Governance, Risk Management & Compliance Market North America Continues to Grow
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North America Governance, Risk Management & Compliance Market is leading the market followed by Europe. The growth of the market is attributed to the rising incidences of the cyber attacks in the region. Furthermore, the adoption of the big data, cloud services, and IoT technology fosters the market growth. Asia Pacific is estimated to grow substantially during the forecast timeline. The growing adoption of the cloud services in the region is driving the market growth. Furthermore, growing adoption of the solutions among the SMBs is propelling the market growth.
There are three main components of Governance, Risk Management & Compliance Market, governance, risk, and compliance. Governance ensures the alignment of operational activities with the organizational business goals, Risk is associated with the identification of risks involved in business activities along with its optimal solution to avoid severe consequences and Compliance makes sure that the organizational processes and activities meet the laws and regulations related to those systems.
The Governance, Risk Management & Compliance Market is also segmented into integrated, domain specific, and point solutions. The integrated solution provides an overall industrial solution to an organization. The domain specific offers solutions applicable to specific industry verticals in-line with the organizational goals. Point solutions provide are used to address the customer-specific challenges.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. SAS Institute
6. Fidelity National Information Services
8. Metric Stream
9. Turnkey consulting
10. Thomson Reuters
11. RSA Archer
12. Newport Consulting Group
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The major market players in the Governance, Risk Management & Compliance Market are IBM, SAP, SAS Institute, Microsoft, EMC, Fidelity National Information Services, Oracle, Metric Stream, Turnkey consulting, Thomson Reuters, RSA Archer, Newport Consulting Group, BWise, and ACL. The software providers are mainly focused on the development of more intuitive and configurable platforms, offering expanded content options and better integration. For instance, in June 2018, SAP launched GRC 12.0, the latest version of the on-premise software that comes with new dashboard, monitoring, and aggregation features. Similarly, in June 2017, Turnkey Consulting, the risk management consultancy institute launched its new product, Bedrock.
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