For Business Process & Applications Professionals (Length: 12 pages)

Executive Summary (This is a document excerpt)

Although Sarbanes-Oxley (SOX) compliance software was underutilized in the initial crisis-driven compliance cycle for Section 404, today many large companies are investing in it to make the process more sustainable and efficient. The market for SOX-related software is evolving at a rapid pace, with maturity and market leadership already established for SOX compliance management solutions, which focus on internal controls evaluation. The second wave of SOX technology is now breaking out, complementing SOX compliance management by providing continuous controls monitoring and automation using several approaches (e.g., access controls, transaction analysis, rule-based enforcement, and spreadsheet controls). The overall market for SOX-related solutions, currently $200 million, will peak in 2008 at $376 million, followed by a period of consolidation and repositioning into broader governance, risk, and compliance areas.

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