The global governance, risk and compliance platform market was worth US$ 28.2 Billion in 2019. Governance, risk and compliance (GRC) refer to the collection of capabilities that are utilized for tackling the broad issues of an organization’s governance, enterprise risk management and compliance with regulations. GRC platforms aid in identifying, assessing and managing risks that have the potential to interfere with an organization's operations and objectives. Their employment in a workspace improves the decision-making process, increases optimal investments, and minimizes fragmentation among various divisions and departments. They are also utilized to coordinate the involvement of people, processes and technologies in a corporation to reduce the complexity for supervisors and effectively manage costs
Global Governance, Risk and Compliance Platform Market Drivers:
The global market is primarily driven by the growing requirement for enhancing operational activities in a workspace. There has been an increase in the number of organizations, which follow the prevailing corporate regulations and adopt GRC solutions to streamline business processes, centralize various programs and efficiently achieve their overall targets. Along with this, there has been a considerable increase in the volumes of digital data that requires effective analysis and monitoring to safeguard sensitive information. Consequently, cloud-based GRC solutions are increasingly being utilized across numerous workspaces for effectively managing data from across several databases, email systems, and data warehouses. Moreover, the growing incidences of government intervention on corporate functions for ensuring fair trade practices are catalyzing the demand for enterprise GRC (EGRC) platforms. They assist in mitigating the complexity of complying with new or updated regulatory policies without obstructing regular business operations. Furthermore, the global outbreak of COVID-19 has affected the working patterns of the corporate sector, with the majority of the organizations opting for remote working policies. This has propelled the widespread utilization of GRC solutions by businesses, which is expected to offer a detailed understanding of the prevailing market scenarios that can assist them in taking calculated risks and achieving a strong market position. On account of the aforementioned factors, the global governance, risk and compliance platform market is anticipated to witness moderate growth during 2020-2025.
Breakup by Deploying Models:
Currently, the on-premises deployment model represents the dominant segment.
Breakup by Solutions:
- Audit Management
- Risk Management
- Policy Management
- Compliance Management
- Others
Breakup by Components:
Breakup by Services:
- Integration
- Consulting
- Support
Breakup by End User:
- 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
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Amongst these, North America holds the leading position in the market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include 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, and BWise BV.
Key Questions Answered in This Report:
- How has the global governance risk and compliance platform market performed so far and how will it perform in the coming years?
- What are the key regional markets in the industry?
- What has been the impact of COVID-19 on the global governance risk and compliance platform market?
- What is the breakup of the market on the basis of the deployment model?
- What is the breakup of the market on the basis of the solution?
- What is the breakup of the market on the basis of the component?
- What is the breakup of the market on the basis of the service?
- What is the breakup of the market on the basis of the end-user?
- What is the breakup of the market on the basis of the industry vertical?
- What are the various stages in the value chain of the market?
- What are the key driving factors and challenges in the market?
- What is the structure of the market and who are the key players?
- What is the degree of competition in the market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Governance Risk and Compliance Platform Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Deployment Model
5.5 Market Breakup by Solution
5.6 Market Breakup by Component
5.7 Market Breakup by Service
5.8 Market Breakup by End-User
5.9 Market Breakup by Industry Vertical
5.10 Market Breakup by Region
5.11 Market Forecast
6 Market Breakup by Deployment Model
6.1 On-Premises
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cloud
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Solution
7.1 Audit Management
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Risk Management
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Policy Management
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Compliance Management
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Component
8.1 Software
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Services
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Service
9.1 Integration
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Consulting
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Support
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End-User
10.1 Small Enterprise
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Medium Enterprise
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Large Enterprise
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Industry Vertical
11.1 BFSI
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Construction and Engineering
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Energy and Utilities
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Government
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Healthcare
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 Manufacturing
11.6.1 Market Trends
11.6.2 Market Forecast
11.7 Retail and Consumer Goods
11.7.1 Market Trends
11.7.2 Market Forecast
11.8 Telecom and IT
11.8.1 Market Trends
11.8.2 Market Forecast
11.9 Transportation and Logistics
11.9.1 Market Trends
11.9.2 Market Forecast
11.10 Others
11.10.1 Market Trends
11.10.2 Market Forecast
12 Market Breakup by Region
12.1 North America
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Europe
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Asia Pacific
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Middle East and Africa
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Latin America
12.5.1 Market Trends
12.5.2 Market Forecast
13 Global Governance Risk and Compliance Platform Industry: SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats
14 Global Governance Risk and Compliance Platform Industry: Value Chain Analysis
15 Global Governance Risk and Compliance Platform Industry: Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes
16 Global Governance Risk and Compliance Platform Industry: Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 SAS Institute Inc.
17.3.2 IBM Corp
17.3.3 SAP SE
17.3.4 EMC Corporation
17.3.5 Microsoft Corporation
17.3.6 Fidelity National Information Services Inc.
17.3.7 Oracle Corporation
17.3.8 Thomson Reuters Corporation
17.3.9 Newport Consulting Group, Llc
17.3.10 BWise BV
List of Figures
Figure 1: Global: Governance Risk and Compliance Platform Market: Major Drivers and Challenges
Figure 2: Global: Governance Risk and Compliance Platform Market: Sales Value (in US$ Billion), 2014-2019
Figure 3: Global: Governance Risk and Compliance Platform Market: Breakup by Deployment Model (in %), 2019
Figure 4: Global: Governance Risk and Compliance Platform Market: Breakup by Solution (in %), 2019
Figure 5: Global: Governance Risk and Compliance Platform Market: Breakup by Component (in %), 2019
Figure 6: Global: Governance Risk and Compliance Platform Market: Breakup by Service (in %), 2019
Figure 7: Global: Governance Risk and Compliance Platform Market: Breakup by End-User (in %), 2019
Figure 8: Global: Governance Risk and Compliance Platform Market: Breakup by Industry Vertical (in %), 2019
Figure 9: Global: Governance Risk and Compliance Platform Market: Breakup by Region (in %), 2019
Figure 10: Global: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Billion), 2020-2025
Figure 11: Global: Governance Risk and Compliance Platform Industry: SWOT Analysis
Figure 12: Global: Governance Risk and Compliance Platform Industry: Value Chain Analysis
Figure 13: Global: Governance Risk and Compliance Platform Industry: Porter’s Five Forces Analysis
Figure 14: Global: Governance Risk and Compliance Platform (On-Premises) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 15: Global: Governance Risk and Compliance Platform (On-Premises) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 16: Global: Governance Risk and Compliance Platform (Cloud) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 17: Global: Governance Risk and Compliance Platform (Cloud) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 18: Global: Governance Risk and Compliance Platform (Audit Management) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 19: Global: Governance Risk and Compliance Platform (Audit Management) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 20: Global: Governance Risk and Compliance Platform (Risk Management) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 21: Global: Governance Risk and Compliance Platform (Risk Management) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 22: Global: Governance Risk and Compliance Platform (Policy Management) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 23: Global: Governance Risk and Compliance Platform (Policy Management) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 24: Global: Governance Risk and Compliance Platform (Compliance Management) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 25: Global: Governance Risk and Compliance Platform (Compliance Management) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 26: Global: Governance Risk and Compliance Platform (Others) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 27: Global: Governance Risk and Compliance Platform (Others) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 28: Global: Governance Risk and Compliance Platform (Software) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 29: Global: Governance Risk and Compliance Platform (Software) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 30: Global: Governance Risk and Compliance Platform (Services) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 31: Global: Governance Risk and Compliance Platform (Services) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 32: Global: Governance Risk and Compliance Platform (Integration) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 33: Global: Governance Risk and Compliance Platform (Integration) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 34: Global: Governance Risk and Compliance Platform (Consulting) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 35: Global: Governance Risk and Compliance Platform (Consulting) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 36: Global: Governance Risk and Compliance Platform (Support) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 37: Global: Governance Risk and Compliance Platform (Support) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 38: Global: Governance Risk and Compliance Platform (Small Enterprise) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 39: Global: Governance Risk and Compliance Platform (Small Enterprise) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 40: Global: Governance Risk and Compliance Platform (Medium Enterprise) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 41: Global: Governance Risk and Compliance Platform (Medium Enterprise) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 42: Global: Governance Risk and Compliance Platform (Large Enterprise) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 43: Global: Governance Risk and Compliance Platform (Large Enterprise) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 44: Global: Governance Risk and Compliance Platform (BFSI) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 45: Global: Governance Risk and Compliance Platform (BFSI) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 46: Global: Governance Risk and Compliance Platform (Construction and Engineering) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 47: Global: Governance Risk and Compliance Platform (Construction and Engineering) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 48: Global: Governance Risk and Compliance Platform (Energy and Utilities) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 49: Global: Governance Risk and Compliance Platform (Energy and Utilities) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 50: Global: Governance Risk and Compliance Platform (Government) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 51: Global: Governance Risk and Compliance Platform (Government) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 52: Global: Governance Risk and Compliance Platform (Healthcare) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 53: Global: Governance Risk and Compliance Platform (Healthcare) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 54: Global: Governance Risk and Compliance Platform (Manufacturing) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 55: Global: Governance Risk and Compliance Platform (Manufacturing) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 56: Global: Governance Risk and Compliance Platform (Retail and Consumer Goods) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 57: Global: Governance Risk and Compliance Platform (Retail and Consumer Goods) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 58: Global: Governance Risk and Compliance Platform (Telecom and IT) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 59: Global: Governance Risk and Compliance Platform (Telecom and IT) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 60: Global: Governance Risk and Compliance Platform (Transportation and Logistics) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 61: Global: Governance Risk and Compliance Platform (Transportation and Logistics) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 62: Global: Governance Risk and Compliance Platform (Other Industry Verticals) Market: Sales Value (in US$ Million), 2014 & 2019
Figure 63: Global: Governance Risk and Compliance Platform (Other Industry Verticals) Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 64: North America: Governance Risk and Compliance Platform Market: Sales Value (in US$ Million), 2014 & 2019
Figure 65: North America: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 66: Europe: Governance Risk and Compliance Platform Market: Sales Value (in US$ Million), 2014 & 2019
Figure 67: Europe: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 68: Asia Pacific: Governance Risk and Compliance Platform Market: Sales Value (in US$ Million), 2014 & 2019
Figure 69: Asia Pacific: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 70: Middle East and Africa: Governance Risk and Compliance Platform Market: Sales Value (in US$ Million), 2014 & 2019
Figure 71: Middle East and Africa: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Million), 2020-2025
Figure 72: Latin America: Governance Risk and Compliance Platform Market: Sales Value (in US$ Million), 2014 & 2019
Figure 73: Latin America: Governance Risk and Compliance Platform Market Forecast: Sales Value (in US$ Million), 2020-2025
List of Tables
Table 1: Global: Governance Risk and Compliance Platform Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Deployment Model (in US$ Million), 2020-2025
Table 3: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Solution (in US$ Million), 2020-2025
Table 4: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Component (in US$ Million), 2020-2025
Table 5: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Service (in US$ Million), 2020-2025
Table 6: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by End-User (in US$ Million), 2020-2025
Table 7: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Industry Vertical (in US$ Million), 2020-2025
Table 8: Global: Governance Risk and Compliance Platform Market Forecast: Breakup by Region (in US$ Million), 2020-2025
Table 9: Global: Governance Risk and Compliance Platform Market Structure
Table 10: Global: Governance Risk and Compliance Platform Market: Key Players