What Are the Key Factors Driving the Global Enterprise Governance, Risk and Compliance Market Growth?
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.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2929
The risk management software market segment is expected to drive the overall growth of the enterprise governance, risk and compliance market from 2018 to 2024. With the 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.
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. For instance, in September 2015, Mindtree and MetricStream partnered to simplify the regulatory compliance for financial firms. Mindtree made use of MetricStream’s Zaplet to help clients automate and manage the regulatory processes.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2929
The market players operating in the enterprise governance, risk and compliance market are Thomson Reuters, EMC, Oracle, IBM, SAP SE, Deloitte LLP, Maclear SA, SAS Institute Inc., BWise BV, Software AG, Microsoft, Protiviti Inc., Fidelity National Information Services, Inc. (FIS), and Modulo Security, LLC. The companies are offering their GRC platforms to enable their business customers easily enhance their risk management practices.
Methodology used in this report: -
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the enterprise governance, risk and compliance market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive enterprise governance, risk and compliance market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating enterprise governance, risk and compliance market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
Get this report Customized to your requirements @ https://www.gminsights.com/roc/2929
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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.
This release was published on openPR.
Permanent link to this press release:
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 What Are the Key Factors Driving the Global Enterprise Governance, Risk and Compliance Market Growth? here
News-ID: 1896215 • Views: 303
More Releases from Global Market Insights Inc.
Neopentyl glycol flakes market is expected to register 7% gains during the forec …
The neopentyl glycol market revenue is set to reach a valuation of $1.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Rising demand for powder coatings applications in automotive, aerospace, electronics and construction industry is expected to boost the market size in forecasted time frame. Strong application scope in powder coating resins as an alternative to conventional resins with low VOC emission and enhanced durability supporting neopentyl
Fluorinated ethylene propylene films market revenue from solar panel application …
The fluorinated ethylene propylene market is poised to rise from USD 690 million in 2018 to over USD 1200 million by 2025, according to a 2019 Global Market Insights, Inc. report. Rising demand for high-value compact & small-sized cars and SUVs owing to a growing middle class and rising disposable incomes should stimulate market size. This product finds widespread usage in tubing, pressure hoses and bellows it is well-suited for processing
bentonite market size from foundry sand applications was valued at over 680 kilo …
Bentonite Market is expected to be valued USD 1.95 billion by 2024; according to a new research report by Global Market Insights, Inc. Booming steel industry in India, China and South Korea on account of increasing foreign direct investment from U.S. and Japan has boosted the iron pelletizing industry and may promote growth of bentonite market. The product is used as a binding agent, offer improved mechanical & abrasive strength, faster
Polyacrylamide Market is likely to reach $8 billion by 2026, Says Global Market …
According to the report published by Global Market Insights, Inc., the polyacrylamide market size is anticipated to hit $8 billion by 2026, registering a CAGR of 9% from 2019 to 2026. Expanding product demand as a flocculant and thickening agent for water treatment operations in various industries will aid industry growth. Rising demand for processing wastewater in industries and from municipal sources has resulted in the greater demand for polyacrylamide as
More Releases for Enterprise
Enterprise Media Gateway Market:
Increasing deployment of IP communication applications and services in enterprises, which is also very cost effective will boost the growth of the global enterprise media gateway market. Growing demand for SIP trunking and cloud-based services will also augment the market growth. However, intense competition from existing legacy systems and consumer acceptance of gateways over traditional communication systems will restrain the market during the forecast horizon. The overall enterprise media gateway
NAS is a storage system that enables file sharing among enterprise users. It is an independent network node in the local area network (LAN) that consists of individual Internet protocol (IP) addresses. File transfer is achieved through an Ethernet connection between users and NAS systems. NAS allows multiple users access to the same file in a network. In an enterprise environment, NAS systems are used for backup, archiving, and disaster recovery
Enterprise Content Management Market
The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and need to manage IT across all enterprises. Request a Sample Report at http://www.reportsweb.com/inquiry&RW0001978654/sample The objectives of this report are
Enterprise Application Integration Market -
Enterprise application integration (EAI) aims towards consolidating, modernizing and coordinating various computer applications in an enterprise. It is the combination of processes, software and hardware resulting in a seamless integration of two or more enterprise systems allowing them to operate as one. Prior to the enterprise application integration (EAI), there was lack of concept of integration for corporate data as the IT systems were built in an unplanned manner. Enterprise
Enterprise Content Management Market -
Enterprise content management (ECM) enables organizations to store, share, archive, and structure the content. ECM allows organizations to access data/content from a centralized repository via multiple platforms and distribute the data to users whenever required. ECM encompasses wide range of tools that include workflow process management, digital asset management, document management, digital rights management, records management, web content management. ECM reduces the workload of different departments of an organization in
Enterprise Content Management Market
MarketResearchReports.Biz presents this most up-to-date research on "Enterprise Content Management Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019" Description Enterprise content management (ECM) is related to storing and organizing the documents as well as other contents related to different processes of an organization. ECM strategies and tools allow the management of an unstructured information of an organization. ECM streamline access to different records through full text