Equity Management Software Market Trends
Growth Drivers
- Increasing Focus on Employment Engagement - Employee engagement and retention can be enhanced with equity management software that offers a user-friendly interface and simple access to their equity pay programs. Software for equity management can enable firms and their employees to communicate openly, which can increase engagement and trust. Employees can access their equity compensation plans and monitor their advancement in real-time, which can increase their sense of belonging to the business.
- Growing Demand for Real-Time Analytics - Real-time data analytics and insights provided by equity management software are gaining popularity. This is so that businesses can improve their equity compensation programs and make better-informed judgments.
- Rising Adoption of Cloud-based Systems - The adoption of cloud-based inventory management solutions is increasing owing to their cost-effectiveness, flexibility, and scalability. According to one report, 78% of large-scale organization makers say cloud-based technology in equity management solutions has improved their organization's agility.
- Rising Shift towards Digitalization and Technological Advancement – Day by day the world is shifting towards digitalization, as businesses are growing and every day some or other technologies are being invented worldwide, thus, increasing technological advancement in software is making it easy to handle the complex equity structure in an efficient easy way. Equity management software has developed in recent times with the adoption of new techs such as equity plan self-administration, simplified compliance, investor and employee access, secured cap table management, and others.
Challenges
- Complexity in Equity Management Software - Equity management involves a complex range of tasks such as managing equity plans, financial reporting, tax compliance, and communicating with stakeholders. These tasks can be time-consuming and require a high degree of expertise. As a result, businesses can struggle to find the right stock management software that meets their specific needs.
- Data Security Concern
- Less Awareness About Equity Management Software in Underdeveloped Economies
Equity Management Software Market: Key Insights
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.4% |
|
Base Year Market Size (2024) |
USD 746.59 million |
|
Forecast Year Market Size (2037) |
USD 3.29 billion |
|
Regional Synopsis |
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