eGRC Market Growth, Trends, Opportunities and Forecast to 2026 - IBM Corporation, Lockpath, LogicManager

Governance, risk, and compliance (GRC) refers to an organization-synchronized strategy for managing extensive issues of corporate compliance with regards to regulatory requirements, corporate governance, and enterprise risk management (ERM). It is a unified collection of capabilities, which enables organizations to reliably achieve objectives and act with integrity. GRC provides different strategies for managing an organization's overall governance, compliance with regulations, and enterprise risk management. The major components of GRC software include IT policy management, IT risk management, compliance management, incident management, threat & vulnerability management, and vendor risk management.

Increase in risk of data breach in enterprises and implementation of stringent government regulations toward business risks prevention are some of the major factors, which drive the growth of the eGRC market. In addition, surge in penetration of IoT technology and rise in adoption of compliance & risk management software in financial institutions fuel the growth of the market. However, high cost of the software, complexities involved in installation & configuration of it, and associated security issues hamper the market growth. Conversely, rise in demand form developing economies and integration of artificial intelligence in risk & compliance management software are expected to provide remunerative opportunities for market expansion during the forecast period.

Major Key Players of the eGRC Market are:
IBM Corporation, Lockpath, LogicManager, MetricStream, Microsoft Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, RSA Security LLC, and Thomson Reuters.

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The global eGRC market is segmented into component, deployment mode, organization size, business functions, type, industry vertical, and region. In terms of component, the market is bifurcated into software and services. On the basis of deployment mode, it is divided into on-premise and cloud. As per organization size, it is categorized into large enterprises and small & medium enterprises. According to business function, it is fragmented into finance, information technology, legal, and operations. As per, type the market is segregated into policy management, compliance management, audit management, incident management, risk management, and others. According to industry vertical, it is classified into BFSI, IT& telecom, retail, healthcare, energy & utilities, manufacturing, government & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major Types of eGRC Market covered are:
Policy Management
Compliance Management
Audit Management
Incident Management
Risk Management, and Others

Major Applications of eGRC Market covered are:
BFSI
IT& Telecom
Retail
Healthcare
Energy & Utilities
Manufacturing, Government & Defense, and Others

Research objectives:-

- To study and analyze the global eGRC consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the eGRC market by identifying its various sub-segments.
- Focuses on the key global eGRC manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the eGRC with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 eGRC Market Size
2.2 eGRC Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 eGRC Market Size by Manufacturers
3.2 eGRC Key Players Head office and Area Served
3.3 Key Players eGRC Product/Solution/Service
3.4 Date of Enter into eGRC Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global eGRC Sales by Product
4.2 Global eGRC Revenue by Product
4.3 eGRC Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global eGRC Breakdown Data by End User

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In the end, eGRC industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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