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.
Frequently Asked Questions:
Based on segmentation by deployment, which is the leading segment in the market? The on-premise segment will be the leading segment in the market.
What are the major trends in the market? The emergence of social media governance is one of the major trends in the market.
How big will be the share of North America in market growth during the forecast period? 42% of the market's growth will originate from North America during the forecast period.
What is the year-over-year growth rate of the market in 2021? In 2021, the year-over-year growth rate of the market is 11.92%.
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
Governance Risk and Compliance Platform Market Size
Governance Risk and Compliance Platform Market Trends
Governance Risk and Compliance Platform Market Industry Analysis
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.
Governance Risk and Compliance Platform Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist governance risk and compliance platform market growth during the next five years
Estimation of the governance risk and compliance platform market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the governance risk and compliance platform market across North America, Europe, APAC, South America, and MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of governance risk and compliance platform market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Deployment
Comparison by Deployment
On-premise - Market size and forecast 2020-2025
Cloud-based - Market size and forecast 2020-2025
Market opportunity by Deployment
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
International Business Machines Corp.
Mitratech Holdings Inc.
NAVEX Global Inc.
SAI Global Pty. Ltd.
SAS Institute Inc.
Thomson Reuters Corp.
Wolters Kluwer NV
Scope of the report
Currency conversion rates for US$
List of abbreviations
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