Global "Enterprise
Governance, Risk and Compliance (eGRC) Market" 2025 Industry research report covers the industry overview with
Marketplace Size, Share, Development, futuristic cost, earnings, demand and
distribution data. Its vast repository offers an analytical summary of the
marketplace that can help to the new and existing player to take a significant
decision.
In this report, we
thoroughly examine and analyse the Global market for Enterprise Governance,
Risk and Compliance (eGRC) so that market participants can improve their
business strategy and ensure long-term success. This report provides players
with useful information and suggests result-based ideas to give them a
competitive advantage in the global Enterprise Governance, Risk and Compliance
(eGRC) industry. It will show how other players compete in the global Enterprise
Governance, Risk and Compliance (eGRC) Market and explain the strategies you
use to differentiate yourself from other participants.
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Global Enterprise
Governance, Risk and Compliance (eGRC) Market is anticipated to reach USD 64.61
billion by 2025. The eGRC market is anticipated to grow at a healthy rate in
the years to come. Enterprise governance, risk and compliance (eGRC) is an
innovative and a multifaceted method where the concerns associated with risk
management, compliance issues, and corporate governance, are combined, aligned
and closely associated strategic activities with a direct influence on
business.
On the other hand, the
factors that may hamper the growth of the market include low awareness level
concerning the advantages of enterprise governance, risks, and compliance.
Enterprise governance, risk and compliance (eGRC) industry is anticipated to
grow at a significant CAGR of 12.8% in the upcoming period as the scope,
product types, and its applications are increasing across the globe. Enterprise
governance, risk and compliance (eGRC) market may be explored by component,
software, services, deployment model, organization size, usage, business
functions, industry verticals and geography. The market may be explored by
component as Service, and Software.
Enterprise governance, risk
and compliance (eGRC) industry may be explored by software as Compliance
management, Audit management, Risk management, Incident management, Policy
management, and others (IT GRC, Business continuity management, issue
management, and financial control management). The “Risk Management software”
is anticipated to show a substantial growth during forthcoming period. Risk
management solutions allow administrations to extract an improved image of
their initiative risks.
Enterprise governance, risk
and compliance (eGRC) market may be explored by service as Integration,
Consulting and training, and Support. The “Consulting and training” segment
dominated the market in 2016 and is anticipated to maintain its dominance by
2024. Compliance management and enterprise governance are rapidly growing in
response to progressions and changes in hiring, technology and personnel
requirements, consumer demands and concerns, and business practices.
The market may be explored
by deployment model as Cloud, and On-premises. The market may be explored by
Organization size as Enterprises, and SMBs. The industry may be explored by
usage as External, and Internal. The market may be explored by Business
function as IT, Finance, Operations, and Legal.
Enterprise governance, risk
and compliance (eGRC) industry may be explored by industry verticals as
Transportation and logistics, BFSI, Government, Construction and engineering,
Healthcare, Energy and utilities, Manufacturing, Retail and consumer goods,
Mining and natural resources, Telecom and IT, Others (Media and entertainment,
academia, tourism and hospitality, and oil and gas). The “BFSI” dominated the
eGRC industry in 2016 and anticipated to maintain its dominance by 2025.
North America accounted for
the major share of the enterprise governance, risk and compliance (eGRC) market
size in 2016 and will continue to lead in the forecast period due to factors
such as increasing cyber-attacks across the region in the past few years. It
has eventually enhanced the requirement for enterprise governance, compliance
and risk management solutions. Furthermore, improved technologies such as
Internet of Things, cloud software, and big data, has driven the development of
eGRC solutions.
Some of the key players
that fuel the growth of the enterprise governance, risk and compliance (eGRC)
industry include SAS Institute, Inc., Modulo Security, LLC, EMC Corporation,
Oracle Corporation, IBM Corporation, Microsoft Corporation,SAP SE, Maclear SA,
Deloitte LLP, BWise BV, Fidelity National Information Services, Inc. (FIS),
Software AG, Protiviti Inc, and Thomson Reuters Corporation. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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