eGRC Market Size
The global eGRC Market is estimated to grow from USD 28.37 Billion in 2019 to reach USD 79.51 Billion by 2027, at a CAGR of 13.8% during the forecast period from 2020-2027.
Enterprise governance, risk and compliance (eGRC) refers to how any organization acts to achieve its goals, manage uncertainty and follow the rules. eGRC helps companies to avoid financial repercussions. Also, the complex task of managing audit, risk, compliance, policy, and security breach is easily managed using eGRC. The eGRC market growth is fueled by growing requirement to meet stringent compliance mandates, increased risks of data breach in organizations and growing adoption of risk & compliance management among financial institutions.
|Final Report will have an in-depth analysis of the COVID-19 impact on the Global eGRC Market|
eGRC Market by Component (Services and Solution); by Deployment Model (On-premise and Cloud); by Business Function (Operations, Finance, Legal, IT); by Type (Policy Management, Audit Management, Risk Management, Incident Management, Compliance Management and Others); by Industry Vertical (Healthcare, IT & Telecom, BFSI, Retail, Government & Defense and Others) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
Market Drivers, Restraining,Opportunities
Drivers responsible for growth in the market include:
• Growing requirement to meet stringent compliance mandates
• Increased risks of data breach in organizations
• Growing adoption of risk & compliance management among financial institutions
Factors restraining market growth:
• Security issues and high cost of eGRC software
• Complex process of installation and configuration
Market Opportunities include:
• Increasing penetration of IoT technology and integration of artificial intelligence in risk & compliance management software
• Emerging Market
eGRC Market Vendors
Top 12 major vendors in the global eGRC market Analysis
- Thomson Reuters
- Software AG
- Wolters Kluwer
- Dell EMC
- SAI Global
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the eGRC market.
The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global eGRC market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.
Economy Trends & Strategic Analysis
eGRC Market Scope
|Market Size in 2019||USD 28.37 Billion|
|Market Size in 2027||USD 79.51 Billion|
|CAGR (%)||13.8% from 2020 to 2027|
|Historic Period||2017 - 2018|
Component, Deployment mode, Business function, Type, Industry Vertical,
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Players Analysis|
Microsoft (US), Oracle (US), SAP (Germany), IBM (US),
Thomson Reuters (Canada), Software AG (Germany),
ProcessGene (Israel), FIS(US), Wolters Kluwer (Netherlands),
MetricStream (US) Dell EMC (US), SAI Global (US)
eGRC Market Segmentation
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