openPR Logo
Press release

Enterprise Governance, Risk and Compliance Market by 2018 Key Industry Players: Dell EMC, Oracle, IBM, SAP, Deloitte, SAS, Software AG, Microsoft, Protiviti, FIS, Modulo Security Solutions

11-08-2018 10:25 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Enterprise Governance, Risk and Compliance Market in risk management software segment growth will be driven by increasing number of cyber-attacks, the companies are rapidly adopting solutions to mitigate the attacks posing threat to their operations. They are deploying risk management software to monitor suspicious transactions and unauthorized access to the data, automate internal controls and enforce compliance to drive business efficiencies.

Global Enterprise Governance, Risk and Compliance (eGRC) Market will see healthy growth to 2024 led by growing demand for compliance and regulatory requirements by the organizations to manage the enterprise risk and reduce the compliance costs. The organizations implement governance and compliance strategies to better understand the impact of risk on business performance. As the strategies span the entire organizational departments, the eGRC tools and solutions enable its users to monitor and measure the effectiveness in each area of their departments, including security, IT, management and auditing.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2929

As businesses today operate in complex global environments, it becomes imperative for them to manage the risks and compliance postures. Effectively managing changes across regulatory environments and businesses remains one of the challenges before them. So, they are adopting solutions to execute governance and compliance objectives efficiently and introducing efficiencies in risk management.

The adoption of Big Data technologies also acts as the major driver for the enterprise governance, risk and compliance market. The organizations are swiftly moving towards the data analytics tools and solutions to measure and manage the risk exposures across their business lines. They are combining their big data with analytics tools and data-driven GRC to manage the compliance processes. The auditors are utilizing the capabilities of Big Data to explore the data to gain insights about the risk exposure and detect fraud.

Another key factor driving the enterprise governance, risk and compliance market growth is the growing adoption of cloud-based solutions which enable companies to accelerate the deployment of GRC apps and requires minimum investment. As cloud-based solutions offer high scalability with advanced security and access controls, the demand for these solutions will increase during the forecast period.

Request for customization of this report @ https://www.gminsights.com/roc/2929

North America is expected to dominate the enterprise governance, risk and compliance market share due to the increasing government efforts to implement the risk management practices. For instance, in April 2018, the U.S. government raised the cost of civil penalties. The government adjusted the penalties on the account of increasing compliance failures. The Department of Justice (DOJ) for violations of the False Claims Act (FCA) raised the penalty range from USD 11,181 to USD 22,003 per violation as compared to USD 10,957 to USD 21,563 per violation in 2017. Moreover, the increased internet penetration rate in the region has led to high-profile data breaches which in turn has further triggered the need to have operational risk management software.

The enterprise governance, risk and compliance market is estimated to grow considerably in Asia Pacific during the forecast timeline. The market growth is driven by the growing adoption of eGRC solutions in banking sector. With the rising financial crimes in the region, the need to have the robust security solutions and stringent regulations to mitigate the risks associated with the crimes are expected to drive the market growth. The companies in the region are providing solutions to the financial institutions to manage their regulatory compliances.

The market players operating in the enterprise governance, risk and compliance market are Dell EMC, Oracle, IBM, SAP, Deloitte, Maclear, SAS, BWise BV, Software AG, Microsoft, Protiviti, FIS, and Modulo Security Solutions. The companies are offering their GRC platforms to enable their business customers easily enhance their risk management practices.

Browse Full Reports: https://www.gminsights.com/industry-analysis/enterprise-governance-risk-and-compliance-egrc-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Enterprise Governance, Risk and Compliance Market by 2018 Key Industry Players: Dell EMC, Oracle, IBM, SAP, Deloitte, SAS, Software AG, Microsoft, Protiviti, FIS, Modulo Security Solutions here

News-ID: 1356912 • Views: 746

More Releases from Global Market Insights, Inc.

Europe sodium silicate market is set to witness increasing demand over 2020-2024
Europe sodium silicate market is set to witness increasing demand over the forecast timeframe. In 2016, Europe accounted for more than 20% of the global sodium silicate market share. The region’s environmentally friendly regulations and increasing awareness would be increasing wastepaper recycling demand, stimulating industry growth during the forecast period. Owing to the integral nature of sodium silicate in a number of high-revenue application segments and the anticipated rise in
North America Thermal spray coating market to experience strong demand across ae …
Regionally, North America will emerge as a profitable revenue pocket for thermal spray coating market share in the coming years. High purchasing power among people in the region is supporting expansion in various sectors such as automobiles, aerospace, healthcare and construction. In 2016, North America thermal spray coating market size with respect to revenues was valued at over USD 2.3 billion due to the need to achieve cost optimization in
Increasing consumer inclination towards compact devices to bolster liquid crysta …
Shifting trends towards miniaturization of electronic components is poised to drive global liquid crystal polymer (LCP) market size, along with growing consumer demand for sleek and compact electronic devices. Liquid crystal polymers are high performance engineering plastics based on p-HPA (hydroxy phthalic acid) and related monomers. It has wide application outlook in consumer goods packaging owing to its superior mechanical & physical properties and processability. Liquid crystal polymers find wide range
Sodium sulfide market size is slated to top $665 mn by 2024, pulp & paper applic …
Sodium sulfide market from pulp & paper application is projected to garner robust CAGR of 6.5% through 2024, mainly attributed to demand growth of tissue and packaging papers in APAC, Europe and South America. It is worth mentioning that the product has become highly sought-after in processing of bamboo, wood, bagasse fibers to pulp and bleaching of the pulp that bolster the strength of paper. Get sample copy of this research

All 5 Releases


More Releases for GRC

Police Software Market 2017- DataDriven, PawnSafeBox, 911 Tech, Blackthorn GRC
Apex Research, recently published a detailed market research study focused on the "Police Software Market" across the global, regional and country level. The report provides 360° analysis of "Police Software Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Police Software industry, and estimates the future trend of Police Software market on
GRC Expert Presents an Overview of the New Harmonized Version 10.0 of SAP Busine …
GRC Expert Presents an Overview of the New Harmonized Version 10.0 of SAP BusinessObjects GRC Solutions. Dedham, Massachusetts – September 21, 2011 SAPexperts posted a new article, “An Overview of the New Harmonized Version 10.0 of SAP BusinessObjects GRC Solutions” to its GRC Expert knowledgebase. This article focuses on the key developments within version 10.0 of SAP BusinessObjects GRC solutions. Among other aspects, a recoding of BusinessObjects Access Control application on the ABAP
GRC – Governance, Risk and Compliance
GRC is a recent acronym that has quickly spread among the senior management community around the world. Initially this was sparked by the fallout from a number of major corporate governance scandals, including those affecting Enron, Tyco and WorldCom; all of which led to the enactment of the US Sarbanes-Oxley Act and the concept of a more holistic view of Governance, Risk and Compliance. Interest has also grown rapidly in
BlueCross BlueShield of Tennessee Selects MetricStream for GRC
MetricStream, Inc., the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that BlueCross BlueShield of Tennessee (BCBST), an independent, not-for-profit licensee of the BlueCross Blue Shield Association, has selected the MetricStream platform for deploying an integrated software solution for a broad range of business processes including governance, compliance, quality management, risk management, and corrective actions. The solution will enable BCBST to effectively meet obligations
Energy Distribution Company Deploys MetricStream GRC Platform for NERC Complianc …
MetricStream, Inc., the market leader in Global Governance, Risk, Compliance (GRC) and Quality solutions, today announced that an energy distribution company from a Midwestern US state is deploying the MetricStream GRC Platform for compliance with North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) Cyber Security Standards designed to mitigate cyber security risks. MetricStream’s Document Management solution will be deployed as a central system of record for NERC reliability
UBS Selects MetricStream GRC Platform for Global Internal Audit Management
Zurich, Switzerland and Palo Alto, California – UBS, a leading global financial services firm and MetricStream, Inc., the market leader in the enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions today announced that UBS has selected the MetricStream GRC platform to support its internal audit management processes. The MetricStream solution will provide UBS with a fully integrated and state-of-the-art system for managing the risk-based internal audit processes for its