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Enterprise governance, risk and compliance market projected to $31.77 billion by 2020

Enterprise governance risk and compliance market categorizes the global eGRC market by solution as compliance, audit, risk, policy & incident management, by services as consulting, support & maintenance, and integration & by region.

The report"Enterprise Governance, Risk, and Compliance (eGRC) Market by Solution (Compliance, Audit, Risk, Policy & Incident Management), Services (Consulting, Support & Maintenance, and Integration) – Global Forecast to 2020"defines and segments the global eGRC market into various sub-segments with an in-depth analysis and estimation of market size. The report also identifies the factors driving this market, various restraints, and opportunities impacting it, along with the technology roadmap and adoption trends.

The challenge to counter the increasing number of data breaches and compliance violations in organizations is enormous. The vendors in the eGRC market are constantly innovating and remodeling their existing architecture to develop better and more secure systems.

Major vendors in the eGRC market are Microsoft, IBM, EMC Corporation, Oracle, SAP, SAS, Nasdaq BWise, FIS, and Thomson Reuters. Some other key innovators and leading service providers in this market include Newport Consulting Group, Protiviti, LogicManager, GuidanceSoftware, Software AG, LockPath, Mega, MetricStream Inc, Modulo, Resolver, and Rsam.

The major forces driving this market are growing business risks and the rising number of data breaches and compliance violations.

MarketsandMarkets broadly segments the global enterprise governance, risk and compliance market by region: North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America; by solution: compliance management, audit management, risk management, policy management, incident management, financial controls management, and others; by services: consulting, integration, and support; by end user: Small and Medium Businesses (SMBs) and enterprises; by industry vertical: BFSI, construction and engineering, energy and utility, government, healthcare, manufacturing, mining and natural resources, retail and consumer goods, telecom and IT, and transportation and logistics.

MarketsandMarkets forecasts the global enterprise governance, risk, and compliance market to grow from $15.98 Billion in 2015 to $31.77 Billion by 2020, at a CAGR of 14.7% from 2015 to 2020. In terms of regions, North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction during the forecast period.

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MarketsandMarkets™ - Business ResearchMarketsandMarkets™
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