QUALITY AND COMPLIANCE MANAGEMENT SOLUTION MARKET ANALYSIS

Quality And Compliance Management Solution MarketSize and Trends

The global quality and compliance management solution market is estimated to be valued at US$ 20,728.5 Million in 2021 and is expected to exhibit a CAGR of 9.9% over the forecast period (2021-2028).

Figure 1. Global Quality and Compliance Management Solution Market Value (US$ Mn), by Region, 2020

Key Takeaways of the Graph:

• The Governance & Compliance Management segment was valued US$ 5,677.7 Mn in 2020 and is expected to witness a CAGR of 10.2% over the forecast period.
• In 2020, the Audit Management is expected to grow at highest CAGR of 4% in the global quality and compliance management market and is expected to be valued US$ 6,153.0 Million by 2028. This is owing to growing adoption of the data analytics in the market, which is waving the quality, and compliance management solutions market as the market players are increasingly leveraging the compliance benefits and lowering risk in the management.