TechNavio's analysts forecast the Global Governance, Risk and Compliance Platform market to grow at a CAGR of 9.20 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for comprehensive solutions. The Global Governance, Risk and Compliance Platform market has also been witnessing consolidation of the market. However, fragmented approach to risk management could pose a challenge to the growth of this market.