Press release
Enterprise Governance, Risk and Compliance Market 2021 Disclosing Latest Trends and Advancement Outlook 2026
The Enterprise Governance, Risk and Compliance Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Enterprise Governance, Risk and Compliance market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Enterprise Governance, Risk and Compliance market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Enterprise Governance, Risk and Compliance market.The enterprise governance, risk, and compliance (eGRC) market is expected to register a CAGR of 12.5% in the forecast period (2020-2025).
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Top Leading Companies of Enterprise Governance, Risk and Compliance Market are - Dell EMC, IBM Corporation, Maclear LLC, MetricStream, Inc., Microsoft Corporation, Future Shield, Inc., Oracle Corporation, SAP SE, SAS Institute, Inc., Wolters Kluwer, Software AG and others.
Industry News and Updates:
- May 2019 - IBM and Thomson Reuters collaborated to bundle the regulatory intelligence offerings together into a single product for financial services clients. The solution aims to digitize manual GRC processes, by integrating risk data then using AI to help boost the visibility of related regulatory risks.
- June 2018 - IBM OpenPages GRC Platform V8.0 added a reimagined task-based user interface, enhancing both the efficiency and effectiveness of the first line of defense. IBM OpenPages GRC Platform V8.0 is an integrated GRC platform that companies can use as a tool to assist in managing risk and regulatory challenges across the enterprise.
Key Market Trends:
Risk management Expected to Emerge as the Largest Software Category
- Risk management is expected to account for the highest market share in terms of overall revenue amongst the other software solutions in the eGRC market. Risk management helps enterprises avert breaches and make sure that any risk associated with the activities of the enterprise is identified and addressed in a way that supports the organization's business goals.
- According to the Risk Management Association, the most significant risk management challenges in 2018 were an operational risk (including cyber and third-party risks); regulatory compliance; and credit. As a result, a substantial increase in expenditure was observed owing to regulatory compliance.
North America Expected to Dominate the Market
- North America is projected to continue its dominance in terms of revenue in the forecast period. This is majorly due to the early adoption of enterprise governance, risk, and compliance management solutions in the region. Demand for EGRC solutions is highest in the US due to stringent corporate governance regulations.
- Moreover, the emergence of technologies such as big data, IoT, and cloud software is anticipated to propel the growth of GRC software over the forecast period. Due to this, a significant rise in cyber-attacks within the region has increased over the last few years, hence proliferating the market growth.
- Also, the region dominates the life sciences industry; hence, significant players are aggressively enhancing their ability to deliver advanced products in the life sciences market. Efforts are also made by the vendors to deliver the products on time which is not impacted by regulatory compliance, which in turn encourages them to deploy enterprise GRC solutions.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Enterprise Governance, Risk and Compliance Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Enterprise Governance, Risk and Compliance Market (%),2016 - 2026
- Enterprise Governance, Risk and Compliance Market Share, By Brand
- Enterprise Governance, Risk and Compliance Market Share, By Company
- Enterprise Governance, Risk and Compliance Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Enterprise Governance, Risk and Compliance Market Value Analysis & Forecast
- Promising Enterprise Governance, Risk and Compliance Development by Major Companies
- Detailed Enterprise Governance, Risk and Compliance Portfolio of the Major Companies
- Major Deals in the Enterprise Governance, Risk and Compliance Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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