Whistleblowing Software Market Size, Trends and Growth Analysis by 2027

The global whistleblowing software market was valued at approximately US$ 81.16 billion in 2019 and is projected to experience a compound annual growth rate (CAGR) of 9.6% during the forecast period, ultimately reaching US$ 149.30 billion by 2027.

Whistleblowing software can be deployed through both online platforms and mobile applications, facilitating two-way anonymous communication. This software equips organizations with the necessary tools to receive reports and investigate claims effectively. Additionally, analytics features help assess the frequency of misconduct within organizations. Whistleblowers, who often face significant risks, utilize encryption techniques and anonymous content-sharing applications to safeguard their identities from potential repercussions. A notable example is Tor, a widely used anonymity network that has undergone several critical security enhancements, ensuring the protection of whistleblowers who wish to disclose information confidentially. Recently, specialized whistleblowing solutions like SecureDrop and GlobaLeaks have been developed using Tor technology, making secure whistleblowing more accessible and appealing. These advancements in technology aimed at protecting whistleblower identities are driving the growth of the whistleblowing software market.

The whistleblowing software market is categorized based on deployment type, enterprise size, and geographical location. In terms of deployment, the market is divided into on-premises and web-based solutions. When considering enterprise size, it is segmented into large enterprises and small to medium-sized enterprises (SMEs). Geographically, the market is divided into regions including North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Key players in the whistleblowing software market include Business Keeper AG, Canary Whistleblowing System, Convercent, Deloitte, Ethicontrol, EthicsGlobal, LLC, Got Ethics A/S, Hello Ethics (ILLIX USA LLC), NAVEX Global, Inc., and Whispli Inc., among others.

Impact of the COVID-19 Pandemic on the Whistleblowing Software Market

The ongoing COVID-19 pandemic has significantly affected numerous industries worldwide, leading to a decline in growth for many sectors. Countries such as the United States, India, Brazil, Russia, South Africa, Mexico, and Spain have been particularly hard hit, with confirmed cases and fatalities rising sharply. According to the latest figures from Worldometer, there have been over 28 million confirmed COVID-19 cases and approximately 908,046 deaths globally. The pandemic has disrupted economies and industries due to lockdowns, travel restrictions, and business closures.

The whistleblowing software market has faced challenges as a result of the pandemic. The shift to remote work has created significant obstacles, limiting organizations' ability to monitor employee issues and disputes effectively. This has hindered the normal reporting channels that employees rely on to raise concerns. Furthermore, there may be delays or a lack of response to reports submitted by employees, as those involved in managing whistleblowing programs may be preoccupied with other urgent responsibilities. Additionally, third-party entities that support whistleblowing initiatives may also experience operational disruptions due to the pandemic.

With lockdown measures implemented across regions including North America, Europe, Asia Pacific, Middle East and Africa, and South America, many sectors have faced severe challenges. Companies are also reducing their IT budgets, which could negatively impact the sales of whistleblowing software. Consequently, the COVID-19 pandemic is anticipated to have a short-term adverse effect on the whistleblowing software market.

The overall size of the whistleblowing software market is determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This includes an overview and forecast of the global whistleblowing software market segmented by the five primary regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Additionally, primary interviews are conducted with industry participants and experts to validate and analyze the collected data. Participants in this process include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the whistleblowing software sector.