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Policy Management Software Market Report by Component (Solution, Services), Deployment Model (On-premise, Cloud-based), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (BFSI, IT and Telecom, Energy and Utilities, Healthcare, Government and Defense, Manufacturing, Retail, and Others), and Region 2024-2032

March 2024 | 140 pages | ID: P231657EB179EN
IMARC Group

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The global policy management software market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2032, exhibiting a growth rate (CAGR) of 10.39% during 2024-2032.

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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment model, enterprise size and industry vertical.

Breakup by Component:

Solution
Services

Breakup by Deployment Model:

On-premise
Cloud-based

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
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
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.

Key Questions Answered in This Report

1. What was the size of the global policy management software market in 2023?
2. What is the expected growth rate of the global policy management software market during 2024-2032?
3. What are the key factors driving the global policy management software market?
4. What has been the impact of COVID-19 on the global policy management software market?
5. What is the breakup of the global policy management software market based on the component?
6. What is the breakup of the global refrigerant market based on the deployment model?
7. What is the breakup of the global policy management software market based on the enterprise size?
8. What are the key regions in the global policy management software market?
9. Who are the key players/companies in the global policy management software market?
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 Hoaxin 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 TABLES

Table 1: Global: Policy Management Software Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Policy Management Software Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Policy Management Software Market Forecast: Breakup by Deployment Model (in Million US$), 2024-2032
Table 4: Global: Policy Management Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2024-2032
Table 5: Global: Policy Management Software Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Policy Management Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Policy Management Software Market: Competitive Structure
Table 8: Global: Policy Management Software Market: Key Players

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$), 2018-2023
Figure 3: Global: Policy Management Software Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Policy Management Software Market: Breakup by Component (in %), 2023
Figure 5: Global: Policy Management Software Market: Breakup by Deployment Model (in %), 2023
Figure 6: Global: Policy Management Software Market: Breakup by Enterprise Size (in %), 2023
Figure 7: Global: Policy Management Software Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Policy Management Software Market: Breakup by Region (in %), 2023
Figure 9: Global: Policy Management Software (Solution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Policy Management Software (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Policy Management Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Policy Management Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Policy Management Software (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Policy Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Policy Management Software (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Policy Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Policy Management Software (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Policy Management Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Policy Management Software (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Policy Management Software (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Policy Management Software (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Policy Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Policy Management Software (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Policy Management Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Policy Management Software (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Policy Management Software (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Policy Management Software (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Policy Management Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Policy Management Software (Government and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Policy Management Software (Government and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Policy Management Software (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Policy Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Policy Management Software (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Policy Management Software (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Policy Management Software (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Policy Management Software (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: Policy Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: Policy Management Software Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: Policy Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
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


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