The United States governance, risk and compliance platform market size reached USD 24.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 53.9 Billion by 2033, exhibiting a growth rate (CAGR) of 8.65% 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 24.6 Billion |
Market Forecast in 2033
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USD 53.9 Billion |
Market Growth Rate (2025-2033) | 8.65% |
Governance, risk and compliance (GRC) refer to a platform that facilitates a company to coordinate strategy and manage its corporate governance, enterprise risk management (ERM), and corporate compliance regarding regulatory requirements. It provides better decision making, accurate IT investments, exclusion of silos, and reduced fragmentation in various departments. GRC can be established through an on-premises solution and cloud-based services, which offer various solutions like audit, risk, and compliance management for small companies as well as international companies.
The United States GRC market is primarily driven by the extensive use of GRC solutions in various enterprises to facilitate performance enhancement measures. Several financial service providers across the country are adopting integrated data platforms that streamline their internal and external data sources and assist in collecting useful insights on customers. They are also using GRC platforms to handle risks related to credit cards and fraud detection. Moreover, with the global outbreak of the coronavirus disease (COVID-19), the working patterns of the corporate sector have been affected due to which most of the organizations across the country are opting for remote working policies. This has led to the widespread utilization of GRC solutions by businesses, as these solutions can offer a detailed understanding of the prevailing market scenarios to assist organizations in achieving a strong market position and taking calculated risks.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States governance, risk and compliance platform market report, along with forecasts at the country level 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 Region:
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 | Billion USD |
Segment Coverage | Deployment Model, Solution, Component, Service, End User, Vertical, Region |
Region Covered | Northeast, Midwest, South, West |
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) |
The United States governance, risk and compliance platform market was valued at USD 24.6 Billion in 2024.
We expect the United States governance, risk and compliance platform market to exhibit a CAGR of 8.65% during 2025-2033.
The rising deployment of governance, risk and compliance platform as it provides better decision making, accurate IT investments, exclusion of silos, reduced fragmentation in various departments, etc., is primarily driving the United States governance, risk and compliance platform market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of governance, risk and compliance platforms across numerous organizations to reduce complexities for supervisors, during the remote working scenario.
Based on the deployment model, the United States governance, risk and compliance platform market has been categorized into on-premises and cloud. Currently, cloud holds the largest market share.
Based on the end user, the United States governance, risk and compliance platform market can be bifurcated into small enterprise, medium enterprise, and large enterprise. Among these, large enterprise currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into Northeast, Midwest, South, and West.