Enterprise Governance Risk Compliance Market 2022
Starting with the overview of Enterprise Governance Risk Compliance Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2029.
The global enterprise governance, risk and compliance (eGRC) market is anticipated to exhibit a CAGR of 8% over the forecast period (2019-2029). Organizations have started implementing enterprise governance, risk and compliance solutions to manage risks and seize opportunities so as to achieve their varied objectives.
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Preference for eGRC solutions among various organizations has substantially increased over the years, attributed to their feature of identifying potential risks in software. Increasing digitalization in companies is demanding the safety and transparency of work so that risk of losing data is avoided. The need to prevent fraud and theft is the main factor driving the installation of enterprise governance, risk and compliance software.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Dell EMC , FIS, HCL Technologies Limited, IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, THOMSON REUTERS, Wolters Kluwer, RSA Security LLC., MetricStream Inc., PwC, SAI Global Pty Limited, MITRATECH and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Enterprise Governance Risk Compliance.
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Key Takeaways of eGRC Market Study
- Need for managing policies and regulations in the government sector is anticipated to drive the growth of the enterprise governance, risk and compliance market during the forecast period.
- Importance of maintaining historical company records coupled with continued rise in the adoption of paperless solutions are significant factors that are driving the growth of the enterprise governance, risk and compliance market.
- Installation of eGRC software for compliance and policy management is expected to gain significant traction.
- Asia Pacific excluding Japan is expected to remain the key region in the global enterprise governance, risk and compliance market, owing to increase in the adoption of eGRC solutions to manage various standards and ensure compliance with numerous regulations.
“Digitalization and sharing of vast data across the globe has led to different forms of cyber-attacks and threats, which leaves the day-to-day operations and business data across different companies at high risk. This results in increasing demand for enterprise governance, risk and compliance solutions, which is anticipated to be a significant factor driving market growth,” says a PMR analyst.
Strategic Alliances for Product Innovation Catalyzing Market Growth
Enterprise governance, risk and compliance solution providers are focusing on upgrading their products with new technologies to offer a wide range of solutions in different verticals. This eventually helps them expand their customer base. Companies are also partnering with other key players to improve their product offerings in the eGRC market space.
- For instance, in February 2019, SAP SE announced a strategic partnership with Verisk to develop next generation product compliance solutions. The partnership expands compliance platforms with regulatory content and business logic.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Enterprise Governance Risk Compliance Market Manufacturers
Enterprise Governance Risk Compliance Market Distributors/Traders/Wholesalers
Enterprise Governance Risk Compliance Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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