Insights on the Policy Management Software Global Market to 2027 - by Component, Deployment Model, Enterprise Size, Industry Vertical and Region
DUBLIN, May 31, 2022 /PRNewswire/ -- The "Policy Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global policy management software market reached a value of US$1.33 Billion in 2021. Looking forward, the publisher expects the market to reach US$3.04 Billion by 2027, exhibiting a CAGR of 13.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they 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
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
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 withthe increasing adoption of subscriber data management solutions, are anticipated to drive the market toward growth
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
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/or6quc
Research and Markets
For E.S.T Office Hours Call +1-917-300-0470
U.S. Fax: 646-607-1907
View original content:https://www.prnewswire.com/news-releases/insights-on-the-policy-management-software-global-market-to-2027---by-component-deployment-model-enterprise-size-industry-vertical-and-region-301558153.html
SOURCE Research and Markets