Enterprise Governance, Risk And Compliance (EGRC) Global Market Set to Skyrocket to $71.29 Billion By 2032 with an Impressive CAGR 14.5% | LogicGate Inc., SAI Global, Thomson Reuters, SAS Institute Inc., 360factors Inc.

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Enterprise Governance Risk and Compliance eGRC Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The enterprise governance, risk and compliance (EGRC) market size has grown rapidly in recent years. It will grow from $36.56 billion in 2023 to $41.52 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to risk management requirements, data security concerns, globalization challenges, audit and accountability needs, operational efficiency.

The enterprise governance, risk and compliance (EGRC) market size is expected to see rapid growth in the next few years. It will grow to $71.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to cybersecurity threat landscape, climate and sustainability considerations, real-time monitoring and reporting, resilience planning. Major trends in the forecast period include regulatory technology (regtech) evolution, advanced analytics and AI, technology integration, emphasis on cybersecurity risk, regulatory technology (regtech) integration.

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Market Segmentation:
The enterprise governance, risk and compliance (eGRC) market covered in this report is segmented -
1) By Component: Software, Services
2) By Organization Size: Large Enterprise, Small And Medium Enterprise
3) By Deployment Model: Cloud-Based, On-Premise
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Government, Energy And Utilities, Manufacturing, Retail And Consumer Goods, Telecom And Information Technology (IT), Other Verticals

Major Driver - Escalating Cyber-Attack Incidents Propel Growth In The Enterprise Governance, Risk, And Compliance (eGRC) Market
Increasing cyber-attack incidents are expected to propel the growth of the enterprise governance, risk, and compliance (eGRC) market going forward. A cyber-attack refers to any attempt to gain unauthorized access to a computer, computing system, or computer network with the intent to cause damage. Organizations globally are adopting eGRC solutions to leverage numerous features such as risk and compliance management, business resiliency applications, and financial audit management. For instance, according to a report published by SonicWall, a US-based cybersecurity company, there has been a 105% surge in ransomware cyberattacks in 2021. Governments saw an 1885% increase in cyberattacks, while the healthcare industry faced a 755% increase in cyberattacks in 2021. Therefore, the increasing cyber-attack incidents are driving the enterprise governance, risk, and compliance (eGRC) market growth.

Competitive Landscape:
Major companies operating in the enterprise governance, risk and compliance (EGRC) market report are Microsoft Corporation, The Archer-Daniels-Midland Company, The International Business Machines Corporation, Oracle Corporation, SAP SE, Thomson Reuters, Wolters Kluwer N.V., SAS Institute Inc., RSA Security LLC, Workiva, OneTrust LLC, MetricStream Inc., NAVEX Global Inc., Sword GRC, Riskonnect Inc., Resolver Inc., ACL Services Ltd., Convercent, ProcessUnity Inc., SureCloud, Lockpath, LogicManager Inc., Cura Software, LogicGate Inc., SAI Global, Quantivate LLC, Alyne GmbH, CyberSaint Security, 360factors Inc., ConvergePoint Inc., Bwise Beheer B.V.

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Top Trend - Innovative Solutions In Enterprise Governance, Risk, And Compliance (eGRC) Market
Major companies operating in the enterprise governance, risk, and compliance (eGRC) market are focused on developing technological innovations, such as document suite, to gain a competitive edge in the market. Document suites refer to a group of documents that are logically connected and often used together for a specific purpose. For instance, in May 2021, Wolters Kluwer N.V, a Netherlands-based information services company, launched Deposit and IRA Document Suite (DIDS). It's a comprehensive suite of documents and resources designed specifically for credit unions to help them manage their deposit and IRA accounts efficiently and compliantly. DIDS includes a wide range of document templates, such as account agreements, disclosures, forms, and amendments, for various types of deposit and IRA accounts.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Enterprise Governance Risk and Compliance eGRC Market Characteristics
3. Enterprise Governance Risk and Compliance eGRC Market Trends And Strategies
4. Enterprise Governance Risk and Compliance eGRC Market - Macro Economic Scenario
5. Enterprise Governance Risk and Compliance eGRC Market Size And Growth
…..
27. Enterprise Governance Risk and Compliance eGRC Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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