Governance Risk and Compliance (GRC) Platform Market to grow at a CAGR of 11.8% from 2022 to 2027. Quick and easy deployment of GRC policies will drive market growth -Technavio

NEW YORK, June 28, 2023 /PRNewswire/ -- The governance risk and compliance (GRC) platform market is estimated to grow at a CAGR of 11.8% between 2022 and 2027. The size of the market is forecast to increase by USD 28,294.42 million, according to Technavio. Download a Sample Report!

Governance Risk and Compliance Platform Market Insights -

• Vendors: 15+, Including ACL Services Ltd. dba Galvanize, Check Point Software Technologies Ltd., Corporater AS, Fidelity National Information Services Inc., International Business Machines Corp., LogicManager Inc., Mega International SA, MetricStream Inc., Microsoft Corp., Mitratech Holdings Inc., NAVEX Global Inc., OneTrust LLC, Oracle Corp., Robert Half International Inc., SAI Global Pty. Ltd., SAP SE, SAS Institute Inc., Software AG, Wolters Kluwer NV, and Thomson Reuters Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Deployment (on-premises and cloud-based), Component (software and services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

To understand more about the governance risk and compliance platform market, request a sample report

Global Governance Risk and compliance platform market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including ACL Services Ltd. dba Galvanize, Check Point Software Technologies Ltd., Corporater AS, Fidelity National Information Services Inc., International Business Machines Corp., LogicManager Inc., Mega International SA, MetricStream Inc., Microsoft Corp., Mitratech Holdings Inc., NAVEX Global Inc., OneTrust LLC, Oracle Corp., Robert Half International Inc., SAI Global Pty. Ltd., SAP SE, SAS Institute Inc., Software AG, Wolters Kluwer NV, and Thomson Reuters Corp., among others

Governance Risk and Compliance Platform Market – Market Dynamics

Key Drivers

• Quick and easy deployment of GRC policies is the key factor driving Governance Risk and Compliance Platform Market growth.
• The GRC policies include business and legal regulations that are responsible for regulating the use of sensitive information.
• The policies are continuously changing due to evolving corporate needs, governmental regulations, and rising expenses.
• Furthermore, the organization policies are deployed very quickly across all applications and systems with the help of cloud-based GRC solutions.
• These modifications in the policies are handled within an organization at a lower cost and without interfering with normal business operations.
• Hence, these factors are expected to drive the GRC platform market growth during the forecast period.

Major Trends

• The emergence of social media governance is a major trend shaping the Governance Risk and Compliance Platform Market.
• Customers, staff members, and partners use the social media platform to communicate with the businesses.
• Social media content has been included in its policy definition and enforcement by various organizations for effective management processes.
• Furthermore, the suppliers provide organizations with automation for the collection of data which helps them in the implementation, configuration, and monitoring of tools used on social media platforms.
• Many companies are digitizing their operations to remain competitive in the market.
• Hence, these trends are driving the market growth during the forecast period.

Significant challenges

• System integration issues for cloud-based and on-premises GRC solutions are the major challenges restricting the growth of the Governance Risk and Compliance Platform Market.
• The problem of legacy system compatibility while switching to cloud-based GRC is a major problem in the operations.
• The decision-making process for GRC solutions and services is influenced by various compatibility issues that result from firms sticking to different standards and time-consuming transition processes.
• In addition, some other challenges such as data redundancy, backup procedures, compliance controls, and localization in relation to the cloud are hampering the growth.
• Hence, the above-mentioned factors are expected to restrict the growth of the GRC platform market during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

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What are the key data covered in this Governance Risk and Compliance Platform Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the governance risk and compliance platform market between 2023 and 2027.
• Precise estimation of the size of the governance risk and compliance platform market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the governance risk and compliance platform market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of governance risk and compliance platform market vendors

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Table of Content

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global governance risk and compliance platform market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global governance risk and compliance platform market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.4 Cloud-based - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by Component

• 7.1 Market segments
• Exhibit 43: Chart on Component - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 45: Chart on Comparison by Component
• Exhibit 46: Data Table on Comparison by Component

• 7.3 Software - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.4 Services - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 55: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 ACL Services Ltd. dba Galvanize 
• Exhibit 108: ACL Services Ltd. dba Galvanize - Overview
• Exhibit 109: ACL Services Ltd. dba Galvanize - Product / Service
• Exhibit 110: ACL Services Ltd. dba Galvanize - Key offerings

• 12.4 Check Point Software Technologies Ltd. 
• Exhibit 111: Check Point Software Technologies Ltd. - Overview
• Exhibit 112: Check Point Software Technologies Ltd. - Product / Service
• Exhibit 113: Check Point Software Technologies Ltd. - Key offerings

• 12.5 Corporater AS
• Exhibit 114: Corporater AS - Overview
• Exhibit 115: Corporater AS - Product / Service
• Exhibit 116: Corporater AS - Key offerings

• 12.6 Fidelity National Information Services Inc. 
• Exhibit 117: Fidelity National Information Services Inc. - Overview
• Exhibit 118: Fidelity National Information Services Inc. - Business segments
• Exhibit 119: Fidelity National Information Services Inc. - Key news
• Exhibit 120: Fidelity National Information Services Inc. - Key offerings
• Exhibit 121: Fidelity National Information Services Inc. - Segment focus

• 12.7 International Business Machines Corp. 
• Exhibit 122: International Business Machines Corp. - Overview
• Exhibit 123: International Business Machines Corp. - Business segments
• Exhibit 124: International Business Machines Corp. - Key offerings
• Exhibit 125: International Business Machines Corp. - Segment focus

• 12.8 LogicManager Inc.
• Exhibit 126: LogicManager Inc. - Overview
• Exhibit 127: LogicManager Inc. - Product / Service
• Exhibit 128: LogicManager Inc. - Key offerings

• 12.9 Microsoft Corp.
• Exhibit 129: Microsoft Corp. - Overview
• Exhibit 130: Microsoft Corp. - Business segments
• Exhibit 131: Microsoft Corp. - Key news
• Exhibit 132: Microsoft Corp. - Key offerings
• Exhibit 133: Microsoft Corp. - Segment focus

• 12.10 Mitratech Holdings Inc. 
• Exhibit 134: Mitratech Holdings Inc. - Overview
• Exhibit 135: Mitratech Holdings Inc. - Product / Service
• Exhibit 136: Mitratech Holdings Inc. - Key offerings

• 12.11 NAVEX Global Inc.
• Exhibit 137: NAVEX Global Inc. - Overview
• Exhibit 138: NAVEX Global Inc. - Product / Service
• Exhibit 139: NAVEX Global Inc. - Key offerings

• 12.12 Oracle Corp.
• Exhibit 140: Oracle Corp. - Overview
• Exhibit 141: Oracle Corp. - Business segments
• Exhibit 142: Oracle Corp. - Key news
• Exhibit 143: Oracle Corp. - Key offerings
• Exhibit 144: Oracle Corp. - Segment focus

• 12.13 SAI Global Pty. Ltd.
• Exhibit 145: SAI Global Pty. Ltd. - Overview
• Exhibit 146: SAI Global Pty. Ltd. - Product / Service
• Exhibit 147: SAI Global Pty. Ltd. - Key offerings

• 12.14 SAP SE
• Exhibit 148: SAP SE - Overview
• Exhibit 149: SAP SE - Business segments
• Exhibit 150: SAP SE - Key news
• Exhibit 151: SAP SE - Key offerings
• Exhibit 152: SAP SE - Segment focus

• 12.15 SAS Institute Inc.
• Exhibit 153: SAS Institute Inc. - Overview
• Exhibit 154: SAS Institute Inc. - Product / Service
• Exhibit 155: SAS Institute Inc. - Key news
• Exhibit 156: SAS Institute Inc. - Key offerings

• 12.16 Thomson Reuters Corp. 
• Exhibit 157: Thomson Reuters Corp. - Overview
• Exhibit 158: Thomson Reuters Corp. - Business segments
• Exhibit 159: Thomson Reuters Corp. - Key offerings
• Exhibit 160: Thomson Reuters Corp. - Segment focus

• 12.17 Wolters Kluwer NV
• Exhibit 161: Wolters Kluwer NV - Overview
• Exhibit 162: Wolters Kluwer NV - Business segments
• Exhibit 163: Wolters Kluwer NV - Key offerings
• Exhibit 164: Wolters Kluwer NV - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations
• Exhibit 171: List of abbreviations

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