Zayn Martinez
by on May 21, 2021

According to the latest report by IMARC Group, titled, “Governance, Risk and Compliance Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", provide the global governance, risk and compliance platform market to exhibit strong growth during 2021-2026.

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Industry Definition and Application:

Governance, risk and compliance (GRC) refers to a coordinated strategy which is used by an organization for managing issues associated with corporate governance, enterprise risk management (ERM) and complete compliance to regulatory requirements. It assists in improving the decision-making process, increasing optimal investments, and reducing fragmentation among different divisions or departments. It also helps users in enforcing regulations, identifying operational inefficiencies, minimizing complexity for managers, eliminating costs of multiple installations and automating most of the paperwork.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends and Drivers:

A GRC platform aids users in centralizing the complete program, identifying problems before they occur and integrating risk management in all processes. Strong growth has been experienced in the market on account of a substantial increase in the number of emerging organizations. Apart from this, the demand for GRC platforms is rising as these platforms help organizations in enhancing operational activities and achieving their targets by automating the workflow. Further, various firms are using these platforms as a standard approach for solving conformity and risk issues rather than solving them individually.

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Governance, Risk and Compliance Platform Market Segmentation:

The report has segmented on the basis of Deployment Model, Solution, Component, Service, Industry Vertical, End-Use and geography

Segmentation by Deployment Model

  1. On-Premises
    2. Cloud

Segmentation by Solution

  1. Audit Management
    2. Risk Management
    3. Policy Management
    4. Compliance Management
    5. Others

Segmentation by Component

  1. Software
    2. Services

Segmentation by Service

  1. Integration
    2. Consulting
    3. Support

Segmentation by End-User

  1. Small Enterprise
    2. Medium Enterprise
    3. Large Enterprise

Segmentation by Industry Vertical

  1. BFSI
    2. Construction and Engineering
    3. Energy and Utilities
    4. Government
    5. Healthcare
    6. Manufacturing
    7. Retail and Consumer Goods
    8. Telecom and IT
    9. Transportation and Logistics
    10. Others

Segmentation by Region

  1. North America
    2. Europe
    3. Asia Pacific
    4. Middle East and Africa
    5. Latin America

Who are the Major Governance, Risk and Compliance Platform Key players?

The report provides a detailed analysis of the market leaders, including.

  • IBM Corp.,
  • BWise BV,
  • SAP SE,
  • EMC Corporation,
  • SAS Institute Inc.,
  • Microsoft Corporation,
  • Fidelity National Information Services Inc.,
  • Oracle Corporation,
  • Thomson Reuters Corporation
  • Newport Consulting Group, LLC.

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players

Browse related reports:

Asia Pacific Governance, Risk and Compliance Platform Market Report:

United States Governance, Risk and Compliance Platform Market Report :

Europe Governance, Risk and Compliance Platform Market Report:

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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Topics: grc market size
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