United States Governance, Risk and Compliance Platform Market Report by Deployment Model (On-Premises, Cloud), Solution (Audit Management, Risk Management, Policy Management, Compliance Management, and Others), Component (Software, Services), Service (Integration, Consulting, Support), End User (Small Enterprise, Medium Enterprise, Large Enterprise), Vertical (BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail and Consumer Goods, Telecom and IT, Transportation and Logistics, and Others), and Region 2024-2032

United States Governance, Risk and Compliance Platform Market Report by Deployment Model (On-Premises, Cloud), Solution (Audit Management, Risk Management, Policy Management, Compliance Management, and Others), Component (Software, Services), Service (Integration, Consulting, Support), End User (Small Enterprise, Medium Enterprise, Large Enterprise), Vertical (BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail and Consumer Goods, Telecom and IT, Transportation and Logistics, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2654
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Market Overview:

The United States governance, risk and compliance platform market size reached US$ 22.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.1% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 22.6 Billion
Market Forecast in 2032
US$ 50.1 Billion
Market Growth Rate (2024-2032) 9.1%


Governance, risk and compliance (GRC) refer to a platform that facilitates a company to coordinate strategy and manage its corporate governance, enterprise risk management (ERM), and corporate compliance regarding regulatory requirements. It provides better decision making, accurate IT investments, exclusion of silos, and reduced fragmentation in various departments. GRC can be established through an on-premises solution and cloud-based services, which offer various solutions like audit, risk, and compliance management for small companies as well as international companies.

The United States GRC market is primarily driven by the extensive use of GRC solutions in various enterprises to facilitate performance enhancement measures. Several financial service providers across the country are adopting integrated data platforms that streamline their internal and external data sources and assist in collecting useful insights on customers. They are also using GRC platforms to handle risks related to credit cards and fraud detection. Moreover, with the global outbreak of the coronavirus disease (COVID-19), the working patterns of the corporate sector have been affected due to which most of the organizations across the country are opting for remote working policies. This has led to the widespread utilization of GRC solutions by businesses, as these solutions can offer a detailed understanding of the prevailing market scenarios to assist organizations in achieving a strong market position and taking calculated risks.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States governance, risk and compliance platform market report, along with forecasts at the country level from 2024-2032. Our report has categorized the market based on deployment model, solution, component, service, end user, and vertical.

Breakup by Deployment Model:

  • On-Premises
  • Cloud
     

Breakup by Solution:

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

Breakup by Component:

  • Software
  • Services
     

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 Region:

  • Northeast
  • Midwest
  • South
  • West
     

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, Region
Region Covered Northeast, Midwest, South, West
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

The United States governance, risk and compliance platform market was valued at US$ 22.6 Billion in 2023.

We expect the United States governance, risk and compliance platform market to exhibit a CAGR of 9.1% during 2024-2032.

The rising deployment of governance, risk and compliance platform as it provides better decision making, accurate IT investments, exclusion of silos, reduced fragmentation in various departments, etc., is primarily driving the United States governance, risk and compliance platform market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of governance, risk and compliance platforms across numerous organizations to reduce complexities for supervisors, during the remote working scenario.

Based on the deployment model, the United States governance, risk and compliance platform market has been categorized into on-premises and cloud. Currently, cloud holds the largest market share.

Based on the end user, the United States governance, risk and compliance platform market can be bifurcated into small enterprise, medium enterprise, and large enterprise. Among these, large enterprise currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into Northeast, Midwest, South, and West.

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United States Governance, Risk and Compliance Platform Market Report by Deployment Model (On-Premises, Cloud), Solution (Audit Management, Risk Management, Policy Management, Compliance Management, and Others), Component (Software, Services), Service (Integration, Consulting, Support), End User (Small Enterprise, Medium Enterprise, Large Enterprise), Vertical (BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail and Consumer Goods, Telecom and IT, Transportation and Logistics, and Others), and Region 2024-2032
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