Security News > 2021 > August > GRC solutions revenues to reach nearly $15.2 billion in 2025

A forecast from IDC shows global GRC revenues growing from $11.3 billion in 2020 to nearly $15.2 billion in 2025.

All categories of GRC solutions are expected to increase in revenues.

"The GRC market is positioned for significant growth as companies seek ways to automate and manage the complexities of expanding governance, risk, and compliance mandates. Understanding how businesses are consuming these solutions and their preferences for packaging and deploying services will help solution providers tailor offerings to meet market demand," said Amy Cravens, research manager, Governance, Risk, and Compliance at IDC. To better understand the current state of the enterprise GRC market, IDC recently surveyed more than 200 GRC users in the United States.

Enterprises with a higher number of GRC solutions tend to have a lower rate of integration across these solutions.

Most companies are striving to integrate their GRC solutions more fully but remain divided on the question of custom versus out-of-the-box solutions.

While nearly one third of respondents require GRC solutions to be deployed on premise, one half expect use of cloud-based solutions to increase over the next three years.

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