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Governance, Compliance and Risk Management Software Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5767326
The governance, compliance and risk management software market size has grown rapidly in recent years. It will grow from $41.93 billion in 2023 to $47.05 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The increase during the historical period can be linked to regulatory complexity, the need for risk mitigation, an emphasis on corporate governance, concerns related to data security, and the impact of globalization.

The governance, compliance and risk management software market size is expected to see rapid growth in the next few years. It will grow to $76.44 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period can be ascribed to the evolving regulatory landscape, the increasing threats of cybersecurity, a heightened focus on environmental, social, and governance (ESG) practices, and digital transformation initiatives. Key trends expected in the forecast period encompass the automated monitoring of third-party risks, the implementation of data privacy and protection solutions, continuous monitoring, and real-time reporting, the evolution of ESG compliance solutions, and the development of user-friendly and intuitive interfaces.

The governance, compliance, and risk management software market is expected to grow with the increasing use of cloud-based networking. Cloud networking, comprising on-premises cloud and public cloud, simplifies activities for risk managers, accounts officers, and auditors. The Cisco Global Cloud Index highlights that 94% of all workloads run on cloud networking and virtualized environments. Eurostat reports that approximately 41% of EU enterprises used cloud computing in 2021. Hence, the rise in the use of cloud-based networking is a driving factor behind the growth of the governance, compliance, and risk management software market.

The governance, compliance, and risk management software market is anticipated to grow due to the rising instances of cybersecurity threats. GRC software plays a crucial role in modern cybersecurity by streamlining processes and enhancing security posture. In November 2022, the Australian Signals Directorate's Australian Cyber Security Centre reported over 76,000 cybercrime reports, indicating a 13% increase over the previous fiscal year. This rise in cybersecurity threats drives the demand for governance, compliance, and risk management software.

The automation of GRC programs through specialized software applications is reshaping the industry. GRC software assists companies in managing relevant documentation and processes to ensure optimal productivity and preparation. In August 2022, NAVEX Global, Inc., a US-based GRC software company, introduced the NAVEX One platform, a groundbreaking innovation in the governance, risk, and compliance (GRC) domain. This platform facilitates precise risk and compliance-related communication between staff members, external partners, and program managers, overcoming language barriers for businesses with international operations. The incorporation of secure machine translation into NAVEX One, powered by artificial intelligence, enhances communication efficiency by allowing GRC professionals to translate information, assessments, and responses directly from the user interface.

In the governance, compliance, and risk management software market, major companies are adopting a strategic partnership approach to make Galvanize's HighBond platform available to consumers. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits. For instance, in August 2021, Galvanize, a Canada-based SaaS governance, compliance, and risk management software company, partnered with Turnkey Consulting, a UK-based company offering integrated risk management (IRM), cyber, and application security. This collaboration allows Turnkey to offer Galvanize's HighBond platform to clients as part of its comprehensive technology-enabled solutions, with the platform's intuitive UI promoting user acceptance and providing clients with automated capabilities for managing changes, incorporating data from multiple sources, and gaining continuous visibility into their risk and control landscape.

In April 2022, Riskonnect, Inc., a US-based company specializing in integrated risk management (IRM) solutions, acquired Sword GRC for an undisclosed amount. This acquisition enhances Riskonnect's IRM mission by seamlessly incorporating project risk capabilities into its platform, allowing clients to centralize all elements of business risk. The merger advances both companies' global growth goals and enables Riskonnect to penetrate new major vertical and regional markets. Sword GRC, a UK-based governance, risk, and compliance software company, specializes in project and organizational risk management solutions.

Major companies operating in the governance, compliance and risk management software market report are Dell Technologies, International Business Machines, Oracle Corporation, SAP SE, ServiceNow Inc., Check Point Software Technologies, NICE Ltd., Software AG, Workiva Inc., OneTrust LLC, NAVEX Global Inc., MetricStream, Microsoft Corporation, MEGA International, SAI Global, Riskonnect Inc., Galvanize Inc., ACL Services Ltd., Lockpath Inc., Resolver Inc., LogicGate Inc., Quantivate LLC, ProcessUnity Inc., ReadiNow Corporation, ProcessGene Ltd., Compliance 360, LogicManager, Sword GRC, ZenGRC, Convercent Inc., Cura Software Solutions, Ideagen PLC, MasterControl Inc.

Asia-Pacific was the largest region in the governance, compliance and risk management software market in 2023. The regions covered in the governance, compliance and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the governance, compliance and risk management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of components in governance, compliance, and risk management software are software and services. GRC software effectively manages risks in different organizational areas, specifically in the IT sector. Software used in GRC is crucial for addressing risks in organizations, and deployment modes vary, including on-premises, cloud, and hybrid. This software caters to small and medium enterprises (SMEs) as well as large enterprises, serving various industry verticals such as BFSI, construction and engineering, energy and utilities, government, healthcare, manufacturing, retail and consumer goods, telecom and IT, transportation and logistics, among others.

The governance, compliance, and risk management software market research report is one of a series of new reports that provides governance, compliance, and risk management software market statistics, including governance, compliance, and risk management software industry global market size, regional shares, competitors with governance, compliance, and risk management software market share, detailed governance, compliance, and risk management software market segments, market trends and opportunities, and any further data you may need to thrive in the governance, compliance, and risk management software industry. This governance, compliance, and risk management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The governance, compliance, and risk management software market includes revenues earned by entities by providing software tools that automate the processes of identifying risks, adhering to regulations, developing company policies, lowering costs, and expanding business potential. The governance, compliance, and risk management software (GRC software) is used by risk managers, accounts officers, and auditors to simplify their activities in an organization. The GRC software deals with audit management, Internal policy management, compliance management, risk and incidence management, and information security management. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Governance, Compliance and Risk Management Software Market Characteristics3. Governance, Compliance and Risk Management Software Market Trends and Strategies
4. Governance, Compliance and Risk Management Software Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Governance, Compliance and Risk Management Software Market Size and Growth
5.1. Global Governance, Compliance and Risk Management Software Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Governance, Compliance and Risk Management Software Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Governance, Compliance and Risk Management Software Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Governance, Compliance and Risk Management Software Market Segmentation
6.1. Global Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Software
  • Services
6.2. Global Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • on-Premises
  • Cloud
  • Hybrid
6.3. Global Governance, Compliance and Risk Management Software Market, Segmentation by Enterprise Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Small and Medium Enterprise (SME)
  • Large Enterprise
6.4. Global Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • BFSI
  • Construction and Engineering
  • Energy and Utilities
  • Government
  • Healthcare
  • Manufacturing
  • Retail and Consumer Goods
  • Telecom and IT
  • Transportation and Logistics
7. Governance, Compliance and Risk Management Software Market Regional and Country Analysis
7.1. Global Governance, Compliance and Risk Management Software Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Governance, Compliance and Risk Management Software Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Governance, Compliance and Risk Management Software Market
8.1. Asia-Pacific Governance, Compliance and Risk Management Software Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Governance, Compliance and Risk Management Software Market
9.1. China Governance, Compliance and Risk Management Software Market Overview
9.2. China Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Governance, Compliance and Risk Management Software Market
10.1. India Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Governance, Compliance and Risk Management Software Market
11.1. Japan Governance, Compliance and Risk Management Software Market Overview
11.2. Japan Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Governance, Compliance and Risk Management Software Market
12.1. Australia Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Governance, Compliance and Risk Management Software Market
13.1. Indonesia Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Governance, Compliance and Risk Management Software Market
14.1. South Korea Governance, Compliance and Risk Management Software Market Overview
14.2. South Korea Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Governance, Compliance and Risk Management Software Market
15.1. Western Europe Governance, Compliance and Risk Management Software Market Overview
15.2. Western Europe Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Governance, Compliance and Risk Management Software Market
16.1. UK Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Governance, Compliance and Risk Management Software Market
17.1. Germany Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Governance, Compliance and Risk Management Software Market
18.1. France Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Governance, Compliance and Risk Management Software Market
19.1. Italy Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Governance, Compliance and Risk Management Software Market
20.1. Spain Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Governance, Compliance and Risk Management Software Market
21.1. Eastern Europe Governance, Compliance and Risk Management Software Market Overview
21.2. Eastern Europe Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Governance, Compliance and Risk Management Software Market
22.1. Russia Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Governance, Compliance and Risk Management Software Market
23.1. North America Governance, Compliance and Risk Management Software Market Overview
23.2. North America Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Governance, Compliance and Risk Management Software Market
24.1. USA Governance, Compliance and Risk Management Software Market Overview
24.2. USA Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Governance, Compliance and Risk Management Software Market
25.1. Canada Governance, Compliance and Risk Management Software Market Overview
25.2. Canada Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Governance, Compliance and Risk Management Software Market
26.1. South America Governance, Compliance and Risk Management Software Market Overview
26.2. South America Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Governance, Compliance and Risk Management Software Market
27.1. Brazil Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Governance, Compliance and Risk Management Software Market
28.1. Middle East Governance, Compliance and Risk Management Software Market Overview
28.2. Middle East Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Governance, Compliance and Risk Management Software Market
29.1. Africa Governance, Compliance and Risk Management Software Market Overview
29.2. Africa Governance, Compliance and Risk Management Software Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Governance, Compliance and Risk Management Software Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Governance, Compliance and Risk Management Software Market, Segmentation by Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Governance, Compliance and Risk Management Software Market Competitive Landscape and Company Profiles
30.1. Governance, Compliance and Risk Management Software Market Competitive Landscape
30.2. Governance, Compliance and Risk Management Software Market Company Profiles
30.2.1. Dell Technologies
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. International Business Machines
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Oracle Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. SAP SE
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. ServiceNow Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Governance, Compliance and Risk Management Software Market Other Major and Innovative Companies
31.1. Check Point Software Technologies
31.2. NICE Ltd.
31.3. Software AG
31.4. Workiva Inc.
31.5. OneTrust LLC
31.6. NAVEX Global Inc.
31.7. MetricStream
31.8. Microsoft Corporation
31.9. MEGA International
31.10. SAI Global
31.11. Riskonnect Inc.
31.12. Galvanize Inc.
31.13. ACL Services Ltd.
31.14. Lockpath Inc.
31.15. Resolver Inc.
32. Global Governance, Compliance and Risk Management Software Market Competitive Benchmarking33. Global Governance, Compliance and Risk Management Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Governance, Compliance and Risk Management Software Market
35. Governance, Compliance and Risk Management Software Market Future Outlook and Potential Analysis
35.1 Governance, Compliance and Risk Management Software Market in 2028 - Countries Offering Most New Opportunities
35.2 Governance, Compliance and Risk Management Software Market in 2028 - Segments Offering Most New Opportunities
35.3 Governance, Compliance and Risk Management Software Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Governance, Compliance and Risk Management Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on governance, compliance and risk management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for governance, compliance and risk management software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Component: Software; Services
2) By Deployment: On-Premises; Cloud; Hybrid
3) By Enterprise Type: Small and Medium Enterprise (SME); Large Enterprise
4) By Industry Vertical: BFSI; Construction and Engineering; Energy and Utilities; Government; Healthcare; Manufacturing; Retail and Consumer Goods; Telecom and IT; Transportation and Logistics; Other Industry Verticals

Key Companies Mentioned: Dell Technologies; International Business Machines; Oracle Corporation; SAP SE; ServiceNow Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Dell Technologies
  • International Business Machines
  • Oracle Corporation
  • SAP SE
  • ServiceNow Inc.
  • Check Point Software Technologies
  • NICE Ltd.
  • Software AG
  • Workiva Inc.
  • OneTrust LLC
  • NAVEX Global Inc.
  • MetricStream
  • Microsoft Corporation
  • MEGA International
  • SAI Global
  • Riskonnect Inc.
  • Galvanize Inc.
  • ACL Services Ltd.
  • Lockpath Inc.
  • Resolver Inc.
  • LogicGate Inc.
  • Quantivate LLC
  • ProcessUnity Inc.
  • ReadiNow Corporation
  • ProcessGene Ltd.
  • Compliance 360
  • LogicManager
  • Sword GRC
  • ZenGRC
  • Convercent Inc.
  • Cura Software Solutions
  • Ideagen Plc
  • MasterControl Inc.

Methodology

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