Governance, Risk and Compliance Platform Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Governance, Risk 
and Compliance Platform 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " G o v e r n a n c e ,  R is k  a n d  
C o m p l i a n c e  P la t f o r m  M a r k e t :  G lo b a l  In d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  
O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  g l o b a l  g o v e r n a n c e ,  r i s k  a n d  c o m p l i a n c e  
p l a t f o r m  m a r k e t  s i z e  r e a c h e d  U S $  4 4 . 0  B i l l i o n  i n  2 0 2 3 .
Report T h e  g o v e r n a n c e ,  r i s k  a n d  c o m p l i a n c e  ( G R C )  p l a t f o r m  i s  a  s o f tw a r e  s o l u t i o n  t h a t  p r o v i d e s  a n  i n t e g r a te d  a p p r o a c h  t o  m a n a g i n g  a n  o r g a n i z a t i o n ' s  r i s k  a n d  c o m p l i a n c e  a c t i v i t i e s .  I t  
a l l o w s  b u s i n e s s e s  t o  s t r e a m l i n e  t h e i r  GR C  p r o c e s s e s ,  r e d u c e  t h e  l i k e l i h o o d  o f  c o m p l i a n c e  
Highlight and b r e a c h e s ,  a n d  i m p r o v e  d e c i s i o n - m a k i n g  a c r o s s  a l l  l e v e l s  o f  t h e  o r g a n i z a t i o n .  I t  a l s o  h e l p s  i n c r e a s e  p r o f i t a b i l i t y ,  m o n i t o r  a n d  a n a l y z e  p e r f o r m a n c e  a n d  c o n t r o l  i n  r e a l -
t i m e ,  i d e n t i f y  t r e n d s  a n d  p o t e n t i a l  i s s u e s ,  e v a l u a t e  o u t c o m e s ,  a n d  e n s u r e  a n d  s t r e n g t h e n  
Description c o m p l i a n c e  w i t h  i n d u s t r y  r e g u l a t i o n s ,  l a w s ,  a n d  s ta n d a r d s  t h r o u g h  r e g u l a r  i n t e r n a l  a u d i t s .  
A  G R C  p l a t f o r m  a l s o  i n c r e a s e s  o p t i m a l  i n v e s tm e n t s  a n d  r e d u c e s  f r a g m e n ta t i o n  a m o n g  
v a r i o u s  d i v i s i o n s  a n d  d e p a r t m e n ts .  A s  a  r e s u l t ,  i t  i s  w i d e l y  u t i l i z e d  a c r o s s  n u m e r o u s  
i n d u s t r i e s  t o  m i n i m i z e  t h e  c o m p l e x i t y  f o r  s u p e r v i s o r s  a n d  m a n a g e  c o s t s  e f f e c t i v e l y .
R e q u e s t  f o r  a  P D F  s a m p le  o f  t h is  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m /g o v e r n a n c e - r i s k - c o m p l i a n c e - p l a t f o r m - m a r k e t / r e q u e s t s a m p l e
Report Description
G lo b a l  G o v e r n a n c e ,  R i s k  a n d  C o m p l i a n c e  P l a t f o r m  M a r k e t  T r e n d s :
T h e  i n c r e a s i n g  d e m a n d  f o r  G R C  p l a t f o r m s  t o  i m p r o v e  o p e r a t i o n a l  a c t i v i t i e s  a s  b u s i n e s s e s  e x p a n d  t h e i r  o p e r a t i o n s  g l o b a l l y  i s  p r i m a r i l y  
d r i v i n g  t h e  m a r k e t  g r o w t h .  B e s i d e s  t h i s ,  t h e  l a r g e - s c a l e  p r o d u c t  a d o p t i o n  a m o n g  e n t e r p r i s e s  t o  e n a b l e  e f f e c t i v e  s t r a t e g i c  p l a n n i n g  a n d  
q u i c k l y  r e s p o n d  t o  c h a n g i n g  b u s i n e s s  e n v i r o n m e n t s  t o  g a i n  a  c o m p e t i t i v e  e d g e  i s  c o n t r i b u t i n g  t o  t h e  m a r k e t  g r o w t h .  M o r e o v e r ,  w i t h  t h e  
i n c r e a s i n g  d i g i t i z a t i o n  o f  b u s i n e s s  p r o c e s s e s ,  t h e r e  h a s  b e e n  a n  e x t e n s i v e  d e m a n d  f o r  t h e  G R C  p l a t f o r m  t o  c o u n t e r  a n d  p r e v e n t  t h e  r i s i n g  
i n c i d e n c e  o f  c y b e r  t h r e a t s  a n d  s e c u r i t y  b r e a c h e s ,  w h i c h ,  i n  t u r n ,  i s  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t .  C o n c u r r e n t  w i t h  t h i s ,  t h e  
e x p a n d i n g  p r o d u c t  d e p l o y m e n t  t o  p r o v i d e  a  d e t a i l e d  u n d e r s t a n d i n g  o f  t h e  p r e v a i l i n g  m a r k e t  s c e n a r i o s  a n d  h e l p  o r g a n i z a t i o n s  t a k e  
c a l c u l a t e d  r i s k s  a n d  a c h i e v e  a  s t r o n g  m a r k e t  p o s i t i o n  i s  a i d i n g  i n  m a r k e t  e x p a n s i o n .  
I n  a d d i t i o n  t o  t h i s ,  t h e  i m p l e m e n t a t i o n  o f  s t r i n g e n t  r e g u l a t i o n s  b y  n u m e r o u s  g o v e r n i n g  a g e n c i e s  t o  e n s u r e  f a i r  t r a d e  p r a c t i c e s  a n d  
e l i m i n a t e  m o n e t a r y  a n d  r e p u t a t i o n a l  p e n a l t i e s  a s s o c i a t e d  w i t h  n o n - c o m p l i a n c e  i n  c o r p o r a t e  f u n c t i o n i n g  i s  p r e s e n t i n g  r e m u n e r a t i v e  g r o w t h  
o p p o r t u n i t i e s  f o r  t h e  m a r k e t .  F u r t h e r m o r e ,  t h e  e x p a n d i n g  t r e n d s  o f  r e m o t e  w o r k i n g  p a t t e r n s ,  t h e  a d o p t i o n  o f  m o b i l i t y  s o l u t i o n s ,  a n d  t h e  
i n c r e a s i n g  i n t e g r a t i o n  o f  a d v a n c e d  t e c h n o l o g i e s ,  s u c h  a s  b i g  d a t a  a n a l y t i c s ,  c l o u d ,  a n d  t h e  i n t e r n e t  o f  t h i n g s  ( I o T ) ,  a r e  s t r e n g t h e n i n g  t h e  
m a r k e t  g r o w t h .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  v a l u e  i s  p r o j e c t e d  t o  r e a c h  U S $  1 1 9 . 8  B i l l i o n  b y  2 0 3 2 ,  e x p a n d i n g  a t  a  C A G R  o f  1 1 . 6 5 %  d u r i n g  2 0 2 4 -
2 0 3 2 .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / g o v e r n a n c e - r i s k - c o m p l ia n c e - p l a t f o r m - m a r k e t
Breakup by Deployment Model:
• On-Premises
• Cloud
 
Breakup by Solution:
• Audit  Management 
• Risk Management 
Report 
• Pol icy Management 
Segmentation • Compliance Management
• Others
Breakup by Component:
• Software
• Services
Breakup by Service:
• Integration 
• Consult ing 
• Support
Breakup by End-User:
Report • Small  Enterprise
Segmentation • Medium Enterprise
• Large Enterprise
Breakup by Industry Vertical:
• BFSI
• Construct ion and Engineering
• Energy and Uti l i t ies
• Government
• Healthcare 
• Manufacturing
• Retai l  and Consumer Goods
• Telecom and IT
• Transportation and Logist ics 
Report • Others
Segmentation
Breakup by Region:
• North America
• Europe
• Asia Pacifi c
• Middle East and Afr ica
• Latin America
• SAS Insti tute Inc.
• IBM Corp
• SAP SE
Competitive • Del l  Technologies
• Microsoft  Corporation
Landscape 
• Fidel ity National  Information Services Inc.
with Key • Oracle Corporation
Players • Thomson Reuters Corporation
• Newport Consult ing Group, LLC
• BWise BV
What was the size of the global governance, risk and 
compliance platform market in 2023?
What is the expected growth rate of the global 
governance, risk and compliance platform market 
during 2024-2032?
Key What are the key factors driving the global governance, 
risk and compliance platform market?
Questions 
Answered in What has been the impact of COVID-19 on the global governance, risk and compliance platform market?
the Report What is the breakup of the global governance, risk and 
compliance platform market based on the deployment 
model?
What is the breakup of the global governance, risk and 
compliance platform market based on the solution?
What is the breakup of the global governance, risk and 
compliance platform market based on the component?
What is the breakup of the global governance, risk and 
compliance platform market based on the service?
What is the breakup of the global governance, risk and 
compliance platform market based on the end user?
What is the breakup of the global governance, risk and 
compliance platform market based on the industry 
Key vertical?
Questions What are the key regions in the global governance, risk and compliance platform market?
Answered in 
Who are the key players/companies in the global 
governance, risk and compliance platform market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s
5     G l o b a l  G o v e r n a n c e ,  R i s k  a n d  C o m p l i a n c e  P l a t f o r m  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  B r e a k u p  b y  D e p l o y m e n t  M o d e l  
    5 . 5     M a r k e t  B r e a k u p  b y  S o l u t i o n
    5 . 6     M a r k e t  B r e a k u p  b y  C o m p o n e n t  
    5 . 7     M a r k e t  B r e a k u p  b y  S e r v i c e  
    5 . 8     M a r k e t  B r e a k u p  b y  E n d - U s e r  
    5 . 9     M a r k e t  B r e a k u p  b y  I n d u s t r y  V e r t i c a l  
    5 . 1 0     M a r k e t  B r e a k u p  b y  R e g i o n
    5 . 1 1     M a r k e t  F o r e c a s t
6    M a r k e t  B r e a k u p  b y  D e p l o y m e n t  M o d e l  
    6 . 1     O n - P r e m i s e s  
        6 . 1 . 1     M a r k e t  T r e n d s
        6 . 1 . 2     M a r k e t  F o r e c a s t
       
    6 . 2     C l o u d  
        6 . 2 . 1     M a r k e t  T r e n d s
        6 . 2 . 2     M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  S o l u t i o n  
    7 . 1     A u d i t  M a n a g e m e n t
        7 . 1 . 1     M a r k e t  T r e n d s
        7 . 1 . 2     M a r k e t  F o r e c a s t
    7 . 2     R i s k  M a n a g e m e n t  
        7 . 2 . 1     M a r k e t  T r e n d s
        7 . 2 . 2     M a r k e t  F o r e c a s t
    7 . 3     P o l i c y  M a n a g e m e n t  
Table of         7 . 3 . 1     M a r k e t  T r e n d s        7 . 3 . 2     M a r k e t  F o r e c a s t
    7 . 4     C o m p l i a n c e  M a n a g e m e n t  
        7 . 4 . 1     M a r k e t  T r e n d s
Contents         7 . 4 . 2     M a r k e t  F o r e c a s t    7 . 5     O t h e r s  
        7 . 5 . 1     M a r k e t  T r e n d s
        7 . 5 . 2     M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  C o m p o n e n t  
    8 . 1     S o f t w a r e  
        8 . 1 . 1     M a r k e t  T r e n d s
        8 . 1 . 2     M a r k e t  F o r e c a s t
    8 . 2     S e r v i c e s  
        8 . 2 . 1     M a r k e t  T r e n d s
        8 . 2 . 2     M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  S e r v i c e  
    9 . 1     I n t e g r a t i o n  
        9 . 1 . 1     M a r k e t  T r e n d s
        9 . 1 . 2     M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / g o v e rn a n c e - r i s k - co m p l i a n c e - p l a t f o
rm - m a r ke t / t o c
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