TMCnet News
ReportsnReports Reports Governance, Risk, and Compliance Platform Market Research [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) ReportsnReports.com added Global Governance, Risk, and Compliance Platform Market 2014 - 2018, a 68 pages new industry research report in its store. According to a company release, consolidation of the market is one of the upcoming trends. Mergers and acquisitions, strategic alliances, and partnerships are carried out to increase market share, gain new domain knowledge, enter new markets, reduce operational costs, enhance industry know-how, improve profitability, and access new clients, enabling companies to diversify their product portfolio by introducing new products for various industry verticals. They increase the market reach of products, increasing the top-line revenue. Analysts forecast the Global Governance, Risk, and Compliance Platform market to grow at a CAGR of 9.42 percent over the period 2013-2018. According to the report, the rigorous regulatory environment is one of the major drivers of the Global GRC Platform market. The increasing number of rules and regulations and the ever- tightening global business regulatory environment are forcing enterprises to turn to GRC platform-based solutions to reduce risk and improve the way they operate. Governance, risk, and compliance is an umbrella term used to cover the approach of an organization toward these three areas. Governance can be defined as the boundaries within which the business should operate. It focuses on providing definitions for the organization's code of conduct to ensure compliance. Risk management consists of developing strategies for tackling the risks to which organizations are exposed. Its framework involves identification, assessment, evaluation, and potential solutions for risks. Compliance focuses on adhering to external requirements such as wider corporate policies, laws, and regulations. The GRC solution enables organizations to reinvent themselves, develop a more economical cost structure, and increase overall efficiency. The Global GRC Platform market can be segmented into three on the basis of service: On-premise, SaaS, and Hosted. The report also discusses in detail the market landscape of these three segments, and the market landscape and growth prospects of the entire market in the coming years. The Global GRC Platform Market 2014-2018 report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers in detail the key leading vendors in the market and a quick understanding of other prominent vendors operating in this market. The Global Governance, Risk, and Compliance Platform Market report recognizes the following companies as the key players in the industry: EMC Corp., International Business Machines Corp., MetricStream Inc. and NASDAQ OMX Group Inc. Other Prominent Vendors in the market are: Cura Technologies, CMO Compliance, Enablon, Jade Software, MEGA International, Oracle, Provititi, Resolver, SAI Global Compliance, SAP, SAS Institute, Software, Sword Achiever and Thomson Reuters and Wolters Kluwer Financial Services. Further, the report states that a major challenge that the market faces is the fragmented approach to risk management. Generally, most companies carry out their business activities by utilizing a silo approach for the management of information available at different levels. This approach makes comparison of information available at various levels difficult or sometimes impossible, decreasing the possibility of aggregating data about risks. Key Questions Answered in this Report: What will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? ReportsnReports.com is an online market research reports library. ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |