Global Governance, Risk & Compliance Platforms Market Growth (Status and Outlook) 2024-2030

Global Governance, Risk & Compliance Platforms Market Growth (Status and Outlook) 2024-2030

Governance, Risk & Compliance software is used by publicly traded companies to control the accessibility of data and manage IT operations that are subject to regulation. An organization needs GRC to:

Align IT strategy across the company and eliminate silos operating independently

Accomplish goals while streamlining risk profile and protecting value

Minimize online threats, detect fraud, and catch errors

Ensure staff and company compliance to governmental regulations, such as SOX, export and customs laws, data privacy laws, hazardous materials requirements, and more

The global Governance, Risk & Compliance Platforms market size is projected to grow from US$ 1802.9 million in 2023 to US$ 2905.4 million in 2030; it is expected to grow at a CAGR of 7.1% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Governance, Risk & Compliance Platforms Industry Forecast” looks at past sales and reviews total world Governance, Risk & Compliance Platforms sales in 2023, providing a comprehensive analysis by region and market sector of projected Governance, Risk & Compliance Platforms sales for 2024 through 2030. With Governance, Risk & Compliance Platforms sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Governance, Risk & Compliance Platforms industry.

This Insight Report provides a comprehensive analysis of the global Governance, Risk & Compliance Platforms landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Governance, Risk & Compliance Platforms portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Governance, Risk & Compliance Platforms market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Governance, Risk & Compliance Platforms and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Governance, Risk & Compliance Platforms.

Some of the future market trends of GRC Platforms are:

Growing adoption of cloud-based GRC solutions, which offer scalability, flexibility, and cost-effectiveness

Increasing integration of artificial intelligence (AI) and machine learning (ML) capabilities, which enhance the functionality and intelligence of GRC solutions

Expanding scope and applicability of GRC solutions across various industry verticals, such as healthcare, retail, energy, and manufacturing

Rising demand for GRC solutions that can address the emerging and evolving risks and regulations, such as cyber threats, data privacy, and environmental, social, and governance (ESG) factors

Developing standards and frameworks for GRC best practices, such as the GRC Capability Model by the Open Compliance and Ethics Group (OCEG)

This report presents a comprehensive overview, market shares, and growth opportunities of Governance, Risk & Compliance Platforms market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud Based
On Premises

Segmentation by application
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Forcepoint
RSA Security
Rencore
Dun & Bradstreet
Workiva
Donesafe
ServiceNow
Mitratech
Mega Limited
SEON. Fraud Fighters
Qualys
SAI Global
Crownpeak
OneTrust
Galvanize
Ideagen
Thomson Reuters
Cura Software
MetricStream
Intland Software
Riskonnect
KnowBe4
PolicyMedical
CloudApper

Please note: The report will take approximately 2 business days to prepare and deliver.