市场调查报告书
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1563758
全球审计软体市场评估:依组成部分、组织规模、部署、产业、地区、机会、预测(2017-2031)Audit Software Market Assessment, By Component, By Organization Size, By Deployment, By Vertical, By Region, Opportunities and Forecast, 2017-2031F |
全球审计软体市场规模预计将从2023年的13.1亿美元增至2031年的33.8亿美元,预计2024-2031年的年复合成长率为 12.60%。越来越多的法规要求遵守严格的标准,这推动了对审计软体的需求,这些软体可确保合规性并降低与处罚相关的风险并提高透明度。技术进步在扩张过程中最为重要,包括审计软体中的人工智慧、机器学习和区块链,彻底改变了市场。这些技术提高审计效率和有效性,实现预测分析,实现即时资料分析,并改变传统审计工作的面貌。
此外,这些组织越来越有兴趣透过自动化日常任务的审计软体来简化其运营,使审计人员能够致力于更复杂的增值活动。
日益采用基于云端的解决方案,这源于可扩展性、灵活性和远端存取为组织(尤其是分散式营运)提供的机会。这使得协作变得容易,并允许无麻烦的文件共享。网路威胁的增加加剧了紧迫感,审计软体整合加密、多因素身份验证和高级存取控制等强大功能来保护敏感资讯。 BFSI、医疗保健、製造和 IT 等行业对审计软体的需求不断增加。这些具有特定需求和合规性的行业凸显了审计软体在现代组织中的重要性以及市场的持续成长。
例如,2023年 7月,IBM 宣布推出具有 IBM Observability 的Flexera One,它可实现全面的IT 资产管理并提高投资的价值和效率。它提供跨本地、SaaS 和云端环境的完整可见性,并与 IBM Turbonomic 配合实现自动授权和资源最佳化。即时洞察和开箱即用的可见性与自助服务仪表板相结合,可以发现风险并保持合规性。该工具能够最佳化 IT 支出、更佳与供应商进行谈判、规划云端迁移以及自动化合规性以降低风险和处罚。
本报告研究和分析了全球审计软体市场,提供市场规模和预测、市场动态以及主要参与者的状况。
Global audit software market is projected to witness a CAGR of 12.60% during the forecast period 2024-2031, growing from USD 1.31 billion in 2023 to USD 3.38 billion in 2031. Growing regulatory obligations on industries to comply with stringent standards drive the demand for audit software to ensure compliance and risk reduction regarding penalties and increasing transparency. Advancements in technology are paramount in the expansion process, including AI, machine learning, and blockchain in audit software, which is revolutionizing the market. These technologies enhance the efficiency and effectiveness of audits, enable predictive analytics, and allow real-time data analysis, transforming the face of traditional auditing practices.
Moreover, these organizations are becoming quite interested in gaining operational efficiencies through audit software that automates routine tasks, thus enabling auditors to focus on more complex and value-added activities.
The increased adoption of cloud-based solutions arises from the scalability, flexibility, and remote access that create easy opportunities for organizations, especially for distributed operations. This would allow easy collaboration and effortless and painless file sharing. Increased cyber threats have heightened the sense of urgency, and audit software integrates strong features of encryption, multi-factor authentication, and advanced access controls to protect sensitive information. Demand for audit software is growing in sectors such as BFSI, healthcare, manufacturing, and IT. With specific needs and compliances, these industries highlight the importance of audit software in modern organizations and the aspect of continued growth in the market.
For instance, in July 2023, IBM announced Flexera One with IBM Observability, which represents comprehensive IT asset management, adding value and efficiency to investments. It offers full visibility across the on-premises, SaaS, and cloud environments and works in conjunction with IBM Turbonomic for automatic license and resource optimization. Real-time insights and out-of-the-box visualizations are combined with self-service dashboards to find risks and maintain compliance. The tool enables optimizing IT spending, improving negotiations with vendors, planning cloud migrations, and automating compliance to mitigate risks and penalties.
Security Regulations by Government Across the World
Governments ensure that security law is implemented to keep data in place, confidential, and at hand during auditing. The primary rules include the Sarbanes-Oxley Act (SOX), which was strictly implemented by the United States reforms to avoid accounting fraud by ensuring that there are robust internal controls. The General Data Protection Regulation (GDPR) in the European Union demands higher data protection standards. The Health Insurance Portability and Accountability Act (HIPAA) is a law that sets standards for the protection of patient health information. The Payment Card Industry Data Security Standard (PCI DSS) requires strong security when credit card information is used around the world, and the Federal Information Security Management Act (FISMA) requires security programs in the United States federal agencies. Also, ISO/IEC 27001, the international standard for information security management, along with the other standards for audit programs, must be undertaken to acquire audit certification.
For instance, in August 2023, the government of India passed the Digital Personal Data Protection Act (DPDP) 2023. The DPDP Act regulates the processing of digital personal data in a manner that recognizes both the rights of individuals to protect their data and the need for organizations to process personal data for lawful purposes. Companies must ensure compliance with the Act's provisions during audits. Significant Data Fiduciaries dealing with large volumes of individual personal data have additional obligations, including appointing a Data Protection Officer based in India, conducting data audits, and performing data protection impact assessments.
AI Revolution Fueling the Audit Software Market Growth
In the audit software market, the integration of new emerging technologies such as AI, blockchain, and other novelties in terms of technology creates a high level of change. Whereas AI enables greater efficiency in doing cyclical work by creating predictive analytics and Natural Language Processing (NLP) for deeper insights into the process, blockchain assured transparency and security, making the system impenetrable and real-time audit trails with immutable records. Meanwhile, robotic process automation (RPA) and cloud computing streamline workflows and enable remote collaboration access. The integrated effects of such technologies bring about a more efficient, transparent, and safe audit process. With AI and blockchain, data delivery is real-time and precisely analyzed, while RPA and cloud computing improve workflow management and team collaboration to better enhance audit quality and efficiency. These enhancements enable the auditors to give the best services by engaging themselves in areas such as risk management and strategic advisory.
For instance, in September 2024, Thomson Reuters launched Thomson Reuters Audit Intelligence, a suite of AI-driven audit solutions aimed at improving audit practices. Audit Intelligence Analyze uses AI and machine learning to boost audit quality and efficiency, reducing errors and enhancing overall confidence in the audit process.
BFSI Vertical to Dominate Audit Software Market Share
The BFSI sector leads the audit software market share due to its stringent regulatory requirements, complex financial operations, and focus on risk management. Compliance with rigorous regulations such as the Sarbanes-Oxley and Dodd-Frank Act necessitates sophisticated software for efficient auditing and adherence. The sector's handling of intricate transactions and large data volumes demands advanced tools for data analysis and reporting. Additionally, with a growing emphasis on risk management, including fraud detection and cybersecurity, BFSI institutions rely on robust, data-driven audit software to effectively manage and mitigate these risks.
For instance, in April 2023, Microsoft Launched Azure Confidential Ledger (ACL), which is a highly secure service for managing sensitive data, operating exclusively on hardware-backed secure enclaves to guard against attacks. It uses a minimal Trusted Computing Base (TCB) to ensure that no one, including Microsoft, can alter the ledger. Leveraging the Azure Confidential Computing platform and Confidential Consortium Framework, ACL provides a tamper-proof and transparent solution. It consists of multiple identical instances running in dedicated enclaves, with its integrity maintained through a consensus-based blockchain.
North America Dominates Audit Software Market Share
Influential factors in North America drive the region's leadership position in the market for audit software. Regulatory drivers such as the Sarbanes-Oxley Act and HIPAA create pressure to develop strong audit solutions in the region. The region, especially the United States, is an innovation hub for technology that is accelerating the adoption of advanced technologies such as AI and machine learning into audit software. High adoption rates of cloud-based solutions, which are driven by the demand for scalability and remote access, further support the dominance of the region. Investments in IT infrastructure is substantial due to a healthy economic base, while a focus on cybersecurity means that audit software includes high-grade security features. The presence of major software providers in North America adds to the dominance of the region.
For instance, in January 2023, Intelex Technologies, a Software company in Toronto, Canada announced that it has been recognized as a leader by independent analyst firm Verdantix in its Green Quadrant. Independent analyst firm highlights Intelex safety management strength and exceptional performance for audits and inspections and incident management.
Future Market Scenario (2024 - 2031F)
Increasing regulatory requirements across industries are pressurizing building solutions that have advanced audit capabilities, thus resulting in the need to ensure compliance along with accuracy of reporting.
Modern audit software is increasingly integrating with other enterprise applications, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems.
The move towards cloud-based audit software provides flexibility and accessibility for organizations and makes geographical barriers irrelevant to work and access data centrally.
The growth of regulatory compliance, growing digital transformation, and adoption of cloud-based solutions are expected to drive the Asia-Pacific market.
Key Players Landscape and Outlook
Companies fight for market share in such a highly competitive market with rich features, user-friendly design, and more industry-specific solutions. Companies should incorporate advanced technologies, such as AI, machine learning, and blockchain, to enable smooth integration into other systems and customize them according to requirements. Flexible pricing models, such as subscription or tiered pricing, are important, along with strong customer support and training and consulting services. Expansion into new geographical markets and strategic alliances are expected to enhance the market potential. Laws and security measures are forms of action for any business that would be insisting on gaining more trust and credibility.
In June 2024, a global consulting firm, Protiviti, announced that it had been named as a finalist for the 2024 Compliance Microsoft Partner of the Year Award. The company was chosen as part of a global field based on its application submitted through the Microsoft Partner Awards recognition program. As a finalist, Protiviti was considered among other top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
In June 2024, AuditBoard Inc. reached an agreement to be acquired in a transaction valued at over USD 3 billion by Hg Capital, an experienced and global investor in compliance, risk, and accounting software. The acquisition of AuditBoard Inc. by Hg underscores the growing significance of technology in the realm of audit, risk, and compliance management.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.