What is Certification Management Software Market?
The global certification management software market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising demand for cloud-based solutions propelled by high demand for automation across industries and increasing business expansion across the global markets are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth for the next few months but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Highlights from Certification Management Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | WalletCard, Inc. (Canada), Netwrix (United States), Nintex (United States), Safesite, Inc. (United States), DNV GL (Norway), Incisive Software (United States), iGrafx, LLC (United States), CURA Software Solutions (South Africa), Emex (United Kingdom), ComFin Software GmbH (Austria) and Smart Software (United States) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Certification Management Software market throughout the forecasted period.
WalletCard, Inc. (Canada), Netwrix (United States), Nintex (United States), Safesite, Inc. (United States), DNV GL (Norway), Incisive Software (United States), iGrafx, LLC (United States), CURA Software Solutions (South Africa), Emex (United Kingdom), ComFin Software GmbH (Austria) and Smart Software (United States) are some of the key players profiled in the study. Certification Management Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Auditing, Compliance Management, Exceptions Management, Internal Controls Management, Mobile Access, Predictive Analysis, Risk Management, Corrective & Preventive Actions and Others |
Enterprise SIze | SMEs,Large Enterprises |
Platform | Windows,IOS,Android |
Deployment | On-Premise,Cloud Based |
On the basis of geography, the market of Certification Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Artificial Intelligence in Certification Management Software
Market Growth Drivers:
Rising Demand for Cloud-based Solutions Propelled by High Adoption of Automation Acorss the Industry Verticals and Growing Demand for Business Expansion Across Different Industries
Challenges:
Short Term Challenges Due to Reduced Investments in the Market Caused by the Impact of COVID-19 Pandemic Across the World
Restraints:
High Cost of Platform
Opportunities:
Opportunities in the Asia Pacific Region
In 2018, Netwrix launched of its Partner Technical Certification Program.Its mission is to enable partners to demonstrate the benefits of Netwrix Auditor at every stage of the sales process in order to achieve quick business growth.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Reducing the Demand for Certification Management Software