How Big is the GRC Industry Market | Growth & Trends 2031

Q: How big is the GRC industry market?

The GRC industry market was estimated at USD 52.98 billion in 2024 and is expected to reach USD 106 billion by 2031.

Q: What is the growth rate of the GRC industry market?

The GRC industry market is expected to grow at a CAGR of 10.20% during 2025–2031.

Q: What challenges affect the growth of the GRC industry market?

Challenges include high implementation costs, fragmented data systems, and low GRC maturity in SMEs.

Q: Who are the top players in the GRC industry market?

Top players include MetricStream, IBM, SAP, NAVEX Global, and ServiceNow.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA7033

Publication Date: Aug 2025

What is the size of GRC Industry Market?

According to 6Wresearch internal database and industry insights, the GRC Industry Market was estimated at USD 52.98 billion in 2024 and is expected to reach USD 106 billion by 2031, growing at a CAGR of 11.10% during the forecast period 2025–2031.

Due to several growth factors including the rising regulatory complexities, cybersecurity threats, and the growing need for integrated risk management across enterprises, the GRC industry market is predicted for robust growth in the coming years.

Key Growth Drivers of the GRC Industry Market

Increasing regulatory pressures across financial, healthcare, and energy sectors
Rising number of cyber threats and data privacy regulations like GDPR and CCPA
Growing adoption of cloud-based GRC platforms and automation tools
Integration of GRC with enterprise risk and performance management systems
Need for real-time compliance monitoring and audit-ready reporting

GRC Industry Market Trends

GRC industry market is undergoing for transformation with robust trends like the integration of AI and analytics for risk prediction and compliance tracking. Other trends such as organizations are shifting from siloed to centralized GRC platforms. The demand for continuous control monitoring and policy management tools is rising with the time. ESG (environmental, social, governance) compliance is becoming a core part of GRC initiatives. Further, the mobile-enabled GRC tools and dashboards are growing in popularity.

Emerging Developments in the GRC Industry Market

GRC industry market is developing with the time as the innovation is occurring in predictive analytics for proactive risk management. Also, the vendors are offering low-code platforms for configurable GRC modules. Further, solutions with real-time alerts and cross-functional compliance are gaining traction. Cloud-native GRC solutions are being adopted for scalability and remote access. Another trend is the integration of GRC with cybersecurity frameworks and third-party risk management.