What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in policy management software category. Our data sources in policy management software category include;
Policy management software helps businesses to streamline the creation, adoption, and accessibility of an organizations' different corporate policies. By assigning and sharing the policies with the employees, identifying noncompliances, and suggesting corrective actions, policy management tools ensure that organizations are regulatory-compliant.
If you’d like to learn about the ecosystem consisting of Policy Management Software and others, feel free to check AIMultiple Governance, Risk & Compliance.
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We use the data sources on the side for ranking solutions and awarding badges in policy management software category. Our data sources in policy management software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
PowerDMS
MetaCompliance Security Awareness Training
Policy Manager Software
Policy & Procedure Management
PM AM HCM
Taking into account the latest metrics outlined below, these are the current policy management software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
PowerDMS
MetaCompliance Security Awareness Training
Policy Manager Software
Policy & Procedure Management
PM AM HCM
These are the number of queries on search engines which include the brand name of the solution. Compared to other Governance, Risk & Compliance categories, Policy Management Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 93%, 16% more than the average of search queries in this area.
69 employees work for a typical company in this solution category which is 48 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 15 companies with >10 employees are offering policy management software. Top 3 products are developed by companies with a total of 3k employees. The largest company building policy management software is MetricStream with more than 1000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
PowerDMS
MetaCompliance Security Awareness Training
Policy Manager Software
Policy & Procedure Management
PM AM HCM
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Policy Management Software companies. The most positive word describing Policy Management Software is “Easy to use” that is used in 16% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Policy Management Software reviews.
According to customer reviews, most common company size for policy management software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 58% of policy management software customers. For an average Governance, Risk & Compliance solution, customers with 51-1,000 employees make up 40% of total customers.
These scores are the average scores collected from customer reviews for all Policy Management Software. Policy Management Software is most positively evaluated in terms of "Customer Service" but falls behind in "Ease of Use".
This category was searched on average for 997 times per month on search engines in 2022. This number has increased to 1k in 2023. If we compare with other governance, risk & compliance solutions, a typical solution was searched 997 times in 2022 and this increased to 1k in 2023.