Asia Pacific region is expected to hold dominant position in the global whistleblowing software market during the forecast period.
In the year 2019 the Asia Pacific region holds the dominant market share in the global whistleblowing software market, which is expected to retain its dominance over the forecast period. The growth of the Asia Pacific region is majorly attributed due to the increasing number of small and medium organizations in developing economies such as India and China. In addition, governments of various countries in Asia Pacific region, are implementing rules and regulations of whistleblowing policy, for combating the mischief or misconduct done by the employee of an organization. For instance, in July 2019, the Amendments to the Corporations Act 2001 and Taxation Administration Act 1953, was implemented in Australia. These amendments will create an expanded whistleblower protection regime that will be applicable to regulated entities of the corporate, finance, and credit sectors.
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