TechNavio today launched its report Global Governance, Risk and Compliance Platform Market 2012-2016 based on an in-depth analysis covering the Americas, the EMEA region, and the APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s IT Services team said: ”Generally, most companies carry out their business activities by utilizing a silo approach, which results in a lack of collaboration and standardization between business units for the management of information available at different levels. This approach makes the comparison of information available at various levels very difficult or sometimes impossible, which decreases the possibility of aggregating data about risk. As a result, companies are not able to understand or gain knowledge of risks from an enterprise-wide perspective. Therefore in order to overcome such shortcomings, companies have started to adopt an enterprise-wide approach which provides a wide-ranging view of risks. Such a holistic approach allows the firm to be strategically more proactive about understanding overall business operations and risks involved. Changes across an enterprise can be implemented through the utilization of technology to track and monitor business performance, which leads to cost savings and an improved bottom line.”
According to the report, the Global GRC Platform market is witnessing increased innovations and market consolidation, which is leading toward its development. Organizations are increasingly expecting greater ROI from the adoption of GRC solutions as well as ease of use and reduced overhead.
Further, the report states that a fragmented approach to risk management creates a false sense of security and hence firms lose insights into everyday business situations in terms of the risks involved. This is one of the major challenges in the market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are EMC Corp., IBM Corp., MetricStream Inc., and NASDAQ OMZ Group Inc.
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. For further information on this report, please visit https://www.technavio.com/content/global-governance-risk-and-compliance-p…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our IT Services market research, please visit https://www.technavio.com/it-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Governance, Risk and Compliance Platform Market 2012-2016
