Saudi Arabia Governance, Risk and Compliance Platform Market

Saudi Arabia Governance, Risk and Compliance Platform Market Size and Share: 

The Saudi Arabia governance, risk and compliance platform market size reached USD 442.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,234.3 Million by 2033, exhibiting a growth rate (CAGR) of 11.50% during 2025-2033. The market is driven by stringent regulatory mandates (e.g., PDPL, SAMA), Vision 2030’s digital transformation push, and rising cyber risks. Organizations are adopting AI-powered compliance automation and integrated risk management solutions to enhance efficiency, ensure data security, and meet changing governance requirements, expanding Saudi Arabia governance, risk and compliance platform market share.

Saudi Arabia Governance, Risk and Compliance Platform Market Trends:

Increasing Adoption of AI and Automation in GRC Platforms

The rise in the adoption of artificial intelligence (AI) and automation technologies is significantly supporting the Saudi Arabia governance, risk, and compliance (GRC) platform market growth. Organizations are leveraging AI-driven analytics to enhance risk assessment accuracy, detect compliance violations in real time, and automate regulatory reporting. This trend is driven by the Kingdom’s Vision 2030 initiative, which emphasizes digital transformation across sectors such as banking, healthcare, and energy. AI-powered GRC solutions help businesses streamline compliance with local regulations while reducing manual workloads. At LEAP 2025, Saudi Arabia announced a USD 1.78 Billion investment in artificial intelligence, data centers, and the nurturing of a digital workforce. This plan is significantly sponsored by well-known companies, including Equinix, DAMAC, and Microsoft. These initiatives provide solutions within the parameters of Vision 2030 by developing the Kingdom’s GRC platform ecosystem through fostering various aspects such as regulatory sandboxes and artificial intelligence (AI) literacy and encouraging the creation of deep tech startups. Over USD 700 Million has also been set aside for venture capital, showing growing growth within the industries of AI-powered compliance and digital risk management. Additionally, automation enables proactive risk management by identifying patterns and predicting potential threats. As regulatory requirements become more complex, Saudi enterprises are investing in smart GRC platforms to ensure agility and operational efficiency. The growing demand for predictive risk analytics and automated compliance tools is expected to further accelerate market growth in the coming years.

Growing Focus on Cybersecurity and Data Privacy Compliance

The increasing demand for solutions that address cybersecurity and data privacy risks, fueled by stringent regulations such as the Personal Data Protection Law (PDPL) is creating a positive Saudi Arabia governance, risk, and compliance (GRC) platform market outlook. With rising cyber threats and digitalization efforts, organizations are prioritizing GRC platforms that offer robust security controls, continuous monitoring, and compliance tracking. Saudi Arabia experienced over 180 major cyber incidents in 2023, while 47% of hacked data linked to domestic organizations was offered for sale on the dark web. Moreover, more than 50 million email threats and 34 million malware attacks were blocked. This data underlines the urgency for Cyber Resilience strategies and Governance, Risk and Compliance (GRC) platforms to protect national infrastructure and compliance with the regulatory framework. The Saudi Central Bank (SAMA) and National Cybersecurity Authority (NCA) have introduced strict guidelines, compelling businesses to adopt integrated GRC tools for threat detection and regulatory adherence. Furthermore, as cloud adoption grows, companies seek GRC solutions with advanced encryption and access management features to safeguard sensitive data. This trend is particularly prominent in financial services, telecom, and government sectors, where data breaches can have severe repercussions. The convergence of GRC and cybersecurity frameworks is reshaping the market, with vendors enhancing their offerings to meet changing regulatory and risk management needs in Saudi Arabia.

Saudi Arabia Governance, Risk and Compliance Platform Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on deployment model, solution, component, service, organization size, and industry vertical.

Deployment Model Insights:

• On-Premises
• Cloud

The report has provided a detailed breakup and analysis of the market based on the deployment model. This includes on-premises, and cloud.

Solution Insights:

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

A detailed breakup and analysis of the market based on the solution have also been provided in the report. This includes audit management, risk management, policy management, compliance management, and others.

Component Insights:

• Software
• Services

The report has provided a detailed breakup and analysis of the market based on the component. This includes software and services.

Service Insights:

• Integration
• Consulting
• Support

A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes integration, consulting, and support.

Organization Size Insights:

• Small Enterprise
• Medium Enterprise
• Large Enterprise

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small enterprise, medium enterprise, and large enterprise.

Industry Vertical Insights:

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

A detailed breakup and analysis of the market based on the industry vertical have also been provided in the report. This includes BFSI, construction and engineering, energy and utilities, government, healthcare, manufacturing, retail and consumer goods, telecom and IT, transportation and logistics, and others.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Governance, Risk and Compliance Platform Market News:

• October 21, 2024: KPMG, in collaboration with Microsoft and IBM, launched the AI-powered Risk Hub GRC platform in the UAE to help organizations enhance their compliance and risk management efforts with IBM OpenPages on Azure. This scalable solution offers real-time insights, making it a timely availability amid Saudi Arabia's drive to adopt intelligent GRC practices at a time of mounting regulatory complexities.

Saudi Arabia Governance, Risk and Compliance Platform Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia governance, risk and compliance platform market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of deployment model?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of solution?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of component?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of service?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of organization size?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of industry vertical?
• What is the breakup of the Saudi Arabia governance, risk and compliance platform market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia governance, risk and compliance platform market? 
• What are the key driving factors and challenges in the Saudi Arabia governance, risk and compliance platform market?
• What is the structure of the Saudi Arabia governance, risk and compliance platform market and who are the key players?
• What is the degree of competition in the Saudi Arabia governance, risk and compliance platform market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia governance, risk and compliance platform market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia governance, risk and compliance platform market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia governance, risk and compliance platform industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.