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Governance Risk And Compliance (GRC) Platform Market size to increase by USD 37.63 Billion between 2023 to 2028, Market Segmentation by Deployment, Component, Geography , Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — The global governance risk and compliance (GRC) platform market size is estimated to grow by USD 37.63 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 13.64% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Deployment 1.1 On-premise1.2 Cloud-basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

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1.1 Fastest growing segment:

On-premises Governance, Risk, and Compliance (GRC) platforms are essential for organizations to manage their structural policies, risks, and adherence to regulations. These platforms consist of three dimensions: corporate governance, risk management, and compliance. Corporate governance involves implementing policies to ensure business objectives are met. Risk management identifies and manages operational, financial, and fraud risks. Compliance enforces adherence to regional regulations and standards. On-premises GRC solutions, such as HighBond and RSA Archer, automate reporting and documentation processes, streamline collaboration, and support international standards like GAAP and IFRS. The market for on-premises GRC platforms is growing due to the increasing need to manage risks associated with emerging technologies like AI. For instance, Credo AI’s new GRC platform caters specifically to AI systems, ensuring responsible and compliant use. Despite the high installation costs, ranging from USD200,000 to USD600,000, large businesses are the primary adopters. These platforms bring structure and cohesion to an organization’s risk management and compliance efforts.

Analyst Review

The Governance, Risk, and Compliance (GRC) platform market is a critical business solution that helps managers mitigate risks, ensure compliance with regulations, and maintain social media governance in today’s complex business environment. With the increasing costs of non-compliance and the ever-changing regulatory landscape, GRC platforms have become essential for financial institutions and other businesses, particularly those with global operations and IT Telecom infrastructure. GRC platforms provide risk management and compliance solutions through software that integrates with various business processes, intellectual property, and technology systems. These platforms help organizations manage cyberthreats, social media governance, and complex compliance requirements. However, high implementation expenses and the complexity of integration can pose challenges. Advanced technologies like artificial intelligence and machine learning are being integrated into GRC platforms, such as Azure Purview and MetricStream, to enhance their capabilities and provide more accurate risk assessments and compliance monitoring. The use of these technologies can help organizations reduce costs and improve efficiency in their GRC functions. As business processes continue to evolve and globalization increases, the importance of GRC platforms will only grow. Organizations must stay up-to-date with the latest regulatory requirements and technology trends to effectively manage their risks and ensure compliance.

Market Overview

The Governance, Risk, and Compliance (GRC) platform market is a dynamic and evolving industry focused on helping businesses manage complex regulatory environments, mitigate risks, and ensure compliance with various regulations and standards. GRC platforms enable managers to streamline business processes, implement cost-effective solutions, and maintain social media governance, cybersecurity, and intellectual property protection. The market caters to diverse industries, including construction and engineering, transportation and logistics, financial institutions, IT telecom, and healthcare sectors. GRC solutions offer advanced features such as risk management, policy management, audit management, and compliance management. The deployment model for GRC platforms includes on-premises and cloud-based solutions. On-premises deployment provides greater control and customization, while cloud-based solutions offer flexibility and scalability. GRC platforms utilize advanced technologies like artificial intelligence (AI), machine learning (ML), predictive analytics, and real-time monitoring to enhance their capabilities. The changing regulatory environment, globalization, and technology integration pose challenges to the market, necessitating continuous innovation and adaptation. High implementation expenses and the complexity of integration are some of the challenges faced by organizations adopting GRC platforms. However, the benefits of improved risk management, enhanced compliance, and increased operational efficiency often outweigh the costs. Key features of GRC platforms include risk management solutions, compliance solutions, software, Azure Purview, Wolters Kluwer, MetricStream, and regulatory compliance resources for various regulations such as the Sarbanes-Oxley Act, GDPR, COBIT, and HIPAA. The market also addresses the challenges posed by cyberthreats, IoT devices, and cybersecurity attacks.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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LG LAUNCHES FREE AUDIO STREAMING SERVICE WITH EASY ACCESS AND SIMPLE, DYNAMIC USER EXPERIENCE

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LG Radio+ Brings LG Smart TV Users Free Listening to a Wide Range of Popular Podcasts and Live Stations, also Accessible from LG’s Audio Devices

ENGLEWOOD CLIFFS, N.J., Dec. 20, 2024 /PRNewswire/ — LG Electronics (LG) has launched LG Radio+, the company’s ad-supported audio streaming service, now available on LG smart TVs running webOS 6.0 and above. This new service allows users to effortlessly access a diverse selection of podcasts and radio programs. For a streamlined user experience, LG Radio+ will work with the LG ThinQ app,1 providing users with a convenient way to access and enjoy their favorite audio content no matter where they are in the room.

To offer a curated list of audio streaming content, LG has partnered with global radio and audio provider Radioline, giving users an all-in-one audio platform allowing effortless access to news, sports, music and more. Available in the US and Korea, LG smart TV users can explore a range of live stations and podcasts, with options such as NPR, CNN Radio, Fox Radio or The Joe Rogan Experience in US, or popular local stations and podcasts in Korea.

The LG Radio+ app can be accessed from the Content Store or Apps or by using the voice search function of the LG Magic Remote, providing a fast and convenient way to discover new listening content.

For quick and easy exploration, LG Radio+ has an intuitive interface with a comprehensive channel list, presenting popular audio channels on the On Air page, alongside a personalized selection of favorite channels. Users can navigate the On Air and Podcast pages to access their desired audio streaming content, while the Featured page provides a dynamic view of trending music, updated in real-time to highlight the most popular or season hits. This enables users to search, discover and enjoy their preferred audio content with ease out of a large library of over 14,500 channels in US and over 440 available in Korea.

As part of LG’s commitment to enhancing user convenience and connectivity across the company’s life-enriching products, listeners will be able to access LG Radio+ through the LG ThinQ app,2 enabling enjoyable audio streaming on LG audio devices with minimal effort. What’s more, LG Radio+ will also be available to access through the My button on xboom speakers in 2025.

LG continues to elevate the user experience with a broad range of content and an intuitive user interface, making it effortless to explore and enjoy audio entertainment. To learn more about how LG is enhancing the audio experience, visit LG Newsroom.

1 Available at a later date in 2025.
2 Accessible via xboom category

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com.

Media Contacts:

LG Electronics USA                                                   

LG Electronics USA  

Chris De Maria                                                           

Christin Rodriguez    

christopher.demaria@lge.com                           

christin.rodriguez@lge.com

LG-One

LGHEUS@LG-One.com

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SOURCE LG Electronics USA

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Zoomcar Launches ‘Zoomcar Cabs’: Affordable Car Rentals with Drivers as a New Offering

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BENGALURU, India, Dec. 20, 2024 /PRNewswire/ — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (NASDAQ: ZCAR), India’s leading car-sharing marketplace, has announced the launch of Zoomcar Cabs, as a pilot in Bengaluru, that provides commercial cars with professional drivers at the best prices. Expanding beyond its successful self-drive offerings, this expansion into chauffeur-driven services marks Zoomcar’s commitment to diversifying its offerings and enhancing customer experiences.

Zoomcar Cabs stems from a clear need expressed by Guests for a reliable, transparent alternative to traditional cab services, as Guests often compare self-drive options with chauffeur-driven services. In the last 6 months, Zoomcar has significantly improved profitability and is now strategically investing in new product lines to meet growing demand and elevate the overall customer experience.

In the current cab market, options are often limited only to selecting a car category like sedan, hatchback, etc, leaving customers uncertain about the exact car model or the condition of the car they will receive. Zoomcar’s AI technology in cataloging, pricing, and image enhancement ensures every inventory item is unique, so Guests have the benefit to select the exact car model, see reviews and ratings by other Guests, car quality and condition preferences like year make, age, boot space, etc. Additionally, Guests simply need to add their pick up or start location on the Zoomcar app and have full control of their stops, route, destination, etc without the need to update it on app. Zoomcar Cabs offers the freedom to book a car for as little as two hours to extended periods of over 30 days.

Hiroshi Nishijima, CEO, Zoomcar said, “The launch of Zoomcar Cabs reflects Zoomcar’s focus on listening to customer feedback and delivering tailored solutions with an added layer of transparency and flexibility that sets it apart from other apps. Guests can effortlessly book their preferred vehicles, whether for self-drive or with a driver, all through the single Zoomcar app — eliminating the need for multiple apps to meet their travel needs.”

These technological advancements position Zoomcar to offer a seamless, scalable service that sets a new standard in the cab industry. The Bengaluru pilot serves as a beta project to validate this model, with plans for expansion to other cities in 2025 based on its success. These unique features set Zoomcar Cabs apart from other cab services and apps, ensuring Guests experience a combination of diversity, quality, choice and freedom. Whether for business trips, family vacations, or everyday commutes, Zoomcar Cabs is designed to meet diverse use cases, ensuring comfort, reliability, and affordability.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward-Looking Statement:

Except for any historical/factual information contained herein, this press release may contain forward-looking statements about our plans, efforts, goals, assumptions, commitments, expectations, or prospects inter alia related to Zoomcar’s Cab services offering and reflect our management’s expectations for the business. These forward looking statements entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “enable,” “increase,” “estimate,” “intend,” “indicate,” “continue,” “expand,” “enhance,” “believe,” “elevate”, “supports,”, “ensure”, “drives,” “expect” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, assumption, commitment, expectation, or prospects set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, save and except as required by law.

Press Contact:

Akarshit Gulati: akarshitg@avianwe.com Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com

Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg

 

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SOURCE Zoomcar

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Deepcoin 2024 Year in Review: Passion Fuels Perfection, Innovation Drives Breakthroughs

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SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ — In 2024, Deepcoin achieved remarkable milestones in the global cryptocurrency market through its exceptional products, innovative services, and strategic global expansion. From market rankings and regulatory compliance to product innovation, customer service, and brand promotion, Deepcoin made significant strides across multiple fronts. Reflecting on the year’s innovative journey and looking forward to 2025, Deepcoin remains committed to achieving excellence through passion and leading breakthroughs through innovation.

Record-Breaking Growth in Trading Volumes

Futures Trading: Increased nearly 10x year-over-year, with average daily active users up by 3x and trading pairs expanded by 42.13%.Spot Trading: Volume grew by nearly 6x, with daily activity surging by 3x.

Over 20 New Products and 1 Million+ New Active Users

In 2024, Deepcoin introduced 20+ new features, focusing on enhancing trading experience, fund security, and copy trading functionality. Key innovations include:

Chasing Limit Orders, Order Transparency, Proportion/Reverse Copy Trading, and Passphrase Authentication.Enhancements like the Chasing Limit Orders significantly boosted user trading frequency due to their ease of use and cost efficiency.

Deepcoin’s R&D team also made consistent updates to existing features, ensuring continuous improvement in user experience.

Exceeding 400,000 Customer Issues Resolved

Resolved 400,000+ inquiries in 12 languages.Achieved a 95.75% response rate within 30 seconds, with complaint rates below 0.01%.Recovered thousands of lost or misplaced assets, ensuring a 93.69% resolution rate within 48 hours for complex cases.

Integration with CODE Travel Rule Solution Completed

In Jan 2024, Deepcoin became the first overseas exchange of the year—and the seventh globally—to integrate the CODE travel rule solution, underscoring Deepcoin’s commitment to fortifying its security infrastructure and advancing compliance standards within the cryptocurrency landscape. This integration enhances transparency in virtual asset transfers and ensures seamless deposits and withdrawals with leading Korean exchanges, including Upbit、Bithumb、Coinone、Korbit、GoPax.

Hong Kong TCSP License Acquisition

In July 2024, Deep Custodian Limited announced that it has been approved for the Hong Kong Trust or Company Service Provider License (TCSP License, License No. TC009487), enabling it to legally and compliantly provide custody services for crypto assets, including Bitcoin (BTC) and Ethereum (ETH). This milestone underscores Deepcoin’s commitment to providing secure and regulated asset custody for individuals and institutions.

CMC Rankings and Asset Proof

Verified reserves of over $200 million with a reserve ratio exceeding 100%, reflecting robust liquidity and solvency.Ranked 7th globally among derivatives exchanges on CoinMarketCap (CMC), highlighting Deepcoin’s growing market presence.

Sponsorship of Black Combat in Korea

In July 2024, Deepcoin proudly became the title sponsor of Black Combat, South Korea’s premier MMA league. This partnership underscores Deepcoin’s dedication to supporting the sports community while promoting cryptocurrency adoption through innovative avenues. It also strengthens Deepcoin’s engagement with South Korea’s vibrant youth demographic. With Black Combat’s widely popular YouTube content amassing nearly 400 million views, this collaboration significantly amplifies Deepcoin’s global reach and brand presence.

The brand statement of Black Combat, “Who is the King?” complements Deepcoin’s slogan of “Boost Your Decisions.” Just as every cryptocurrency trader aims to emerge victorious in the volatile world of crypto trading, Black Combat seeks to continually convey the passionate spirit of mixed martial arts. Every punch resonates loudly, and every trade empowers like a fierce blow.

Engagement in Major Web3 Events

Deepcoin actively participated in leading industry events such as Hong Kong Web3 Festival, Dubai Token2049, Bitcoin Asia 2024, Korea Blockchain Week (KBW), Singapore Token2049 and Digital Tech Media Show (DTMS), hosting side events to foster collaboration with industry leaders, innovators, and investors.

Message from the CEO

Ego Huang, Deepcoin’s Founder and CEO, commented:

“2024 was a transformative year for Deepcoin. Through innovation, compliance, and regional expansion, we delivered a more efficient and innovative trading experience for our users. As we step into 2025, we will continue optimizing product functionalities, driving industry compliance, and setting new benchmarks in the crypto sector.”

About Deepcoin

Deepcoin is a leading cryptocurrency exchange committed to providing users with a secure, efficient, and innovative trading experience while known for its relentless innovation and long-term value proposition. Founded in 2019 by industry veterans and former executives of renowned companies, Deepcoin has amassed over 10 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion. Having broad support for global fiat currency deposits, Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts, and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease. Deepcoin continues to redefine the crypto trading landscape, delivering unparalleled innovation and exceptional user experiences.

Website | Twitter | Telegram

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SOURCE Deepcoin

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