The Europe governance, risk and compliance platform market size reached USD 14,824.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 27,823.4 Million by 2033, exhibiting a growth rate (CAGR) of 6.88% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 14,824.6 Million |
Market Forecast in 2033
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USD 27,823.4 Million |
Market Growth Rate (2025-2033) | 6.88% |
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.
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 2025-2033. Our report has categorized the market based on deployment model, solution, component, service, end user and vertical.
Breakup by Deployment Model:
Breakup by Solution:
Breakup by Component:
Breakup by Service:
Breakup by End User:
Breakup by Vertical:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
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 |
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: