin by admin
      February 28, 2022
      in Press Releases
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, February 28, 2022 ) Regulatory Compliance Management Software Market size was valued at $27.8 billion in 2020 and it is estimated to grow at a CAGR of 12.5% during 2021-2026. The main factor behind the growth of Regulatory Compliance Management Software market is increasing implementation of regulatory control solutions such as policy management, compliance management, audit management, incident management, risk management, case management, financial control management and others. Different business organizations are opting for these solutions in order to reduce the monetary and reputational damage caused by non-compliance. Furthermore, the increasing sophistication of the business compliance and regulatory management environment has paved the way for the introduction of governance and risk and compliance (GRC) solutions across different industry domains. Hence, the above-mentioned factors will drive the growth of Regulatory Compliance Management Software industry in 2021-2026.

      Regulatory Compliance Management Software Market Segment Analysis – by Deployment Type

      By deployment type the market is segmented into on premise and cloud. Cloud based is set to grow at highest CAGR of 13.52% during the forecast period 2021-2026 owing to its high adoption across the industry verticals. According to Flexera 2020 State of the Cloud Report, 87% of the enterprises are deploying the cloud solutions thus suggesting it has the highest market share in 2020. The nearly infinite computing power reduced operational cost, simple deployment, installation and up-gradation process, higher flexibility, easy maintenance, greater reliability and many other benefits, make cloud-based regulatory compliance management software more desirable than on-premise ones. Due to the above-mentioned factors, the demand for cloud-based regulatory compliance management software is growing and to meet the requirements many organizations are launching this type OS cloud-based product. For instance, in 2019, AssurX launched its new cloud-based regulatory compliance software specifically designed to extend the quality processes across the organizations. Hence, the above-mentioned factors are set to boost the growth of cloud-based regulatory compliance management market in 2021-2026.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19329

      Report Price: $ 4500 (Single User License)

      Regulatory Compliance Management Software Market Segment Analysis – By End Users

      The Regulatory Compliance Management Software market is segmented into ICT, Construction & Engineering, Mining, Retail, Healthcare, Transportation & Logistics, General Manufacturing, BFSI and Others, based on the End-Users. According to Regulatory Compliance Management Software market report of IndustryARC, ICT industry vertical has registered the largest market share of about 20.16% for regulatory compliance management software market in 2020 and is estimated to grow at a significant rate owing to the nature as well as the amount of data this sector collects, stores, processes and handles. The ICT industry collects, stores, and processes data from users on a large scale, which makes this sector a prime target for cyber-attackers, thus making it necessary to regularly update their policies in order to avoid the cyber threats. PCI-DSS, GDPR, FISMA, SOX, HIPAA are some of the prominent regulations followed by the ICT companies worldwide. Regulatory compliance management software helps the enterprises by sensing and interpreting threats, introducing modern data formats and leveraging technologies to create relevant and actionable perspectives.

      Regulatory Compliance Management Software Market Segment Analysis – by Geography

      North America has dominated the market with highest market share around 30.52%, during the forecast period 2021-2026, owing to the early penetration of advanced technologies, growing cyber-threats and stringent Government regulatory norms. Furthermore, rapid commercialization and globalization led to an increased intervention of the government by making stringent policies for fair trade practice, which in turn drives this market. The introduction of enterprise governance, risk and compliance (EGRC) was aimed to address the complexity of complying with the stringent regulatory policies resulting in a higher demand for the EGRC solutions. Furthermore, the slow down or growth in the economy of Asian countries such as India, China, among many others is poised to result in updates in existing regulations or further introduction of new compliances. In February 2021, The India Information Technology Ministry introduced a new rule to regulate the digital content, which will make the social media companies and online streaming websites more accountable for the content shared in their platforms. This is set to provide the highest growth to the regulatory compliance management software market in the forecast period 2021-2026.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=19329

      Regulatory Compliance Management Software Market – Drivers

      Integration of Advanced Technologies such as AI in Regulatory Compliance Management Software

      With high penetration of cloud computing as well as IoT across industries, there has been a substantial rise in the amount of data generated from every end point, leading to increasing requirement for data silos to be analyzed for risk identification and to provide the stakeholders at the right time. Therefore, to help the organizations to fulfill these requirements, different vendors have begun to provide AI-powered solutions to help businesses meet various regulatory and compliance requirements. Integrated with analytical tools, AI-powered solutions and the platforms help the businesses extract insights from large volumes of data which in turn help them in making informed decisions. In April 2020, OneTrust launched a new product completely integrated with OneTrust platform, OneTrust DataDiscovery, which helps the organizations to discover as well as classify data from structured, unstructured data types. This product also helps the business to automatically fulfill privacy rights requests under the GDPR, CCPA, LGPD, PDPA and demonstrate compliance through built-in reporting along with governance. Similarly, in December 2020, a global leader in SaaS governance, risk and compliance (GRC) software, Galvanize announced about its strategic partnership with Compliance.ai, to increase the regulatory content available in Galvanize’s HighBond platform. In addition, different tasks that deal with risk management can be automated by AI technology. Hence these advantages are analyzed to drive the Regulatory Compliance Management Software Market in the forecast period 2021-2026.

      Stringent Regulations Imposed by Government and Other Governing Bodies

      Massive demand for regulatory compliance management software, created by the increasing complexity of regulatory standards and the growing requirement to comply with different regulations imposed by governing bodies, is one of the major growth drivers for this market. IT infrastructure and related business processes are directly influenced by regulatory compliance policies, which affects the growth of this market positively. Enterprises are focused on transitioning from traditional rules and directives to regulatory compliance such as the Sarbanes-Oxley Act (SOX), 2002 to advanced risk- and compliance-related regulatory concerns. Furthermore, various businesses are adopting regulatory compliance management software solutions in the current economic scenario to advance their business prospects and to prevent operational as well as financial loss while staying compliant with regulations such as HIPAA, GDPR, COBIT as well as other states and federal mandates. In January 2019, Google was fined $57m in France for non-compliance with General Data Protection Regulations (GDPR). Such failures of complying with these regulations and requirements can contribute to devastating business losses, thus the increasing rigor of compliance mandates in the coming years is likely to drive market growth for regulatory compliance management software market.

      Regulatory Compliance Management Software Market – Challenges

      High variation in policy structure

      The framework of regulatory policies and governance structure varies from business to business and from nation to nation, which hampers the growth of this market. Many countries such as Afghanistan, Iraq, Nigeria and others, do not have enough governing bodies for the enforcement and governance of these policies. Furthermore, such policies need to be enforced and governed by, considering different aspects, such as micro and macro-economic risk factors along with the different business requirements. Lack of a global standard of these policies and the above-mentioned factors make it difficult for vendors of this market to meet the different end-user requirements. In those countries, where regulatory standards and frameworks implemented by governing bodies are lacking, companies have to focus on enforcing in-house regulatory policies and guidelines. Hence, these factors are set to impede the growth of the market during the forecast period 2021-2026.

      Regulatory Compliance Management Software Market Landscape

      Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Regulatory Compliance Management Software Market. Regulatory Compliance Management Software top 10 companies include MasterControl Inc., MetricStream Inc., IBM Corporation, Intelex Technologies Inc., SAP SE, BWise B.V., Sparta Systems Inc., Quantivate, LLC, Kofax Inc., RSA Security LLC, and among others.

      Acquisitions/Technology Launches

      In April 2020, Metric Stream launched its COVID-19 related regulatory compliance software to provide COVID-19 related regulatory updates such as global regulatory notices, updates, changes and other related information for multiple industry domains. This features a rapid deployable in a secure cloud environment that facilitates easier and safe platform for employees, partners and vendors to share the right information needed for management of COVID-19 programs effectively

      In April 2020, Wolters Kluwer’s CPM business had announced its COVID-19 related regulatory compliance software to provide COVID-19 related regulatory updates. The prime aim was to provide COVID-19 related regulatory updates such as global regulatory notices, updates, changes and other related information for the BFSI sector.

      Key Takeaways

      ICT sector dominated the market in 2020 with the highest Regulatory Compliance Management Software market share and is analyzed to grow with a significant amount of growth, owing to the nature and the amount of data this sector collects, processes and stores.

      North America held the major market share and is anticipated to witness significant growth during the forecast period, owing to early penetration of advanced technologies, growing cyber-threats and stringent Government regulatory norms.

      The market of Regulatory Compliance Management Software is estimated to witness a significant upsurge during the forecast period, owing to the integration of smart technologies in regulatory compliance management software.

      Regulatory Compliance Management Software industry outlook is consolidated with top market players including MasterControl Inc., MetricStream Inc., IBM Corporation, Intelex Technologies Inc., SAP SE and others.

      Related Reports:

      A. Compliance Management Solution Market

      https://www.industryarc.com/Report/18642/compliance-management-solution-market.html

      B. Governance, Compliance and Risk Software Market

      https://www.industryarc.com/Report/18637/governance-compliance-and-risk-software-market.html

      For more Information and Communications Technology Market reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Avocado Oil Market Size Estimated to Reach $7,851 Million by 2026

      Next Post

      Anisindione Market Size Forecast to Reach $155 Million by 2026

      Related Posts

      Press Releases

      UHT Processing Market Statistics, Growth, Trends & Forecasts

      February 3, 2023
      Press Releases

      Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

      February 3, 2023
      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026
      Press Releases

      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

      February 3, 2023
      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024
      Press Releases

      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

      February 3, 2023
      Press Releases

      Data Center Power Market Projected to Gain $26.1 billion by 2025

      February 3, 2023
      Low VOC Adhesives Market worth $63.3 billion by 2026
      Press Releases

      Low VOC Adhesives Market worth $63.3 billion by 2026

      February 2, 2023

      Discussion about this post

      LATEST NEWS

      Senegal: ITFC announces US$435 mln support in key economic … – Ecofin Agency: Economic information from Africa

      February 5, 2023

      Senegal win shootout against Algeria to lift African Nations … – Insidethegames.biz

      February 5, 2023

      Africa: Senegal Star Sy Named CHAN 2022 Best Goalkeeper – AllAfrica – Top Africa News

      February 5, 2023

      SIERRA LEONE: the promise of reforestation based on drone remote sensing – AFRIK 21

      February 5, 2023

      About

      West Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Western African countries.

      We provide press release distribution to media outlets in Africa including Gambia, Ghana, Niger, Nigeria and  Africa. To submit a press release today, contact us.

      Categories

      GAMBIA

      GHANA

      NIGER

      NIGERIA

      AFRICA

      PRESS RELEASES

      MORE COUNTRIES

      Recent Post

      Recent Posts
      • Senegal: ITFC announces US$435 mln support in key economic … – Ecofin Agency: Economic information from Africa
      • Senegal win shootout against Algeria to lift African Nations … – Insidethegames.biz
      • Africa: Senegal Star Sy Named CHAN 2022 Best Goalkeeper – AllAfrica – Top Africa News
      • SIERRA LEONE: the promise of reforestation based on drone remote sensing – AFRIK 21

      Subscribe to Our Newsletter

        Share Us

        Share Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

        No Result
        View All Result
        • Gambia
        • Ghana
        • Niger
        • Nigeria
        • More Countries
          • Benin
          • Burkina Faso
          • Cape Verde
          • Gambia
          • Ghana
          • Guinea
          • Guinea-Bissau
          • Ivory Coast
          • Liberia
          • Mali
          • Mauritania
          • Niger
          • Nigeria
          • Senegal
          • Sierra Leone
          • Togo
        • AFRICA
        • Press Releases
        • About us
          • Submit Press Release
          • Contact Us

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC