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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A whistleblowing software is used to report any wrongdoing, misconduct, or unethical behavior to the concerned authority of an organization. Whistleblowing software offers unified and streamlined workflows across the whole organization. Moreover, whistleblowing software also delivers reporting and insights to executives and boards, that can help them to make informed decisions and mitigate legal, reputational, and operational risks.  

In addition, several countries are implementing strict rules and regulations for whistleblowing in organizations, which can help to increase the safety and security of employees across the country. For instance, whistleblowing regulations across the various countries of the European Union are as follows:

U.K.: The Public Interest Disclosure Act of 1998, which applies to all businesses; and the Accountability and Whistleblowing Instrument 2015 for the financial services sector.

France: The Sapin II Act of 2016, foremost a corporate anti-corruption law, also defines whistleblowers and the protections they must receive.

Italy: Law No. 179/2017, known as “the Whistleblowing Law,” adopted in 2017.

Global Whistleblowing Software Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all industries including infrastructure, retail, manufacturing, and others. To combat the COVID-19 pandemic, most of the countries have implemented strict lockdowns and canceled all domestic as well as international flights.

Due to COVID-19 pandemic several organizations have offered work from home opportunity to their employees. This limits the organizations visibility over employee issue and disputes, which can hamper the efficiency of employees. The remote working of employees may increase the demand of whistleblowing software across the organizations for managing the disputes and the complaints of employees remotely.

Asia Pacific region is expected to hold dominant position in the global whistleblowing software market during the forecast period.

Statistics:

Among regions, Asia Pacific held dominant position in the global whistleblowing software market in 2019, accounting for 32.6% share in terms of value, followed by Europe and North America.

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Whistleblowing Software Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 86.23 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2020 to 2027
Forecast Period 2021 to 2028 CAGR: 8.90% 2028 Value Projection: US$ 170.56 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Deployment Type: Cloud-based, On-premise
  • By Enterprise Size: SMEs (Small and Medium Enterprises), Large Enterprises
  • By End-user: Employees, Customers
  • By End-use Industry: BFSI, Retail, IT and Telecommunication, Healthcare and Life Science, Energy and Power, Media and Entertainment, Others 
Companies covered:

Major companies operating in the global whistleblowing software market include: Canary Whistleblowing System, Convercent, EQS Group AG, Ethicontrol, OU, Expolink Europe Ltd, GlobaLeaks, Got Ethics A/S., NAVEX Global, Inc., OneTrust, LLC, Safecall Ltd, Whispli Inc., WhistleB solution, WhistleBlower Security, Your Call, and EasyWhistle

Growth Drivers:
  • Increasing number of SME organizations across the globe 
  • The growing support of government of many countries, for the whistleblowing
Restraints & Challenges:
  • High initial investment in whistleblowing software 

Figure 1: Global Whistleblowing Software Market Share (%), By Region, 2019

Whistleblowing Software  | Coherent Market Insights

In the year 2019 the Asia Pacific region holds the dominant market share in the global whistleblowing software market, which is expected to retain its dominance over the forecast period. The growth of the Asia Pacific region is majorly attributed due to the increasing number of small and medium organizations in developing economies such as India and China. In addition, governments of various countries in Asia Pacific region, are implementing rules and regulations of whistleblowing policy, for combating the mischief or misconduct done by the employee of an organization. For instance, in July 2019, the Amendments to the Corporations Act 2001 and Taxation Administration Act 1953, was implemented in Australia. These amendments will create an expanded whistleblower protection regime that will be applicable to regulated entities of the corporate, finance, and credit sectors.

Major companies operating in the global whistleblowing software market include: Canary Whistleblowing System, Convercent, EQS Group AG, Ethicontrol, OU, Expolink Europe Ltd, GlobaLeaks, Got Ethics A/S., NAVEX Global, Inc, OneTrust, LLC, Safecall Ltd, Whispli Inc, WhistleB solution, WhistleBlower Security, Your Call, and EasyWhistle.

Among deployment type segment, the cloud-based sub-segment is expected to grow with highest CAGR in the market during the forecast period owing to increasing adoption of cloud-based technologies among the organizations.

The growth of the cloud-based segment is majorly attributed, as it requires lower cost and less time for installation as compared to on premise-based deployment option. Furthermore, organizations operating in various industries are shifting towards cloud-based deployment options, as it decreases the risk associated with cash flow oversight, increases productivity & efficiency, and provides improved reporting and analytic capabilities. For instance, according to Coherent Market Insights’ analysis, by the year 2020, approximately 83% of organizations across the globe have shifted some part of their, workloads on the cloud, which is expected to further grow over the forecast period.

Figure 2: Global Whistleblowing Software Market Value (US$ Bn), 2017 - 2028

Whistleblowing Software  | Coherent Market Insights

The global whistleblowing software market was valued at US$ 79.18 Bn in 2019 and is expected to reach US$ 170.56 Bn by 2028 at a CAGR of 8.90% between 2021 and 2028.

Whistleblowing software is used by the public as well as private sector organizations to confidentially report any wrongdoing such as wrong behavior, discrimination, theft, or insubordination. Whistleblowing software allows regulation of the procedures for increasing and protecting the report of wrongdoing. Through a whistleblowing system, the whistleblower informs about wrongdoing, to the legal authority or the HR professionals, who then informs upper-level management regarding the incidence, so that further actions can be taken, according to the organizations policies.

Moreover, in external whistleblowing, the customers or clients of the organization can report an alleged illegal and unethical activity, by the employee of an organization. For instance, if any alleged wrongful activity is reported through online platform, or company’s hotline.

Market Dynamics

The demand for whistleblowing software is majorly getting increased due to an increase in the number of small and medium enterprises (SMEs), across the globe, increase in assistance from government bodies for the adoption of whistleblowing software. In addition, an increase in the number of fraudulent activities, unethical, and misconduct behavior in organizations, is attributing to the demand for whistleblowing software across the globe.

For instance, according to The Organization for Economic Co-operation and Development (OECD), in the year 2020, small and medium enterprises (SMEs), account for over 95% of the total number of firms across the globe. Moreover, according to the same source, small and medium enterprises (SMEs) account for approximately 60% - 70% of the employment share, which is expected to grow over the forecast period. Moreover, according to the same source, SMEs are holding a major share in employment in major countries such as Italy and Japan, and they are holding a relatively smaller share in the U.S.

Key features of the study:

  • This report provides in-depth analysis of the global whistleblowing software market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global whistleblowing software market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, whistleblowing software market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Canary Whistleblowing System, Convercent, EQS Group AG, Ethicontrol, OU, Expolink Europe Ltd, GlobaLeaks, Got Ethics A/S., NAVEX Global, Inc, OneTrust, LLC, Safecall Ltd, Whispli Inc, WhistleB solution, WhistleBlower Security, Your Call, and EasyWhistle.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global whistleblowing software market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global whistleblowing software market

Detailed Segmentation:

  • Global Whistleblowing Software Market, By Deployment Type:
    • On-premise
    • Cloud-based
  • Global Whistleblowing Software Market, By Enterprise Size:
    • SMEs
    • Large Enterprises
  • Global Whistleblowing Software Market, By End-user:
    • Employees
    • Customers
  • Global Whistleblowing Software Market, By End-use Industry:
    • BFSI
    • Retail
    • IT and Telecommunication
    • Healthcare and Life Science
    • Energy and Power
    • Media and Entertainment
    • Others
  • Global Whistleblowing Software Market, By Region:
    • North America
      • By Deployment Type:
        • On-premise
        • Cloud-based
      • By Enterprise Size:
        • SMEs (Small and Medium Enterprises)
        • Large Enterprises
      • By End-user:
        • Employees
        • Customers
      • By End-use Industry:
        • BFSI
        • Retail
        • IT and Telecommunication
        • Healthcare and Life Science
        • Energy and Power
        • Media and Entertainment
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Deployment Type:
        • On-premise
        • Cloud-based
      • By Enterprise Size:
        • SMEs (Small and Medium Enterprises)
        • Large Enterprises
      • By End-user:
        • Employees
        • Customers
      • By End-use Industry:
        • BFSI
        • Retail
        • IT and Telecommunication
        • Healthcare and Life Science
        • Energy and Power
        • Media and Entertainment
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Deployment Type:
        • On-premise
        • Cloud-based
      • By Enterprise Size:
        • SMEs (Small and Medium Enterprises)
        • Large Enterprises
      • By End-user:
        • Employees
        • Customers
      • By End-use Industry:
        • BFSI
        • Retail
        • IT and Telecommunication
        • Healthcare and Life Science
        • Energy and Power
        • Media and Entertainment
        • Others
      • By Country:
        • China
        • Singapore
        • India
        • Australia and New Zealand
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Deployment Type:
        • On-premise
        • Cloud-based
      • By Enterprise Size:
        • SMEs (Small and Medium Enterprises)
        • Large Enterprises
      • By End-user:
        • Employees
        • Customers
      • By End-use Industry:
        • BFSI
        • Retail
        • IT and Telecommunication
        • Healthcare and Life Science
        • Energy and Power
        • Media and Entertainment
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Deployment Type:
        • On-premise
        • Cloud-based
      • By Enterprise Size:
        • SMEs (Small and Medium Enterprises)
        • Large Enterprises
      • By End-user:
        • Employees
        • Customers
      • By End-use Industry:
        • BFSI
        • Retail
        • IT and Telecommunication
        • Healthcare and Life Science
        • Energy and Power
        • Media and Entertainment
        • Others
      • By Countries:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Canary Whistleblowing System*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Convercent
    • EQS Group AG
    • Ethicontrol, OU
    • Expolink Europe Ltd
    • GlobaLeaks
    • Got Ethics A/S.
    • NAVEX Global, Inc.
    • OneTrust, LLC
    • Safecall Ltd
    • Whispli Inc.
    • WhistleB solution
    • WhistleBlower Security
    • Your Call
    • EasyWhistle

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Deployment Type
      • Market Snippet, By Enterprise Size
      • Market Snippet, By End-user
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Solutions Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Whistleblowing Software Market: Impact of COVID-19 on Market
    • Short Term
    • Long term
  5. Global Whistleblowing Software Market, By Deployment Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Cloud-based
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • On-premise
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
  6. Global Whistleblowing Software Market, By Enterprise Size, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • SMEs (Small and Medium Enterprises)
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Large Enterprises
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
  7. Global Whistleblowing Software Market, By End-user, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • Employees
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Customers
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
  8. Global Whistleblowing Software Market, By End-use Industry, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2028 (%)
      • Segment trends
    • BFSI
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Retail
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • IT and Telecommunication
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Healthcare and Life Science
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Energy and Power
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Media and Entertainment
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
  9. Global Whistleblowing Software Market, By Region, 2017-2028  (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2021–2028(US$ Million)
      • Market Size and Forecast, By Enterprise Size, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-user, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2021–2028(US$ Million)
      • Market Size and Forecast, By Enterprise Size, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-user, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2021–2028(US$ Million)
      • Market Size and Forecast, By Enterprise Size, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-user, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • China
        • Singapore
        • India
        • Australia and New Zealand
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2021–2028(US$ Million)
      • Market Size and Forecast, By Enterprise Size, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-user, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2021–2028(US$ Million)
      • Market Size and Forecast, By Enterprise Size, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-user, 2021–2028(US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  10. Competitive Landscape
    • Company Profiles
      • Canary Whistleblowing System
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Convercent
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • EQS Group AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Ethicontrol, OU
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Expolink Europe Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • GlobaLeaks
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Got Ethics A/S.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • NAVEX Global, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • OneTrust, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Safecall Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Whispli Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • WhistleB solution
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • WhistleBlower Security
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Your Call
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • EasyWhistle
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on ‘Global Whistleblowing Software Market -forecast to 2028’

FAQgrowicon

Frequently Asked Questions

The global whistleblowing software market is expected to reach US$ 102.26 billion by 2022.
The market is expected to witness a CAGR of 8.90% during the forecast period (2021-2028).
Increasing number of organizations across different sectors, is expected to drive growth of the market during the forecast period.
The on premise segment held the largest market share among deployment type segment, contributing more than 60% in terms of value in 2019.
Asia Pacific held the largest share in the market in 2019, accounting for 32.6% share in terms of value.
Major companies operating in the market include: Canary Whistleblowing System, Convercent, EQS Group AG, Ethicontrol, OU, Expolink Europe Ltd, GlobaLeaks, Got Ethics A/S., NAVEX Global, Inc, OneTrust, LLC, Safecall Ltd, Whispli Inc, WhistleB solution, WhistleBlower Security, Your Call, and EasyWhistle.
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