target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: Market Forecast - Doc Document number: # US51939824
Worldwide Security Governance, Risk, and Compliance Managed Services Forecast, 2024–2028
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Abstract
This IDC study presents a five-year forecast and contains IDC's best estimate for the governance, risk, and compliance managed services market for the 2023–2028 period. In addition, this study discusses the drivers and dynamics that had an impact on the global security governance, risk, and compliance professional managed services market in 2022 and provides insight into future trends that may influence market demand over the 2023–2028 period.
"GRC managed services market is newly represented this year and will continue to progress forward as organizations are unable to hire enough skilled professionals," says Phil Harris, research director, Governance, Risk, and Compliance, IDC. "Both IT and the business are having to deal with enhancing their GRC programs given the rapid changes in government regulations, the potential disruptions to the viability of their organizations, and need to continue to prioritize cybersecurity as a mandate and keep senior management and the board informed as to the status of the program. While the overall cybersecurity GRC market has experienced strong growth over the past several years and while budgets are tightening, organizations may accelerate their investments in managed GRC."