Class Action Lawsuit - Nov 20, 2020 11:47 AM ET

Worldwide Whistleblowing Software Industry to 2027 - Increasing Legal Procedures to Protect Whistleblowers is Driving the Market

 The "Whistleblowing Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment Type (Cloud and Web-based); Enterprise Size (SMEs and Large Enterprises); and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US$ 81.16 billion in 2019 and is projected to reach US$ 149.30 billion by 2027; it is expected to grow at a CAGR of 9.6% from 2020 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

SMEs play a significant role in all economies. As per the World Bank, these enterprises contribute to ~40% of GDP and ~60% of total employment in the emerging economies. SMEs have more cost pressure, and they avoid investing in high-cost, high-tech solutions and services. In highly competitive global market landscape, it is necessary for small businesses to consider whistleblower compliance guidelines. The small businesses are bound to include whistleblower policies that motivate the staff to report any misconduct at their workplaces while protecting the business' legal, financial activities as well as the reputation. For the SMEs committed to the whistleblower compliance, the hotlines & anonymous reporting tools act as a reminders for staff so that they can report the perceived illegal activity without any fear. All such aspects are projected to impact the adoption of whistleblowing software among SMEs. The global small & medium enterprises are expected to reach US$ 31.54 billion by 2022, which is expected to create significant global demand for whistleblowing technology.

Business Keeper AG; Canary Whistleblowing System; Convercent; Deloitte; Ethicontrol; Ethics Global, LLC; Got Ethics A/S; Hello Ethics (ILLIX USA LLC); NAVEX Global, Inc.; and Whispli Inc. are the leading players operating in the whistleblowing software market.

COVID-19 Impact on Whistleblowing Software Market

According to the World Health Organization (WHO) report, the US, BrazilIndia, and Russia, are some of the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis has affected various industries worldwide in a negative manner and hence, the global economy is anticipated to face a slump in the year 2020 and likely in 2021. The COVID-19 outbreak has created challenges for the whistleblowing program. Remote working has generated major challenges, which limits the organization's visibility of employee issues and disputes, thereby hindering the effectiveness of normal channels of reporting for staff to flag issues.

Moreover, there may be delays or failure to respond to the reports made by the employees as the people involved in the whistleblowing program might have other critical strategic responsibilities. Also, the third parties involved in the whistleblowing programs might not be able to perform efficiently as they might experience disruptions in their operations due to this pandemic.

Reasons to Buy

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Whistleblowing Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Whistleblowing Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Legal Procedures to Protect Whistleblowers
5.1.2 Technological Advancement in Software to Protect Identities of Whistleblowers
5.2 Market Restraint
5.2.1 High Investment and Implementation Cost of Whistleblowing Software and Increasing Security Concerns
5.3 Market Opportunities
5.3.1 Significant Initiatives by Several Leading Companies and Regulators
5.4 Future Trends
5.4.1 Increasing Popularity of Multilingual Whistleblowing Software
5.5 Impact Analysis of Drivers and Restraints

6. Whistleblowing Software Market - Global Analysis
6.1 Whistleblowing Software Market Global Overview
6.2 Whistleblowing Software Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking

7. Whistleblowing Software Market Analysis - By Deployment Type
7.1 Overview
7.2 Whistleblowing Software Market, By Deployment Type (2019 and 2027)
7.3 Cloud
7.3.1 Overview
7.3.2 Cloud: Whistleblowing Software Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Web-based
7.4.1 Overview
7.4.2 Web-based: Whistleblowing Software Market - Revenue and Forecast to 2027 (US$ Million)

8. Whistleblowing Software Market Analysis - By Enterprise Size
8.1 Overview
8.2 Whistleblowing Software Market Breakdown, by Enterprise Size, 2019 & 2027
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Whistleblowing Software Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Whistleblowing Software Market - Revenue and Forecast to 2027 (US$ Million)

9. Whistleblowing Software Market - Geographic Analysis
9.1 Overview
9.2 North America: Whistleblowing Software Market
9.3 Europe: Whistleblowing Software Market
9.4 APAC: Whistleblowing Software Market
9.5 Middle East & Africa (MEA): Whistleblowing Software Market
9.6 South America (SAM): Whistleblowing Software Market

10. Impact of Coronavirus Outbreak
10.1 Impact of COVID-19 Pandemic On Global Whistleblowing Software Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development

12. Company Profiles
12.1 Business Keepers AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Convercent, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 EasyWhistle Oy
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 EQS Group AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Expolink Europe Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Fraudsec Pvt Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GAN Integrity, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Got Ethics A/S
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 NAVEX Global, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 People intouch
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Safecall Limited
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Vault Platform Ltd.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

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