Outsell has published a report on the global Governance, Risk and Compliance market (GRC). Outsell estimates the size of the worldwide GRC market, in 2010 revenues, is $18.5 billion and grew 6.6% in 2010. Outsell expects 2011 growth to be in the range of 7% to 9%. The report lists companies like LexisNexis, Thomson Reuters, Wolters Kluwer, D&B, Equifax and Experian.
The GRC market is a fragmented and ill-defined space. It straddles the information, software, and professional services industries. Within Outsell’s coverage of information players, it includes companies from multiple sectors: Legal, Tax & Regulatory; Credit & Financial; and Scientific, Technical, & Medical Information. It includes companies that provide horizontal GRC solutions that fit companies in any industry, but it also includes dozens of players that are narrowly industry-specific. It includes companies that approach risk from a legal and regulatory perspective, but also companies that approach legal and regulatory matters from a risk perspective.
Outsell sees an ongoing movement toward convergence in this messy space, which raises the questions: How big is it? Who are the players? How well is it integrating and converging? Where is it headed?
The report can be purchased by contacting Outsellinc.com/store