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Worldwide Security Governance, Risk, and Compliance Services and Software Forecast, 2024–2028

Publisher IDC
Published Mar 29, 2024
Length 14 Pages
SKU # IDC18658484

Description

Worldwide Security Governance, Risk, and Compliance Services and Software Forecast, 2024–2028


This IDC study presents a five-year forecast and contains IDC's best estimate for the governance, risk, and compliance services and software market for the 2023–2028 period. In addition, this study discusses the drivers and dynamics that had an impact on the global security governance, risk, and compliance professional services and software market in 2023 and provides insight into future trends that may influence market demand over the 2023–2028 period."Both risk management and compliance services and software continue to be the top investment areas for organizations," says Phil Harris, research director, Governance, Risk, and Compliance, IDC. "Both IT and the business are gaining clarity about the ever-changing cyberattack environment and the critical impact to the viability of their organizations and need to continue to prioritize cybersecurity as a mandate and keep senior management and the board informed as to the status of the program. While the overall cybersecurity GRC market has experienced strong growth over the past several years and while budgets are tightening, organizations continue to see value in these services and solutions, which is evidenced in continued investment. CISOs must step up their game in executive and board settings to engage them in constructive dialog that has them become contributors to the direction of cybersecurity rather than passively listening."

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Worldwide Security Governance, Risk, and Compliance Forecast
Worldwide Security Governance, Risk, and Compliance Revenue by Region
U.S. Security Governance, Risk, and Compliance Services and Software Revenue
Market Context
Drivers and Inhibitors
Drivers
Risk Quantification Capabilities Are Now Possible as Normal Components of Risk Management Programs
Artificial Intelligence and Cybersecurity
Continuous Compliance
Inhibitors
Lack of Cybersecurity Professionals
Government Legislation Increases
Significant Market Developments
Changes from Prior Forecast
Market Definition
Professional Services
Education and Deployment
Software
Managed Services
Methodology
Related Research

Pricing

Currency Rates
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