Europe GRC (Governance, Risk And Compliance) Platform Market Trends | Industry Report 2021-2026

According to the latest report by IMARC Group, titled, "Europe Governance, Risk and Compliance Platform Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the Europe governance, risk and compliance platform market exhibited strong growth during 2015-2020. Looking forward, the market to exhibit strong growth during 2021-2026.

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Governance, risk, and compliance (GRC) platform include certain norms that enable an organization to efficiently manage numerous broad issues. These platforms identify, assess, and manage risks that might hinder an organization's operations and objectives. They also help in improving the decision-making process, increasing optimal investments, and reducing fragmentation among various divisions and departments. Furthermore, GRC platforms facilitate better coordination among people, processes, and technologies in a corporation to minimize complexity for supervisors.

Market Trends

The rising levels of industrialization have augmented the adoption of GRC solutions for streamlining business processes, centralizing multiple programs, and achieving overall targets. Additionally, a substantial increase in digital data volumes has also propelled the demand for cloud-based GRC solutions for managing several databases, email systems, and data warehouses. Moreover, the rising government intervention in corporate functions to ensure fair trade practices is also catalyzing the demand for enterprise GRC (EGRC) platforms. These platforms facilitate the deployment of new or updated regulatory policies without disturbing regular business operations. Furthermore, the outbreak of the COVID-19 pandemic has compelled the organizations to adopt GRC solutions to comprehend prevailing market scenarios and calculate relative risks.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Europe Governance, Risk and Compliance Platform Market 2021-2026 Analysis and Segmentation:

Market Breakup by Deploying Model:

On-Premises
Cloud

Market Breakup by Solutions:

Audit Management
Risk Management
Policy Management
Compliance Management
Others

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Market Breakup by Component:

Software
Services

Market Breakup by Service:

Integration
Consulting
Support

Market Breakup by End User:

Small Enterprise
Medium Enterprise
Large Enterprise

Market Breakup by Vertical:

BFSI
Construction and Engineering
Energy and Utilities
Government
Healthcare
Manufacturing
Retail and Consumer Goods
Telecom and IT
Transportation and Logistics
Others

Market Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

report by IMARC Group

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