GRC is the ecosystem of software and technology products that enable enhanced risk management, regulatory compliance and corporate governance. We believe the maturation and adoption of the GRC category broadly is still in the relatively early innings, and expect technology solutions to become an increasingly important element of organizational controls.
New, strict governmental regulations across all key sectors are expected to continue to increase, making GRC requirements more onerous, with higher potential downside for non-compliance
Demand for robust governance, risk, and compliance processes has increased substantially following the rising number of cyber attacks across end markets and subsequent media coverage
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The overall GRC market provides an opportunity to invest in a stable, growing market with opportunity to take market share from legacy, services-oriented incumbents that are inadequately handling the growing complexities facing large, regulated companies
More regulated industries, such as utilities, healthcare, and financial services typically place greater emphasis on strong risk management infrastructure, driving the need for sophisticated GRC software with enhanced compliance and reporting
Organizations or industries that have a pattern of risk-issues and may have faced significant impact to the business as a result of prior approaches, typically invest in more sophisticated GRC software with strong alerts and defensive features
Typically, larger organizations have complex risk management approaches, given the significant number of constituents, stakeholders and corresponding sources of risk, which drives the need for an integrated GRC system
