Learn about the global governance, compliance and risk management software market through The Business Research Company, which provides information on governance, compliance and risk management software market size, governance, compliance and risk management software market drivers and restraints, governance, compliance and risk management software market players, the COVID-19 impact on the governance, compliance and risk management software market, and more.

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The global governance, compliance and risk management software market size is expected to grow from $33.74 billion in 2021 to $38.44 billion in 2022 at a compound annual growth rate (CAGR) of 13.9%. The change in the GRC software market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The governance, compliance and risk management software market is expected to reach $63.59 billion in 2026 at a CAGR of 13.4%.

The rising use of cloud-based networking is expected to drive innovation in governance, compliance and risk management software manufacturing, thus driving the market during the forecast period.

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The governance, compliance and risk management software market consists of sales of software tools by entities (organizations, sole traders, and partnerships) that automate the processes of identifying risks, adhering to regulations, and developing company policies, lowering costs, and expanding business potential. Governance, compliance, and risk management software (GRC software) is used by risk managers, accounts officers, and auditors to simplify their activities in an organization. GRC software deals with audit management, internal policy management, compliance management, risk and incidence management, and information security management.

Global Governance, Compliance And Risk Management Software Market Segments Include:

By Component: Software, Services

By Deployment: On-Premises, Cloud, Hybrid

By Enterprise Type: Small And Medium Enterprise (SME), Large Enterprise 

By Industry Vertical: BFSI, Construction And Engineering, Energy And Utilities, Government, Healthcare, Manufacturing, Retail And Consumer Goods, Telecom And IT, Transportation And Logistics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the governance, compliance and risk management software market in 2021.

Automation of GRC programs through specialized software applications is shaping the governance, compliance and risk management software market. GRC software assists firms in managing all of the relevant documentation and processes to ensure optimal productivity and preparation.

TBRC’s governance, compliance and risk management software market report covers:

Major Market Players: IBM, Dell Technologies, SAP SE, Oracle Corporation, Software AG, LogicManager, Riskonnect Inc., Galvanize Inc., SAI Global, MetricStream, Sword GRC, Check Point Software Technologies, MEGA International, Resolver Inc., Lockpath, ProcessGene, ReadiNow, LogicGate, Microsoft Corporation, RSA Security LLC, and BWise BV.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Governance, Compliance And Risk Management Software Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides governance, compliance and risk management software market overviews, analyses and forecasts market size, share, governance, compliance and risk management software market players, governance, compliance and risk management software market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s governance, compliance and risk management software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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