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市场调查报告书
商品编码
1563756

审计软体印度市场评估:依组件、组织规模、部署、产业、地区、机会、预测(2018年度-2032年度)

India Audit Software Market Assessment, By Component, By Organization Size, By Deployment, By Vertical, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 138 Pages | 商品交期: 3-5个工作天内

价格

印度审计软体市场规模预计将从2024年度的8,841万美元增至2032年度的2.5362亿美元,在2025年度至2032年度的预测期内年复合成长率为 14.08%。由于严格的监管要求、技术进步和数位转型,市场不断成长。在印度,不断提高的监管标准(例如《2013年公司法》和商品及服务税(GST))要求公司保持更准确和透明的财务记录。审核软体可以透过自动执行合规性检查和处理法定声明来帮助确保满足所需的合规性。此外,该国特定的IT 法案2000 要求明确的资料保护措施,因此透过审核软体监控资料存取和安全协议是否符合特定的网路安全要求。

人工智慧、机器学习和基于云端的解决方案等技术领域的进步透过简化资料分析的效率和准确性、自动化任务以及即时存取资料的能力来提高审计品质。需要大量前期投资来简化审计流程的中小型企业的理想选择。

但是,采用此类软体的最大驱动力之一是人们越来越意识到与审计软体相关的好处,例如增强法规遵循和降低诈欺风险。针对金融、医疗保健和製造等特定行业的软体也不断增加。此外,印度经济的成长以及透过 "数位印度" 等计画进行的数位转型推动公司适应更复杂的审计软体,以实现竞争和合规。

例如,2023年 10月,总部位于钦奈的审计/风险 SaaS(软体即服务)新创公司 AuditCue 在 Kalaari Capital 领投的种子轮融资中筹集了 150万美元。其他投资者包括 Java Capital 和旧金山天使投资者。这笔资金凸显了印度对合规性和先进技术能力日益成长的需求的推动下,对审计软体解决方案的兴趣和投资不断成长。

本报告研究和分析了印度审计软体市场,提供市场规模和预测、市场动态以及主要参与者的状况。

目录

第1章 专案范围与定义

第2章 研究方法

第3章 执行摘要

第4章 顾客回馈

  • 产品与市场讯息
  • 品牌识别方法
  • 购买决策时考虑的因素
    • 功能和其他加值服务
    • IT 基础架构相容性
    • 解决方案效率
    • 售后支持
  • 隐私和监管考虑

第5章 印度审计软体市场展望(2018年度-2032年度)

  • 市场规模分析与预测
    • 金额
  • 市占率分析与预测
    • 依组件
    • 依组织规模
    • 依部署
    • 依最终用户
    • 依地区
    • 市占率分析:依公司(价值)(前5名公司及其他 -2024年度)
  • 市场地图分析(2024年)
    • 依组件
    • 依组织规模
    • 依部署
    • 依最终用户
    • 依地区

第6章 供需分析

第7章 价值链分析

第8章 波特五力分析

第9章 PESTLE分析

第10章 软体价格分析

第11章 市场动态

  • 市场驱动因素
  • 市场挑战

第12章 市场趋势与发展

第13章 案例研究

第14章 竞争态势

  • 前5名市场领导者的竞争矩阵
  • 前5名的公司的SWOT 分析
  • 前10名主要企业状况
    • International Business Machines Corporation (IBM)
    • SAP India Private Limited
    • AuditBoard Inc.
    • Ideagen Solutions Private Limited
    • Tally Solutions Pvt. Ltd.
    • Riskpro India Ventures Private Limited
    • NetSuite ERP
    • ControlCase International Private Limited
    • SAG Infotech Private Limited
    • Zoho Corporation Pvt. Ltd.

第15章 策略建议

第16章 关于本公司,免责声明

Product Code: MX11998

India audit software market is projected to witness a CAGR of 14.08% during the forecast period FY2025-FY2032, growing from USD 88.41 million in FY2024 to USD 253.62 million in FY2032. The audit software market in India is growing due to stringent regulatory requirements, technological advancements, and digital transformation. With the increasing level of regulation in India, for instance, with the Companies Act of 2013 and the Goods and Services Tax (GST), firms must maintain more accurate and transparent financial records. The audit software helps automate compliance checks and handle statutory filings to ensure an understanding of adherence to the required compliance. Additionally, the country-specific IT Act of 2000 requires well-defined data protection measures and, thus, monitors data access and security protocols toward adherence to specific cybersecurity requirements through audit software.

Advancements in the field of technology, including AI, ML, and cloud-based solutions, have improved the quality of audits by streamlining efficiency and accuracy in data analysis, task automation, and the ability to access data in real-time, thus making these audits perfectly suitable for SMEs which might otherwise require significant investments upfront for their audit process streamlining.

However, one of the biggest drivers for the adoption of this kind of software is the rising awareness of the benefits that are associated with audit software, including heightened compliance with regulations and a reduced risk of fraud. Industry-specific software available for sectors such as finance, healthcare, and manufacturing are on the rise. Moreover, the growth of the Indian economy and digital transformation through programs such as Digital India is making companies adapt to more sophisticated audit software to compete and be compliant.

For instance, in October 2023, AuditCue, a Chennai-based audit and risk software-as-a-service (SaaS) startup, raised USD 1.5 million in a seed funding round led by Kalaari Capital. Other investors included Java Capital and angel investors from San Francisco. This funding highlights the growing interest and investment in audit software solutions in India, driven by the increasing need for compliance and advanced technological capabilities.

Security Regulations by the Indian Government to Drive Market Growth

Audit software plays a crucial role in Indian companies handling their compliance with various regulations, such as the Companies Act 2013, which automates compliance checks and maintains audit trails to ensure transparent financial reporting, and the IT Act of 2000, which requires electronic data protection, where software helps track access and security for monitoring access and cybersecurity occurrences. It aids in compliance with tax through GST calculation and fittings and right income declarations under the Income Tax Act of 1961. It supports RBI guidelines on accounting through proper financial reporting, helping to keep records of SEBI regulations for transparency in securities markets. On the ever-increasing stature of ESG reporting, it tracks the metric points and manages data collection to serve the best. In general, audit software improves compliance efficiency with the multitude of regulations that Indian businesses must comply with.

For instance, in April 2024, the Reserve Bank of India (RBI) imposed a monetary penalty of USD 3,600 (INR 300,000) on Ambarnath Jai Hind Co-operative Bank Limited, Ambarnath, Maharashtra Bank, for non-compliance with certain provisions of RBI directions on Maintenance of Deposit Accounts of Primary (Urban) Co-operative Banks.

Technological Advancements Transforming the Audit Software Landscape in India

The audit software market in India has seen significant growth due to technological advancements, coupled with augmenting demand for automation in auditing processes. Artificial Intelligence (AI) and Machine Learning (ML) are automation tools that bring efficiency and accuracy by streamlining routine data entry and compliance checks while analyzing large data sets to detect patterns that manual audits might miss. Cloud-based solutions offer real-time access to financial data and instantaneous reporting with continuous monitoring of compliance and performance. These solutions help reduce costs through lower operational costs as they enable easier scalability, which is a great possibility for SMEs to leverage advanced audit capabilities without high front-end investments, propelling an aggressive competitive landscape.

For instance, in 2023, according to Checkpoint, India experienced 2,138 weekly attacks per organization, marking a 15 percent increase since 2022. In Asia-Pacific, India ranks as the second most targeted country, with 2,138 weekly attacks per organization, following Taiwan, which recorded 3,050 incidents, indicating the need for extensive software.

BFSI Vertical to Dominate India Audit Software Market Share

The Banking, Financial Services, and Insurance (BFSI) sector dominates the audit software market in India due to several key factors. The sector is highly regulated, demanding strict adherence to a variety of national and international standards that trigger thorough audit software to save the organization from penalties. In addition, risk in financial institutions for fraud and cyber threats demands effective identification, assessment, and mitigation by appropriate audit software. Another important reason is the huge complexity and volume of data dealt with in the BFSI sector, thereby indicating the significance of proper data management and accurate analysis that brings clarity to financial reporting. Consequently, audit software minimizes the amount of manual effort and enhances operational efficiency during the audit process, which is highly significant for maintaining financial institutions with high levels of accuracy.

For instance, Citi Bank, one of the major BFSI firms, uses IBM's OpenPages software for auditing. In 2021, Citi embarked on a transformative journey to enhance its internal audit processes by integrating advanced technologies such as machine learning (ML), natural language processing (NLP), and artificial intelligence (AI). Citi employs OpenPages to automate and streamline its audit processes, from planning and scoping audits to detecting anomalies and generating reports.

Southern India to Dominate the Audit Software Market Share

The southern region in India dominates the share of the audit software market in the country, owing to strong economic activities and a large presence of enterprises, including small, medium-sized, and large enterprises. The region is a hub of many IT cities, such as Bangalore, Chennai, and Hyderabad, which are adopting digital technologies at a high rate, thereby increasing the demand for software for audit management.

In July 2023, US-based AMD announced that it would invest USD 400 million in India for the largest design facility in the country, in Bengaluru. It aims to establish around 3,000 new engineering jobs by the end of 2028 and contribute mainly to local job markets. Hence, Bengaluru retains the status of being the Silicon Valley of India.

Future Market Scenario (FY2025 - FY2032F)

The Companies Act of 2013 and the Information Technology (IT) Act of 2000 are fueling the demand for advanced audit software in India. This software requires an upgrade to adapt to stringent and evolving regulatory requirements.

AI and machine learning improve the efficiency and accuracy of audits through predictive analytics and auto-processing, besides scalability, flexibility, and cost-effectiveness through cloud computing in support of remote access and real-time collaboration.

India is offering digital solutions to the corporate world in audits to help improve efficiency and accuracy in operations. Electronic audit evidence poses a volume requirement on sophisticated data management abilities.

Cloud solutions inherently limit high upfront investments in hardware and infrastructure and allow SMEs easy access to advanced audit tools, thereby causing an uptick in adoption.

Key Players Landscape and Outlook

India audit software market is highly competitive and dynamic. Most of the key players develop strategic partnerships to enhance their market presence, focusing on technological advancement and consumer-centric strategies. Affordability and customization are the themes of companies catering to the diverse needs of Indian businesses, while product innovation continuously strives for user-friendly interfaces. These firms are integrating artificial intelligence, machine learning, and data analytics for audit processes to improve efficiency and compliance and, thus, position themselves better to meet the increasingly shifting demands of the market.

In September 2024, SAG Infotech Private Limited added a new feature called Import Tally to their latest version, 5.33 of Gen GST Online software. It means that users of this software can easily import data from the accounting software, Tally.

In May 2023, Ideagen Plc invested USD 3.125 million into new India and Malaysia operations as they opened new sites in Hyderabad and one in Kuala Lumpur. It already has offices across the United Kingdom, the United States, Australia, UAE, and Bulgaria.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-Added Service
    • 4.3.2. IT Infrastructure Compatibility
    • 4.3.3. Efficiency of Solutions
    • 4.3.4. After-Sales Support
  • 4.4. Consideration of Privacy and Regulations

5. India Audit Software Market Outlook, FY2018-FY2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Component
      • 5.2.1.1. Solution
      • 5.2.1.2. Service
    • 5.2.2. By Organization Size
      • 5.2.2.1. SMEs
      • 5.2.2.2. Large Enterprises
    • 5.2.3. By Deployment
      • 5.2.3.1. On-Premises
      • 5.2.3.2. Cloud
    • 5.2.4. By End-user
      • 5.2.4.1. BFSI
      • 5.2.4.2. Energy and Utility
      • 5.2.4.3. Manufacturing
      • 5.2.4.4. Food and Beverage
      • 5.2.4.5. Accounting/CPA Firms
      • 5.2.4.6. Non-Profit Organizations
    • 5.2.5. By Region
      • 5.2.5.1. North
      • 5.2.5.2. South
      • 5.2.5.3. East
      • 5.2.5.4. West and Central
    • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Component
    • 5.3.2. By Organization Size
    • 5.3.3. By Deployment
    • 5.3.4. By End-user
    • 5.3.5. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Software Pricing Analysis

11. Market Dynamics

  • 11.1. Market Drivers
  • 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

  • 14.1. Competition Matrix of Top 5 Market Leaders
  • 14.2. SWOT Analysis for Top 5 Players
  • 14.3. Key Players Landscape for Top 10 Market Players
    • 14.3.1. International Business Machines Corporation (IBM)
      • 14.3.1.1. Company Details
      • 14.3.1.2. Key Management Personnel
      • 14.3.1.3. Products and Services
      • 14.3.1.4. Financials (As Reported)
      • 14.3.1.5. Key Market Focus and Geographical Presence
      • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 14.3.2. SAP India Private Limited
    • 14.3.3. AuditBoard Inc.
    • 14.3.4. Ideagen Solutions Private Limited
    • 14.3.5. Tally Solutions Pvt. Ltd.
    • 14.3.6. Riskpro India Ventures Private Limited
    • 14.3.7. NetSuite ERP
    • 14.3.8. ControlCase International Private Limited
    • 14.3.9. SAG Infotech Private Limited
    • 14.3.10. Zoho Corporation Pvt. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Audit Software Market, By Value, In USD Million, FY2018-FY2032F
  • Figure 2. India Audit Software Market Share (%), By Component, FY2018-FY2032F
  • Figure 3. India Audit Software Market Share (%), By Organization Size, FY2018-FY2032F
  • Figure 4. India Audit Software Market Share (%), By Deployment, FY2018-FY2032F
  • Figure 5. India Audit Software Market Share (%), By Vertical, FY2018-FY2032F
  • Figure 6. India Audit Software Market Share (%), By Region, FY2018-FY2032F
  • Figure 7. By Component Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 8. By Organization Size Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 9. By Deployment Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 10. By Vertical Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 11. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024