Nowadays, several organizations around the world are adopting automated and digital solutions at a rapid rate. It is further increasing the risk of data theft in those organizations. To battle the challenges of third-party exposure, Enterprise Governance, Risk & Compliance threats, reputation risk, and regulatory change, the adoption of eGRC will aid in the global enterprise governance, risk & compliance (eGRC) market growth during the forecast period.
For more information in the analysis of this report, visit www.fortunebusinessinsights.com/industry-reports/enterprise-governance-risk-and-compliance-egrc-market-101415
- Dell Technologies, Inc.
- EMC CORPORATION
- IBM Corporation
- MetricStream, Inc.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Thomson Reuters
- Wolters Kluwer N.V.
According to a published report by Fortune Business Insights, titled, “Enterprise Governance, Risk & Compliance (eGRC) Market Size, Share & Industry Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, Healthcare, Government, Energy & Utilities, Manufacturing, Retail & Consumer Goods, Telecom & IT and Others) and Regional Forecast, 2026,” the global enterprise governance, risk & compliance (eGRC) market is projected to reach USD 57.57 Billion by 2026, thereby exhibiting a CAGR of 13.2% during the forecast period. However, the report states that the global market was valued at USD 21.72 Billion in 2018. The report further provides an in-depth examination of the ongoing and latest trends with a focus on the business environment worldwide.
Request a Sample Copy of the Global Market Research Report www.fortunebusinessinsights.com/enquiry/request-sample-pdf/enterprise-governance-risk-and-compliance-egrc-market-101415
1. By Component
2. By Deployment
3. By Organization Size
- Large Enterprises
4. By End-Users
- Energy & Utilities
- Retail & Consumer Goods
- Telecom & IT
- Others (Transportation & Logistics, Construction, etc.)
- By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Russia, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Ability to Analyze and Reduce Organizational Risks to Boost Growth of Software Segment
In terms of component, the global enterprise governance, risk & compliance (eGRC) market is grouped into software and services. Amongst these, the software sub-segment is anticipated to generate a high global enterprise governance, risk & compliance (eGRC) market revenue during the forthcoming years. It will occur due to the urgent requirement for streamlined and automated GRC programs across the world. A rise in the need for analyzing regulatory policies, obligations, and requirements will also impact growth positively. Additionally, eGRC software has the capability of receiving actionable insights and analyzing them to decrease the risks with the help of business intelligence tools, machine learning technology, and analytics tools.
Rising Government Investment and Initiatives to Develop eGRC to Favor Growth in Asia Pacific
The global enterprise governance, risk & compliance (eGRC) market is geographically divided into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Out of these regions, North America and Europe are in the dominant positions in the global eGRC market. The growth is attributed to the increasing Enterprise Governance, Risk & Compliance threats in North America due to a rise in the dependency on digital tools. Moreover, in Europe, numerous enterprises are relying more on cloud-based business models which is likely to increase the market growth in the coming years. Also, rising implementation of latest technologies, such as cloud-based solutions, big data, connected devices for workplace integration, BYOD, social networking platforms, and other similar systems tend to bring about security threats. Even then, enterprises deploy them due to their performance-optimizing features and expensive nature.
Fortune Business Insights predicts that Asia Pacific will exhibit significantly high CAGR in the coming years due to the ongoing developments in emerging nations, namely, China, Japan, and India. The governments of these nations are investing huge amount in the research and development activities of big data and artificial intelligence. Moreover, the adoption of cloud-based solutions has rapidly increased in this region.
Order full Report www.fortunebusinessinsights.com/checkout-page/101415
IBM and Thomson Reuters Focus on Strategic Partnership for Developing a Combination of AI and Data
IBM, a multinational information technology company, based in the U.S., announced its partnership with Thomson Reuters, a Canadian multinational media conglomerate, headquartered in Canada in May 2019. The strategic collaboration would aid the banks in addressing the increasing regulatory requirements through a robust combination of real-time regulatory insights and artificial intelligence (AI). The developed solution is called RegTech and it would be delivered from IBM cloud.
Table of Content
5. Global eGRC Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights, and Forecast – By Component
5.3. Market Analysis, Insights, and Forecast – By Deployment Model
5.3.2. On premise
5.4. Market Analysis, Insights, and Forecast – By Organization Size
5.4.1. Large Enterprise
5.4.2. Small & Medium Business Enterprise
5.5. Market Analysis, Insights, and Forecast – By Vertical
5.5.4. Energy & Utilities
5.5.6. Retail & Consumer Goods
5.5.7. Telecom & IT
5.5.8. Others (Transportation & Logistics, Construction, etc.)
5.6. Market Analysis, Insights, and Forecast – By Region
5.6.1. North America
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. Latin America
6. North America eGRC Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights, and Forecast – By Component
6.3. Market Analysis, Insights, and Forecast – By Deployment Model
6.3.2. On premise
6.4. Market Analysis, Insights, and Forecast – By Organization Size
6.4.1. Large Enterprise
6.4.2. Small & Medium Business Enterprise
6.5. Market Analysis, Insights, and Forecast – By Vertical
6.5.4. Energy & Utilities
6.5.6. Retail & Consumer Goods
6.5.7. Telecom & IT
6.5.8. Others (Transportation & Logistics, Construction, etc.)
6.6. Market Analysis, Insights, and Forecast – By Country
7. Europe eGRC Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights, and Forecast – By Component
7.3. Market Analysis, Insights, and Forecast – By Deployment Model
7.3.2. On premise
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]