GRC Tools Statistics 2024
– Everything You Need to Know


At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Grc Tools Statistics 2023: Facts about Grc Tools outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Grc Tools, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Grc Tools Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Grc Tools Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 12 Grc Tools Statistics on this page 🙂

GRC Tools “Latest” Statistics

  • 44% of businesses want to update or increase their current use of GRC or risk management software.[1]
  • Increasing the accuracy, timeliness, and availability of risk data by 79% and increasing risk information infrastructure and technology systems by 68%.[1]
  • Collaboration between the risk management function and business units is 66%.[1]
  • Managing rising regulatory expectations and needs (61%), while creating and implementing a risk culture throughout the organization (55%).[1]
  • More than 50% maintain their business continuity strategies, and 51.75% of firms employ internal or ad hoc tools and techniques such as spreadsheets and documentation.[1]
  • According to COBIT Maturity Level Standards, only 27% of firms rate their BC program maturity as a 4 or 5 measured or optimized out of 5.[1]
  • 40% of firms now use specialized business continuity planning software, which is crucial for complex organizations, especially those with few employees, and given the rising significance of bc to corporate operations and strategy.[1]
  • Deloitte estimates that 85% of the firms it surveyed agreed that integrating and simplifying the use of technology for governance risk and compliance processes would be beneficial.[2]
  • Approximately 80% of the businesses questioned said that their current technology was unable to adequately adapt to the quick pace of risk management.[3]
  • According to Grand View Research, the worldwide business governance risk and compliance market is anticipated to reach 64.62 billion by 2025, partly driven by this requirement for integration.[3]
  • Only 30% of businesses who have implemented GRC have opted for on-premise installations, compared to almost 50% who have selected saas solutions.[3]
  • Despite worries about a market slump brought on by the Covid-19 pandemic, GRC software had excellent growth in 2020, increasing by 82% year over year.[4]

Also Read

Reference


  1. quantivate – https://quantivate.com/grc-risk-compliance-statistics/
  2. thedigitalprojectmanager – https://thedigitalprojectmanager.com/tools/grc-tools/
  3. diligent – https://www.diligent.com/en-gb/blog/grc-solutions-and-modern-governance-tools/
  4. idc – https://www.idc.com/getdoc.jsp?containerId=prUS48171921

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

Leave a Comment