Press release
Global Enterprise Governance Market Set for Rapid Growth, To Reach CAGR of Over 12.59% by 2025 and Key Players - Fidelity National Information Services & INC., SAP SE, Maclear, Thomson Reuters, Dell EMC, Wolters Kluwer, IBM Corporation, MetricStream Inc.
Global Enterprise Governance Market
Global Enterprise Governance Market to reach USD 64.04 billion by 2025.
Global Enterprise Governance Market valued approximately USD 24.8 billion in 2017 is anticipated to grow with a healthy growth rate of more than 12.59% over the forecast period 2018-2025. The major driving factor of Global Enterprise Governance Market are rising threats amongst organization, reliability & cost efficiency and increasing adoption of eGRC solutions for big data.
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Moreover, in this challenging environment, an integrated approach to government, risk and compliance (GRC) translates into bottom-line financial benefits for enterprises which is anticipated to be a major factor driving market growth. In addition, due to rising demand for economic and regulatory climate, various financial services firms are transforming operation to enhance the performance. The major restraining factor of global enterprise governance market are lack of awareness about benefit and changing regulatory structure. Enterprise Governance is the structure and relationships that control, direct, manage and regulate the performance of an enterprise projects, portfolios and process.
Industry Insights:
In other words, it is the set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction and ensures that objectives are ascertain the risk and managed appropriately. There are many benefits of enterprise governance such as compliance professionals can assist management in making the critical connection between strong compliance processes and tangible business, integrating GRC information allows management to make more intelligent decision more rapidly, non-value added activities are eliminated and value-added activities are streamlined to reduce lag time and undesirable variation and reduce cost contribute to overall ROI gains represented by effective GRC activities.
Major Players:
• Fidelity National Information Services & INC.
• SAP SE
• Maclear
• Thomson Reuters
• Dell EMC
• Wolters Kluwer
• IBM Corporation
• MetricStream Inc.
• Bwise
• SAS Institute
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Market Segmentation:
Global Enterprise Governance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America has accounted the leading share of total generating revenue across the globe due to developed economies of the US and Canada focus on innovations generate demand for eGRC solution. Europe is also contributing satisfactory share in the global enterprise governance market. Asia-Pacific region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025, due to increase in awareness for business productivity with competently designed eGRC solutions.
By Software:
• Compliance Management
• Audit Management
• Policy Management
• Risk Management
• Incident Management
By Services:
• Consulting
• Support
• Integration
By End Users:
• Retail
• Banking, Financial Services & Insurance
• Healthcare
• Manufacturing
• IT & Telecom
• Consumer Goods
• Others
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