Select Language
According to the recent report by IMARC Group, titled “Governance, Risk and Compliance Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global governance, risk and compliance platform market size reached US$ 35.2 Billion in 2021. Governance, risk and compliance (GRC) platforms are used by an organization for managing issues related to corporate governance, enterprise risk management (ERM), and complete compliance with regulatory requirements. They assist in identifying and rectifying the risks that can cause interference with an organization’s operations. They aid in reducing fragmentation, increasing optimal investments, and improving the decision-making process in different departments. Besides this, GRC platforms can minimize complexity for managers, identify operational inefficiencies, automate paperwork, and eliminate costs of multiple installations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Governance, Risk and Compliance Platform Market Trends:
GRC platforms help in identifying any issue before its occurrence and integrating risk management. Due to this, several companies are now adopting compliance and risk management solutions to tackle the reputational and monetary risk of non-compliance. This, coupled with a rise in the number of new organizations, is stimulating the growth of the market. Moreover, rapid commercialization has led to the introduction of policies for fair trade practices by several governments. These regulations have led to the advent of enterprise governance, risk and compliance (EGRC), which addresses the complexity of stringent policies, which, in turn, is stimulating the market growth. In addition to this, there has been a surge in the volume of digital data, which has spurred the demand for continuous analysis to ensure the privacy and security of the data. On account of these factors, the market is expected to grow at a CAGR of 11.7% during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com