The whistleblowing software market size is projected to reach US$ 359.28 million by 2031 from US$ 169.67 million in 2023. The market is expected to register a CAGR of 9.8% in 2023–2031. The rise in the popularity of multilingual whistleblowing software and the need to ensure the safety and security of employees are likely to remain key market trends.
The increase in dishonest and unethical behavior within organizations will accelerate the adoption of software. A greater need to protect employee safety due to an increase in cybercrimes within the company fuels the demand for software. Additionally, the software provides executives and boards with reports and insights. It provides operational risk mitigation, informed decision-making, and legal mitigation. It is projected that these attributes will propel market expansion.
Organizations can identify workplace issues such as fraud, harassment, theft, embezzlement, corruption, and more by using whistleblowing software, a type of issue management solution that gives employees anonymous reporting options. Whistleblowing solutions, also known as hotlines, helplines, or case management solutions, are intended to address problems such as fraud, misconduct, and unethical behavior that conflict with an organization's principles or policies. Anonymous two-way communication can be facilitated through online or mobile platforms offered by these issue management solutions. They also offer analytics tools to identify areas where misconduct is common, as well as tools for organizations to receive reports and look into the allegations.
According to Organisation for Economic Co-operation and Development (OECD), Whistleblower protection is defined as “protecting and/or providing a remedy against any retaliatory action to persons working in the private or public sector who report on reasonable grounds suspected acts of bribery of foreign public officials in international business transactions and related offenses in a work-related context. Thus, whistleblower protection is crucial for detecting misconduct, fostering transparency, and promoting integrity, which in turn drives the demand for whistleblowing software.
SMEs are major contributors to economic growth as they account for the majority of businesses worldwide, about 90%. However, due to financial constraints, the growth of SMEs slows down. Thus, the government sector and organizations are constantly supporting SMEs to expand their business, which further contributes to the economic growth of any country. As businesses are going digital, the adoption of software for securing company data has become the fundamental aspect of any organization. Government support to provide financial aid to SMEs boosts their capability to leverage advanced solutions to secure their company’s critical information. Thus, government support for SMEs contributes to huge opportunities for the whistleblowing market growth. Some of the government support is mentioned below:
Key segments that contributed to the derivation of market analysis are deployment type and enterprise size.
The geographic scope of the whistleblowing software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, Asia Pacific is expected to grow with the highest CAGR in the market during the forecast period, as there are more small and medium-sized businesses in Asia Pacific. In the next years, it is projected that government laws and whistleblower policies will sharply accelerate market expansion. It is anticipated that market progress will be aided by the growing global need to guarantee the safety and security of employees.
The regional trends and factors influencing the Whistleblowing Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Whistleblowing Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 169.67 Million |
| Market Size by 2031 | US$ 359.28 Million |
| Global CAGR (2023 - 2031) | 9.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Deployment Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Whistleblowing Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Whistleblowing Software Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Whistleblowing Software Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
The “Whistleblowing Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global whistleblowing software market is expected to reach US$ 359.28 million by 2031.
The key players holding majority shares in the global whistleblowing software market are Applied Satellite Technology Ltd.; Addvalue Technologies; Beijing Highlander Digital Technology Co., Ltd.; BlueTraker; and CLS.
Integration with machine learning (ML) and artificial intelligence (AI) analysis technology is anticipated to play a significant role in the global whistleblowing software market in the coming years.
The rise in the popularity of multilingual whistleblowing software and the need to ensure the safety and security of employees are the major factors that propel the global whistleblowing software market.
The global whistleblowing software market was estimated to be US$ 169.67 million in 2023 and is expected to grow at a CAGR of 9.8% during the forecast period 2023 - 2031.