Learn details of the Size, Trends - Industry Growth Report 2022
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The market for eGRC is expected to grow from USD 22.14 billion in 2017 to USD 43.87 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.7%. The regulatory and compliance mandate is a major factor driving the growth of the eGRC market.
The rising numbers of rules and regulations introduced by governing bodies for governing business operations are becoming essential for enterprises across the industry verticals. In order to achieve the desired outcomes, enterprises need to design and layout a plan of action.
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The changing structure of regulatory polices is expected to be a major restraint for the eGRC market. Regulatory policies differ from nation to nation as well as from business to business.
The structure of these varying regulatory policies, along with changing macro-economic factors, make it difficult for vendors to meet the end-users’ requirements.
The service segment in the eGRC market includes training and consulting, integration, and support. The integration services integrate the industry’s best practices to help organizations by deploying Governance, Risk, and Compliance (GRC) solutions and utilizing these solutions to their maximum potential.
The business function segment in the eGRC market includes finance, IT, legal, and operations. Finance GRC helps manage the financial process control, which includes business processes, such as segregation of roles and duties, monitoring internal and external audits, and authority to permit expenses beyond a particular amount.
Key Points From Table Of Content:
5 Market Overview
5.2 Financial Acts and Regulations
5.3 Non-Financial Acts and Regulation
5.4 Market Dynamics
184.108.40.206 Regulatory and Compliance Mandates
220.127.116.11 Rising Business Collaborations
18.104.22.168 Increasing Use of Data
22.214.171.124 Changing Structure of Regulatory Policies
126.96.36.199 Growing Market for Cloud-Based Businesses
188.8.131.52 Increasing Investment in Artificial Intelligence Enabled eGRC Solutions
184.108.40.206 Providing A Holistic eGRC Solution
220.127.116.11 Complexities Regarding Governing Security Across Byod and Cloud Platform
13 Company Profiles
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
13.1 International Business Machines Corporation
13.3 SAP SE
13.4 SAS Institute Inc.
13.5 Oracle Corporation
13.7 Fidelity National Information Services Inc.
13.8 Wolters Kluwer
13.9 Metricstream Inc.
13.10 Thomson Reuters
13.11 EMC Corporation (A Dell Company)
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