2025年上半年全球治理_风险与合规市场更新报告_82页_13mb

GRC Market Update: 1H 2025 Summary

Overview

• Houlihan Lokey remains highly active in the GRC sector through advisory services, platform growth, and strategic integrations.
• Markets exhibit:
  • Digitalization: AI adoption widespread but accompanied by risks like bias and regulatory hurdles.
  • Regulatory Complexity: Driving demand for integrated GRC solutions.
  • Deal Activity: Moderated in 2025 YoY due to cautious market trends, but expected recovery in H2 2025 focused on resilience and efficiency.

Key Themes

1. Market Dynamics

• Consolidation: 1H 2025 saw moderate deal activity, with strategic acquisitions dominating (e.g., GRMS to Achilles, Brycer with TA Associates).
• Geography: Strong North American presence; EU and UK active due to compliance requirements.
• Economic Drivers: Rising regulatory and cyber threats fuel platform consolidation.

2. Technology

• AI Enablement: Driving automation, risk detection, and real-time monitoring.
• Data Analytics: Addressing legacy reactive approaches, enabling proactive risk management.
• Cybersecurity Integration: Increasing reliance on converged strategies to manage threats.

3. Regulatory Landscape

• AI Governance: Growing focus on ethical frameworks (e.g., EU AI Act, NIST AI RMF).
• ESG Reporting: Mandatory disclosures driving adoption of sustainability-focused tools.
• Compliance Stringency: Post-COVID volatility and labor/IT gaps increasing risk.

4. Sector Growth

• Supply Chain & Cyber Risk: Dominant focus, with 40% YoY disruption increase (2024).
• EHS Regress: Challenges in workforce safety and subcontractor risks persist.

Strategic Moves

1. M&A Highlights:

   • Advised GRMS on sale to Achilles (global supply chain leader).
   • Strategic investment in Brycer (cloud-based fire safety platform).
   • Diversification into compliance software acquisitions (e.g., Marlowe PLC).

2. AI in GRC:

   • Used AI to improve risk detection, automate compliance, and enhance reward efficiency.
   • Regulatory uncertainty around bias mitigation presents challenges.

Outlook

• H2 2025: Market expected to rebound with demand for operational resilience solutions.
• Key Opportunities: AI governance, ESG reporting, third-party risk management.
• Risks: Talent shortages, black-box AI, fragmented regulations.

Data

• Market Performance: Public GRC Index lags S&P 500 YoY (5% vs. 7%).
• Valuation: Diversified GRC companies command higher multiples ($7-13 EV/EBITDA).
• Deal Volume: Declining post-pandemic, but consolidation remains strategic.