Whistleblowing Software Market Is Estimated To Witness High Growth Owing To Increased Corporate Regulations for Transparency
Whistleblowing Software market The Whistleblowing Software market is estimated to be valued at US$ 229.4 Bn or Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Whistleblowing software is a tool used by organizations to enable internal and external stakeholders to report unethical, dangerous or illegal activities anonymously and confidentially. These software provide secure and anonymous reporting channels with various options such as phone, email, web portal or mobile applications. They help companies comply with regulations while ensuring confidentiality and safety of whistleblowers. With the rise in corporate regulations promoting transparency, whistleblowing software market is gaining significant traction. Market Dynamics: Increased corporate regulations for transparency: Stringent regulations such as Sarbanes–Oxley Act and Dodd–Frank Act promote e...