Audit Software Market: Segmentation by Deployment (On-Premise and Cloud) and Geography (North America, Europe, APAC, MEA, and South America) – Forecast to 2025

Parent Market Analysis

Technavio categorizes the world audit software market as part of the global application software market within the information technology market.

Technavio uses the total revenue generated by manufacturers to estimate the size of the global audit software market. The external factors influencing the growth potential of the parent market in the coming years have been thoroughly studied in our research analysis, to learn more about the growth levels of the Audit Software market throughout the span of forecast, Download a free sample.

Audit Software Market Value Chain Analysis

To maximize profit margins and evaluate business plans, an end-to-end understanding of audit software is required. The report will help vendors reduce costs and improve customer services over the forecast period.

  • Submissions
  • Software development process
  • Marketing and distribution
  • After sales services
  • Maintenance and support
  • Innovation

To unlock information on supplier travel costs and customer service, download our free sample report.

Supplier Information

The audit software market is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of this opportunity, sellers in the market should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of the vendors operating in the Audit Software Market including some of the vendors such as Benchmark Digital Partners LLC, CaseWare International Inc., ComplianceBridge Corp., Dassault Systemes SE, Diligent Corp., Ideagen Plc, International Business Machines Corp., NAVEX Global Inc., Wolters Kluwer NV and Workiva Inc.

Backed by competitive intelligence and benchmarking, our Audit Software Market research reports are designed to provide entry support, customer profiling and M&A as well as go-to-market strategic support. Marlet.

Product information and news

  • Reference Digital Partners LLC. Offers audit management software, namely Gensuite audit management software.
  • CaseWare International Inc. Offers audit management software, namely CaseWare Audit with risk and control tracking, audit optimizer and real-time collaboration.
  • ComplianceBridge Corp. Offers audit management software, namely ComplianceBridge Risk Audit Management Software.

The Audit Software Market forecast report offers in-depth information about key vendor profiles and offerings Download a free sample report

Geographical Highlights

The growth of the audit software market share in North America will be significant during the forecast period. United States and Canada are the key markets for the audit software market in North America. Market growth in this region will be slower than market growth in APAC.

The need to rationalize the financial structure of companies and to respect the regulations in force are the key drivers expected to drive the Audit Software Market in North America during the projected period.

The United States and Canada are the major revenue-generating countries in the North America market. Most organizations of United States struggle to manage emerging and unexpected risks in their financial structuring. This can lead to loss of revenue and business disruption. To address these issues, companies are turning to audit software, which can help streamline the audit process. Auditing helps in the early detection of financial problems, which can then be avoided by taking corrective action. Thanks to these advantages of audit software, the market for North America grows at a steady rate.

In addition, countries like the United States, CanadaUK, Germanyand France are the key market for the audit software market in North America.

To unlock the best strategies practiced by the region that generates maximum growth, View sample report

Key Market Dynamics-

  • Key Audit Software Market Drivers:
    • Increased demand for cloud-based audit software

Lower upfront expenses and low integration complexity are two benefits of cloud-based audit software. Additionally, the cloud-based audit software facilitates secure online communication with clients and colleagues. Companies have been able to adopt emerging technologies such as cognitive technology, blockchain, and others as a result of adopting the software, and these are used to predict knowledge-based audits and validate results. Owing to these benefits, end users are adopting cloud-based audit software at a faster rate, driving market growth over the projection period.

  • Key Audit Software Market Trends:
    • Integration of cognitive technology with audit software

Cognitive technology based auditing software uses algorithms to perform data analysis on massive amounts of financial data to extract insights from the data and provide reports based on the company’s financial structure . In the audit reporting process, AI also enables the deployment of strategies based on data-generated insights to improve risk management. Organizations can also use AI-based analytics to deliver high-quality audits to examine the risks they face, financial reporting controls, and operating environments. The use of artificial intelligence in auditing is becoming increasingly common in all fields, which will fuel the expansion of the market over the projection period.

Download a free sample for highlights on the market drivers and trends affecting the audit software market.

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Audit Software Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 12.70%

Market Growth 2021-2025

$746.51 million

Market structure

Fragmented

Annual growth (%)

11.58

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 43%

Main consumer countries

United States, Canada, United Kingdom, Germany and France

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Benchmark Digital Partners LLC, CaseWare International Inc., ComplianceBridge Corp., Dassault Systemes SE, Diligent Corp., Ideagen Plc, International Business Machines Corp., NAVEX Global Inc., Wolters Kluwer NV and Workiva Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by deployment

  • Market segments
  • Comparison by deployment
  • On-site – Market size and forecast 2020-2025
  • Cloud – Market size and forecast 2020-2025
  • Market Opportunity by Deployment

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Reference Digital Partners LLC
  • CaseWare International Inc.
  • ComplianceBridge Corp.
  • Dassault Systemes SE
  • Diligent Corp.
  • Ideagen Plc
  • International Business Machines Corp.
  • NAVEX Global Inc.
  • Wolters Kluwer AG
  • Workiva Inc.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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