Global Enterprise Governance, Risk & Compliance (eGRC) Market is valued approximately USD 28.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.4 % over the forecast period 2020-2027. Enterprise governance, risk and compliance (eGRC) management provides opportunities to specialize in financial services, corporate compliance, health law, or security and cyber law. Enterprise governance, risk and compliance services offers support in crucial areas such as tax, financial reporting, information technology, anti-fraud, financial advisory, and human capital services. eGRC provides client guidance for the enterprise risk management, efficient corporate compliance, and corporate governance. The risk managers and compliance officers are struggling to tackle this COVID-19 pandemic. However, businesses or organizations are investing into risk technology as risk management optimization emerged as one of the best for an organization to ensure its business continuity. The increase in stringent compliance mandates, growing need to get a holistic view of data and growing data and security breaches are the factors responsible for the growth of the global Enterprise Governance, Risk & Compliance (eGRC) Market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 01st May 2019, IBM and Thomson Reuters collaborated to introduce new AI and Data combination. This AI and Data combination will help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights. However, varying structure of regulatory policies is the major factor restraining the growth of global Enterprise Governance, Risk & Compliance (eGRC) Market during the forecast period.

The regional analysis of global Enterprise Governance, Risk & Compliance (eGRC) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption advanced technologies has lead the growth of the market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:

  • IBM corporation
  • Microsoft
  • Oracle
  • SAP SE
  • SAS Institute
  • Thomson Reuters
  • Wolters Kluwer
  • Dell EMC
  • FIS
  • MetricStream

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

  • Software
  • Services

Deployment Mode:

  • On-Premises
  • Cloud

By Enterprise Size:

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Business Function:

  • Finance
  • IT
  • Legal
  • Operation

By Vertical:

  • BFSI
  • Construction and Engineering
  • Energy and Utility
  • Government
  • Healthcare
  • Manufacturing
  • Mining and Natural Resources
  • Retail and Consumer Goods
  • Telecom and IT
  • Transportation and Logistics
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

  • Historical year – 2017, 2018
  • Base year – 2019
  • Forecast period – 2020 to 2027

Target Audience of the Global Enterprise Governance, Risk & Compliance (eGRC) Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors