Market Overview:
The Europe governance, risk and compliance platform market size reached US$ 13,823.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 26,435.6 Million by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 13,823.0 Million |
Market Forecast in 2032
|
US$ 26,435.6 Million |
Market Growth Rate (2024-2032) |
7.2% |
Governance, risk and compliance (GRC) cover areas of corporate governance, enterprise risk management, and corporate compliance. The GRC platform improves decision-making and reduces fragmentation among various divisions and departments. It also uses a single framework for monitoring and enforcing rules that facilitates managing risk, minimizes the complexity for managers, and eliminates the cost of multiple installations.
Europe represents the second largest GRC market across the world. The market is primarily driven by the implementation of strict legislation, like the European Union Data Protection Act (1995). Besides this, the latest version of the law adopted in 2016, outlines guidelines for companies operating in the region to implement data security measures and ensure transparency and accountability. Additionally, the changing regulatory and market environment has enabled enterprises in the UK, Germany, and France to shift toward the implementation of GRC solutions. Most of the enterprises in these countries follow the safety standards of Network Information Service and General Data Protection Regulation for information and data security. Moreover, the outbreak of the coronavirus disease (COVID-19) has affected the working patterns of businesses, encouraging them to opt for remote working policies. This has propelled the utilization of GRC solutions by corporate organizations as they help provide a detailed understanding of the prevailing market scenario that can help the end user to take calculated risks and achieve a strong market position.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe governance, risk and compliance platform market, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on deployment model, solution, component, service, end user and vertical.
Breakup by Deployment Model:
Breakup by Solution:
- Audit Management
- Risk Management
- Policy Management
- Compliance Management
- Others
Breakup by Component:
Breakup by Service:
- Integration
- Consulting
- Support
Breakup by End User:
- Small Enterprise
- Medium Enterprise
- Large Enterprise
Breakup by Vertical:
- BFSI
- Construction and Engineering
- Energy and Utilities
- Government
- Healthcare
- Manufacturing
- Retail and Consumer Goods
- Telecom and IT
- Transportation and Logistics
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Deployment Model, Solution, Component, Service, End User, Vertical, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe governance, risk and compliance platform market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe governance, risk and compliance platform market?
- What are the key regional markets?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe governance, risk and compliance platform market and who are the key players?
- What is the degree of competition in the industry?