Enterprise Governance, Risk, and Compliance (eGRC) market is said to have a potential scope for growth in the years to come due to the number of increasing industries that need to avoid non-compliance with the corporate and government regulations.
- Agency -.
The growing business partnerships and associations, government regulations and compliance mandates, and the increasing use of data are some of the major driving factors for the market. The eGRC market size 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 major eGRC vendors are Microsoft (Washington, US), BWise (Rosmalen, Netherlands), SAS Institute Inc. (North Carolina, US), IBM Corporation (New York, US), FIS (Florida, US), Thomson Reuters (New York, US), Wolters Kluwer (Alphen aan den Rijn, Netherlands), MetricStream Inc.
- Agency -.
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.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (20%); Tier 2 (45%) and Tier 3 (35%) companies were contacted for interviews.
The interviews were conducted with various key people such as C level (48%), Director Level (37%) and others (15%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (26%), Europe (45%), North America (22%), and Row (7%).
- eGRC solution and service providers
- Governance, Risk Management, Compliance (GRC) staff
- IT governance directors/managers
- IT risk directors/managers
- IT compliance directors/managers
- IT audit directors/managers
- Information security directors/managers
- IT directors/consultants
- End users/consumers/enterprise users
- Government organizations
APAC is estimated to grow with the highest CAGR during the forecasted period. Factors, such as continual growth in the mobile network, increasing complexity of business, unregulated nature of the internet, and growth in the adoption of Bring Your Own Device (BYOD) are driving the eGRC market in the APAC region.
The North American region is expected to have the largest market share during the forecast period. The main driving factors for the market are the need for increasing operational efficiency and reduced costs, the growing business partnerships and associations, the increasing use of data, and the government regulations and compliance mandates.
Browse another related report
1) Critical Infrastructure Protection Market by Security Technology (Network Security, Physical Security, Radars, CBRNE, Vehicle Identification, Secure Communication, SCADA, Building Management) ,
Report: www.rnrmarketresearch.com/contacts…mple?rname=100834 The CIP market size is estimated to grow from USD 110.41 billion in 2017 to USD 153.16 billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 6.8%.
Category: Market Research Publishers and RetailersCompany profile: RnRMarketResearch.com is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.
For more information: