Enterprise Governance, Risk and Compliance (eGRC) Market Forecast, Size and Gross Margin Analysis by 2025

Posted on 2021-10-22 by researchinsights in Government // 0 Comments

San Jose, California , USA, Oct 22, 2021 — /EPR Network/ —

The Enterprise Governance, Risk and Compliance (eGRC) Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

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.

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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.

Enterprise Governance, Risk and Compliance Component Outlook (Revenue, USD Million, 2015 – 2025)

Software
Service

Enterprise Governance, Risk and Compliance Software Outlook (Revenue, USD Million, 2015 – 2025)

Audit Management
Compliance Management
Risk Management
Policy Management
Incident Management
Others

Enterprise Governance, Risk and Compliance Service Outlook (Revenue, USD Million, 2015 – 2025)

Integration
Consulting
Support

Key Players Analysis covered in these report

SAS Institute
Modulo Security
EMC Corporation
Oracle
IBM
Microsoft
SAP SE
Thomson Reuters Corporation and many others

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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.

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