Market Size And Forecast: Governance, Risk And Compliance Software 2023-2029 (Global)
20 Dec, 2024
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Executive Summary
This report helps risk management professionals better understand the current state and future developments of the governance, risk and compliance (GRC) software market. The Verdantix market size and forecast model incorporates analysis of different market drivers, survey data, and disclosed and calculated revenue information, to forecast the market’s growth by region and industry. Verdantix research finds that the overall GRC software market was worth more than $4.98 billion in 2023 and will grow to nearly $9.08 billion in 2029, at a CAGR of 11%.
Summary for decision-makers
The GRC software market will almost double by 2029
Market size data reflect revenues and trends from GRC software vendors
The GRC software market was worth $4.98 billion in 2023
Global regulations and risk complexity accelerate demand for GRC software
Increased risk exposure drives firms to seek solutions for enterprise resiliency and operational efficiency
The GRC software market will reach over $9 billion in 2029
The GRC software market will almost double by 2029
Market size data reflect revenues and trends from GRC software vendors
The GRC software market was worth $4.98 billion in 2023
Global regulations and risk complexity accelerate demand for GRC software
Increased risk exposure drives firms to seek solutions for enterprise resiliency and operational efficiency
The GRC software market will reach over $9 billion in 2029
Figure 1. Geographic breakdown: core countries in six regions
Figure 2. Industries categorized by risk level
Figure 3. Verdantix market size and forecast methodology
Figure 4. GRC software market by region: 2023
Figure 5. GRC software market by industry: 2023
Figure 6. GRC software market by region: 2023-2029
Figure 7. GRC software market by industry: 2023-2029
Figure 2. Industries categorized by risk level
Figure 3. Verdantix market size and forecast methodology
Figure 4. GRC software market by region: 2023
Figure 5. GRC software market by industry: 2023
Figure 6. GRC software market by region: 2023-2029
Figure 7. GRC software market by industry: 2023-2029
About the Authors
Katelyn Johnson
Senior Manager
Katelyn is a Senior Manager at Verdantix, specializing in enterprise risk management and external risk and resilience. She helps executives navigate today’s evolving ris…
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Christine O'Donnell
Senior Analyst
Christine is a Senior Analyst at Verdantix, where she provides research-driven insights to help corporate leaders and technology vendors navigate the evolving third-party risk…
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