Whistleblowing Software Market Size - Growth, Share by 2031

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.

Whistleblowing Software Market Analysis

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.

Whistleblowing Software Market Overview

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.

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Whistleblowing Software Market: Strategic Insights

Whistleblowing Software Market

• 
  CAGR (2023 - 2031)

  9.8%
• Market Size 2023
  US$ 169.67 Million
• Market Size 2031
  US$ 359.28 Million

Market Dynamics

GROWTH DRIVERS

• Initiatives and Policies developed by Corporates

FUTURE TRENDS

• Integration with machine learning (ML) and artificial intelligence (AI)

OPPORTUNITIES

• Government Support to SMEs

Key Players

• Business Keeper AG
• Canary Whistleblowing System
• Convercent
• Deloitte
• Ethicontrol
• EthicsGlobal LLC
• Got Ethics A S
• Hello Ethics
• Navex Global Inc
• Whispli Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Deployment Type

• Cloud and Web-based

Enterprise Size

• SMEs and Large Enterprises

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Whistleblowing Software Market Drivers and Opportunities

Whistleblower Protection to Fight Corruption to Favor Market

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.

Government Support to SMEs – An Opportunity in the Whistleblowing Software Market

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:

• In Europe, a network of European Digital Innovation Hubs or the Enterprise Europe Network offers help for SMEs to adopt digital tools securely. They provide solutions such as raising awareness, assessing digital maturity, access to finance, offering mentoring, and facilitating experimentation with digital tools.
• According to the Capterra India Survey in August 2023, around 40 percent of respondents received government funding for digitalization at least once, and around 20 percent received it multiple times. In addition, Indian government initiatives such as the RAMP programme, MSME Innovative Scheme, ASPIRE scheme, and more are focused on boosting SMEs' digitalization.

Whistleblowing Software Market Report Segmentation Analysis

Key segments that contributed to the derivation of market analysis are deployment type and enterprise size.

• Based on deployment type, the market is segmented into cloud and web-based. The web-based segment held a larger market share in 2023.
• By enterprise size, the market is segmented into SMEs and large enterprises. The large enterprises segment held the largest share of the market in 2023.

Whistleblowing Software Market Share Analysis by Geography

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.

Whistleblowing Software Market Report Scope

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Whistleblowing Software Market News and Recent Developments

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:

• In March 2024, Formalize, a provider of whistleblowing software, announced the successful completion of the Series A funding round, securing approximately US$ 15.93 million (EUR 15 million) led by BlackFin, one of Europe's largest private equity funds. (Source: Formalize, Press Release, 2024)
• In February 2021, the International Testing Agency (ITA) launched its own doping reporting platform called ‘reveal’ in order to offer additional opportunities to report doping offenses. (Source: International Testing Agency (ITA), Press Release, 2021)

Whistleblowing Software Market Report Coverage and Deliverables

The “Whistleblowing Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles