Market Research Logo

Global Governance, Risk, and Compliance (GRC) Platform Market 2015-2019

About GRC platform

GRC platform is an umbrella term used to cover the approach of an organization toward the three areas: governance, risk, and compliance. Governance can be defined as the boundaries within which an organization should operate. It focuses on providing definitions for an organization's code of conduct to ensure compliance. Risk management consists of developing strategies for tackling the risks to which an organization is exposed. Its framework involves identification, assessment, evaluation, and potential solutions for risks. Compliance focuses on adhering to external requirements such as wider corporate policies, laws, and regulations. GRC platform enables organizations to reinvent themselves, develop a more economical cost structure, and increase overall efficiency.

Technavio's analysts forecast the global GRC platform market to grow at a CAGR of 8.35% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global GRC platform market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the on-premise, SaaS, and hosted GRC platform services segments.

Technavio's report, Global GRC Platform Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • CMO
  • EMC
  • IBM
  • MetricStream
  • NASDAQ OMX
Other prominent vendors
  • Cura Technologies
  • CMO Compliance
  • Enablon
  • Jade Software
  • MEGA International
  • Oracle
  • Provititi
  • Resolver
  • SAI Global Compliance
  • SAP
  • SAS Institute
  • Software
  • Sword Achiever
  • Thomson Reuters
  • Wolters Kluwer Financial Services
Key market driver
  • Need for high profitability and performance
  • For a full, detailed list, view our report
Key market challenge
  • Integration issues for siloed GRC solutions
  • For a full, detailed list, view our report
Key market trend
  • Market consolidation of GRC service providers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Governance, Risk, and Compliance Platform Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Governance, Risk, and Compliance Platform Market: CMO, EMC, IBM, MetricStream and NASDAQ
Other Prominent Vendors in the market are: Cura, CMO Compliance, Enablon, Jade, MEGA, Oracle, Protiviti, Resolver, SAI Global Compliance, SAP, SAS Institute, Software, Sword Achiever, Thomson Reuters, Wolters Kluwer
Commenting on the report, an analyst from Technavio’s team said: “Efficient business process functioning is underpinned by the effectiveness of risk management paradigms and strategies, and compliance with regulatory frameworks. Therefore, we predict a steep increase in the demand for an integrated solution that monitors and analyzes the risks associated with the business process. Following the incorporation of an integrated GRC framework with the business process, the complexities associated with the process reduce considerably, as it provides better insights to company decision makers. This helps the companies make effective and well-informed business decisions. Some IT majors (IBM, for example) are providing integrated GRC platforms, which help resolve any issues related to GRC.”
According to the report, notably, the finance, energy, and environment sectors usually see frequent changes to legal and ethical rules. It is difficult for organizations in these sectors to adapt quickly to any changes in regulations. We predict high adoption of GRC solutions among such organizations, as they ensure quick adaption to new rules and regulations.
Further, the report states that many vendors in this market are unable to comply with all the data protection and cyber security standards.

Companies Mentioned

CMO, EMC, IBM, MetricStream, NASDAQ, Cura, CMO Compliance, Enablon, Jade, MEGA, Oracle, Protiviti, Resolver, SAI Global Compliance, SAP, SAS Institute, Software, Sword Achiever, Thomson Reuters, Wolters Kluwer

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global GRC platform market ($ millions)
  • Five forces
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by service type
    • Global GRC platform market segmentation by service type
      • Table Market segmentation by service type
    • Global GRC platform market by on-premise services
      • Table Global GRC platform market by on-premise services ($ millions)
    • Global GRC platform market by SaaS services
      • Table Global GRC platform market by SaaS services ($ millions)
    • Global GRC platform market by hosted services
      • Table Global GRC platform market by hosted services ($ millions)
  • Geographical segmentation
    • Table Global GRC platform market by geographical segmentation 2014
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • CMO
      • Table CMO: Solutions
    • EMC
      • Table EMC: Business segmentation by revenue 2014
      • Table EMC: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table EMC: Geographical segmentation by revenue 2014
    • MetricStream
    • Nasdaq
      • Table Nasdaq: Business segmentation 2014 by revenue
      • Table Nasdaq: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Nasdaq: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report