Stay Ahead in Fast-Growing Economies.
Browse Reports Now
Regulatory Information Management Market Growth Insights & Forecast Report to 2032
Regulatory Information Management or RIM market on the other hand refers to the tools, technologies and solutions in use by organisations in management of specific regulatory compliance processes.
IMR Group
Description
Regulatory Information Management Market Synopsis:
Regulatory Information Management Market Size Was Valued at USD 59.7 Billion in 2023, and is Projected to Reach USD 310.8 Billion by 2032, Growing at a CAGR of 20.12% From 2024-2032.
Regulatory Information Management or RIM market on the other hand refers to the tools, technologies and solutions in use by organisations in management of specific regulatory compliance processes. Such systems create order out of regulatory information, generate reports, track licenses, and codify documents to enact strict global compliance with local and international regulations.
The Regulatory Information Management (RIM) market is used to ensure that an organization is always in compliance with a changing set of rules. Because many sectors such as pharma, chemical, medical device industries have strict regulatory compliance, industries in these areas need to manage various complicated regulations and standards. RIM solutions enable organizations to track their compliance with both national and international legal requirements through IT assisted applications that can pave the way for the collection of data, reporting, document handling and filing requirements. While we benefit from these solutions in terms of operation efficiency, legal non-compliance which might bring draconian penalties as well as tarnish our image, could be on the horizon.
The growing sophistication in global regulations and the growing frequency of change in regulations are some of the factors putting pressure towards the deployment of RIM solutions. These platforms have become indispensable in nearly all industries particularly those industries where compliance is essential: healthcare, life sciences, and energy, for example. However, as data accumulates as well as the advancement in technology anew inventions such as artificial intelligence and machine learning, RIM solutions have also advanced to the intelligent, automated & real-time compliance monitoring. It enabled them to track, analyze, as well as report regulations in a proficient and consistent manner across different jurisdictions which has made it a core necessity in corporate governance and risk management strategies of firms in the global market which consequently boosted the demand for RIM sufficiently to help businesses who want to sustain their competitive advantage and compliance stay relevant.
Regulatory Information Management Market Trend Analysis:
Cloud-Based RIM Solutions
Software as a service RIM solution are gradually becoming popular in the market because of its flexibility, modularity, and lower overhead costs. Since there has been more focus on compliance, organizations are migrating from the normal premise-based systems to cloud solutions. Cloud platforms afford updated regulatory information in real-time, update regulatory content faster with less manual intervention, and facilitate multi-stakeholder, globally dispersed, collaborative processes. This is so especially as organizations venture into the international market thus requiring them to deal with different jurisdictions at once.
The cloud model also points to better protection and data backup, necessary to include and meet the specification of compliance, especially in industries that manage and process sensitive data, including healthcare and finance. Some of the benefits common to cloud-based RIM solutions include, alerting, tracking and reporting capabilities which can relieve some of the workload of the organization. These solutions are expected to become even smarter as cloud technology improves with relevance features such as AI becoming integrated to provide predictive data to boost compliance solutions’ smart solutions.
Expansion in Emerging Markets
There is one promising trend in the Regulatory Information Management market identified as the expansion of RIM solutions into new markets. Some of these regions are the parts of Asia, Latin America and Africa that are fast embracing industry and are experiencing a dynamic of an environment hard and complex regulatory systems. With these markets continuing to grow, the need for organisations to conform to local and international regulations advances also at a high rate thus making the need for efficient RIM solutions high. RIM system is continuously being implemented by companies in emerging markets in order to enhance its compliance procedures and operations.
In addition, as these countries continue to develop their rules and regulations, as well as expand their participation in international commerce, global corporations conducting business in these areas will need full service solutions to address their cross-border compliance needs. This presents an opportunity where RIM solution providers can expand the market and come up with readily available scalable & localized to suit the emerging regulated markets. Indeed, there are ways RIM providers can achieve sustainable development, which include; To conclude, RIM providers can commercialize their solutions in emerging economy by;
Regulatory Information Management Market Segment Analysis:
Regulatory Information Management Market is Segmented on the basis of Component, Deployment Type, Application, End User, and Region.
By Component, Software segment is expected to dominate the market during the forecast period
In the RIM market, the term ‘Software’ is understood as the programs and systems that help to manage compliance. These software solutions are for enhancement of regulatory data tracking, document management, and reporting. Software solutions are available as premise based or as service based and they may also have choices made to fit an organization or industry specifics. The need for software in RIM market is increasing due to the need of various businesses to cut on the number of hours they take to complete regulatory compliance and accuracy in their work.
Consulting, implementation, and maintenance services make up the RIM market services. These services consist in helping an organization to implement and manage its RIM system to guarantee that it derives the best returns from the compliance tools invested in. The services component is mandatory because companies need help to sort out the legal frameworks and implement RIM solutions with the existing IT systems. It is advisable for service providers to continue providing the support and updates to ensure organizations keep on observing the changes in the regulations.
By Application, Regulatory Compliance Management segment expected to held the largest share
Regulatory Compliance Management involves the activities that play out within organizations with the aim of guaranteeing that the enterprise obeys with the laws that apply to it. This use of RIM solutions assists companies in tracking changes in regulation, reviewing compliance activities and archiving the same. With the increasing stringency of regulations, all these activities bring about the need for companies to employ systems that can handle regulators’ demands appropriately. The regulatory compliance management is among the vital facets of corporate governance and RIM solutions should work to facilitate it.
Regulatory reporting means reporting of such reports, which demonstrate the non- compliance or abide by standards of a given organization to the regulatory bodies. RIM solutions in this application assist in the structuring of data and the preparation of reports and submission of these reports within the legal time periods. The trend is that the business is required to increase the amount and depth of disclosed information and thus the requirement for efficiency and accuracy in reporting increases as well. This application of RIM is important so that organisations do not incur penalties due to late or incorrect submissions.
Regulatory Information Management Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America has the largest share in the Regulatory Information Management market due to higher regulatory compliance practices and corporate regulation in the area. The United States together with Canada has arguably some of the most stringent environment for regulations especially for essential business such as health and pharmaceuticals as well as financial services. These industries need highly developed RIM systems to comply with the rules set by the FDA, SEC, and EPA and other organizations. Continued with the ever-changing regulations in North America make the need for RIM solutions to be strong and therefore leading to constant growth of the market in the region.
There are several main players in RIM location in North America that will further promote the development of new technologies, including AI and cloud-based services delivery. Another reason which adds to the global acceptance of RIM solutions is that this region emphasizes on data protectionism, privacy legislation and security threats. As the global and local rules continue to complex, business across North America are likely to remain complainant and competitive by embracing the use of modern compliance management systems.
Active Key Players in the Regulatory Information Management Market
Acentra Health (USA)
Biovia (USA)
Dassault Systèmes (France)
Diligent Corporation (USA)
Enablon (USA)
Gaia Group (Canada)
MasterControl (USA)
MetricStream (USA)
Oracle Corporation (USA)
SAP SE (Germany)
Sparta Systems (USA)
Veeva Systems (USA)
Other Active Players.
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Regulatory Information Management Market by Component
4.1 Regulatory Information Management Market Snapshot and Growth Engine
4.2 Regulatory Information Management Market Overview
4.3 Software
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Software: Geographic Segmentation Analysis
4.4 Services
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Services: Geographic Segmentation Analysis
Chapter 5: Regulatory Information Management Market by Deployment Mode
5.1 Regulatory Information Management Market Snapshot and Growth Engine
5.2 Regulatory Information Management Market Overview
5.3 On-Premises
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 On-Premises: Geographic Segmentation Analysis
5.4 Cloud-Based
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Cloud-Based: Geographic Segmentation Analysis
Chapter 6: Regulatory Information Management Market by Enterprise Size
6.1 Regulatory Information Management Market Snapshot and Growth Engine
6.2 Regulatory Information Management Market Overview
6.3 Small and Medium Enterprises (SMEs
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Small and Medium Enterprises (SMEs: Geographic Segmentation Analysis
6.4 Large Enterprises
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Large Enterprises: Geographic Segmentation Analysis
Chapter 7: Regulatory Information Management Market by Industry Vertical
7.1 Regulatory Information Management Market Snapshot and Growth Engine
7.2 Regulatory Information Management Market Overview
7.3 Pharmaceutical
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Pharmaceutical: Geographic Segmentation Analysis
7.4 Biotechnology
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Biotechnology: Geographic Segmentation Analysis
7.5 Medical Devices
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Medical Devices: Geographic Segmentation Analysis
7.6 Healthcare Providers
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Healthcare Providers: Geographic Segmentation Analysis
7.7 Contract Research Organizations (CROs
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Contract Research Organizations (CROs: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Regulatory Information Management Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 VEEVA SYSTEMS (USA)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 MASTERCONTROL (USA)
8.4 DASSAULT SYSTÈMES (FRANCE)
8.5 ORACLE CORPORATION (USA)
8.6 SAP SE (GERMANY)
8.7 METRICSTREAM (USA)
8.8 SPARTA SYSTEMS (USA)
8.9 DILIGENT CORPORATION (USA)
8.10 ENABLON (USA)
8.11 GAIA GROUP (CANADA)
8.12 ACENTRA HEALTH (USA)
8.13 BIOVIA (USA
8.14 OTHER ACTIVE PLAYERS
Chapter 9: Global Regulatory Information Management Market By Region
9.1 Overview
9.2. North America Regulatory Information Management Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Component
9.2.4.1 Software
9.2.4.2 Services
9.2.5 Historic and Forecasted Market Size By Deployment Mode
9.2.5.1 On-Premises
9.2.5.2 Cloud-Based
9.2.6 Historic and Forecasted Market Size By Enterprise Size
9.2.6.1 Small and Medium Enterprises (SMEs
9.2.6.2 Large Enterprises
9.2.7 Historic and Forecasted Market Size By Industry Vertical
9.2.7.1 Pharmaceutical
9.2.7.2 Biotechnology
9.2.7.3 Medical Devices
9.2.7.4 Healthcare Providers
9.2.7.5 Contract Research Organizations (CROs
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Regulatory Information Management Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Component
9.3.4.1 Software
9.3.4.2 Services
9.3.5 Historic and Forecasted Market Size By Deployment Mode
9.3.5.1 On-Premises
9.3.5.2 Cloud-Based
9.3.6 Historic and Forecasted Market Size By Enterprise Size
9.3.6.1 Small and Medium Enterprises (SMEs
9.3.6.2 Large Enterprises
9.3.7 Historic and Forecasted Market Size By Industry Vertical
9.3.7.1 Pharmaceutical
9.3.7.2 Biotechnology
9.3.7.3 Medical Devices
9.3.7.4 Healthcare Providers
9.3.7.5 Contract Research Organizations (CROs
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Regulatory Information Management Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Component
9.4.4.1 Software
9.4.4.2 Services
9.4.5 Historic and Forecasted Market Size By Deployment Mode
9.4.5.1 On-Premises
9.4.5.2 Cloud-Based
9.4.6 Historic and Forecasted Market Size By Enterprise Size
9.4.6.1 Small and Medium Enterprises (SMEs
9.4.6.2 Large Enterprises
9.4.7 Historic and Forecasted Market Size By Industry Vertical
9.4.7.1 Pharmaceutical
9.4.7.2 Biotechnology
9.4.7.3 Medical Devices
9.4.7.4 Healthcare Providers
9.4.7.5 Contract Research Organizations (CROs
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Regulatory Information Management Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Component
9.5.4.1 Software
9.5.4.2 Services
9.5.5 Historic and Forecasted Market Size By Deployment Mode
9.5.5.1 On-Premises
9.5.5.2 Cloud-Based
9.5.6 Historic and Forecasted Market Size By Enterprise Size
9.5.6.1 Small and Medium Enterprises (SMEs
9.5.6.2 Large Enterprises
9.5.7 Historic and Forecasted Market Size By Industry Vertical
9.5.7.1 Pharmaceutical
9.5.7.2 Biotechnology
9.5.7.3 Medical Devices
9.5.7.4 Healthcare Providers
9.5.7.5 Contract Research Organizations (CROs
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Regulatory Information Management Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Component
9.6.4.1 Software
9.6.4.2 Services
9.6.5 Historic and Forecasted Market Size By Deployment Mode
9.6.5.1 On-Premises
9.6.5.2 Cloud-Based
9.6.6 Historic and Forecasted Market Size By Enterprise Size
9.6.6.1 Small and Medium Enterprises (SMEs
9.6.6.2 Large Enterprises
9.6.7 Historic and Forecasted Market Size By Industry Vertical
9.6.7.1 Pharmaceutical
9.6.7.2 Biotechnology
9.6.7.3 Medical Devices
9.6.7.4 Healthcare Providers
9.6.7.5 Contract Research Organizations (CROs
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Regulatory Information Management Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Component
9.7.4.1 Software
9.7.4.2 Services
9.7.5 Historic and Forecasted Market Size By Deployment Mode
9.7.5.1 On-Premises
9.7.5.2 Cloud-Based
9.7.6 Historic and Forecasted Market Size By Enterprise Size
9.7.6.1 Small and Medium Enterprises (SMEs
9.7.6.2 Large Enterprises
9.7.7 Historic and Forecasted Market Size By Industry Vertical
9.7.7.1 Pharmaceutical
9.7.7.2 Biotechnology
9.7.7.3 Medical Devices
9.7.7.4 Healthcare Providers
9.7.7.5 Contract Research Organizations (CROs
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Q1: What would be the forecast period in the Regulatory Information Management Market research report?
A1: The forecast period in the Regulatory Information Management Market research report is 2024-2032.
Q2: Who are the key players in the Regulatory Information Management Market?
A2: Veeva Systems (USA), MasterControl (USA), Dassault Systèmes (France), Oracle Corporation (USA), SAP SE (Germany), MetricStream (USA), Sparta Systems (USA), and Active Major Players.
Q3: What are the segments of the Regulatory Information Management Market?
A3: The Regulatory Information Management Market is segmented into Component, Deployment Type, Application, End User and region. By Component, the market is categorized into Software, Services. By Deployment Type, the market is categorized into On-premises, Cloud. By End-user, the market is categorized into Pharmaceutical & Biotechnology, Medical Devices, Food & Beverages, Others. By Application, the market is categorized into Regulatory Compliance Management, Regulatory Reporting, Document Management, License & Permit Management, Others. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Q4: What is the Regulatory Information Management Market?
A4: Regulatory Information Management or RIM market on the other hand refers to the tools, technologies and solutions in use by organisations in management of specific regulatory compliance processes. Such systems create order out of regulatory information, generate reports, track licenses, and codify documents to enact strict global compliance with local and international regulations.
Q5: How big is the Regulatory Information Management Market?
A5: Regulatory Information Management Market Size Was Valued at USD 59.7 Billion in 2023, and is Projected to Reach USD 310.8 Billion by 2032, Growing at a CAGR of 20.12% From 2024-2032.
How to Buy a Report from eminsights.jp
On the product page, choose the license you want: Single-User License, Multi-User License or Enterprise License.
If you required report in your native language, then you can click on Translated Report button and fill out the form with report name and language you want, then our team will contact you as soon as possible.
Click the Buy Now button.
You will be redirected to the checkout page. Enter your company details and payment information.
Click Place Order to complete the purchase.
Confirmation: You’ll receive an order confirmation and our team will contact you shortly with your ordered report.
If you have any questions, fill out the contact form below or email us at bizdev@eminsights.net.
Thank you for choosing eminsights.jp!
