eGRC Market provides details on eGRC Market to 2022 and is expected to worth $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). North American region is expected to have the largest market share during the forecast period.
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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.
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. (California, US), EMC Corporation (Massachusetts, US), Oracle (California, US), and SAP SE (Walldorf, Germany).
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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.
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The 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.
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