Escalating Cyber-Attack Incidents Propel Growth In The Enterprise Governance, Risk, And Compliance (eGRC) Market: A Key Driver Powering Enterprise Governance, Risk and Compliance (eGRC) Market Growth In 2025

"The Enterprise Governance, Risk and Compliance (eGRC) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Enterprise Governance, Risk and Compliance (eGRC) Market Size Expected to Be by 2034?
The market size of enterprise governance, risk and compliance (eGRC) has seen fast-paced expansion lately. The value is set to increase from $40.62 billion in 2024 to $45.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.4%. The significant growth during the historic period can be associated with factors like the need for risk management, concerns about data security, challenges of globalization, the necessity of audit and accountability, and the desire for operational efficiency.

In the coming years, the market size of enterprise governance, risk and compliance (eGRC) is anticipated to witness significant growth. The projected growth will see it reach $83.78 billion by 2029, with a compound annual growth rate (CAGR) of 16.4%. Factors contributing to this growth in the predicted period include the evolving cybersecurity threat landscape, considerations towards climate and sustainability, real-time monitoring and reporting, as well as resilience planning. Emerging trends anticipated in the forecast period consist of regulatory technology (regtech) evolution, the integration of advanced analytics and AI, emphasis on cybersecurity risk, and regulatory technology (regtech) integration.

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What Are the Emerging Segments Within the Enterprise Governance, Risk and Compliance (eGRC) Market?
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 Long-Term Drivers Are Shaping Enterprise Governance, Risk and Compliance (eGRC) Market Trends?
The surge in cyber-attacks is set to enhance the expansion of the enterprise governance, risk, and compliance (eGRC) market. A cyber-attack is an unauthorized attempt to access a computer, system, or network with malicious intent. Global organizations are increasingly opting for eGRC solutions due to its array of features, including risk and compliance management, business resilience applications, and financial audit management. For example, The Department for Science, Innovation, and Technology, a UK government department, reported in April 2024 that UK businesses encountered roughly 7.78 million diverse cybercrimes, as well as around 116,000 non-phishing cybercrimes in the previous year. The report also suggests that UK charities experienced approximately 924,000 varied cybercrimes over the same duration. Hence, the escalation in cyber-attack incidents is fueling the growth of the enterprise governance, risk, and compliance (eGRC) market.

Who Are the Top Competitors in Key Enterprise Governance, Risk and Compliance (eGRC) Market Segments?
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.

What Are the Major Trends Shaping the Enterprise Governance, Risk and Compliance (eGRC) Market?
The increasing progress in technology is a notable trend that is gaining traction in the enterprise governance, risk, and compliance (eGRC) sector. Major businesses involved in the eGRC industry are focusing on the invention of new technological solutions to solidify their standing. For example, in January 2022, MetricStream, an American software company operating in the integrated risk management (IRM) and governance, risk, and compliance (GRC) sector, introduced an AI (artificial intelligence), deep domain capabilities, and risk quantification embedded solution, namely ConnectedGRC. This solution addresses various pressing business issues concerning risk, compliance, auditing, cyber threats, and environmental, social, and governance (ESG) matters. MetricStream's comprehensive GRC software enables professionals to cooperate more efficiently, exchange data, and manage risk in a quantitative manner. BusinessGRC, CyberGRC, and ESGRC are three separate product lines offered by ConnectedGRC.

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Which Regions Are Becoming Hubs for Enterprise Governance, Risk and Compliance (eGRC) Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enterprise Governance, Risk and Compliance (eGRC) Market?
2. What is the CAGR expected in the Enterprise Governance, Risk and Compliance (eGRC) Market?
3. What Are the Key Innovations Transforming the Enterprise Governance, Risk and Compliance (eGRC) Industry?
4. Which Region Is Leading the Enterprise Governance, Risk and Compliance (eGRC) Market?

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