Reflecting on 2024 and Looking Ahead to 2025: Key Trends and Insights in the GRC Market

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Welcome merry Christmas and happy new year in 2025,Silhouette Man jumping from 2024 cliff to 2025 cliff with cloud sky and sunlight.

As 2024 comes to a close, it’s been a year of significant activity and transformation in the Governance, Risk Management, and Compliance (GRC) space. This year marked another milestone in GRC 20/20’s journey, with a record number of engagements, RFP support and guidance to buyers, research inquiries, and strategic advisory sessions across the globe. With extensive travels to key markets such as the Europe, North America, Middle East, and Asia, I’ve had the opportunity to observe firsthand the evolving dynamics of the GRC market and provide insights into the challenges and opportunities organizations face in their pursuit of effective GRC strategies.

The GRC market continues to expand in complexity and scope, with a mix of broad enterprise platforms and specialized best-of-breed solutions addressing specific needs. GRC 20/20 tracks over 300 solution providers in the market from the broad platform to the very focused risk/compliance solution. In 2024 alone, we actively engaged with 57 of these providers through deep-dive research and advisory, while maintaining periodic interactions with the broader market to stay abreast of key developments. Our research efforts supported over inquiries from organizations seeking guidance on GRC solutions, solution briefings/evaluations, and strategy development. The market across Europe is the strongest, the Middle East remains the fastest-growing market for GRC solutions and services, and the North America market is growing at a slower pace.

It is a fast-moving market with a lot of momentum, but also a lot of nuances and niches. In 2023, GRC 20/20 answered between 10 and 20 inquiry/research questions from organizations asking about and looking for solutions every week. This accounted for over 750 interactions in 2024. These come in via email, text, LinkedIn messages, and more. Most are simple responses to questions; others go deeper. In 2024, there were 94 RFPs that GRC 20/20 provided insight and direction into. Some very deeply, many simply perspective and guidance on who to evaluate or thoughts of strengths and weaknesses not he finalists.

Looking ahead to 2025, GRC 20/20’s core research themes will focus on areas critical to organizations striving to achieve resilience, efficiency, and compliance in an evolving regulatory and operational landscape. These themes include:

  • Business Integrated GRC, emphasizing the alignment of GRC with strategic business objectives; 
  • Integrated Risk & Resilience Management, which explores how organizations can strengthen their adaptability in the face of uncertainty;
  • Compliance Management & RegTech, addressing the role of technology in streamlining regulatory compliance and change;
  • Third-Party GRC Management remains a high-priority area, as organizations seek more comprehensive and proactive approaches to managing vendor and supplier risks.
  • ESG Management initiatives, particularly related to EU CSRD and CSDDD, continue to be a driving force in the market, pushing organizations to enhance transparency and accountability in their operations. 
  • Artificial Intelligence in terms of its application in GRC (Cognitive GRC) and the governance of AI itself (AI GRC). As organizations increasingly leverage AI to enhance GRC processes, ensuring ethical and effective governance of these technologies will be a significant challenge in the coming year.

As we move into 2025, I look forward to continuing the journey with GRC professionals worldwide, providing objective insights and research to help organizations navigate the complexities of the GRC market. Stay connected with GRC 20/20 for ongoing updates and analysis, and as always, feel free to reach out with inquiries related to governance, risk management, and compliance strategies and solutions.

Below is a summary of the research blogs and papers that GRC 20/20 has published throughout 2024, organized by topic area . . .

Enterprise GRC Management

Research Reports
Blogs

Risk & Resilience Management

Research Reports
Blogs

Corporate Compliance & Ethics Management (RegTech)

Research Reports
Blogs

Third-Party GRC Management

Research Reports
Blogs

ESG – Environmental, Social, Governance

Research Reports
Blogs

Artificial Intelligence GRC

Research Reports
Blogs

Policy Management

Blogs

IT GRC (Digital Risk & Resilience) Management

Research Reports
Blogs

Internal & Automated Control Management

Research Reports

Blogs

Audit Management & Analytics

Blogs

Data GRC Management

Research Reports

Blogs

Identity GRC Management

Research Reports

Do not forget . . .

Follow GRC 20/20 on LinkedIn.

As always, you can ask GRC 20/20 Research questions in the context of governance, risk management, and compliance strategies and processes, as well as solutions available in the market we cover in our objective market research through the inquiry process. Every week GRC 20/20 is answering inquiries from organizations looking for advice on solutions and services to engage as they navigate the hundreds of solutions available in the GRC market . . . 

ASK INQUIRY

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