Industry Background:
Governance risk management and compliance software (GRC Software) is an enterprise solution that manages IT-related operations requiring regulation and ensures compliance and risk standards. However, this type of software is more efficient to conduct internal audits. This GRC software is used to determine the risk associated with the use, ownership, operation, influence, and adoption of technology and IT solution within a company. Geographically 50%, North and South America is the leader in the global GRC platform market due to more adoption of technology used which is triggering the market share over the forecast period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | APSE (Germany), Metric Stream, Inc. (United States), Thomson Reuters (Canada), Wolters Kluwer (Netherland), IBM (United States), Microsoft (United States), Oracle (United States), SAS Institute SAS Institute, RSA Archer (United States), FIS Global (United States), Software AG (Germany) and Other |
This growth is primarily driven by Increasing volumes of digital data, the subsequent need for continuous monitoring and analysis to ensure data security and privacy protection and More Adoption of mobile payments, e-commerce and cloud computing industries.
Globally, a noticeable market trend is evident Big Data Is Expected To Largely Contribute To the Market As It Assists In the Analysis of Legislations, Form Processes and Regulations to Support EGRC Professionals Major Players, such as APSE (Germany), Metric Stream, Inc. (United States), Thomson Reuters (Canada), Wolters Kluwer (Netherland), IBM (United States), Microsoft (United States), Oracle (United States), SAS Institute SAS Institute, RSA Archer (United States), FIS Global (United States), Software AG (Germany) and Other, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Diligent Corporation has completed its acquisition with Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software. Diligent is now the world’s largest GRC SaaS Company with more than 1,500 employees and one million users. However, Combined Company will serve more than 23,000 clients across all industries and provide concierge-level support built on market-leading customer satisfaction scores
October 26, 2020, Metric Stream Launches New Innovations on M7 Integrated Risk Platform, Empowering Organizations to Accelerate Sustainable Growth with Risk-Aware Decisions. Metric Stream, the independent market leader in enterprise cloud applications for Governance, Risk, and Compliance (GRC). However, this innovation helps customers adopt simple, agile, and intelligent approaches to proactively address the changing workforce, risk, regulatory, and cybersecurity landscape.
Enterprise Governance, Risk And Compliance Software Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Increasing volumes of digital data, the subsequent need for continuous monitoring and analysis to ensure data security and privacy protection
- More Adoption of mobile payments, e-commerce and cloud computing industries
|
Influencing Trends | - Big Data Is Expected To Largely Contribute To the Market As It Assists In the Analysis of Legislations, Form Processes and Regulations to Support EGRC Professionals
|
Restraints | - Increased the Possibilities of Cyberattacks and Fraud
- Money Laundering Activities Also Pose A High Threat To Organizations As They May Face Operational, Reputational, And Compliance Risks.
|
Gaps & Opportunities | - Digitalization of Banking Operations Has Enabled Businesses to Simplify Their Operations
- IoT and Digitization of Business Processes Have Initiated the Rapid Growth
|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Enterprise Governance, Risk And Compliance Software Market
- Analysis about New Entrants in Enterprise Governance, Risk And Compliance Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Enterprise Governance, Risk And Compliance Software Study Sheds Light on
The Enterprise Governance, Risk And Compliance Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Enterprise Governance, Risk And Compliance Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enterprise Governance, Risk And Compliance Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.