Executive Summary (This is a document excerpt)

Organizations confront a complex web of compliance mandates and enterprise risks. Historically, they have treated their risks and compliance initiatives as independent silos that they scatter across distributed business operations around the globe. With increased focus on corporate governance and enterprise risk management, firms need governance, risk, and compliance (GRC) software platforms to drive sustainability, efficiency, and consistency in managing enterprise risk and compliance. The GRC software platform market has grown from $85 million in 2002 to $590 million today, and Forrester projects that it will expand to $1.3 billion by 2011. Today, the GRC software platform market is fragmented and includes 64 vendors — thus, it's ripe both for further specialization of products and consolidation of small vendors.

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