United States Governance, Risk and Compliance Platform Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Governance, Risk and Compliance Platform Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A2654
Buy Now

Market Overview:

The United States governance, risk and compliance platform market size reached US$ 20.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

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 and regional level from 2023-2028. 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 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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$ 20.3 Billion in 2022.

We expect the United States governance, risk and compliance platform market to exhibit a CAGR of 11.2% during 2023-2028.

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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
United States Governance, Risk and Compliance Platform Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More