According to IMARC Group latest report titled” Policy Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The Global Policy Management Software Market to exhibit moderate growth during the next five years. The policy management software is a technological solution that is used to create, communicate and manage organizational policies and procedures. It authorizes the enterprises to centralize policies, streamline stakeholder involvement and transmit information efficiently. The software is commonly used for electronic approval signatures, document review and approval, document versioning, revision tracking and automated reminder notifications. The software can be provided over the network or in the cloud, offering additional security for sensitive documents and data. As a result, it is widely used in various industries, such as healthcare, manufacturing, defense, energy, information technology (IT) and banking, financial services and insurance (BFSI).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global policy management software market is primarily being driven by the increasing demand for faster management procedures and policies to monitor the performance of the employees and automate the implementation of new policies in real-time. Moreover, various technological advancements, such as the integration of artificial intelligence (AI), wireless communication and cloud-based solutions, are favoring the market growth. The software stores information related to the policies digitally in a centralized server that is remotely accessible for enhanced convenience and consistency. Other factors, including the increasing demand for policy management software solutions in small and medium-scale enterprises (SMEs), along with significant improvement in the information technology (IT) infrastructure, are creating a positive outlook for the market.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Alcatel-Lucent Enterprise International SAS
• 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
• Telefonaktiebolaget LM Ericsson

Policy Management Software Market Segmentation:

Our report has categorized the market based on region, 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)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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