NEW YORK, Sept. 17, 2021 /PRNewswire/ -- Technavio has been monitoring the governance risk and compliance platform market, which is poised to grow by $ 26.34 bn during 2021-2025, progressing at a CAGR of over 13.36% during the forecast period.
NEW YORK, Sept. 17, 2021 /PRNewswire/ -- Technavio has been monitoring the governance risk and compliance platform market, which is poised to grow by $ 26.34 bn during 2021-2025, progressing at a CAGR of over 13.36% during the forecast period.
Impact of COVID-19
The governance risk and compliance platform market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to grow in 2021 when compared to 2020.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. In a bid to help players strengthen their market foothold, this governance risk and compliance platform market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. International Business Machines Corp., Microsoft Corp., Mitratech Holdings Inc., NAVEX Global Inc., Oracle Corp., SAI Global Pty. Ltd., SAP SE, SAS Institute Inc., Thomson Reuters Corp., and Wolters Kluwer NV are some of the major market participants.
Although the quick and easy deployment of GRC policies, increased need to comply with regulatory requirements, and exponential growth in corporate data will offer immense growth opportunities, increasing data security concerns are likely to pose a challenge for the market vendors.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct and indirect COVID-19-related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Governance Risk and Compliance Platform Market 2021-2025: Segmentation
Governance Risk and Compliance Platform Market is segmented as below:
Governance Risk and Compliance Platform Market 2021-2025: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The governance risk and compliance platform market report covers the following areas:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Governance Risk and Compliance Platform Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Deployment
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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