PUBLISHER: The Business Research Company | PRODUCT CODE: 1694793
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694793
Policy management software is specialized software designed to assist organizations in creating, distributing, monitoring, and enforcing policies and procedures across various areas such as human resources, compliance, cybersecurity, and safety protocols.
The primary categories of policy management software include solutions and services. Solutions comprise software tools, technologies, and methodologies aimed at organizing and enforcing policies within an organization. These solutions are deployed either on-premise or in the cloud and cater to enterprises of different sizes, including large, small, and medium enterprises. They find applications across various industry verticals such as banking, financial services, insurance (BFSI), information technology, telecommunications, energy, utilities, healthcare, government, defense, manufacturing, and retail.
The policy management software market research report is one of a series of new reports from The Business Research Company that provides policy management software market statistics, including policy management software industry global market size, regional shares, competitors with a policy management software market share, detailed policy management software market segments, market trends and opportunities, and any further data you may need to thrive in the policy management software industry. This policy management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The policy management software market size has grown rapidly in recent years. It will grow from $1.82 billion in 2024 to $2.18 billion in 2025 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to regulatory compliance requirements, increasing data security concerns, corporate governance initiatives, demand for centralized policy repositories, need for streamlined audit processes.
The policy management software market size is expected to see rapid growth in the next few years. It will grow to $4.35 billion in 2029 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to growing adoption of artificial intelligence (AI) for policy analysis, emergence of remote work and distributed workforce management, expansion of industry-specific compliance standards, rising demand for customizable policy templates, integration of blockchain technology for enhanced policy transparency. Major trends in the forecast period include increased focus on ESG (Environmental, Social, and Governance) compliance, adoption of machine learning for dynamic policy enforcement, rise of industry-specific regulatory requirements driving market growth, expansion of policy management software into emerging markets and SMEs, integration of robotic process automation (RPA) for policy workflow optimization.
The escalating cybersecurity threats are anticipated to drive growth in the policy management software market. Cybersecurity threats pose potential risks to computer systems, networks, and data, leading to unauthorized access, data breaches, and information loss. The surge in cybersecurity threats is attributed to factors such as increased connectivity, data monetization, remote work practices, sophisticated attack techniques, and a lack of awareness among users. Policy management software plays a crucial role in enhancing cybersecurity threat management by facilitating the creation, dissemination, enforcement, and monitoring of cybersecurity policies and procedures. For example, according to the Australian Cyber Security Centre's November 2022 report, cyber-crime reports surged to 76,000, marking a 13% increase from the previous year. This underscores the pressing need for robust policy management solutions to mitigate cybersecurity risks effectively, thereby propelling the growth of the policy management software market.
Leading companies in the policy management software market are focusing on developing innovative technologies, such as centralized policy management solutions, to simplify the process of managing, updating, and auditing privacy policies and notices for compliance with global regulations. A centralized policy management solution is a software platform that allows organizations to manage, distribute, and enforce access policies from a single location, ensuring consistency and compliance across various systems and applications. For example, in May 2023, OneTrust, LLC, a U.S.-based provider of privacy management software platforms, launched OneTrust Policy and Notice Management. This solution enables organizations to manage, update, and audit multiple privacy policies and notices from a single dashboard, ensuring compliance with regulations such as GDPR and CCPA. It offers robust editing features, automated recordkeeping, and maintains an audit trail for ongoing compliance, helping companies demonstrate their commitment to responsible data handling.
In April 2022, Turn/River Capital, a U.S.-based technology investment firm, acquired Tufin for $570 million. This acquisition allows Turn/River Capital to capitalize on the growing demand for network security policy management solutions and explore new opportunities. Tufin, a U.S.-based network security company, specializes in firewall and policy management software.
Major companies operating in the policy management software market are Huawei Technologies Co. Ltd., Cisco Systems Inc., Oracle Corporation, Telefonaktiebolaget LM Ericsson, Ericsson, Nokia Corporation, LogicGate Inc., Juniper Networks Inc., Amdocs, Alcatel-Lucent Enterprise International SAS, Tekelec, NAVEX Global Inc., Mitratech, COMARCH SA., MetricStream Inc., Openet, Riskonnect Inc., Optiva Inc., Zeneth Technology Partners, Resolver Inc., SureCloud, SAI Global, CyberSaint Security, LogicManager, ConvergePoint Inc., Intracom Telecom, WorkflowFirst LLC, ComplianceBridge, ZenGRC (by Reciprocity Labs), Reciprocity Labs
North America was the largest region in the policy management software market in 2024. The regions covered in the policy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the policy management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The policy management software market consists of revenues earned by providing services such as policy creation, dissemination, tracking, compliance monitoring, and documentation management solutions to organizations. The market value includes the value of related goods sold by the service provider or included within the service offering. The policy management software market also includes sales of user interfaces, policy creation tools, distribution channels, access control, and compliance monitoring tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Policy Management Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on policy management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for policy management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The policy management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.