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.