Worldwide Governance, Risk, and Compliance Software Market Shares, 2020: Strong Enterprise Adoption to Offset Market Uncertainty

Worldwide Governance, Risk, and Compliance Software Market Shares, 2020: Strong Enterprise Adoption to Offset Market Uncertainty

This IDC study discusses the worldwide market shares of the leading vendors in the governance, risk, and compliance (GRC) software market for 2020."While the pandemic was initially expected to negatively impact GRC infrastructure revenue, the past year has highlighted the need for a structured approach to governance, risk, and compliance, resulting in a banner revenue year for GRC vendors. The risk landscape continues to incorporate nontraditional risk areas," according to Amy Cravens, research manager, IDC's Governance, Risk, and Compliance Infrastructure research program. "A holistic approach to GRC is becoming increasingly important as companies grapple with managing a widening web of interrelated risk and compliance areas, with a particular focus on privacy, third party, and ESG/corporate responsibility."

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