Press release
Global EGRC Market is led by North America, as per Maximize Market research
EGRC Market
EGRC Market Overview
The eGRC market consists of software solutions that assist businesses in managing their governance, risk, and compliance. eGRC involves the use of technology, policies, and processes to help businesses handle their risks, regulatory needs, and corporate governance.
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EGRC Market drivers
More stringent regulations such as GDPR and CCPA require strong compliance solutions, driving market expansion. The increasing number of cyberattacks is leading to a higher need for solutions that combine security and compliance functions. Developing regulations create great chances for businesses providing thorough compliance solutions. The combination of artificial intelligence and cloud computing provides creative and effective EGRC solutions. Customized solutions meeting unique needs of industries such as healthcare and finance are fueling implementation.
EGRC Market restraints
Large amounts of money spent on software, training, and infrastructure can discourage small and medium businesses. Incorporating EGRC solutions into current systems may require a significant amount of time and money. Inadequate staffing with expertise in EGRC practices is a barrier to successful implementation. Strict data privacy regulations such as GDPR limit data gathering and handling, affecting EGRC projects.
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EGRC Market regional analysis
North America holds a top position in the market because of its advanced technology, strict regulations, and strong risk management awareness. Asia Pacific is projected to experience swift expansion as a result of industrial development, digital modernization, and stricter regulatory measures.
EGRC Market additional insights
Incorporating AI and ML into EGRC solutions improves the forecasting of risks, decision-making processes, and the automation of compliance.
Cloud-native EGRC solutions and SaaS models provide scalability and cost-efficiency for overseeing governance, risk, and compliance procedures.
Market growth is further driven by strategic partnerships, mergers and acquisitions, and product innovations from key players.
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Recent News about EGRC market
17/7/2024 Enabling Agile Risk and Compliance Management through Digital Transformation
25/5/2021 PwC wins multiple technology awards for enterprise governance, risk, and compliance solutions
EGRC Market Segmentation
by Component
Software
Services
by Deployment
On-Premises
Cloud
by Organization Size
Small & Medium Enterprises
Large Enterprises
by Usage
Internal
External
by Business Function
Finance
IT
Legal
Operations
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EGRC Market Key Players
Key Players in North America
1. IBM Corporation (New York, United States)
2. Microsoft Corporation (New Mexico, United States)
3. Oracle Corporation (California, United States)
4. RSA Security LLC (Massachusetts, United States)
5. MetricStream Inc. (California, United States)
6. Dell Technologies (Texas, United States)
7. FIS (Florida, United States)
8. SAI Global (Illinois, United States)
9. NAVEX Global, Inc. (Oregon, United States)
10. LogicManager (Massachusetts, United States)
Key Players in Europe
11. SAP SE (Walldorf, Germany)
12. Software AG (Darmstadt, Germany)
13. Thomson Reuters Corporation (Toronto, Canada)
14. Wolters Kluwer N.V. (Alphen aan den Rijn, Netherlands)
15. Ideagen Plc (Nottingham, United Kingdom)
16. OneTrust, LLC (Georgia, United States)
17. Alyne (Munich, Germany)
Key Players in Asia Pacific
18. Infosys Limited (Bengaluru, India)
19. Blue Umbrella Limited (Quarry Bay, Hong Kong)
Key Players in the Middle East and Africa
20. ProcessGene (Israel)
Key questions answered in the EGRC Market are:
• What is the eGRC market?
• What segments are covered in the Global EGRC Market report?
• Which region is expected to hold the highest share in the Global EGRC Market?
• How big is the GRC market in 2024?
• What is the market size of the Global EGRC Market by 2030?
• What is the forecast period for the Global EGRC Market?
Key Offerings:
• Past EGRC Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• EGRC Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape - EGRC Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
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