Global Entity Management Solutions Market
Global Entity Management Solutions Market By Offering, By Deployment Mode, By Organization Size, By Geographic Scope And Forecast
According to Verified Market Research, the Global Entity Management Solutions Market was valued at USD 1.12 Billion in 2018 and is projected to reach USD 3.85 Billion by 2026, growing at a CAGR of 17.03% from 2019 to 2026.
Globally there is an increase in focus on the requirement for transparency in enterprises, especially concerning tax requirements and ownership. With the ever-changing regulatory landscape for the implementation of corporate governance and managing trading compliance, companies are influenced to assess their structure of the organization to meet the changing regulatory compliance. This is resulting in increased demand for entity management solutions.
However, deployment of entity management solutions has always been a low priority for senior management of an organization. Senior management tends to differentiate between industry-specific regulations with compliance, such as regulations affecting energy or pharmaceutical companies. Therefore, low priority to entity management solutions can act as a potential restraint for the overall market.
Based on deployment mode, the market is bifurcated into cloud based and on premise. Cloud-based accounted for the largest market share in 2018 and is anticipated to grow at the highest CAGR of 17.69% during the forecast period.
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