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Market Snapshot

CAGR:9.05

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.05

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Report Overview

The eGRC (Enterprise Governance, Risk Management, and Compliance) Market is projected to expand at a CAGR of 7.85% between 2022 and 2032. This growth trajectory signifies an increment in market size by USD 9,621.78 million during the forecast period. The evolution of the market hinges on several factors, including the increasing emphasis on regulatory compliance, the adoption of integrated risk management solutions, and the need for efficient governance across diverse industries. eGRC solutions encompass the technological infrastructure and strategies employed by enterprises to manage risks, comply with regulations, and ensure effective governance practices.

eGRC Market Overview:

Drivers:

The imperative for regulatory compliance is a primary driver of the eGRC Market's expansion. With a complex web of regulations spanning industries, enterprises are seeking robust eGRC solutions to streamline compliance efforts and mitigate regulatory risks.

Furthermore, the adoption of integrated risk management solutions contributes significantly to market growth. Integrated eGRC platforms provide a holistic view of an organization's risk landscape, enabling better risk assessment, mitigation, and management.

Trends:

The integration of Artificial Intelligence (AI) and Machine Learning (ML) into eGRC solutions is a pivotal trend shaping the market. AI and ML empower eGRC platforms to analyze vast datasets, detect emerging risks, and provide predictive insights, enhancing risk management strategies.

Additionally, the convergence of eGRC and cybersecurity is gaining traction. As cyber threats escalate, organizations are recognizing the symbiotic relationship between effective governance and robust cybersecurity measures.

Restraints:

The complexity of implementing eGRC solutions across diverse business units and processes poses challenges for market growth. Integrating eGRC seamlessly requires organizational alignment, change management, and significant coordination.

Moreover, concerns about data privacy and security in eGRC systems hinder adoption. Enterprises must ensure that sensitive data is appropriately handled and protected within these solutions.

eGRC Market Segmentation By Solution:

The Risk Management segment is anticipated to exhibit substantial growth during the forecast period. Risk management solutions provide organizations with the tools to identify, assess, and mitigate a wide range of risks across their operations.

Additionally, the Compliance Management segment is poised for expansion. Enterprises are focusing on complying with an ever-evolving regulatory landscape, demanding effective compliance management solutions.

eGRC Market Segmentation By Deployment Mode:

The Cloud-based Deployment segment is a key growth driver for the eGRC Market. Cloud-based eGRC solutions offer scalability, accessibility, and reduced infrastructure costs, attracting enterprises looking for flexible and cost-effective solutions.

Regional Overview:

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North America is projected to contribute significantly to the global eGRC Market's growth. The region's stringent regulatory environment, coupled with the increasing emphasis on corporate governance, fosters demand for robust eGRC solutions. Europe is also poised for considerable growth as organizations prioritize risk management and compliance in the wake of regulatory changes.

eGRC Market Customer Landscape:

The eGRC Market report encompasses the customer adoption lifecycle, from early adopters to laggards. It examines adoption rates across industries and regions, considering factors such as regulatory maturity and industry-specific risks.

Major eGRC Market Companies:

Companies in the eGRC Market are adopting strategies like partnerships, acquisitions, and technological advancements to enhance their market presence.

IBM Corporation
RSA Security LLC
MetricStream Inc.
SAS Institute Inc.
Oracle Corporation
SAP SE
Thomson Reuters Corporation
Wolters Kluwer N.V.
NAVEX Global Inc.
LogicGate Inc.

Segment Overview:

The eGRC Market report projects growth by revenue at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

Solution Outlook (USD Million, 2019 - 2032)

Risk Management
Compliance Management
Policy Management
Audit Management
Incident Management
Others

Deployment Mode Outlook (USD Million, 2019 - 2032)

Cloud-based Deployment
On-premises Deployment

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
India

South America

Brazil
Argentina
Chile

Middle East & Africa

UAE
Saudi Arabia
South Africa

Key Benefits for Stakeholders

Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.

Global eGRC Market Size, Status and Forecast 2025

1 Industry Overview of eGRC

1.1 eGRC Market Overview

1.1.1 eGRC Product Scope

1.1.2 Market Status and Outlook

1.2 Global eGRC Market Size and Analysis by Regions (2013-2018)

1.2.1 United States

1.2.2 EU

1.2.3 Japan

1.2.4 China

1.2.5 India

1.2.6 Southeast Asia

1.3 eGRC Market by Type

1.3.1 Cloud

1.3.2 On-premises

1.4 eGRC Market by End Users/Application

1.4.1 Finance

1.4.2 IT

1.4.3 Legal

1.4.4 Operations

2 Global eGRC Competition Analysis by Players

2.1 eGRC Market Size (Value) by Players (2013-2018)

2.2 Competitive Status and Trend

2.2.1 Market Concentration Rate

2.2.2 Product/Service Differences

2.2.3 New Entrants

2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles

3.1 Microsoft (US)

3.1.1 Company Profile

3.1.2 Main Business/Business Overview

3.1.3 Products, Services and Solutions

3.1.4 eGRC Revenue (Million USD) (2013-2018)

3.1.5 Recent Developments

3.2 BWise (Netherlands)

3.2.1 Company Profile

3.2.2 Main Business/Business Overview

3.2.3 Products, Services and Solutions

3.2.4 eGRC Revenue (Million USD) (2013-2018)

3.2.5 Recent Developments

3.3 SAS Institute (US)

3.3.1 Company Profile

3.3.2 Main Business/Business Overview

3.3.3 Products, Services and Solutions

3.3.4 eGRC Revenue (Million USD) (2013-2018)

3.3.5 Recent Developments

3.4 IBM(US)

3.4.1 Company Profile

3.4.2 Main Business/Business Overview

3.4.3 Products, Services and Solutions

3.4.4 eGRC Revenue (Million USD) (2013-2018)

3.4.5 Recent Developments

3.5 FIS (US)

3.5.1 Company Profile

3.5.2 Main Business/Business Overview

3.5.3 Products, Services and Solutions

3.5.4 eGRC Revenue (Million USD) (2013-2018)

3.5.5 Recent Developments

3.6 Thomson Reuters (US)

3.6.1 Company Profile

3.6.2 Main Business/Business Overview

3.6.3 Products, Services and Solutions

3.6.4 eGRC Revenue (Million USD) (2013-2018)

3.6.5 Recent Developments

3.7 Wolters Kluwer (Netherlands)

3.7.1 Company Profile

3.7.2 Main Business/Business Overview

3.7.3 Products, Services and Solutions

3.7.4 eGRC Revenue (Million USD) (2013-2018)

3.7.5 Recent Developments

3.8 MetricStream (US)

3.8.1 Company Profile

3.8.2 Main Business/Business Overview

3.8.3 Products, Services and Solutions

3.8.4 eGRC Revenue (Million USD) (2013-2018)

3.8.5 Recent Developments

3.9 EMC Corporation (US)

3.9.1 Company Profile

3.9.2 Main Business/Business Overview

3.9.3 Products, Services and Solutions

3.9.4 eGRC Revenue (Million USD) (2013-2018)

3.9.5 Recent Developments

3.10 Oracle (US)

3.10.1 Company Profile

3.10.2 Main Business/Business Overview

3.10.3 Products, Services and Solutions

3.10.4 eGRC Revenue (Million USD) (2013-2018)

3.10.5 Recent Developments

3.11 SAP (Germany)

4 Global eGRC Market Size by Type and Application (2013-2018)

4.1 Global eGRC Market Size by Type (2013-2018)

4.2 Global eGRC Market Size by Application (2013-2018)

4.3 Potential Application of eGRC in Future

4.4 Top Consumer/End Users of eGRC

5 United States eGRC Development Status and Outlook

5.1 United States eGRC Market Size (2013-2018)

5.2 United States eGRC Market Size and Market Share by Players (2013-2018)

5.3 United States eGRC Market Size by Application (2013-2018)

6 EU eGRC Development Status and Outlook

6.1 EU eGRC Market Size (2013-2018)

6.2 EU eGRC Market Size and Market Share by Players (2013-2018)

6.3 EU eGRC Market Size by Application (2013-2018)

7 Japan eGRC Development Status and Outlook

7.1 Japan eGRC Market Size (2013-2018)

7.2 Japan eGRC Market Size and Market Share by Players (2013-2018)

7.3 Japan eGRC Market Size by Application (2013-2018)

8 China eGRC Development Status and Outlook

8.1 China eGRC Market Size (2013-2018)

8.2 China eGRC Market Size and Market Share by Players (2013-2018)

8.3 China eGRC Market Size by Application (2013-2018)

9 India eGRC Development Status and Outlook

9.1 India eGRC Market Size (2013-2018)

9.2 India eGRC Market Size and Market Share by Players (2013-2018)

9.3 India eGRC Market Size by Application (2013-2018)

10 Southeast Asia eGRC Development Status and Outlook

10.1 Southeast Asia eGRC Market Size (2013-2018)

10.2 Southeast Asia eGRC Market Size and Market Share by Players (2013-2018)

10.3 Southeast Asia eGRC Market Size by Application (2013-2018)

11 Market Forecast by Regions, Type and Application (2018-2025)

11.1 Global eGRC Market Size (Value) by Regions (2018-2025)

11.1.1 United States eGRC Revenue and Growth Rate (2018-2025)

11.1.2 EU eGRC Revenue and Growth Rate (2018-2025)

11.1.3 Japan eGRC Revenue and Growth Rate (2018-2025)

11.1.4 China eGRC Revenue and Growth Rate (2018-2025)

11.1.5 India eGRC Revenue and Growth Rate (2018-2025)

11.1.6 Southeast Asia eGRC Revenue and Growth Rate (2018-2025)

11.2 Global eGRC Market Size (Value) by Type (2018-2025)

11.3 Global eGRC Market Size by Application (2018-2025)

12 eGRC Market Dynamics

12.1 eGRC Market Opportunities

12.2 eGRC Challenge and Risk

12.2.1 Competition from Opponents

12.2.2 Downside Risks of Economy

12.3 eGRC Market Constraints and Threat

12.3.1 Threat from Substitute

12.3.2 Government Policy

12.3.3 Technology Risks

12.4 eGRC Market Driving Force

12.4.1 Growing Demand from Emerging Markets

12.4.2 Potential Application

13 Market Effect Factors Analysis

13.1 Technology Progress/Risk

13.1.1 Substitutes

13.1.2 Technology Progress in Related Industry

13.2 Consumer Needs Trend/Customer Preference

13.3 External Environmental Change

13.3.1 Economic Fluctuations

13.3.2 Other Risk Factors

14 Research Finding/Conclusion

15 Appendix

Methodology

Analyst Introduction

Data Source

Figure Global eGRC Market Size (Million USD) Status and Outlook (2013-2018)

Table Global eGRC Revenue (Million USD) Comparison by Regions (2013-2018)

Figure Global eGRC Market Share by Regions (2013-2018)

Figure United States eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Figure EU eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Figure Japan eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Figure China eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Figure India eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Figure Southeast Asia eGRC Market Size (Million USD) and Growth Rate by Regions (2013-2018)

Table Global eGRC Revenue (Million USD) and Growth Rate (%) Comparison by Product (2013-2018)

Figure Global eGRC Revenue Market Share by Type in 2017

Figure Cloud Market Size (Million USD) and Growth Rate (2013-2018)

Figure On-premises Market Size (Million USD) and Growth Rate (2013-2018)

Figure Global eGRC Market Share by Application in 2017

Figure eGRC Market Size (Million USD) and Growth Rate in Finance (2013-2018)

Figure eGRC Market Size (Million USD) and Growth Rate in IT (2013-2018)

Figure eGRC Market Size (Million USD) and Growth Rate in Legal (2013-2018)

Figure eGRC Market Size (Million USD) and Growth Rate in Operations (2013-2018)

Table eGRC Market Size (Million USD) by Players (2013-2018)

Figure eGRC Market Size Share by Players in 2013

Figure eGRC Market Size Share by Players in 2017

Table Microsoft (US) Basic Information List

Table eGRC Business Revenue (Million USD) of Microsoft (US) (2013-2018)

Figure Microsoft (US) eGRC Business Revenue Market Share (2013-2018)

Table BWise (Netherlands) Basic Information List

Table eGRC Business Revenue (Million USD) of BWise (Netherlands) (2013-2018)

Figure BWise (Netherlands) eGRC Business Revenue Market Share (2013-2018)

Table SAS Institute (US) Basic Information List

Table eGRC Business Revenue (Million USD) of SAS Institute (US) (2013-2018)

Figure SAS Institute (US) eGRC Business Revenue Market Share (2013-2018)

Table IBM(US) Basic Information List

Table eGRC Business Revenue (Million USD) of IBM(US) (2013-2018)

Figure IBM(US) eGRC Business Revenue Market Share (2013-2018)

Table FIS (US) Basic Information List

Table eGRC Business Revenue (Million USD) of FIS (US) (2013-2018)

Figure FIS (US) eGRC Business Revenue Market Share (2013-2018)

Table Thomson Reuters (US) Basic Information List

Table eGRC Business Revenue (Million USD) of Thomson Reuters (US) (2013-2018)

Figure Thomson Reuters (US) eGRC Business Revenue Market Share (2013-2018)

Table Wolters Kluwer (Netherlands) Basic Information List

Table eGRC Business Revenue (Million USD) of Wolters Kluwer (Netherlands) (2013-2018)

Figure Wolters Kluwer (Netherlands) eGRC Business Revenue Market Share (2013-2018)

Table MetricStream (US) Basic Information List

Table eGRC Business Revenue (Million USD) of MetricStream (US) (2013-2018)

Figure MetricStream (US) eGRC Business Revenue Market Share (2013-2018)

Table EMC Corporation (US) Basic Information List

Table eGRC Business Revenue (Million USD) of EMC Corporation (US) (2013-2018)

Figure EMC Corporation (US) eGRC Business Revenue Market Share (2013-2018)

Table Oracle (US) Basic Information List

Table eGRC Business Revenue (Million USD) of Oracle (US) (2013-2018)

Figure Oracle (US) eGRC Business Revenue Market Share (2013-2018)

Table SAP (Germany) Basic Information List

Table eGRC Business Revenue (Million USD) of SAP (Germany) (2013-2018)

Figure SAP (Germany) eGRC Business Revenue Market Share (2013-2018)

Table Global eGRC Market Size (Million USD) by Product (2013-2018)

Figure Global eGRC Revenue Market Share (%) by Product (2013-2018)

Figure Global eGRC Market Share by Product in 2017

Table Global eGRC Market Size by Application (2013-2018)

Figure Global eGRC Revenue Market Share (%) by Application in 2017

Table Top Consumer/End Users of eGRC

Figure United States eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table United States eGRC Market Size (Million USD) by Players (2013-2018)

Figure United States eGRC Market Size Share by Players in 2013

Figure United States eGRC Market Size Share by Players in 2017

Table United States eGRC Market Size by Application (2013-2018)

Figure United States eGRC Revenue Market Share (%) by Application (2013-2018)

Figure United States eGRC Market Size Share by Application in 2017

Figure EU eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table EU eGRC Market Size (Million USD) by Players (2013-2018)

Figure EU eGRC Market Size Share by Players in 2013

Figure EU eGRC Market Size Share by Players in 2017

Table EU eGRC Market Size by Application (2013-2018)

Figure EU eGRC Revenue Market Share (%) by Application (2013-2018)

Figure EU eGRC Market Size Share by Application in 2017

Figure Japan eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table Japan eGRC Market Size (Million USD) by Players (2013-2018)

Figure Japan eGRC Market Size Share by Players in 2013

Figure Japan eGRC Market Size Share by Players in 2017

Table Japan eGRC Market Size by Application (2013-2018)

Figure Japan eGRC Revenue Market Share (%) by Application (2013-2018)

Figure Japan eGRC Market Size Share by Application in 2017

Figure China eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table China eGRC Market Size (Million USD) by Players (2013-2018)

Figure China eGRC Market Size Share by Players in 2013

Figure China eGRC Market Size Share by Players in 2017

Table China eGRC Market Size by Application (2013-2018)

Figure China eGRC Revenue Market Share (%) by Application (2013-2018)

Figure China eGRC Market Size Share by Application in 2017

Figure India eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table India eGRC Market Size (Million USD) by Players (2013-2018)

Figure India eGRC Market Size Share by Players in 2013

Figure India eGRC Market Size Share by Players in 2017

Table India eGRC Market Size by Application (2013-2018)

Figure India eGRC Revenue Market Share (%) by Application (2013-2018)

Figure India eGRC Market Size Share by Application in 2017

Figure Southeast Asia eGRC Market Size (Million USD) and Growth Rate (2013-2018)

Table Southeast Asia eGRC Market Size (Million USD) by Players (2013-2018)

Figure Southeast Asia eGRC Market Size Share by Players in 2013

Figure Southeast Asia eGRC Market Size Share by Players in 2017

Table Southeast Asia eGRC Market Size by Application (2013-2018)

Figure Southeast Asia eGRC Revenue Market Share (%) by Application (2013-2018)

Figure Southeast Asia eGRC Market Size Share by Application in 2017

Figure Global eGRC Market Size and Growth Rate (2018-2025)

Table Global eGRC Market Size (Million USD) by Regions (2018-2025)

Figure Global eGRC Market Size Share (2018-2025)

Figure Global eGRC Market Size Share by Regions in 2025

Figure United States eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Figure EU eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Figure Japan eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Figure China eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Figure India eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Figure Southeast Asia eGRC Revenue (Million USD) and Growth Rate (2018-2025)

Table Global eGRC Market Size (Million USD) by Type (2018-2025)

Figure Global eGRC Market Size Share by Type in 2018

Figure Global eGRC Market Size Share by Type in 2025

Table Global eGRC Market Size (Million USD) by Application (2018-2025)

Figure Global eGRC Market Size (Million USD) by Application in 2018

Figure Global eGRC Market Size (Million USD) by Application in 2025

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Egrc Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032