Authored By: Sarah
11 Sep 2023

Governance Risk And Compliance Platform Market: Leading Regions and Market Trends

Geographical Analysis and Market Highlights 2021-2025

The governance risk and compliance platform market is set to post an incremental growth of USD 2.63 billion, accelerating at a CAGR of 13.36% during the forecast period. Technavio's market research investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios. Unlock Sample Report

Governance Risk And Compliance Platform Market: North America to lead market growth during the forecast period

  • The governance risk and compliance platform market is segmented by Deployment (On-premise and Cloud-based) and Geography (North America, Europe, APAC, South America, and MEA).
  • North America emerged as the leading geographical segment in recent years and is expected to contribute 42% of the market growth during the forecast period. The US is a key market for governance risk and compliance platforms in North America.
  • Based on the deployment, the on-premise segment is expected to witness lucrative growth during the forecast period.

Governance Risk And Compliance Platform Market: Leading Regions and Market Trends

Governance Risk And Compliance Platform Market: Key Competitors

The market is concentrated and the degree of concentration will accelerate during the forecast period. International Business Machines Corp., Microsoft Corp., Mitratech Holdings Inc., NAVEX Global Inc., Oracle Corp., SAI Global Pty. Ltd., SAP SE, SAS Institute Inc., Thomson Reuters Corp., and Wolters Kluwer NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 13.36%.

     
  2. What is the incremental growth of the market?
    The market size is expected to grow up to USD 2.63 billion during 2020-2025.

     
  3. What is a key factor driving this market?
    Quick and easy deployment of GRC policies will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    42% growth will originate from North America.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are International Business Machines Corp., Microsoft Corp., Mitratech Holdings Inc., NAVEX Global Inc., Oracle Corp., SAI Global Pty. Ltd., SAP SE, SAS Institute Inc., Thomson Reuters Corp., and Wolters Kluwer NV.

     
  7. What are the market segments covered in this report?
    The market is segmented by Deployment (On-premise and Cloud-based) and Geography (North America, Europe, APAC, South America, and MEA).
Read News Read Less
Interested in this report?
Get your sample now!
Technavio