This IDC study provides a forecast for the financial governance, compliance, and risk (GRC) applications market for 2007–2011. The financial GRC applications market will develop and grow over the next five years, but the mix of solutions will change, and the vendor landscape will consolidate.

"Sarbanes-Oxley was merely an inflection point that kicked off a period of learning for enterprises," said Kathleen Wilhide, research director, GRC and BPM Solutions. "Many of the required compliance processes and initiatives to deal with control weaknesses have business efficiency and/or risk impact worth addressing despite compliance hype. This understanding is what will drive the maturity of the financial GRC market."