Market Overview:
The Asia Pacific governance, risk and compliance platform market size reached US$ 8.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.74% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 8.3 Billion |
Market Forecast in 2032
|
US$ 21.5 Billion |
Market Growth Rate (2024-2032) |
10.74% |
Governance, risk, and compliance (GRC) is a platform that coordinates strategy for various organizations to manage corporate governance, enterprise risk management (ERM), and corporate compliance regarding regulatory requirements. The platform provides effective, ethical management of companies by its executives and managers. GRC also offers full information and defines the company’s ability to effectively and cost-efficiently mitigate risks that hinder operations in the competitive market.
The Asia Pacific GRC market is primarily driven by increasing competition in the business environment. GRC platforms provide a competitive advantage to organizations in order to survive in this competition. They also help in closely monitoring the performance and review the policy of the organizations. The market is further bolstered by the high demand for a risk management solution that addresses enterprise-wide risks. This can be attributed to the proactive involvement of government agencies across various countries, like Australia, New Zealand, Japan, China, and India, in the adoption of GRC solutions. The platform assists in mitigating the complexity of complying with new or updated regulatory policies without obstructing regular business operations. Moreover, the rapid outbreak of the coronavirus disease (COVID-19) has prompted organizations to opt for GRC solutions as these platforms help enhance operational activities and achieving the targets by automating the workflow.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific governance, risk and compliance platform market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on deployment model, solution, component, service, end user and vertical.
Breakup by Deployment Model:
Breakup by Solution:
- Audit Management
- Risk Management
- Policy Management
- Compliance Management
- Others
Breakup by Component:
Breakup by Service:
- Integration
- Consulting
- Support
Breakup by End User:
- Small Enterprise
- Medium Enterprise
- Large Enterprise
Breakup by Vertical:
- BFSI
- Construction and Engineering
- Energy and Utilities
- Government
- Healthcare
- Manufacturing
- Retail and Consumer Goods
- Telecom and IT
- Transportation and Logistics
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Deployment Model, Solution, Component, Service, End User, Vertical, Country |
Countries Covered |
China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Asia Pacific governance, risk and compliance platform market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific governance, risk and compliance platform market?
- What are the key regional markets?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific governance, risk and compliance platform market and who are the key players?
- What is the degree of competition in the industry?