target audience: TECH BUYER Publication date: May 2024 - Document type: IDC PlanScape - Doc Document number: # US52071823
IDC PlanScape: Cybersecurity Governance, Risk, and Compliance Software
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Abstract
This IDC PlanScape discusses the importance of governance, risk, and compliance (GRC) software.
"GRC software continues to be a top investment area for organizations," says Phil Harris, research director, Governance, Risk, and Compliance, IDC. "Both IT and the business are gaining clarity about the ever-changing threat landscape and critical impact to the viability of their organizations. Organizations see the need to continue to prioritize cybersecurity as a mandate and keep senior management and the board informed as to the status of the program. The overall cybersecurity GRC market has experienced strong growth over the past several years and while budgets are tightening, organizations continue to see value in these services and solutions as evidenced by continued investment. CISOs must step up their game in executive and board settings to engage them in constructive dialog that has executives and board members become contributors to risk decisioning and guide the direction of cybersecurity rather than passively participating."