Press release
Enterprise Governance, Risk & Compliance Market Forecasted to Reach US$ 29.3 Bn by 2024
Proliferation of digitization and data-sharing trends threatening the cyber security of an enterprise
Increasing regulatory complexity in Life Science industry
Need for ergonomic risk management systems and transparent compliance models among large enterprises
Rapid adoption of cloud-based quality management systems
Deployment of data analytics solutions with compliance management programs
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/enterprise-governance-risk-compliance-market.asp
Continued viability of an enterprise is ensured by the effective policies & procedures governing it, and by a sense of amenability drawn in through employees and other assets. Thereupon, enterprises need to adopt efficient Governance, Risk and Compliance solutions that offer integration and automation capabilities to synchronically align their businesses. Diminished operating budgets, downsizing, and lack of training are additional challenges faced by enterprises, compelling them to adopt such solutions. The global demand for enterprise governance, risk & compliance solutions is also advancing by initiatives undertaken by management personnel in an enterprise towards leveraging their operational efficiency. According to the latest study offered by Persistence Market Research, the global market for enterprise governance, risk & compliance (EGRC) is expected to bring in over US$ 29.3 Bn revenues by the end of 2024.
The report reveals that in 2016, more than US$ 6 Bn worth of EGRC revenues emanated from the US and Canada. In the years to come, companies based in North America will be actively adopting enterprise governance, risk & compliance solutions to boost their operational efficiency. With over 40% stake in the global market value, North America’s EGRC market is anticipated to be valued at US$ 13.1 Bn by the end of 2024. Besides, Western Europe and the Asia-Pacific excluding Japan region will also show impressive contribution to the global enterprise governance, risk & compliance market. These two regions, collectively, are projected to procure over 30% of global EGRC market through the end of the forecast period.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4754
The report has profiled companies prominent for delivering EGRC solutions across a vast range of industrial end-users. These include IBM Corporation, Oracle Corporation, SAP SE, Thomson Reuters Corporation, Wolters Kluwer NV, Dell Inc., Metric Stream, Inc., Deloitte Touche Tohmatsu Limited, SAI Global Limited and Fidelity National Information Services, Inc.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/enterprise-governance-risk-compliance-market/toc
The report further reveals that a majority of EGRC solution implemented by companies will be deployed through cloud-based framework. As demand for on-premise EGRC solutions dips, more than 70% of market revenues will be arising from cloud-based deployment. Among which, demand for audit management and risk management software will gain traction, bringing in over US$ 11 Bn by 2024-end. The market will keep witnessing higher contribution from large enterprises, while medium and small enterprises will continue to consolidate their presence in global EGRC revenues. Furthermore, the report also projects that nearly two-third of global EGRC market value will be accounted by sales of enterprise governance, risk & compliance solutions in healthcare & life science enterprises.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Enterprise Governance, Risk & Compliance Market Forecasted to Reach US$ 29.3 Bn by 2024 here
News-ID: 613601 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for EGRC
eGRC Market Detailed In New Research Report 2025
Global eGRC Market size was valued at USD 12.90 billion in 2021 and is poised to grow from USD 14.55 billion in 2023 to USD 38.14 billion by 2030, at a CAGR of 12.8% during the forecast period (2024-2030).
The Research report on eGRC Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.…
"eGRC Market to Reach USD 74.52 Billion by 2026| At 12.4% CAGR | eGRC Solutions …
According to the report, the global eGRC industry was estimated at $29.37 billion in 2018 and is anticipated to hit $74.52 billion by 2026, registering a CAGR of 12.4% from 2019 to 2026.
Increase in data and security breaches in enterprises, rise in stringent government regulatory compliances, development of IoT landscape, and surge in adoption of risk & compliance management among financial institutions fuel the growth of the global…
eGRC Market Size, Share, Industry, Forecast to 2030
The eGRC Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global eGRC market. This report explores all the key factors affecting the growth of the global eGRC market, including demand-supply scenario, pricing…
eGRC Market Growth Forecast Report 2023-2030
Pre and Post-Covid Report Is Covered | Final Report Will Add the Analysis of the Impact of Russia-Ukraine War and COVID-19 on This Industry.
Global "eGRC Market" Research Report 2023 is spread across 107 pages and provides Size, Share, Growth, and Forecast with exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector.
Get a sample PDF of the report -https://www.marketreportsworld.com/enquiry/request-sample/23498965
eGRC Market research report offers New Insight updates…
eGRC Market Share, Size, Opportunity, Trends and Forecast 2027
the global eGRC market size is expected to grow from an estimated value of USD 14.9 billion in 2022 to USD 27.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.6% from 2022 to 2027. Various factors contribute to the growth of the eGRC market. These include the increasing need to meet stringent compliance mandates, the growing need for a holistic view of data, and the increased…
Enterprise Governance, Risk and Compliance (EGRC) Market
The global enterprise governance, risk & compliance market size is expected to reach USD 25,220 Million by 2029 according to a new study conducted by Persistence Market Research (PMR). The report also says that the Enterprise Governance, Risk and Compliance (EGRC) Market will have a CAGR of 7.8% from 2022 to 2029.
The market for enterprise governance, risk, and compliance manages, monitors, and defines external and internal business environments efficiently. The…
