Enterprise Governance, Risk and Compliance Market to Reach USD 138.47 Billion by 2031

The Enterprise Governance, Risk, and Compliance (GRC) Market was valued at USD 45.37 billion in 2022 and is expected to grow significantly, reaching USD 138.47 billion by 2031, at a compound annual growth rate (CAGR) of 13.2% during the forecast period from 2023 to 2031. This growth reflects the increasing importance of governance, risk management, and compliance in the face of evolving regulatory landscapes, technological advancements, and the need for organizations to manage risks effectively across various sectors.