PUBLISHER: QKS Group | PRODUCT CODE: 1669202
PUBLISHER: QKS Group | PRODUCT CODE: 1669202
This product includes two reports: Market Share and Market Forecast.
QKS Group Revealed that the Governance, Risk, and Compliance Platforms Market is projected to register a CAGR of below average by 2028 in Central and Eastern Europe.
The Governance, Risk, and Compliance (GRC) platforms market in Central & Eastern Europe is experiencing slower growth compared to more developed regions. The diverse regulatory environments and economic challenges across countries in this region have contributed to cautious investment in GRC solutions. While there is a growing recognition of the importance of compliance and risk management, the adoption of GRC platforms is still limited to larger enterprises and specific sectors. Smaller businesses often lack the resources and awareness to implement comprehensive GRC solutions, resulting in a below average market growth rate.
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."
QKS Group Revealed that the Governance, Risk, and Compliance Platforms Market is projected to register a CAGR of below average by 2028 in Central and Eastern Europe.
The future outlook for the Governance, Risk, and Compliance (GRC) platforms market in Central & Eastern Europe indicates potential for gradual growth. As regulatory frameworks continue to evolve and harmonize, the need for effective GRC solutions will become more pronounced. The integration of innovative technologies and increasing awareness of the benefits of GRC platforms may drive incremental adoption. However, market growth is expected to remain below average, with adoption primarily driven by larger enterprises and sectors facing higher regulatory demands. Long-term growth will depend on regional economic stability and efforts to promote GRC awareness and implementation.
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."