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Risk Management Market to Garner $28 87 Bn, Globally, by 2027 at 18 7% CAGR: Allied Market Research
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Risk Management Market to Garner $28 87 Bn, Globally, by 2027 at 18 7% CAGR: Allied Market Research
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ALBANY, N.Y., March 11, 2021 /PRNewswire/ Today, organizations of all sizes big and small have well recognized the importance of governance, risk, and compliance to reliably achieve business objectives, address uncertainty, and at the same time stay coherent. Commonly referred to as GRC in business terminology, the acronym was invented by the OCEG, originally called the Open Compliance and Ethics Group.
Importantly, before coining of the term GRC, organizations have practiced governance, and managed risk, and compliance for a long time, albeit non-directional. However, many organizations have not approached these activities in a mature way, nor have the various elements of organizations supported each other to enhance the reliability in order to achieve organizational objectives.
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Risk Management Software Market is expected to reach USD 29.07 billion by 2027 witnessing market growth at a rate of 9.25% in the forecast period of 2020 to 2027. Global Risk Management Software Market By Type (Web, Android Native, iOS Native, Other), Service (Managed Service, Professional Service), Deployment (On- Premises, Cloud), End- User (Banking, Insurance, Asset Management, Energy & Utilities, Educational Institutions, Healthcare, Telecom, Information Technology, Oil & Gas, Retail, Life Sciences), Types of Software (Enterprise Risk Management Software, Financial Risk Management Software, Integrated Risk Management Software, Application Risk Management Software, Market Risk Management Software, Credit Risk Management Software, Information Technology Risk Management Software, Quantitative Risk Management Software, Project Risk Management Software),Industry Trends and Forecast to 2027.
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