Escalating Cyber-Attack Incidents Propel Growth In The Enterprise Governance, Risk, And Compliance (eGRC) Market: A Key Factor Shaping the Future of the Enterprise Governance, Risk and Compliance (eGRC) Market in 2025

How Are the key drivers contributing to the expansion of the enterprise governance, risk and compliance (egrc) market?
The surge in cyber-attack occurrences is projected to stimulate the expansion of the enterprise governance, risk, and compliance (eGRC) market. Cyber attacks involve unauthorized attempts to enter a computer or computing system, or a computer network, with the motive of inflicting harm. Globally, companies are implementing eGRC solutions to tap into various features like risk and compliance management, business resiliency applications, and financial audit management. For example, reports from The Department for Science, Innovation, and Technology, a government department in the UK, revealed in April 2024 that around 7.78 million distinct cybercrimes and approximately 116,000 non-phishing cybercrimes were encountered by UK businesses in 2023. UK charities also faced about 924,000 varied cybercrimes in the same timeframe. Hence, the upswing in cyber-attack episodes is fueling the growth of the enterprise governance, risk, and compliance (eGRC) market.

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What growth opportunities are expected to drive the enterprise governance, risk and compliance (egrc) market's CAGR through 2034?
In recent times, there has been a swift expansion in the enterprise governance, risk, and compliance (eGRC) market. The market size is projected to increase from $40.62 billion in 2024 to $45.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.4%. Factors such as the need for risk management, data security issues, challenges associated with globalization, the requirement for audit and accountability, and the demand for operational efficiency have contributed to this growth during the historic period.

Expectations are high for the enterprise governance, risk and compliance (eGRC) market, with predictions of substantial growth in the coming years. The market size is projected to reach $83.78 billion by 2029, with a compound annual growth rate (CAGR) of 16.4%. Various factors such as cybersecurity threats, climate and sustainability issues, real-time monitoring and reporting, and resilience planning are likely to fuel this growth during the forecast period. Within this same period, the eGRC market is set to witness significant trends like the evolution of regulatory technology (regtech), advanced analytics and AI, technology integration, focus on cybersecurity risk, and integration of regtech.

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What are the emerging trends shaping the future of the enterprise governance, risk and compliance (egrc) market?
Significant advancements in technology are emerging as a prevalent trend within the enterprise governance, risk, and compliance (eGRC) market. Numerous corporations in this sector are aiming to innovate new tech-savvy solutions to fortify their standing. For example, in January 2022, MetricStream, an American software firm active in the integrated risk management (IRM) and governance, risk, and compliance (GRC) fields, introduced an AI (artificial intelligence), deep domain capabilities, and risk quantification capabilities integrated solution, ConnectedGRC. This innovation was to address a multitude of critical business issues concerning risk, compliance, auditing, cyber risks, and environmental, social, and governance (ESG). Using MetricStream's comprehensive GRC software, specialists can work together more effectively, disseminate information, and take a quantitative approach to risk management. The ConnectedGRC ranks in three different product sectors: BusinessGRC, CyberGRC, and ESGRC.

Which growth-oriented segments of the enterprise governance, risk and compliance (egrc) market are leading the industry's development?
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

Subsegments:
1) By Software: Risk Management Software, Compliance Management Software, Audit Management Software, Policy Management Software, Incident Management Software, Third-Party Risk Management Software, Business Continuity Management Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Managed Services

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What regions are leading the charge in the enterprise governance, risk and compliance (egrc) market?
North America was the largest region in the enterprise, governance, risk, and governance (eGRC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise governance, risk and compliance (egrc) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the enterprise governance, risk and compliance (egrc) market?
Major companies operating in the enterprise governance, risk and compliance (eGRC) market include Microsoft Corporation, 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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What Is Covered In The Enterprise Governance, Risk and Compliance (eGRC) Global Market Report?

•Market Size Forecast: Examine the enterprise governance, risk and compliance (egrc) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enterprise governance, risk and compliance (egrc) market for a structured understanding.
•Key Players Overview: Analyze major players in the enterprise governance, risk and compliance (egrc) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enterprise governance, risk and compliance (egrc) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enterprise governance, risk and compliance (egrc) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enterprise governance, risk and compliance (egrc) market.
•Industry Challenges: Identify potential risks and obstacles affecting the enterprise governance, risk and compliance (egrc) market.
•Competitive Landscape: Review strategic developments in the enterprise governance, risk and compliance (egrc) market, including expansions, agreements, and new product launches.

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