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

Publisher IDC
Published Mar 27, 2024
Length 15 Pages
SKU # IDC18658488

Description

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


This IDC study presents a five-year forecast and contains IDC's best estimate for the governance, risk, and compliance managed services 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 managed services market in 2022 and provides insight into future trends that may influence market demand over the 2023–2028 period."GRC managed services market is newly represented this year and will continue to progress forward as organizations are unable to hire enough skilled professionals," says Phil Harris, research director, Governance, Risk, and Compliance, IDC. "Both IT and the business are having to deal with enhancing their GRC programs given the rapid changes in government regulations, the potential disruptions 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 may accelerate their investments in managed GRC."

Please Note: Extended description available upon request.

Table of Contents

15 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Worldwide Security Governance, Risk, and Compliance Services
Worldwide Security Governance, Risk, and Compliance Managed Services Revenue by Region
U.S. Security Governance, Risk, and Compliance Managed Services 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
Cybersecurity Programs Becoming a Top Priority
Expansion
Increasing Focus on Internal and External Risk
Partnerships
Changes from Prior Forecast
Market Definition
Professional Services
Education and Deployment
Software
Managed Services
Methodology
Related Research

Pricing

Currency Rates
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