PUBLISHER: QKS Group | PRODUCT CODE: 1669195
PUBLISHER: QKS Group | PRODUCT CODE: 1669195
Market Share and Forecast: Governance Risk and Compliance Platforms, 2023-2028, Worldwide (Bundle of Two Reports)
This product includes two reports: Market Share and Market Forecast.
Market Share Description:
QKS Group Revealed that the Governance, Risk, and Compliance Platforms Market is projected to register a CAGR of 14.40% by 2028.
Governance, risk management, and compliance (GRC) solution enables organizations to effectively create, coordinate, control and manage the GRC framework and ensures that it meets the business goals and objectives. Modern GRC software platforms offer a robust, flexible, and scalable architecture, enabling customers to implement solutions quickly based on their unique needs and business requirements. Most organizations followed a conventional siloed approach to managing the GRC program and used several tools to cater to the needs of different departments. However, the GRC market landscape is changing; users are increasingly looking for integrated solutions in a single framework to monitor and manage risks, reduce costs, and minimize complexities.
The global GRC market is highly fragmented between vendors offering integrated GRC solutions and vendors specializing in domain-specific point solutions that cover specific applications for risk management and compliance management activities. However, driven by the growing challenges in collaborating vast data across departments due to disparate systems, users find greater value in adopting an integrated GRC platform. Integrated GRC platforms benefit organizations with improved transparency, corporate accountability, comprehensive risk visibility, and improved financial & operational efficiencies.
Organizations around the globe are in varying stages when it comes to their strategies and approaches toward GRC. With the increased maturity of the GRC solutions, progressive changes in the GRC frameworks, processes, and technologies has taken place. Organizations are actively working on maturing their own GRC capabilities for streamlining the GRC process, data sharing, and building a robust system for cybersecurity. In the coming years, the GRC industry will likely witness a major shift towards integrated GRC that deeply aligns with organizational business needs, objectives, and strategies.
Technology transformation has also played a significant role in shaping the GRC landscape. Due to technological advancement, several GRC vendors have gradually started integrating Artificial Intelligence (AI), Machine Learning (ML), Predictive Analytics, Natural Language Processing (NLP), and Robotic Process Automation (RPA) in their GRC solutions. Though there are still gaps in harnessing the full potential of these technologies, research & developments are continuously optimizing the output
Quadrant Knowledge Solutions defines "A software solution that helps organizations manage and monitor their governance, risk management, and compliance activities in a cohesive and integrated manner. It provides tools and functionalities to streamline processes, assess and mitigate risks, ensure compliance with regulations and standards, and improve overall governance practices. It enables a strategic approach to achieving business objectives while navigating the complexities of the business environment. GRC platforms typically offer modules for risk management, compliance management, policy management, audit management, and other related areas, providing a centralized platform for managing all aspects of GRC activities within an organization."
Market Forecast Description:
QKS Group Revealed that the Governance, Risk, and Compliance Platforms Market is projected to register a CAGR of 14.40% by 2028.
Governance, Risk, and Compliance (GRC) is an integrated approach that organizations employ to manage and align their business activities with various regulations, standards, and internal policies. Each component plays a specific role in ensuring the organization's overall well-being and legal compliance. It ensures that an organization operates within legal and ethical boundaries, manages risks effectively, and aligns its operations with its objectives and stakeholder expectations. This integrated approach helps organizations identify, assess, and mitigate risks, while ensuring compliance with laws and regulations, ultimately contributing to a more secure and ethically sound business environment.
TABLE OF CONTENTS
Market Share:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Share Analysis- Worldwide
- Global GRC Market Share Analysis
Chapter 04: Market Share Analysis
- Market Share by Region
- Market Share Worldwide
- Market Share USA
- Market Share Canada
- Market Share Latin America
- Market Share Western Europe
- Market Share Central & Eastern Europe
- Market Share Middle East & Africa
- Market Share China
- Market Share APAC Ex Japan & China
- Market Share Japan
- Market Share by Industry Verticals
- Market Share by Media & Entertainment
- Market Share by Retail
- Market Share by BFSI
- Market Share by Travel & Hospitality
- Market Share by Education
- Market Share by Public Sector
- Market Share by Healthcare & Life Science
- Market Share by Automotive
- Market Share by Food & Beverage
- Market Share by Deployment Type
- Market Share by Deployment Type: On-prem
- Market Share by Deployment Type: Cloud
- Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 05: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 06: Appendix
- Research Methodologies
Market Forecast:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Forecast Analysis
- Market Forecast by Region
- Market Forecast Global
- Market Forecast USA
- Market Forecast Canada
- Market Forecast Latin America
- Market Forecast Western Europe
- Market Forecast Central & Eastern Europe
- Market Forecast Middle East & Africa
- Market Forecast China
- Market Forecast APAC Ex Japan & China
- Market Forecast Japan
- Market Forecast by Industry Verticals
- Market Forecast by Media & Entertainment
- Market Forecast by Retail
- Market Forecast by BFSI
- Market Forecast by Travel & Hospitality
- Market Forecast by Education
- Market Forecast by Public Sector
- Market Forecast by Healthcare & Life Science
- Market Forecast by Automotive
- Market Forecast by Food & Beverage
- Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On-prem
- Market Forecast Deployment Type: Cloud
- Market Forecast by Customer Type
- Market Forecast by SMB
- Market Forecast by Large
- Market Forecast by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
LIST OF FIGURES
Market Share:
- Fig. 1 Market Share of Governance, Risk, and Compliance Platforms Worldwide, 2023
- Fig. 2 Market Share of Governance, Risk, and Compliance Platforms USA, 2023
- Fig. 3 Market Share of Governance, Risk, and Compliance Platforms Canada, 2023
- Fig. 4 Market Share of Governance, Risk, and Compliance Platforms Latin America, 2023
- Fig. 5 Market Share of Governance, Risk, and Compliance Platforms Western Europe, 2023
- Fig. 6 Market Share of Governance, Risk, and Compliance Platforms Central & Eastern Europe, 2023
- Fig. 7 Market Share of Governance, Risk, and Compliance Platforms Middle East & Africa, 2023
- Fig. 8 Market Share of Governance, Risk, and Compliance Platforms Asia excluding Japan and China, 2023
- Fig. 9 Market Share of Governance, Risk, and Compliance Platforms Japan, 2023
- Fig. 10 Market Share of Governance, Risk, and Compliance Platforms China, 2023
- Fig. 11 Market Share of Governance, Risk, and Compliance Platforms IT & Telecom Industry, 2023
- Fig. 12 Market Share of Governance, Risk, and Compliance Platforms Banking & Financial Services Industry, 2023
- Fig. 13 Market Share of Governance, Risk, and Compliance Platforms Insurance Industry, 2023
- Fig. 14 Market Share of Governance, Risk, and Compliance Platforms Healthcare Industry, 2023
- Fig. 15 Market Share of Governance, Risk, and Compliance Platforms Government & Public Sector, 2023
- Fig. 16 Market Share of Governance, Risk, and Compliance Platforms Retail & eCommerce, 2023
- Fig. 17 Market Share of Governance, Risk, and Compliance Platforms Manufacturing, 2023
- Fig. 18 Market Share of Governance, Risk, and Compliance Platforms Hospitality, 2023
- Fig. 19 Market Share of Governance, Risk, and Compliance Platforms On-premises Deployment, 2023
- Fig. 20 Market Share of Governance, Risk, and Compliance Platforms Cloud Deployment, 2023
- Fig. 21 Market Share of Governance, Risk, and Compliance Platforms SMB Customers, 2023
- Fig. 22 Market Share of Governance, Risk, and Compliance Platforms Large Customers, 2023
- Fig. 23 Market Share of Governance, Risk, and Compliance Platforms Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Governance, Risk, and Compliance Platforms Worldwide, 2024-2028
- Fig. 2 Market Forecast of Governance, Risk, and Compliance Platforms USA, 2024-2028
- Fig. 3 Market Forecast of Governance, Risk, and Compliance Platforms Canada, 2024-2028
- Fig. 4 Market Forecast of Governance, Risk, and Compliance Platforms Latin America, 2024-2028
- Fig. 5 Market Forecast of Governance, Risk, and Compliance Platforms Western Europe, 2024-2028
- Fig. 6 Market Forecast of Governance, Risk, and Compliance Platforms Central & Eastern Europe, 2024-2028
- Fig. 7 Market Forecast of Governance, Risk, and Compliance Platforms Middle East & Africa, 2024-2028
- Fig. 8 Market Forecast of Governance, Risk, and Compliance Platforms Asia excluding Japan and China, 2024-2028
- Fig. 9 Market Forecast of Governance, Risk, and Compliance Platforms Japan, 2024-2028
- Fig. 10 Market Forecast of Governance, Risk, and Compliance Platforms China, 2024-2028
- Fig. 11 Market Forecast of Governance, Risk, and Compliance Platforms IT & Telecom Industry, 2024-2028
- Fig. 12 Market Forecast of Governance, Risk, and Compliance Platforms Banking & Financial Services Industry, 2024-2028
- Fig. 13 Market Forecast of Governance, Risk, and Compliance Platforms Insurance Industry, 2024-2028
- Fig. 14 Market Forecast of Governance, Risk, and Compliance Platforms Healthcare Industry, 2024-2028
- Fig. 15 Market Forecast of Governance, Risk, and Compliance Platforms Government & Public Sector, 2024-2028
- Fig. 16 Market Forecast of Governance, Risk, and Compliance Platforms Retail & eCommerce, 2024-2028
- Fig. 17 Market Forecast of Governance, Risk, and Compliance Platforms Manufacturing, 2024-2028
- Fig. 18 Market Forecast of Governance, Risk, and Compliance Platforms Hospitality, 2024-2028
- Fig. 19 Market Forecast of Governance, Risk, and Compliance Platforms On-premises Deployment, 2024-2028
- Fig. 20 Market Forecast of Governance, Risk, and Compliance Platforms Cloud Deployment, 2024-2028
- Fig. 21 Market Forecast of Governance, Risk, and Compliance Platforms SMB Customers, 2024-2028
- Fig. 22 Market Forecast of Governance, Risk, and Compliance Platforms Large Customers, 2024-2028
- Fig. 23 Market Forecast of Governance, Risk, and Compliance Platforms Enterprise Customers, 2024-2028
