eGRC Market predicted to reach $60.7 billion by 2026
According to a new market research report "eGRC Market with COVID-19 by Offering (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, and Risk Management), Business Function, End User, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the eGRC market size projected to grow from USD 36.1 billion in 2021 to USD 60.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The major factors contributing to the market growth include the growing need to meet stringent compliance mandates and get a holistic view of policy, risk & compliance data, and increasing data & security breaches. These factors lead to the growing need for precise eGRC solutions, which support organizations to effectively manage Governance Compliance Risk (GRC) programs for driving the growth of the eGRC industry.Browse in-depth TOC on "eGRC Market”
457- Tables
50- Figures
360- Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1310
Among deployment mode, cloud segment to grow at the highest CAGR during the forecast period
The use of eGRC solutions is increasing acroCloud-based eGRC solutions are becoming popular as they offer a cost-effective and efficient way to manage governance, risk, and compliance. As cloud-based solutions offer a wide range of benefits, the adoption of the same is increasing among various industries. The adoption of cloud-based eGRC solutions is increasing among SMEs as these solutions are budget-friendly and easy to deploy. Cloud-Based eGRC vendors offer GRC solutions to help organizations automate compliance, as well as control monitoring processes. Furthermore, it enhances the visibility into risk exposure. Hence, vendors are projected to deploy eGRC solutions to leverage the benefits offered by the cloud.
Healthcare 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), telecommunication, energy & utility, government, healthcare, manufacturing, mining & natural resources, retail & consumer goods, Information Technology (IT), transportation & logistics and others. Among these, the healthcare 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. The healthcare sector is constantly focusing on enhancing the services delivered to patients. While delivering the best services to patients and staff, clinics and hospitals must assess and control various risks with regards to patient safety, federal regulations, and medical errors. In addition, risk and compliance management solutions enable healthcare service provides to consolidate the information in the form of silos to manage risk and compliance in the organization.
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/enterprise-governance-risk-compliance-market-1310.html
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. They 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 market growth in the region.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1310
Major vendors in the global eGRC market include IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), ServiceNow (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), Dell EMC (US), FIS (US), Software AG (Germany), RSA Security (US), MEGA International (France), Ideagen (UK), Mphasis (India), MetricStream (US), Protiviti (US), SAI Global (US), ProcessGene (Israel), LogicManager (US), Quantivate (US), Riskonnect (US), NAVEX Global (US), Alyne(Germany), and Lexcomply (India), StandardFusion (Canada).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/enterprise-governance-risk-compliance.asp
About MarketsandMarkets™
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, and 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, "Knowledge Store" 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 predicted to reach $60.7 billion by 2026 here
News-ID: 2451378 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for GRC
GRC Software Market Giants Spending Is Going to Boom | Wolters Kluwer, ACL GRC, …
The latest independent research document on Global GRC Software examine investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore its potential to become a major business disrupter. The GRC Software study eludes very useful reviews & strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile and strategies.…
GRC Platforms Software Market Will Generate Record Revenue by 2027 Covid-19 Anal …
This GRC Platforms Software market report focuses not only on producing estimates, but also on supplying facts that can help the company gain profit. Building a thorough strategy framework is critical for business's success, and it serves as a useful tool for industry participants, as this market study explains. This GRC Platforms Software market study further retains the aim of analyzing demand and consumption patterns, existing and forthcoming development possibilities,…
GRC Software Market 2020 SWOT Analysis by Players: IBM, SAP, ProcessGene, Oracle …
The Global GRC Software Market 2020 Market Research Report is a professional and in-depth study on the current state of the GRC Software industry.
Industry Overview:
Updated research report on GRC Software Market by ‘Market Growth Insight’ delivers pivotal information on the market including drivers, restraints, challenges, and opportunities. The GRC Software report is useful to business owners, manufacturers, distributors, suppliers, marketing personnel, strategists, and customers since it helps them to understand…
GRC Software Market is Booming Worldwide with Software AG, SAP GRC, LogicManager …
The Global GRC Software Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360 view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding…
GRC Software Market Driving Growth in Recent Year 2026| ProcessGene, Continuity …
GRC (governance, risk management and compliance) software allows publicly-held companies to integrate and manage IT operations that are subject to regulation. Such software typically combines applications that manage the core functions of GRC into a single integrated package.
Global GRC Software Market is expected to Huge growth with a during forecast period 2020 to 2026. Platforms software helps businesses monitor performance and relationships to minimize financial, legal, and all other liabilities.…
GRC Software Market Size and Forecast 2019-2025- GRC (Governance, Risk Managemen …
Download Sample Study @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1915036
The Global GRC Software Industry Report 2019 is a professional and in-depth study on the current state of the GRC Software Market.
Key #Companies Analysis- ProcessGene, Continuity Partner, SAI Global, Sevron Safety Solutions, IRM Security, LogicManager, ReadiNow, Impero, Aravo, Software AG, SAP GRC, ACL GRC, LogicGate, Thomson Reuters, ZenGRC, Fastpath, Cammsrisk
Complete report on GRC Software market spread across 109 pages, profiling 17 companies and supported with…