PUBLISHER: QKS Group | PRODUCT CODE: 1669198
PUBLISHER: QKS Group | PRODUCT CODE: 1669198
Market Share and Forecast: Governance Risk and Compliance Platforms, 2023-2028, Middle East and Africa (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 below average by 2028 in the Middle East and Africa.
The Governance, Risk, and Compliance (GRC) platforms market in the Middle East & Africa (MEA) region is experiencing slower growth due to economic challenges and varying regulatory landscapes. The adoption of GRC solutions is primarily driven by larger enterprises and multinational companies operating in the region, while smaller businesses often face resource constraints and limited awareness. Despite growing recognition of the importance of compliance and risk management, the overall market penetration remains low. The diverse regulatory requirements across countries in the MEA contribute to a more cautious approach to GRC investments.
Quadrant Knowledge Solutions defines GRC platforms as "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 above average by 2028 in the Middle East and Africa.
The future outlook for the Governance, Risk, and Compliance (GRC) platforms market in the Middle East & Africa (MEA) region indicates potential for gradual growth. As countries in the region work towards enhancing regulatory frameworks and promoting compliance standards, the demand for GRC solutions is expected to increase. However, market growth is projected to remain below average, driven by incremental adoption and sector-specific needs. The integration of advanced technologies and efforts to raise awareness of GRC benefits may stimulate interest in the long term, but significant market expansion will likely take time. Economic stability and regulatory harmonization will play crucial roles in shaping the market's future trajectory.
Quadrant Knowledge Solutions defines GRC platforms as "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."
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
- Middle East & Africa Market Share
- Middle East & Africa 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
- Middle East & Africa Market Share by Deployment Type
- Market Share by Deployment Type: On-prem
- Market Share by Deployment Type: Cloud
- Middle East & Africa Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: 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
- Middle East & Africa Market Forecast
- Middle East & Africa 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
- Middle East & Africa Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On-prem
- Market Forecast by Deployment Type: Cloud
- Middle East & Africa 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 Middle East & Africa, 2023
- Fig. 2 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms IT & Telecom Industry, 2023
- Fig. 3 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Banking & Financial Services Industry, 2023
- Fig. 4 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Insurance Industry, 2023
- Fig. 5 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Healthcare Industry, 2023
- Fig. 6 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Government & Public Sector, 2023
- Fig. 7 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Retail & eCommerce, 2023
- Fig. 8 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Manufacturing, 2023
- Fig. 9 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Hospitality, 2023
- Fig. 10 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms On-premises Deployment, 2023
- Fig. 11 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Cloud Deployment, 2023
- Fig. 12 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms SMB Customers, 2023
- Fig. 13 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Large Customers, 2023
- Fig. 14 Middle East & Africa Market Share of Governance, Risk, and Compliance Platforms Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Governance, Risk, and Compliance Platforms Middle East & Africa, 2024- 2028
- Fig. 2 Market Forecast of Governance, Risk, and Compliance Platforms IT & Telecom Industry, 2024- 2028
- Fig. 3 Market Forecast of Governance, Risk, and Compliance Platforms Banking & Financial Services Industry, 2023
- Fig. 4 Market Forecast of Governance, Risk, and Compliance Platforms Insurance Industry, 2024- 2028
- Fig. 5 Market Forecast of Governance, Risk, and Compliance Platforms Healthcare Industry, 2024- 2028
- Fig. 6 Market Forecast of Governance, Risk, and Compliance Platforms Government & Public Sector, 2024- 2028
- Fig. 7 Market Forecast of Governance, Risk, and Compliance Platforms Retail & eCommerce, 2024- 2028
- Fig. 8 Market Forecast of Governance, Risk, and Compliance Platforms Manufacturing, 2024- 2028
- Fig. 9 Market Forecast of Governance, Risk, and Compliance Platforms Hospitality, 2024- 2028
- Fig. 10 Market Forecast of Governance, Risk, and Compliance Platforms On-premises Deployment, 2024- 2028
- Fig. 11 Market Forecast of Governance, Risk, and Compliance Platforms Cloud Deployment, 2024- 2028
- Fig. 12 Market Forecast of Governance, Risk, and Compliance Platforms SMB Customers, 2024- 2028
- Fig. 13 Market Forecast of Governance, Risk, and Compliance Platforms Large Customers, 2024- 2028
- Fig. 14 Market Forecast of Governance, Risk, and Compliance Platforms Enterprise Customers, 2024- 2028
