Title: Governance, Compliance and Risk Software Market - Forecast(2021 - 2026)
1Governance, Compliance and Risk Software Market -
Forecast(2021 - 2026)Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- The Global Governance, Compliance and Risk
Software Market is estimated to reach 52.5
billion by 2025, growing at a CAGR of 12.8 from
2020 to 2025. The governance, compliance and risk
software also known as GRC software is an
application that establishes enterprise policies
by streamlining the process of assessing risks
thereby increasing opportunities and reducing
costs and business complexities for business
improvement. - In IT firms risks associated with the use,
ownership, operation, involvement, influence and
adoption of IT are mitigated by using governance,
compliance and risk software.
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Key Takeaways
- Rise in cyber threats, data thefts, risks and
audit security in an organization along with wide
adoption of GRC software to reduce business
complexities and manage cyber threats, data
thefts are driving the growth of the market. - Cloud based deployment is dominating the market
owing to its cost effectiveness and upsurge in
cloud deployment by most of the end users
globally.
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- By Distribution Channel- Segment Analysis
- By deployment Governance, Compliance and Risk
Software Market is segmented into On-premises and
cloud based and Hybrid. Cloud GRC software is
witnessing a significant growth in the market.
The cloud based GRC software allows management of
IT operations and integration in a cost effective
way as compared to the hybrid and on premises
deployment. By End Users the market is segmented
into IT and Telecommunication, BFSI, Retail,
Healthcare, Government, Energy and Utilities,
Manufacturing, Transportation and Logistics and
OthersGlobal Governance, Compliance and Risk
Software Market is dominated by APAC region with
a market share of 34.6 in 2019.
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- Governance, Compliance and Risk Software Market
Industry Outlook - IBM Corporation
- Microsoft Corporation
- SAP SE, Lockpath Inc.
- SAS Institute Inc.
- Metric Steam Inc.
- LogicManager Inc.
- Oracle Corporation
- RSA Security LLC
- Thomson Reuters.
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Governance, Compliance and Risk Software Market
- Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/186
37/governance-compliance-and-risk-software-market.
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