Press release
Governance, Risk, Compliance: Navigating the Enterprise Governance, Risk, and Compliance Market of 2033 - Crafting Resilience, Compliance, and Strategic Decision-making Excellence
According to estimates, the Enterprise, Governance Risk and Compliance Market would have expanded to US$ 62.39 Billion by the end of 2033 from its 2022 valuation of US$ 15.23 Billion. This market is anticipated to reach a value of US$ 17.1 Billion in 2023 and is expected to expand at a CAGR of 12.8% from 2023 to 2033.An effective strategy for managing corporate cybersecurity risk can be summed up as enterprise governance, risk, and compliance. An organisation must have a system to handle cyber hazards without interfering with business operations due to the rising frequency of cyber security risks; these systems are known as enterprise governance, risk, and compliance systems.
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Enterprise Governance, Risk, and Compliance (GRC) refers to the systematic approach organizations use to manage their operations and ensure compliance with laws, regulations, and internal policies. It is a multi-disciplinary approach that integrates governance, risk management, and compliance activities to provide a comprehensive solution for managing risk. The Enterprise GRC market refers to the various products and services offered to help organizations manage their GRC activities more effectively.
The Enterprise GRC market has grown significantly in recent years due to increased regulatory pressure and the need for organizations to effectively manage risk. This has led to the development of various software and technology-based solutions, including risk management software, compliance management software, and governance management software, which help organizations automate their GRC processes and ensure compliance with regulations. The demand for these solutions is driven by various factors, including the increasing complexity of regulations, the need for efficient risk management processes, and the increasing demand for transparency and accountability in organizations.
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Companies
IBM Corporation
Microsoft
Oracle
SAP
SAS Institute
Thomson Reuters
Wolters Kluwer
Dell EMC
FIS
MetricStream
Software AG
SAI Global
ProcessGene
LogicManager
NAVEX Global
Ideagen
Alyne
MEGA International
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Main Segments of Enterprise, Governance, Risk and Compliance Market Industry Research
By Solution :
Software
Audit Management
Risk Management
Business Continuity
Compliance & Policy Management
Information Security & Data Management
Regulatory Change Management
Services
Consulting
Integration & Implementation
Support & Maintenance
By Organization size :
Large Enterprise
Medium Enterprise
Small Enterprise
By Vertical :
Aerospace & Defense
Automotive
Consumer goods & Retail
Healthcare & Life science
ITES & Telecom
Others
By Region :
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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