According to the Regional Research Reports, the Global Governance, Risk and Compliance (GRC) Platform Market size was valued at USD 36.7 Billion in 2021 and reach USD 78.9 Billion by 2030, projecting at a CAGR of 10.23% from 2022 to 2030.

GRC platforms help businesses mitigate risk to minimize financial, legal, and all other liabilities. Companies use GRC platforms to define, implement, and monitor company-wide strategies for risk management. Also known as enterprise risk management (ERM), this type of software covers multiple types of risks: financial, hazard, strategic, and operational. GRC features organize and evaluate risk information, track company-wide incidents, and provide various tools for measuring risk factors and modifying operations to comply with policies and regulations. GRC platforms are used mostly by compliance officers, analysts, and managers. Operations teams within an organization utilize GRC platforms to maintain the integrity of their company and avoid scenarios such as lawsuits, investigations, and injuries.

GRC platforms should not be confused with cybersecurity software, which focuses on security and privacy and does not cover other types of risks. This type of software integrates with environmental, quality, and safety management software for industries such as retail and manufacturing. Each of the three GRC components—governance, risk, and compliance—impacts the organization and reveal valuable information to the other two. Vendors typically package GRC platforms as a whole to deliver these collective benefits to the user.    

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Global GRC Platform Market Analysis

The report provides an analysis of the current trends and future estimations of the global GRC Platform market. The report also includes the drivers, restraints, opportunities, and challenges faced by the vendors operating in this market. In addition, the report analyzes the impact of these factors on the growth of the market over the forecast period. To evaluate the market size, the global market research report considers the revenue generated from the sales of GRC Platform products. In addition, the market breakdown data for each component, deployment model, organization size, industry, and regional market is provided in the report.

The GRC Platform market report thoroughly analyzes detailed macro-micro economic factors as well as segmental and regional market attractiveness. The report will include an in-depth quantitative and qualitative assessment of the segmental/regional market outlook considering the market players' presence in the respective region/country and segment. The finalized version of the research report also includes the conclusion and recommendation section specific to the buyer of the report.

GRC Platform Market Segmentation

Global GRC Platform Market Segment Percentages, By Deployment Mode Type, 2018-2021, 2022-2030 (US$ Millions)

  • Cloud
  • On-premises

Global GRC Platform Market Segment Percentages, By Organization Size Type, 2018-2021, 2022-2030 (US$ Millions)

  • Large Enterprises
  • Small and Medium-sized Enterprises

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Global GRC Platform Market Segment Percentages, By Component Type, 2018-2021, 2022-2030 (US$ Millions)

  • Software
  • Services

Global GRC Platform Market Segment Percentages, By Solution Type, 2018-2021, 2022-2030 (US$ Millions)

  • Audit Management
  • Risk Management
  • Policy Management
  • Compliance Management
  • Others

Global GRC Platform Market Segment Percentages, By Service Type, 2018-2021, 2022-2030 (US$ Millions)

  • Integration
  • Consulting
  • Support

Global GRC Platform Market Segment Percentages, By Industry Type, 2018-2021, 2022-2030 (US$ Millions)

  • BFSI
  • Construction and Engineering
  • Energy and Utilities
  • Government
  • Healthcare
  • Manufacturing
  • Retail and Consumer Goods
  • Telecom and IT
  • Transportation and Logistics
  • Others

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Global GRC Platform Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global GRC Platform Market Segment Percentages, By Region and Country, 2021 (%)

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA) 

Competitor Analysis of the Global GRC Platform Market

The report also provides an analysis of leading market participants, including:

  • Key companies GRC Platform revenues in global market, 2018-2021 (Estimated), (US$ Millions)
  • Key companies GRC Platform revenues market share in global market, 2021 (%)
  • Key companies GRC Platform sold in the global market, 2018-2021 (Estimated)

Leading GRC Platform Market Players –

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

(Note: The list of the key market players can be updated with the latest market scenario and trends)

GRC Platform Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter's Five Forces & Value/Supply Chain Analysis
  • Developed & Emerging Economies Analysis
  • PESTEL Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

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