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1563756

監査ソフトウェアのインド市場の評価:コンポーネント別、組織規模別、展開別、業界別、地域別、機会、予測(2018年度~2032年度)

India Audit Software Market Assessment, By Component, By Organization Size, By Deployment, By Vertical, By Region, Opportunities and Forecast, FY2018-FY2032F


出版日
ページ情報
英文 138 Pages
納期
3~5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.57円
監査ソフトウェアのインド市場の評価:コンポーネント別、組織規模別、展開別、業界別、地域別、機会、予測(2018年度~2032年度)
出版日: 2024年10月01日
発行: Market Xcel - Markets and Data
ページ情報: 英文 138 Pages
納期: 3~5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

インドの監査ソフトウェアの市場規模は、2024年度の8,841万米ドルから2032年度に2億5,362万米ドルに達すると予測され、2025年度~2032年度の予測期間にCAGRで14.08%の成長が見込まれます。市場は、厳しい規制要件、技術の進歩、デジタルトランスフォーメーションによって成長しています。インドでは、Companies Act 2013やGoods and Services Tax(GST)など、規制の水準が高まっており、企業はより正確で透明性の高い財務記録を維持しなければなりません。監査ソフトウェアは、コンプライアンスチェックを自動化し、法定申告を処理することで、要求されるコンプライアンスの遵守を確実に把握するのに役立ちます。さらに、この国特有のIT Act 2000では、明確なデータ保護対策が求められているため、監査ソフトウェアを通じて、特定のサイバーセキュリティ要件の遵守に向けたデータアクセスとセキュリティプロトコルをモニターしています。

AI、ML、クラウドベースのソリューションなど、技術の分野における進歩は、データアナリティクスの効率性と正確性、タスクの自動化、リアルタイムでのデータアクセス能力を合理化することで監査の質を向上させており、監査プロセスの合理化に多額の先行投資を必要とする可能性のある中小企業にとって、これらの監査は最適なものとなっています。

しかし、この種のソフトウェアを採用する最大の促進要因の1つは、規制へのコンプライアンスの強化や不正リスクの低減など、監査ソフトウェアに関連する利点に対する認識の高まりです。また、金融、医療、製造などの特定業界向けのソフトウェアも増加傾向にあります。さらに、インド経済の成長とDigital Indiaなどのプログラムによるデジタルトランスフォーメーションにより、企業は競合とコンプライアンスのために、より精巧な監査ソフトウェアに適応するようになっています。

例えば2023年10月、チェンナイを拠点とする監査/リスクSaaS(Software-as-a-Service)のスタートアップであるAuditCueは、Kalaari Capitalが主導するシード資金調達ラウンドで150万米ドルを調達しました。その他の投資家には、Java Capitalやサンフランシスコのエンジェル投資家が含まれます。今回の資金調達は、コンプライアンスと先進の技術力に対するニーズの高まりによって、インドにおける監査ソフトウェアソリューションへの関心と投資が高まっていることを明示しています。

当レポートでは、インドの監査ソフトウェア市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢などを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 製品と市場情報
  • ブランド認知の方式
  • 購入決定において考慮される要素
    • 機能とその他の付加価値サービス
    • ITインフラの互換性
    • ソリューションの効率
    • アフターサポート
  • プライバシーと規制の考慮

第5章 インドの監査ソフトウェア市場の見通し(2018年度~2032年度)

  • 市場規模の分析と予測
    • 金額
  • 市場シェアの分析と予測
    • コンポーネント別
    • 組織規模別
    • 展開別
    • エンドユーザー別
    • 地域別
    • 市場シェア分析:企業別(金額)(上位5社とその他 - 2024年度)
  • 市場マップ分析(2024年度)
    • コンポーネント別
    • 組織規模別
    • 展開別
    • エンドユーザー別
    • 地域別

第6章 需給分析

第7章 バリューチェーン分析

第8章 ポーターのファイブフォース分析

第9章 PESTLE分析

第10章 ソフトウェアの価格分析

第11章 市場力学

  • 市場促進要因
  • 市場の課題

第12章 市場の動向と発展

第13章 ケーススタディ

第14章 競合情勢

  • マーケットリーダー上位5社の競合マトリクス
  • 上位5社のSWOT分析
  • 主要企業上位10社の情勢
    • International Business Machines Corporation (IBM)
    • SAP India Private Limited
    • AuditBoard Inc.
    • Ideagen Solutions Private Limited
    • Tally Solutions Pvt. Ltd.
    • Riskpro India Ventures Private Limited
    • NetSuite ERP
    • ControlCase International Private Limited
    • SAG Infotech Private Limited
    • Zoho Corporation Pvt. Ltd.

第15章 戦略的推奨

第16章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Audit Software Market, By Value, In USD Million, FY2018-FY2032F
  • Figure 2. India Audit Software Market Share (%), By Component, FY2018-FY2032F
  • Figure 3. India Audit Software Market Share (%), By Organization Size, FY2018-FY2032F
  • Figure 4. India Audit Software Market Share (%), By Deployment, FY2018-FY2032F
  • Figure 5. India Audit Software Market Share (%), By Vertical, FY2018-FY2032F
  • Figure 6. India Audit Software Market Share (%), By Region, FY2018-FY2032F
  • Figure 7. By Component Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 8. By Organization Size Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 9. By Deployment Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 10. By Vertical Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 11. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024
目次
Product Code: MX11998

India audit software market is projected to witness a CAGR of 14.08% during the forecast period FY2025-FY2032, growing from USD 88.41 million in FY2024 to USD 253.62 million in FY2032. The audit software market in India is growing due to stringent regulatory requirements, technological advancements, and digital transformation. With the increasing level of regulation in India, for instance, with the Companies Act of 2013 and the Goods and Services Tax (GST), firms must maintain more accurate and transparent financial records. The audit software helps automate compliance checks and handle statutory filings to ensure an understanding of adherence to the required compliance. Additionally, the country-specific IT Act of 2000 requires well-defined data protection measures and, thus, monitors data access and security protocols toward adherence to specific cybersecurity requirements through audit software.

Advancements in the field of technology, including AI, ML, and cloud-based solutions, have improved the quality of audits by streamlining efficiency and accuracy in data analysis, task automation, and the ability to access data in real-time, thus making these audits perfectly suitable for SMEs which might otherwise require significant investments upfront for their audit process streamlining.

However, one of the biggest drivers for the adoption of this kind of software is the rising awareness of the benefits that are associated with audit software, including heightened compliance with regulations and a reduced risk of fraud. Industry-specific software available for sectors such as finance, healthcare, and manufacturing are on the rise. Moreover, the growth of the Indian economy and digital transformation through programs such as Digital India is making companies adapt to more sophisticated audit software to compete and be compliant.

For instance, in October 2023, AuditCue, a Chennai-based audit and risk software-as-a-service (SaaS) startup, raised USD 1.5 million in a seed funding round led by Kalaari Capital. Other investors included Java Capital and angel investors from San Francisco. This funding highlights the growing interest and investment in audit software solutions in India, driven by the increasing need for compliance and advanced technological capabilities.

Security Regulations by the Indian Government to Drive Market Growth

Audit software plays a crucial role in Indian companies handling their compliance with various regulations, such as the Companies Act 2013, which automates compliance checks and maintains audit trails to ensure transparent financial reporting, and the IT Act of 2000, which requires electronic data protection, where software helps track access and security for monitoring access and cybersecurity occurrences. It aids in compliance with tax through GST calculation and fittings and right income declarations under the Income Tax Act of 1961. It supports RBI guidelines on accounting through proper financial reporting, helping to keep records of SEBI regulations for transparency in securities markets. On the ever-increasing stature of ESG reporting, it tracks the metric points and manages data collection to serve the best. In general, audit software improves compliance efficiency with the multitude of regulations that Indian businesses must comply with.

For instance, in April 2024, the Reserve Bank of India (RBI) imposed a monetary penalty of USD 3,600 (INR 300,000) on Ambarnath Jai Hind Co-operative Bank Limited, Ambarnath, Maharashtra Bank, for non-compliance with certain provisions of RBI directions on Maintenance of Deposit Accounts of Primary (Urban) Co-operative Banks.

Technological Advancements Transforming the Audit Software Landscape in India

The audit software market in India has seen significant growth due to technological advancements, coupled with augmenting demand for automation in auditing processes. Artificial Intelligence (AI) and Machine Learning (ML) are automation tools that bring efficiency and accuracy by streamlining routine data entry and compliance checks while analyzing large data sets to detect patterns that manual audits might miss. Cloud-based solutions offer real-time access to financial data and instantaneous reporting with continuous monitoring of compliance and performance. These solutions help reduce costs through lower operational costs as they enable easier scalability, which is a great possibility for SMEs to leverage advanced audit capabilities without high front-end investments, propelling an aggressive competitive landscape.

For instance, in 2023, according to Checkpoint, India experienced 2,138 weekly attacks per organization, marking a 15 percent increase since 2022. In Asia-Pacific, India ranks as the second most targeted country, with 2,138 weekly attacks per organization, following Taiwan, which recorded 3,050 incidents, indicating the need for extensive software.

BFSI Vertical to Dominate India Audit Software Market Share

The Banking, Financial Services, and Insurance (BFSI) sector dominates the audit software market in India due to several key factors. The sector is highly regulated, demanding strict adherence to a variety of national and international standards that trigger thorough audit software to save the organization from penalties. In addition, risk in financial institutions for fraud and cyber threats demands effective identification, assessment, and mitigation by appropriate audit software. Another important reason is the huge complexity and volume of data dealt with in the BFSI sector, thereby indicating the significance of proper data management and accurate analysis that brings clarity to financial reporting. Consequently, audit software minimizes the amount of manual effort and enhances operational efficiency during the audit process, which is highly significant for maintaining financial institutions with high levels of accuracy.

For instance, Citi Bank, one of the major BFSI firms, uses IBM's OpenPages software for auditing. In 2021, Citi embarked on a transformative journey to enhance its internal audit processes by integrating advanced technologies such as machine learning (ML), natural language processing (NLP), and artificial intelligence (AI). Citi employs OpenPages to automate and streamline its audit processes, from planning and scoping audits to detecting anomalies and generating reports.

Southern India to Dominate the Audit Software Market Share

The southern region in India dominates the share of the audit software market in the country, owing to strong economic activities and a large presence of enterprises, including small, medium-sized, and large enterprises. The region is a hub of many IT cities, such as Bangalore, Chennai, and Hyderabad, which are adopting digital technologies at a high rate, thereby increasing the demand for software for audit management.

In July 2023, US-based AMD announced that it would invest USD 400 million in India for the largest design facility in the country, in Bengaluru. It aims to establish around 3,000 new engineering jobs by the end of 2028 and contribute mainly to local job markets. Hence, Bengaluru retains the status of being the Silicon Valley of India.

Future Market Scenario (FY2025 - FY2032F)

The Companies Act of 2013 and the Information Technology (IT) Act of 2000 are fueling the demand for advanced audit software in India. This software requires an upgrade to adapt to stringent and evolving regulatory requirements.

AI and machine learning improve the efficiency and accuracy of audits through predictive analytics and auto-processing, besides scalability, flexibility, and cost-effectiveness through cloud computing in support of remote access and real-time collaboration.

India is offering digital solutions to the corporate world in audits to help improve efficiency and accuracy in operations. Electronic audit evidence poses a volume requirement on sophisticated data management abilities.

Cloud solutions inherently limit high upfront investments in hardware and infrastructure and allow SMEs easy access to advanced audit tools, thereby causing an uptick in adoption.

Key Players Landscape and Outlook

India audit software market is highly competitive and dynamic. Most of the key players develop strategic partnerships to enhance their market presence, focusing on technological advancement and consumer-centric strategies. Affordability and customization are the themes of companies catering to the diverse needs of Indian businesses, while product innovation continuously strives for user-friendly interfaces. These firms are integrating artificial intelligence, machine learning, and data analytics for audit processes to improve efficiency and compliance and, thus, position themselves better to meet the increasingly shifting demands of the market.

In September 2024, SAG Infotech Private Limited added a new feature called Import Tally to their latest version, 5.33 of Gen GST Online software. It means that users of this software can easily import data from the accounting software, Tally.

In May 2023, Ideagen Plc invested USD 3.125 million into new India and Malaysia operations as they opened new sites in Hyderabad and one in Kuala Lumpur. It already has offices across the United Kingdom, the United States, Australia, UAE, and Bulgaria.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-Added Service
    • 4.3.2. IT Infrastructure Compatibility
    • 4.3.3. Efficiency of Solutions
    • 4.3.4. After-Sales Support
  • 4.4. Consideration of Privacy and Regulations

5. India Audit Software Market Outlook, FY2018-FY2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Component
      • 5.2.1.1. Solution
      • 5.2.1.2. Service
    • 5.2.2. By Organization Size
      • 5.2.2.1. SMEs
      • 5.2.2.2. Large Enterprises
    • 5.2.3. By Deployment
      • 5.2.3.1. On-Premises
      • 5.2.3.2. Cloud
    • 5.2.4. By End-user
      • 5.2.4.1. BFSI
      • 5.2.4.2. Energy and Utility
      • 5.2.4.3. Manufacturing
      • 5.2.4.4. Food and Beverage
      • 5.2.4.5. Accounting/CPA Firms
      • 5.2.4.6. Non-Profit Organizations
    • 5.2.5. By Region
      • 5.2.5.1. North
      • 5.2.5.2. South
      • 5.2.5.3. East
      • 5.2.5.4. West and Central
    • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Component
    • 5.3.2. By Organization Size
    • 5.3.3. By Deployment
    • 5.3.4. By End-user
    • 5.3.5. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Software Pricing Analysis

11. Market Dynamics

  • 11.1. Market Drivers
  • 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

  • 14.1. Competition Matrix of Top 5 Market Leaders
  • 14.2. SWOT Analysis for Top 5 Players
  • 14.3. Key Players Landscape for Top 10 Market Players
    • 14.3.1. International Business Machines Corporation (IBM)
      • 14.3.1.1. Company Details
      • 14.3.1.2. Key Management Personnel
      • 14.3.1.3. Products and Services
      • 14.3.1.4. Financials (As Reported)
      • 14.3.1.5. Key Market Focus and Geographical Presence
      • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 14.3.2. SAP India Private Limited
    • 14.3.3. AuditBoard Inc.
    • 14.3.4. Ideagen Solutions Private Limited
    • 14.3.5. Tally Solutions Pvt. Ltd.
    • 14.3.6. Riskpro India Ventures Private Limited
    • 14.3.7. NetSuite ERP
    • 14.3.8. ControlCase International Private Limited
    • 14.3.9. SAG Infotech Private Limited
    • 14.3.10. Zoho Corporation Pvt. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer