Market Research Report
Global Audit Software Market Research Report Forecast to 2025
|Published by||Market Research Future||Product code||954973|
|Published||Content info||107 Pages
Delivery time: 1-2 business days
|Global Audit Software Market Research Report Forecast to 2025|
|Published: April 17, 2020||Content info: 107 Pages||
Global Audit Software Market is expected to reach a CAGR of 14.48% during the assessment period. The audit software figures out and automate all the audit operations and applicable regulations, standard, guidelines, development of audit plans and checklists, execution, observation, reporting, and monitoring, and plans. This software helps organizations to manage all the audit-related tasks with accurate and complete inspection through an integrated platform.
The global audit software is anticipated to reach the incredible growth in the forecast period owing to the increasing adoption of cloud-based services and the integration of various technologies such as machine learning and artificial intelligence with audit software. The market growth of the global audit software is attributed to the rising need for corporate governance, regulatory requirements, and compliance, and the requirement of organizations to increase operational efficiency, high-quality reports, and enhanced accuracy of audit software. All these factors are expected to create great opportunities for active players operating in the global audit software during the study period.
Global Audit Software Market is segmented based on the Component, Deployment Model, organization size, and vertical. Based on component type the global market has been categorized into Solution and Services. By deployment model, the audit software market has been classified as On-premise and cloud. By organization size, the market is classified into Large Enterprises and Small & Medium Enterprises. Based on verticals the audit software market has been segregated among BFSI, Energy & Utility, Manufacturing, Food & Beverage, Accounting/CPA firms, Non-Profit Organizations, and, others.
Region-specific analysis of the Global Audit Software Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, North America contributed the largest market share, valued at USD 195.9 million. The audit software market in North America is evaluated to reach a CAGR of 15.05% during the review period. The regional market growth is propelled by the increasing demand for effective risk management and regulatory compliance, the presence of various software companies in the region, and investments from small and medium-sized businesses.
The audit software market in the Asia-Pacific market is expected to grow at a higher CAGR of 16.43% by 2025. The regional market growth is driven by the continuous requirement for effective risk management and regulatory compliance, the existence of numerous companies, and investments from the small and medium businesses.
The Key Players in the Global Audit Software Market are Netwrix Corporation (US), SHLOKLABS (Portugal), MetricStream (US), Intelex Technologies (Canada), MasterControl, Inc. (US), Gensuite (US), IQVIA (US), AuditDesktop (Bulgaria), SAP SE (Germany), LogicManager (US), Onspring Technologies (US), and IQS, Inc. (the US).
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