Enterprise Governance, Risk, and Compliance (eGRC) Market to Significant Growth Foreseen by 2025
Enterprise, governance, risk, and compliance (eGRC) is a framework which combines repositories for controls, risks, laws and regulations, assessments, and policies etc among compliance officers, risk managers, business owners and auditor. Enterprise governance, risk, and compliance (eGRC) solutions offer many benefits some of them are consolidation of governance, risk and compliance (GRC) elements, make better and well informed decisions, improve efficiency and effectiveness by reducing the chance of replication of processes etc.
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Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Segmentation
Global enterprise governance, risk, and compliance (eGRC) market is classified into solution, service, vertical, and region.The global enterprise governance, risk, and compliance (eGRC) market can be segmented on the basis ofsolution which includes audit management solution, policy management solution, compliance management solution, risk management solution, financial control management solution and other solutions. On the basis of service the market can be segmented into consulting, implementation service and support. Vertical wise, the global enterprise governance, risk, and compliance (eGRC) market is segmented into telecom sector, media & entertainment sector, healthcare sector, public sector, retail sector, transportation sector, manufacturing sector, and energy and utility sector. Region wise, global enterprise governance, risk, and compliance (eGRC) market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).
Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Region-wise Outlook
The global enterprise governance, risk, and compliance (eGRC) market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025. The enterprise governance, risk, and compliance (eGRC) is gaining traction across verticals, which in turn is expected to create huge growth opportunity for key players operating in the enterprise governance, risk, and compliance (eGRC) Market.
Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Drivers
Organizations are becoming more aware regarding deployment of security solutions in their day to day business operations in order to secure and protect data and information from unauthorized access and cyber-attacks. In the past few years, number of cyber-attacks and data breaches have increased at a rapid rate. Therefore, growing number of risk factors against business data are expected to increase the adoption of security and compliance solutions across verticals, which in turn is expected to accelerate the growth of global enterprise governance, risk, and compliance (eGRC) market during the forecast period.
Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Restraints
Lack of awareness within organization and fluctuating regulatory policies are acting as restraints for enterprise governance, risk, and compliance (eGRC) market, and are expected to hinder the growth of the market to some extent.
Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Competitive Landscape
Key players in the global enterprise governance, risk, and compliance (eGRC) market focus on acquisition and mergers, offering advanced solutions and services in order to enhance customer experience and outperform competitors.
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Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Key Players
Some of the major players identified in the global enterprise governance, risk, and compliance (eGRC) market are SAP SE, SAS Institute Inc., Microsoft Corporation, IBM Corp, Oracle Corporation, EMC Corporation, Fidelity National Information Services, Inc. (FIS), Thomson Reuters Corporation, BWise BV and Newport Consulting Group, Llc etc.
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