Press release
eGRC Market to Reach USD 51.62 Billion by 2032 : Driven by AI, Cloud Adoption & Regulatory Complexity
EGRC Market
Market Overview
The Global eGRC market encompasses software, services, and integrated platforms that help organizations unify governance, risk management, and compliance functions across business functions and geographies. eGRC solutions empower enterprises to automate regulatory compliance processes, detect and mitigate risks in real‐time, and enhance operational transparency and decision‐making. Over the forecast period, the eGRC market is witnessing rapid adoption of AI and machine learning technologies, cloud‐native deployments, and unified risk dashboards that deliver predictive analytics and automated compliance workflows - key for modern digital enterprises facing stringent regulatory oversight, escalating cyber threats, and complex global operations.
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Market Size Outlook
Base Year (2024) Market Value USD 19.55 Billion
Forecast Period 2025-2032
Projected Market Value (2032) USD 51.62 Billion
Forecast CAGR (2025-2032) 12.9%
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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Market Key Growth Drivers
1. Increasing Regulatory Complexity:
Organizations globally face dynamic and evolving regulations (data privacy, cybersecurity, AML, ESG), driving demand for robust compliance and risk frameworks that eGRC solutions provide. Regulatory compliance remains the primary reason for strategic eGRC investments.
2. Rapid Adoption of Cloud and SaaS Models:
Cloud‐based eGRC solutions offer scalability, lower TCO, and flexibility, especially attractive for SMBs and distributed global enterprises.
3. AI & Machine Learning Integration:
AI‐enabled risk scoring, anomaly detection, and automated reporting enhance predictive capabilities, significantly improving compliance efficiency and risk visibility.
4. Escalating Cybersecurity Risks:
With increasing cyber threats, eGRC platforms integrate security governance and real‐time risk monitoring to protect data, ensure resiliency, and support incident response.
5. Expansion into Emerging Markets:
Developing regions like Asia‐Pacific are investing heavily in digital transformation and GRC practices, presenting high growth opportunities.
Market Challenges
1. Legacy System Integration:
Merging modern eGRC solutions with legacy IT systems and data silos continues to pose significant technical and operational hurdles.
2. High Implementation Costs:
Comprehensive eGRC adoption involves considerable investment in software, training, and change management, especially for mid‐sized enterprises.
3. Evolving Regulatory Landscape:
Frequent changes in laws require continuous solution updates and adaptability, challenging vendors and adopters alike.
4. Skills Gap:
Shortage of skilled GRC professionals slows effective deployment and optimization of complex eGRC platforms.
Recent Developments
• IBM & e& Partnership:
IBM partnered with UAE‐based e& to implement AI‐driven governance solutions that strengthen compliance and regulatory oversight.
• Thomson Reuters Acquires Materia:
In October 2024, Thomson Reuters acquired AI‐powered accounting assistant Materia to enhance compliance automation.
• Oracle Introduces FCCM Cloud Service:
Oracle launched the Financial Crime and Compliance Monitor (FCCM) Cloud Service targeting financial institutions to centralize compliance monitoring.
• Strategic Partnerships Across the Market:
MetricStream's cloud GRC integration with AWS Audit Manager and collaborations with Microsoft Azure exemplify platform enhancement and scaling efforts.
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Emerging Opportunities
• SME Adoption via Cloud:
Cloud‐native eGRC platforms reduce upfront costs for small and medium‐size enterprises, opening new customer segments.
• AI‐Driven Risk Automation:
Enterprises scaling AI for automated compliance workflows and advanced risk intelligence will see enhanced operational efficiency.
• Third‐Party Risk Management:
As outsourcing increases, third‐party compliance monitoring becomes a crucial eGRC use case.
• Real‐Time Control Validation:
Automation tools that validate compliance continuously will expand adoption across heavily regulated industries.
Market Key Players:
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)
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)
Frequently Asked Questions (FAQs)
1. What is the current global eGRC market size?
The global eGRC market was valued at USD 19.55 Billion in 2024 according to Maximize Market Research.
2. What is the expected market value by 2032?
It is projected to reach USD 51.62 Billion by 2032, growing at a CAGR of 12.9%.
3. Which factors are driving eGRC market growth?
Key drivers include increasing regulatory complexity, cloud adoption, AI integration, cybersecurity demands, and digital transformation efforts.
4. What are the main challenges in eGRC adoption?
Challenges are legacy system integration, high implementation costs, evolving regulatory requirements, and shortage of skilled GRC professionals.
5. Which regions are leading in eGRC adoption?
North America currently dominates due to strong regulatory ecosystems and technological maturity, while Asia‐Pacific is emerging rapidly.
6. What industries benefit most from eGRC?
High‐compliance sectors such as BFSI, healthcare, manufacturing, and public services benefit extensively from eGRC solutions.
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