Global Governance, Risk & Compliance Platforms Market Growth (Status and Outlook) 2025-2031

According to this study, the global Governance, Risk & Compliance Platforms market size will reach US$ 34409 million by 2031.

Governance, Risk & Compliance Platform is used by publicly traded companies to control the accessibility of data and manage IT operations that are subject to regulation. An organization needs GRC to: Align IT strategy across the company and eliminate silos operating independently Accomplish goals while streamlining risk profile and protecting value Minimize online threats, detect fraud, and catch errors Ensure staff and company compliance to governmental regulations, such as SOX, export and customs laws, data privacy laws, hazardous materials requirements, and more

The global Governance, Risk & Compliance Platform market has been experiencing robust growth, driven by increasing regulatory requirements, the complexity of business operations, and the rising importance of risk management and compliance in today’s globalized economy.

Global Regulatory Environment: Organizations across the globe are facing more stringent regulatory environments, with new regulations continuously emerging across different industries and regions. This complexity drives the demand for advanced GRC solutions to ensure compliance and manage risks efficiently.

Sector-Specific Regulations: Industries such as financial services, healthcare, and energy face highly specific regulations (e.g., GDPR in the EU, HIPAA in the U.S., and Basel III in banking). Companies in these sectors are increasingly adopting GRC solutions to navigate and comply with these regulations.

Global key players of Governance, Risk & Compliance Platforms include IBM, Wolters Kluwer, Oracle and SAP, etc. Global top four manufacturers hold a share over 30%. North America is the largest market of Governance Risk and Compliance Platform, with a share nearly 40%, followed by Asia-Pacific and Europe.

LPI (LP Information)' newest research report, the “Governance, Risk & Compliance Platforms Industry Forecast” looks at past sales and reviews total world Governance, Risk & Compliance Platforms sales in 2024, providing a comprehensive analysis by region and market sector of projected Governance, Risk & Compliance Platforms sales for 2025 through 2031. With Governance, Risk & Compliance Platforms sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Governance, Risk & Compliance Platforms industry.

This Insight Report provides a comprehensive analysis of the global Governance, Risk & Compliance Platforms landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Governance, Risk & Compliance Platforms portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Governance, Risk & Compliance Platforms market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Governance, Risk & Compliance Platforms and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Governance, Risk & Compliance Platforms.

This report presents a comprehensive overview, market shares, and growth opportunities of Governance, Risk & Compliance Platforms market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cloud-based
On-premise

Segmentation by Application:
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
RSA Security
SAP
Oracle
Software AG
LogicManager
Riskonnect
Diligent (Galvanize)
SAI Global
MetricStream
SAS Institute
Wolters Kluwer
Check Point Software
MEGA International
Resolver
NAVEX Global (Lockpath)
ProcessGene
Aravo
ReadiNow
LogicGate
Reciprocity ZenGRC

Please note: The report will take approximately 2 business days to prepare and deliver. Show more