The challenge to counter the increasing number of data breaches and compliance violations in organizations is enormous. The vendors in the enterprise GRC market are constantly innovating and remodeling their existing architecture to develop better and more secure systems. Major vendors in the enterprise governance, risk and compliance market are Microsoft, IBM, EMC, Oracle, SAP, SAS, BWise, Mega, MetricStream, Modulo, Resolver, Rsam, FIS, and Thomson Reuters among others. The major forces driving this market are growing business risk and rising number of data breaches and compliance violations.
This report broadly segments the global enterprise governance, risk and compliance market by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America (LA); by solutions: compliance management, audit management, risk management, policy management, incident management, financial controls management and others; by services: consulting, integration, and support; by users: Small and Medium Businesses (SMBs) and enterprises; by industry verticals: Banking, Financial Services, and Insurance (BFSI), government, healthcare, biotech and pharmaceuticals, construction and engineering, telecom and Information Technology (IT), mining and natural resources, energy and utility, transportation and logistics, manufacturing, retail and consumer goods, education and academia, and others.
This new report forecasts the global enterprise governance, risk and compliance market to grow from $5.17 billion in 2013 to $9.93 billion in 2018. In terms of regions, North America is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.