GRC MARKET GROWING
Citing an increased focus on corporate governance and enterprise risk management, Forrester Research, Cambridge, Mass., has combined governance, risk, and compliance (GRC) software into one area of study.
The GRC software platform market has grown from $85 million in 2002 to $590 million today, says Forrester, which projects that it will expand to $1.3 billion by 2011. Today's GRC software platform market is fragmented and includes 64 vendors - it's ripe both for further specialization of products and consolidation of small vendors, notes