Technavio Announces the Publication of its Research Report Global GRC Platform Market 2017-2021
Technavio recognizes the following companies as the key players in the global GRC platform market: CMO Software, Dell, IBM, MetricStream, and NASDAQ BWise
Other Prominent Vendors in the market are: heck Point Software Technologies, Enablon, LogicManager, MEGA International, NAVEX Global, Oracle, Protiviti, Rsam, SAI Global, SAP, SAS, Software AG, and Thomson Reuters
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Commenting on the report, an analyst from Technavios team said: e-Discovery software facilitates identifying, compiling, storing, and securing of ESI such as email, files, and other data. It ensures compliance with data and common-law amendments regarding the discovery of digital information. These demands can be addressed with regulatory oversight, civil or criminal litigation, or administrative proceedings.
According to the report, GRC policies include business and jurisdictional requirements that control the use of sensitive information. Policies constantly change due to new business requirements, increasing costs, and regulatory demands. Cloud centralizes all GRC policies across information sources such as databases and data warehouses, desktops and shared services, email systems, enterprise content management systems, and cloud-based applications, thereby creating a single policy engine. Thus, policy update or enforcement is centrally done without disrupting the regular business operations at reduced costs.
Further, the report states that business data is very sensitive, thus, data security concerns have always been an issue for organizations. To use cloud technologies, the service provider is given some of the access control to company’s business data. Although cloud service providers guarantee best security standards and industry certifications; storing data and important files with an external service provider always make the data vulnerable to risks. The cloud is a public service, thus, more prone to security because anything that can be easily accessed from outside premises has chances of being attacked.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About GRC Platforms
Governance, risk, and compliance constitute three essential dimensions for an organization as they assist in addressing the business objectives. The management of a company implements structural policies and reforms to ensure corporate governance in an organization. The risk management policies identify and manage different risks, including operational risks, financial risks, and fraud. Compliance encompasses policies, procedures, and adherence to rules and regulations framed by regulatory bodies in a given region.
Technavios analysts forecast the global GRC platform market to grow at a CAGR of 13.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global GRC platform market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of GRC platform worldwide.
The market is divided into the following segments based on geography:
Technavio’s report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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