Global Business Assurance Market Latest Trends and Forecast to 2026

Business assurance helps companies to overcome numerous issues, including risk management, preservation of compliance, and efficient corporate governance, among others. Business assurance requires a suite of dedicated software systems that collaborate to provide enterprise-wide automated monitoring of controls and reliable monitoring of key indicators and provide a summary of all key functions for management staff. Risk management, audit management, compliance management, e-learning, contract management, business continuity management, and corporate legal management are among other applications for business assurance services.

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The global business assurance market is segmented into ‘on-premises’ and ‘cloud-based’ on the basis of deployment form. In 2018, the on-site segment accounted for the largest market share of about 59.9%. On-premise software systems for business assurance operate on a local computer (or server) with a database that is typically stored on the site, which can be accessed from office computers. The organisation is also responsible for the maintenance and handling of procedures relevant to on-site facilities.

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