Market Overview:
The global policy management software market reached a value of US$1.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$3.04 Billion by 2027, exhibiting at a CAGR of 13.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Policy management software refers to the technological solution used for creating, communicating and maintaining organizational policies and procedures. It enables the enterprises to centralize policies, optimize stakeholder involvement and transfer information efficiently. The software is commonly used for document review and approval, automated reminder notifications, electronic approval signatures and document versioning and revision tracking. It aids in enhancing the accessibility of the policies and protecting the enterprise from litigations and financial risks. The software can be deployed through the web or on the cloud that provides additional security for sensitive documents and data. As a result, it is widely used across various industries, such as banking, financial services and insurance (BFSI), information technology (IT), energy, healthcare, manufacturing and retail.
Policy Management Software Market Trends:
Significant growth in the healthcare industry across the globe is one of the key factors creating a positive outlook for the market. As the coronavirus disease (COVID-19) continues to spread, there has been a substantial increase in the demand for efficient information management solutions across the medical centers. Small, medium and large-scale enterprises are also widely adopting policy management software to monitor employee performance and record risk impact for policy exemption. It is also utilized for automating the management of new regulations and policies and enhancing the overall organizational efficiency. Additionally, the increasing implementation of machine-to-machine communications is acting as another growth-inducing factor. Service providers are also integrating various value-added services with the software application programming interface (API) for document access controls and policy status reporting. Other factors, including extensive improvements in the IT infrastructure, along with the increasing adoption of subscriber data management solutions, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global policy management software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market component, deployment model, enterprise size and industry vertical.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- BFSI
- IT and Telecom
- Energy and Utilities
- Healthcare
- Government and Defense
- Manufacturing
- Retail
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcatel-Lucent Enterprise International SAS (China Hoaxin Post and Telecom Technologies Co. Limited), Amdocs Inc., Cisco Systems Inc., Comarch SA, ConvergePoint Inc., Huawei Technologies Co. Ltd., Intracom S.A. Telecom Solutions, Juniper Networks Inc., Nokia Corporation, Optiva Inc., Oracle Corporation and Telefonaktiebolaget LM Ericsson.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Deployment Model, Enterprise Size, Industry Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Alcatel-Lucent Enterprise International SAS (China Hoaxin Post and Telecom Technologies Co. Limited), Amdocs Inc., Cisco Systems Inc., Comarch SA, ConvergePoint Inc., Huawei Technologies Co. Ltd., Intracom S.A. Telecom Solutions, Juniper Networks Inc., Nokia Corporation, Optiva Inc., Oracle Corporation and Telefonaktiebolaget LM Ericsson. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global policy management software market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global policy management software market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global policy management software market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Policy Management Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Model
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 IT and Telecom
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Energy and Utilities
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Government and Defense
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Manufacturing
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Retail
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alcatel-Lucent Enterprise International SAS (China Huaxin Post and Telecom Technologies Co. Limited)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Amdocs Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 SWOT Analysis
15.3.3 Cisco Systems Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Comarch SA
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 ConvergePoint Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Huawei Technologies Co. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 Intracom S.A. Telecom Solutions
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Juniper Networks Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Nokia Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Optiva Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Oracle Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Telefonaktiebolaget LM Ericsson
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Policy Management Software Market: Major Drivers and Challenges
Figure 2: Global: Policy Management Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Policy Management Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Policy Management Software Market: Breakup by Component (in %), 2021
Figure 5: Global: Policy Management Software Market: Breakup by Deployment Model (in %), 2021
Figure 6: Global: Policy Management Software Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: Policy Management Software Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Policy Management Software Market: Breakup by Region (in %), 2021
Figure 9: Global: Policy Management Software (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Policy Management Software (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Policy Management Software (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Policy Management Software (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Policy Management Software (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Policy Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Policy Management Software (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Policy Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Policy Management Software (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Policy Management Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Policy Management Software (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Policy Management Software (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Policy Management Software (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Policy Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Policy Management Software (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Policy Management Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Policy Management Software (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Policy Management Software (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Policy Management Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Policy Management Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Policy Management Software (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Policy Management Software (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Policy Management Software (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Policy Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Policy Management Software (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Policy Management Software (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Policy Management Software (Other Industry Vertical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Policy Management Software (Other Industry Vertical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Policy Management Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Policy Management Software Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Policy Management Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Policy Management Software Industry: SWOT Analysis
Figure 87: Global: Policy Management Software Industry: Value Chain Analysis
Figure 88: Global: Policy Management Software Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Policy Management Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Policy Management Software Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Policy Management Software Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
Table 4: Global: Policy Management Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Policy Management Software Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Policy Management Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Policy Management Software Market: Competitive Structure
Table 8: Global: Policy Management Software Market: Key Players