openPR Logo
Press release

Rising Cybersecurity Concerns Fuel the Growth of the Governance, Risk and Compliance Platform Market 2025-2033

11-11-2025 08:21 AM CET | Associations & Organizations

Press release from: IMARC Group

Rising Cybersecurity Concerns Fuel the Growth of

Market Overview
The global Governance, Risk and Compliance Platform Market size was valued at USD 49.2 Billion in 2024. It is expected to reach USD 127.7 Billion by 2033, growing at a CAGR of 11.18% during the forecast period of 2025-2033. The market growth is driven by rising cyberthreats, the need to mitigate risks and protect sensitive data, and evolving regulatory compliances. The platform provides a centralized framework to monitor and manage risks, ensuring consistent governance practices worldwide.

Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033

Governance, Risk and Compliance Platform Market Key Takeaways
• The market size was USD 49.2 Billion in 2024.
• The expected CAGR during 2025-2033 is 11.18%.
• Forecast period spans 2025 to 2033.
• On-premises deployment represents the largest segment due to enhanced security and customization.
• Compliance management accounts for the majority of the market share by solution type.
• Software leads the component segment in market share.
• Medium enterprises hold the largest market share among end users.
• BFSI is the dominant industry vertical in the market.
• North America is the leading region in terms of market share.

Request for sample copy of this report: https://www.imarcgroup.com/governance-risk-compliance-platform-market/requestsample

Market Growth Factors
The governance, risk and compliance (GRC) platform market is propelled by an increasing global focus on mitigating operational and security risks. Organizations are heightening their awareness to safeguard operations, reputation, and assets. GRC platforms centralize risk assessment and enable proactive identification and mitigation strategies, enhancing decision-making and minimizing vulnerabilities. This approach ensures business continuity and reduces operational disruptions.

The proliferation of cyberthreats worldwide significantly drives demand for GRC platforms. These solutions integrate cybersecurity practices into broader risk frameworks, providing real-time monitoring, threat detection, and incident response capabilities. They help protect sensitive data and intellectual property, reducing the risk of breaches and their financial and reputational consequences.

The evolving regulatory landscape and changing compliance requirements compel organizations to adopt GRC platforms. These platforms streamline managing and tracking compliance efforts, automate processes, and ensure organizations stay up-to-date with regulations. Automation within GRC solutions reduces manual reporting burdens and enhances accuracy and transparency during audits, supporting regulatory adherence.

Market Segmentation
The report categorizes the Governance, Risk and Compliance Platform Market based on the following segments:

Deployment Model:
• On-Premises: Involves installation within the organization's infrastructure, providing direct data control and security. Favored for data sovereignty and strict regulatory requirements, offering customization and security benefits.
• Cloud: Represents an alternative deployment model.

Solution:
• Audit Management
• Risk Management
• Policy Management
• Compliance Management: The largest segment, enabling centralization of documentation, tracking, and reporting to ensure regulatory adherence.
• Others

Component:
• Software: The largest market segment, encompassing digital tools for managing governance, risk, and compliance with features like analytics, workflow automation, and integration.
• Services

Service:
• Integration: Connecting GRC platforms with existing systems for efficient data exchange.
• Consulting: Expert guidance for effective GRC implementation tailored to organizational needs.
• Support: Ongoing technical support and updates to maintain platform functionality.

End-User:
• Small Enterprise
• Medium Enterprise: The largest segment, with scalable GRC solutions addressing medium-sized business needs.
• Large Enterprise

Industry Vertical:
• BFSI: The leading industry segment, offering modules for regulatory and financial risk management.
• Construction and Engineering
• Energy and Utilities
• Government
• Healthcare
• Manufacturing
• Retail and Consumer Goods
• Telecom and IT
• Transportation and Logistics
• Others

Regional Insights
North America dominates the Governance, Risk and Compliance Platform Market, holding the largest market share. The region's leadership is attributed to the rising demand for risk management and ethical practice solutions, increased adoption of integrated data platforms by financial services, and the growing need for fraud detection capabilities. North America's prominence is projected to continue with significant contributions from its financial institutions leveraging GRC for data streamlining and insight generation.

Recent Developments & News
• In 2022, IBM announced OpenPages with Watson 8.3, an integrated GRC platform available both On-Premises and as SaaS, aiding organizations in risk and compliance management.
• In 2021, Microsoft launched Azure Purview, a cloud-native data governance solution for managing on-premises, cloud, and app-based systems.
• In 2022, SAP SE and PwC announced a co-innovation strategy to integrate sustainability into standard business operations addressing ESG challenges.

Key Players
• SAS Institute Inc.
• IBM Corp
• SAP SE
• Dell Technologies
• Microsoft Corporation
• Fidelity National Information Services Inc.
• Oracle Corporation
• Thomson Reuters Corporation
• Newport Consulting Group, LLC
• BWise BV

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request for customization: https://www.imarcgroup.com/request?type=report&id=1163&flag=E

Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302

About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rising Cybersecurity Concerns Fuel the Growth of the Governance, Risk and Compliance Platform Market 2025-2033 here

News-ID: 4263397 • Views: …

More Releases from IMARC Group

Vietnam Healthy Snacks Market Size, Share, Growth, Trends and Forecast 2025-2033
Vietnam Healthy Snacks Market Size, Share, Growth, Trends and Forecast 2025-2033
Market Overview The Vietnam healthy snacks market size reached USD 364.40 Million in 2024 and is projected to reach USD 573.10 Million by 2033. The market is anticipated to grow at a CAGR of 5.16% during the forecast period 2025-2033. Growth is driven by rising health consciousness, urbanization, and a growing middle class seeking convenient healthy foods. Demand is also fueled by increasing interest in plant-based, low-sugar, high-protein, and additive-free snacks,…
Engineering, Procurement, and Construction Trends Driving Oil and Gas Industry Growth Worldwide
Engineering, Procurement, and Construction Trends Driving Oil and Gas Industry G …
Market Overview The global Oil and Gas EPC Market reached a size of USD 52.9 Billion in 2024 and is projected to grow to USD 76.7 Billion by 2033, with a CAGR of 4.2% during the forecast period of 2025-2033. The market growth is driven by rising global energy demand, adoption of advanced technologies, and stringent regulatory policies encouraging sustainable infrastructure development. Study Assumption Years Base Year: 2024 Historical Year/Period: 2019-2024 Forecast Year/Period: 2025-2033 Oil and…
India Auto Parts Aftermarket Size, Share, Growth, Trends, Demand and Industry Outlook 2025-2033
India Auto Parts Aftermarket Size, Share, Growth, Trends, Demand and Industry Ou …
As indicated in the latest market research report published by IMARC Group, titled "India Auto Parts Aftermarket Size, Share, Trends and Forecast by Type, Application, and Region, 2025-2033", the report presents a thorough review featuring the India auto parts aftermarket growth, share, trends, and research of the industry. Market Size & Future Growth Potential: The India auto parts aftermarket size reached USD 16.4 Billion in 2024. The market is projected to reach…
Mexico Factory Automation Market Size, Growth, Latest Trends and Forecast 2026-2034
Mexico Factory Automation Market Size, Growth, Latest Trends and Forecast 2026-2 …
IMARC Group has recently released a new research study titled "Mexico Factory Automation Market Size, Share, Trends and Forecast by Component, System Type, Industry Vertical, and Region, 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. Market Overview The Mexico factory automation market was valued at USD 3.8 Million in 2025 and is expected to reach USD…

All 5 Releases


More Releases for GRC

GRC Software Market Giants Spending Is Going to Boom | Wolters Kluwer, ACL GRC, …
The latest independent research document on Global GRC Software examine investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore its potential to become a major business disrupter. The GRC Software study eludes very useful reviews & strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile and strategies.…
GRC Platforms Software Market Will Generate Record Revenue by 2027 Covid-19 Anal …
This GRC Platforms Software market report focuses not only on producing estimates, but also on supplying facts that can help the company gain profit. Building a thorough strategy framework is critical for business's success, and it serves as a useful tool for industry participants, as this market study explains. This GRC Platforms Software market study further retains the aim of analyzing demand and consumption patterns, existing and forthcoming development possibilities,…
GRC Software Market 2020 SWOT Analysis by Players: IBM, SAP, ProcessGene, Oracle …
The Global GRC Software Market 2020 Market Research Report is a professional and in-depth study on the current state of the GRC Software industry. Industry Overview: Updated research report on GRC Software Market by ‘Market Growth Insight’ delivers pivotal information on the market including drivers, restraints, challenges, and opportunities. The GRC Software report is useful to business owners, manufacturers, distributors, suppliers, marketing personnel, strategists, and customers since it helps them to understand…
GRC Software Market is Booming Worldwide with Software AG, SAP GRC, LogicManager …
The Global GRC Software Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding…
GRC Software Market Driving Growth in Recent Year 2026| ProcessGene, Continuity …
GRC (governance, risk management and compliance) software allows publicly-held companies to integrate and manage IT operations that are subject to regulation. Such software typically combines applications that manage the core functions of GRC into a single integrated package. Global GRC Software Market is expected to Huge growth with a during forecast period 2020 to 2026. Platforms software helps businesses monitor performance and relationships to minimize financial, legal, and all other liabilities.…
GRC Software Market Size and Forecast 2019-2025- GRC (Governance, Risk Managemen …
Download Sample Study @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1915036 The Global GRC Software Industry Report 2019 is a professional and in-depth study on the current state of the GRC Software Market. Key #Companies Analysis- ProcessGene, Continuity Partner, SAI Global, Sevron Safety Solutions, IRM Security, LogicManager, ReadiNow, Impero, Aravo, Software AG, SAP GRC, ACL GRC, LogicGate, Thomson Reuters, ZenGRC, Fastpath, Cammsrisk Complete report on GRC Software market spread across 109 pages, profiling 17 companies and supported with…