Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Governance, Risk, and Compliance Platform Market: By Deployment Model: On-Premises, Cloud; By Solution; By Component; By Service; By End Use; By Industry Vertical; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Governance, Risk, and Compliance Platform Market Outlook

The global governance, risk, and compliance platform market reached a value of about USD 27.8 billion in 2020. The market is further expected to grow at a CAGR of around 11.2% to reach a value of nearly USD 52.6 billion by 2026.

 

North America is the leading region, accounting for the majority of the global market share. The United States will account for large revenue shares in the area where the adoption of integrated data systems by financial institutions to streamline internal as well as external data sources would lead to the expansion of the sector.

 

Governance, Risk, and Compliance Platform Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Segmentation

Governance, risk, and compliance or GRC refer to a structured approach used by the company to handle problems related to corporate governance, enterprise risk management (ERM) as well as to comply fully with regulatory requirements. This helps to enhance the decision-making process, increase optimum expenditure, and reduce overlap between different divisions or departments. It also allows users to implement standards, recognise organisational inefficiencies, reduce the workload of administrators, minimise various implementation costs, and automate most of the paperwork.

The deployment model of the market can be divided into on-premises and cloud.

On the basis of solution, the industry can be divided into:

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

Based on component, the industry can be bifurcated into software and services.

Based on service, the market can be divided into the following:

  • Integration 
  • Consulting 
  • Support 

The end uses can be categorised as follows:

  • Small Enterprise
  • Medium Enterprise 
  • Large Enterprise 

Based on industry vertical, the industry is divided into the following:

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

The regional markets for governance, risk, and compliance platform include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

A successful GRC platform helps to detect issues well before they arise, centralises the whole system in one place, and incorporates risk management across all controls and processes. There has been a rapid development in the GRC application market across the globe as a result of a substantial increase in the number of new organisations despite the prevailing corporate and government regulations. Furthermore, as these platforms enable businesses to meet their GRC objectives by automating the workflow, numerous organisations are implementing GRC platforms to improve their organisational activities and provide employees with a satisfactory experience. Therefore, companies are increasingly using GRC systems as a standard method to resolve enforcement and risk concerns rather than resolving them individually. All these drivers contribute to the growth of the market.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global governance, risk, and compliance platform market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • SAS Institute Inc.  
  • IBM 
  • SAP America, Inc.
  • Microsoft
  • Dell Technologies, Inc. 
  • Oracle
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Deployment Model, Solution, Component, Service, End Use, Industry Vertical, Region
Breakup by Deployment Mode On-Premises, Cloud
Breakup by Solution Audit Management, Risk Management, Policy Management, Compliance Management, Others
Breakup by Component Software, Services
Breakup by Service Integration, Consulting, Support
Breakup End Use Small Enterprise, Medium Enterprise, Large Enterprise
Breakup by Industry Vertical BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail and Consumer Goods, Telecom and IT, Transportation and Logistics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered SAS Institute Inc., IBM, SAP America, Inc., Microsoft, Dell Technologies, Inc., Oracle, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Governance, Risk, and Compliance Platform Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Governance, Risk, and Compliance Platform Historical Market (2018-2022) 
    8.3    Global Governance, Risk, and Compliance Platform Market Forecast (2023-2028)
    8.4    Global Governance, Risk, and Compliance Platform Market by Deployment Model
        8.4.1    On-Premises  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Cloud 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Governance, Risk, and Compliance Platform Market by Solution
        8.5.1    Audit Management    
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Risk Management 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Policy Management 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Compliance Management  
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Governance, Risk, and Compliance Platform Market by Component
        8.6.1    Software     
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Services 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Governance, Risk, and Compliance Platform Market by Service
        8.7.1    Integration  
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Consulting 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Support  
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
    8.8    Global Governance, Risk, and Compliance Platform Market by End Use
        8.8.1    Small Enterprise  
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Medium Enterprise 
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Large Enterprise   
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
    8.9    Global Governance, Risk, and Compliance Platform Market by Industry Vertical
        8.9.1    BFSI  
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2022)
            8.9.1.3    Forecast Trend (2023-2028)
        8.9.2    Construction and Engineering 
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2022)
            8.9.2.3    Forecast Trend (2023-2028)
        8.9.3    Energy and Utilities    
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2022)
            8.9.3.3    Forecast Trend (2023-2028)
        8.9.4    Government  
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2022)
            8.9.4.3    Forecast Trend (2023-2028)
        8.9.5    Healthcare 
            8.9.5.1    Market Share
            8.9.5.2    Historical Trend (2018-2022)
            8.9.5.3    Forecast Trend (2023-2028)
        8.9.6    Manufacturing 
            8.9.6.1    Market Share
            8.9.6.2    Historical Trend (2018-2022)
            8.9.6.3    Forecast Trend (2023-2028)
        8.9.7    Retail and Consumer Goods    
            8.9.7.1    Market Share
            8.9.7.2    Historical Trend (2018-2022)
            8.9.7.3    Forecast Trend (2023-2028)
        8.9.8    Telecom and IT  
            8.9.8.1    Market Share
            8.9.8.2    Historical Trend (2018-2022)
            8.9.8.3    Forecast Trend (2023-2028)
        8.9.9    Transportation and Logistics 
            8.9.9.1    Market Share
            8.9.9.2    Historical Trend (2018-2022)
            8.9.9.3    Forecast Trend (2023-2028)
        8.9.10    Others   
    8.10    Global Governance, Risk, and Compliance Platform Market by Region
        8.10.1    North America
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2018-2022)
            8.10.1.3    Forecast Trend (2023-2028)
        8.10.2    Europe
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2018-2022)
            8.10.2.3    Forecast Trend (2023-2028)
        8.10.3    Asia Pacific
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2018-2022)
            8.10.3.3    Forecast Trend (2023-2028)
        8.10.4    Latin America
            8.10.4.1    Market Share
            8.10.4.2    Historical Trend (2018-2022)
            8.10.4.3    Forecast Trend (2023-2028)
        8.10.5    Middle East and Africa
            8.10.5.1    Market Share
            8.10.5.2    Historical Trend (2018-2022)
            8.10.5.3    Forecast Trend (2023-2028)
9    North America Governance, Risk, and Compliance Platform Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Governance, Risk, and Compliance Platform Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Governance, Risk, and Compliance Platform Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Governance, Risk, and Compliance Platform Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and  Africa Governance, Risk, and Compliance Platform Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    SAS Institute Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    IBM
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    SAP America, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Microsoft
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Dell Technologies, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Oracle
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Governance, Risk, and Compliance Platform Market: Key Industry Highlights, 2018 and 2028
2.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Deployment Model (USD Billion), 2018-2022
3.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Deployment Model USD Billion), 2023-2028
4.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Solution (USD Billion), 2018-2022
5.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Solution (USD Billion), 2023-2028
6.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Component (USD Billion), 2018-2022
7.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Component USD Billion), 2023-2028
8.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Service (USD Billion), 2018-2022
9.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Service (USD Billion), 2023-2028
10.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by End Use (USD Billion), 2018-2022
11.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2022
13.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Industry Vertical (USD Billion), 2023-2028
14.    Global Governance, Risk, and Compliance Platform Historical Market: Breakup by Region (USD Billion), 2018-2022
15.    Global Governance, Risk, and Compliance Platform Market Forecast: Breakup by Region (USD Billion), 2023-2028
16.    North America Governance, Risk, and Compliance Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    North America Governance, Risk, and Compliance Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Europe Governance, Risk, and Compliance Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Europe Governance, Risk, and Compliance Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Asia Pacific Governance, Risk, and Compliance Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Asia Pacific Governance, Risk, and Compliance Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Latin America Governance, Risk, and Compliance Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
23.    Latin America Governance, Risk, and Compliance Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
24.    Middle East and Africa Governance, Risk, and Compliance Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
25.    Middle East and Africa Governance, Risk, and Compliance Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
26.    Global Governance, Risk, and Compliance Platform Market Structure

Key Questions Answered in the Report

The global governance, risk, and compliance platform market reached a value of USD 27.8 billion in 2020. 

The market is projected to grow at a CAGR of nearly 11.2% in the forecast period of 2023-2028.

The market is estimated to reach a value of about USD 52.6 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing digitisation, and the rising use by the companies.

The rise in the number of new organisations despite the prevailing corporate and government regulations is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

The major deployment models in the industry are on-premises and cloud.

The major solutions of the product can be divided into audit management, risk management, policy management, and compliance management, among others.

The major components of the product in the industry are software and services.

The leading services in the industry are integration, consulting, and support.

The significant end-use sectors in the industry are small, medium, and large enterprises.

The major industry verticals in the industry are BFSI, construction and engineering, energy and utilities, government, healthcare, manufacturing, retail and consumer goods, telecom and IT, and transportation and logistics, among others.

The leading players in the market are SAS Institute Inc., IBM, SAP America, Inc., Microsoft, Dell Technologies, Inc., and Oracle, among others.

Analyst Review

The global governance, risk, and compliance platform market attained a value of USD 27.8 billion in 2020, driven by the growth in the use by the companies. Aided by the growth in the number of new organizations despite the prevailing corporate and government regulations, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 11.2%. The industry is projected to reach USD 52.6 billion by 2026. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its deployment models, the global market for governance, risk, and compliance platform can be segmented into on-premises and cloud. By solutions, the industry can be segmented into audit management, risk management, policy management, and compliance management, among others. On the basis of end-use, the industry can be divided into small enterprise, medium enterprise, and large enterprise. The major regional markets for governance, risk, and compliance platform are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include SAS Institute Inc., IBM, SAP America, Inc., Microsoft, Dell Technologies, Inc., and Oracle, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER