The Governance, Compliance And Risk Management Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Governance, Compliance And Risk Management Software Market?
The market size for governance, compliance, and risk management software has experienced quick expansion recently. From 2024 to 2025, it is expected to increase from $46.02 billion to $51.09 billion, demonstrating a compound annual growth rate (CAGR) of 11.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Governance, Compliance And Risk Management Software Industry?
The Governance, Compliance and Risk Management Software market is projected to reach $88.46 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.7%.
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What are the Key Growth Drivers Fueling the Governance, Compliance And Risk Management Software Market?
The key drivers in the governance, compliance and risk management software market are:
• Evolving regulatory landscape
• Increase in cybersecurity threats
• Focus on environmental, social, and governance (ESG) practices
• Progressing digital transformation initiatives
Global Market Segmentation: Identifying Major Governance, Compliance And Risk Management Software Industry Segments
The governance, compliance and risk management software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premises, Cloud, Hybrid
3) By Enterprise Type: Small And Medium Enterprise (SME), Large Enterprise
4) By Industry Vertical: BFSI, Construction And Engineering, Energy And Utilities, Government, Healthcare, Manufacturing, Retail And Consumer Goods, Telecom And IT, Transportation And Logistics, Other Industry Verticals
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What are the Emerging Trends Shaping the Future of the Governance, Compliance And Risk Management Software Market?
The key trends in the governance, compliance and risk management software market are:
• In the future, the market will see a growth in automated monitoring of third-party risks.
• Data privacy and protection solutions are expected to become a significant trend.
• There will be a shift towards continuous monitoring and real-time reporting.
• The development of user-friendly and intuitive interfaces is becoming an emerging trend.
Who Are the Top Competitors & Leading Players in the Governance, Compliance And Risk Management Software Market?
Major companies in the governance, compliance and risk management software market are:
• International Business Machines
• Oracle Corporation
• SAP SE
• ServiceNow Inc.
• NICE Ltd.
• Software AG
• Workiva Inc.
• OneTrust LLC
• NAVEX Global Inc.
• MetricStream
• Microsoft Corporation
• MEGA International
• SAI Global
• Riskonnect Inc.
• Galvanize Inc.
• Lockpath Inc.
• Resolver Inc.
• LogicGate Inc.
• Quantivate LLC
• ProcessUnity Inc.
• ReadiNow Corporation
• ProcessGene Ltd.
• LogicManager
• Sword GRC
• ZenGRC
• Convercent Inc.
• Cura Software Solutions
• Ideagen Plc
• MasterControl Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the governance, compliance and risk management software market in 2024
