Press release
Enterprise Governance, Risk and Compliance Market Sales to Top US$ 25.2 Bn by 2029 at a CAGR of 7.8%.
Enterprise Governance, Risk and Compliance Market 2022
In 2021, the global Enterprise Governance, Risk and Compliance Market was worth USD 14,893.8 million, and it is expected to reach USD 25,220 million by 2029 at a CAGR of 7.8%.
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The increasing number of risk factors against company data is likely to drive more adoption of enterprise governance, risk, and compliance solutions, as well as security across all industries. Changing regulatory requirements and increasing business complexities are also likely to propel the enterprise governance, risk, and compliance market forward.
Company Profiles:
Dell EMC
FIS
HCL Technologies Limited
IBM Corporation
Oracle Corporation
SAP SE
SAS Institute Inc.
Software Inc
THOMSON REUTERS
Wolters Kluwer
RSA Security LLC.
MetricStream Inc.
PwC
SAI Global Pty Limited
MITRATECH
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The Impact of COVID-19 on the Enterprise Governance, Risk, and Compliance (EGRC) Market
Even though the COVID-19 has affected the global economy, the Enterprise Governance, Risk, and Compliance (EGRC) Market has grown rapidly, as many businesses incurred massive losses due to the COVID-19 outbreak, and to protect their important assets companies started to invest rapidly in eGRC (enterprise governance, risk, and compliance) solutions. Another reason that boosted demand for eGRC solutions during the pandemic was the increase in frequency of remote working.
North America Expected to Dominate the Market
In terms of value for enterprise governance, risk, and compliance solutions, North America is predicted to be the dominant area. Because of the growing demand for detecting enterprise risk and compliance management in insurance firms, Canada is likely to be one of the major locations for significant revenue growth from eGRC solutions adoption in the near future. Furthermore, Europe is also expected to grow significantly in the near future, due to the region's rising use of enterprise governance, risk, and compliance solutions in small and medium-sized businesses.
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