openPR Logo
Press release

eGRC Market Insights | Key players: IBM, Microsoft, Oracle, SAP and SAS

07-19-2019 04:51 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

eGRC Market Insights | Key players: IBM, Microsoft, Oracle, SAP

According to recent research "eGRC Market by Component (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global eGRC market size is projected to grow from USD 31.5 billion in 2019 to USD 51.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period.

The major factors responsible for the market growth include the growing need to meet stringent compliance mandates, get a holistic view of policy, risk and compliance data, and increasing data and security breaches. Moreover, the integration of Artificial Intelligence (AI) and blockchain technologies with Governance Risk Compliance (GRC) solutions to provide opportunities for the market growth.

Browse 58 market data Tables and 49 Figures spread through 153 Pages and in-depth TOC on "eGRC Market”
https://www.marketsandmarkets.com/Market-Reports/enterprise-governance-risk-compliance-market-1310.html?utm_source=Openpr

Among components, software segment to hold a larger market size during the forecast period

The vendors in the market provide components, such as software and services. The software segment is expected to hold a larger market size. The growth is driven by the growing need to automate and streamline organizational GRC programs. The adoption of eGRC software is expected to increase, owing to the growing need to analyze regulatory requirements, polices, and obligations. Moreover, eGRC solutions offered in the market are integrated with Business Intelligence (BI) tools and analytics and Machine Learning (ML) technology enable organizations get actionable insights and thereby focus on reducing organizational risks.

Manufacturing vertical to grow at the highest CAGR during the forecast period

The use of eGRC solutions is increasing across all verticals to manage the challenges associated with risk and compliance. Verticals that are leveraging eGRC solutions include Banking, Financial Services, and Insurance (BFSI), construction and engineering, energy and utility, government, healthcare, manufacturing, mining and natural resources, retail and consumer goods, telecom and Information Technology (IT), and transportation and logistics. Among these, the manufacturing vertical is expected to grow at the highest growth rate, owing to the growing need to manage various standards and ensure compliance requirements for regulations.

Speak to our Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1310&utm_source=Openpr

North America to hold the largest market size during the forecast period

North America is contributing maximum in terms of revenue generation in the global eGRC market. The region is witnessing major developments in the eGRC space. Multiple vendors across the region are involved in developing innovative products and solutions, and are focusing on the integration of advanced technologies, such as Analytics, Natural Language Processing, and Machine Learning (ML). Among all the countries of North America, the US is expected to lead in terms of the adoption of eGRC solutions. The growing business complexities and changing regulatory requirements are expected to drive the market growth in the region.

Major vendors in the global eGRC market include IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), Dell EMC (US), FIS (US), MetricStream (US), Software AG (Germany), SAI Global (US), ProcessGene (Israel), LogicManager (US), NAVEX Global (US), Ideagen (UK), Alyne(Germany), and MEGA International (France).

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: [https://www.marketsandmarkets.com/PressReleases/enterprise-governance-risk-compliance.asp]

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

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 eGRC Market Insights | Key players: IBM, Microsoft, Oracle, SAP and SAS here

News-ID: 1807968 • Views: 294

More Releases from MarketsandMarkets

Management Decision Market Ongoing Trends and Recent Developments | Key Players …
According to recent research "Management Decision Market by Software, Service, Deployment Type, Function (Credit Risk Management, Collection Management, Customer Experience Management), Organization Size, Industry, And Region – Global Forecast to 2022 "The management decision market size is projected to reach USD 6.18 Billion by 2022. The management decision market size is expected to grow from USD 3.09 Billion in 2017 to USD 6.18 Billion by 2022, at a Compound Annual
Data Historian Market Projected to reach $1,271.1 million by 2023 | Key players …
According to recent research "Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Service), Deployment Mode, Organization Size, End-user, and Region - Global Forecast to 2023", The global data historian market size is expected to grow from USD 914.9 million in 2018 to USD 1,271.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. The
Nanocomposites Market worth $8.5 billion, by 2024 | Key Players include Nanocor …
According to recent market research "Nanocomposites Market by Type (Carbon Nanotubes, Nanoclay Metal Oxide, Nanofiber, Graphene), Resin Type, Application (Packaging, Automotive, Electrical & Semiconductors, Coatings, Aerospace & Defense, Energy), Region - Global Forecast to 2024", The nanocomposites market size is expected to grow from USD 4.1 billion in 2019 to USD 8.5 billion by 2024, at a CAGR of 16.0%, during the forecast period. The market is witnessing significant growth because
Automotive Connectors Market Size, Share, Forecast Report -2021
The automotive connectors market, in terms of value, is projected to grow at a CAGR of 7.46% from 2016 to 2021. The market was estimated to be USD 4.38 Billion in 2016 and is projected to reach USD 6.28 Billion by 2021. The growth of the automotive connector market is fueled by the increasing number of electronic components and advanced safety features in vehicles, and rise in the number of

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