Enterprise Governance, Risk, and Compliance (eGRC) Market Synopsis

Enterprise Governance, Risk, and Compliance (eGRC) Market Size Was Valued at USD 55.3 Billion in 2023, and is Projected to Reach USD 182.5 Billion by 2032, Growing at a CAGR of 14.2% From 2024-2032.

The Enterprise Governance, Risk and Compliance (eGRC) market is a range of programs and services that nominates the corporate governance, risk management, and compliance solutions and services for an organization. eGRC solutions allow improving decision-making processes and their supporting functions by integrating the three essential elements of corporate governance, risk management, and compliance into a unified system. As integrated applications that use analytics, robotics, and cloud environments, eGRC tools empower organizations to uncover, measure, address, and manage risks while maintaining legal compliance.

  • The eGRC market is rapidly expanding because of the high level of regulations, growing threats from cyber-attacks, and the importance of sound governance mechanisms required in today’s organizations. That is why eGRC solutions play an important role in a rather intricate environment when companies have to navigate the web of compliance regulations across different industries while at the same time improving their business processes. Today, eGRC tools are being implemented by organizations to enhance their automation capability and thereby eliminate much of the manual work, as well as to reformulate their understanding of risks and become more engaged in risk management.
  • The organization has also continued to move online and digital through the digital transformation that has also helped fuel the demand for eGRC solutions.. With organizations today shifting towards cloud solutions and incorporation of technology in the management of their affairs, risk management has to be seamlessly incorporated. Solutions that integrate eGRC have also become popular due to emerging technologies like artificial intelligence and machine learning in predicting analytics and also improving the whole cycle of risk assessing. With growing awareness of sustainability and better corporate governance, the eGRC market is expected to expand in the future since organisations need to integrate their risk management approach to fit their overall strategies.

Enterprise Governance, Risk, and Compliance (eGRC) Market Trend Analysis

Rise of Cloud-Based eGRC Solutions

  • Investments from the business community into cloud-based eGRC solutions have become one of the key trends in the market during the past few years.. Many organizations are moving their eGRC functions to the cloud Consequently, the following advantages are associated with the flexibility, scalability, and cost-effectiveness. Mobile and hosted eGRC solutions provide stakeholders Read-only access to data, timely updates of the renewed compliance standards and better integration of stakeholders within an organization. This trend is fueled by the need for remote work opportunities as well as organizational needs to manage change of regulatory environments. Consequently, a further acting as an eGRC market driver which will likely foster both the competition and the further innovative advancement of cloud solutions.

Growing Demand for Integrated Solutions

  • The more chaotic the global marketplace becomes the larger the need for governance, risk management, and compliance solutions.. This is because organisations are turning to desperate, all-encompassing solutions that can cover various functions such as risk management and monitoring and governance reporting. This integration improves on the workflow and staff productivity besides extending coverage on risk and compliance issues. For example, as organisations seek to simplify operations and minimize the array of reliable systems they need to juggle, eGRC solutions suppliers that can provide a tightly integrated answer will be at an advantage in gaining market share and sales.

Enterprise Governance, Risk, and Compliance (eGRC) Market Segment Analysis:

Enterprise Governance, Risk, and Compliance (eGRC) Market Segmented on the basis of Component, Software, Service and Vertical.

By Component, software segment is expected to dominate the market during the forecast period

  • Among the market segments, it is predicted that the software segment will hold the largest market throughout the forecast period as the eGRC solutions help organizations manage these processes more efficiently. Awareness of the efficient management of risks and adherence to regulations is making executives redouble efforts, using eGRC software to automate business processes, improve data visibility, and produce reporting in real-time. Said software assists organizations in the detection and evaluation of risks and the development of strategies to manage them while meeting the most demanding legal requirements.
  • Moreover, social features that include artificial intelligence and machine learning are being incorporated into eGRC software, which improves on its ability of predictive analytics and or decision making abilities.. This segment is experiencing strong growth because it addresses a genuine need for software that can be easily scaled up, and offer great flexibility to the end user: investment in eGRC tools is rapidly expanding within this segment.

By Software, risk management segment expected to held the largest share

  • The largest revenue generating segment is the risk management segment within the eGRC software industry due to increasing concern from organizations on risk management across all operational domains.. In the complicated world where threats harm businesses on a daily basis whether on the Internet or regarding, compliance issues have turned into a crucial part of risk management. In this section the insight is provided of how organizations can evaluate threats, track risks in real time and develop strategic measures of protection.
  • Moreover, risk management software features with integrated analytics and reporting capabilities improve the clarity of managing risks and decision-making.. As the levels of business competition and the importance of operational continuity increasing continuously, the necessity of risk management solutions and the establishment of reliable organizational structures to address them indicate further growth of the eGRC software segment.

Enterprise Governance, Risk, and Compliance (eGRC) Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • By geography, the North American region is anticipated to give a strong surge to the market for eGRC during the course of the forecast period due to a stringent regulatory environment the increasing inclination towards global technologies and business entities operating in the region. Socio political factors have put high investment requirements relating to eGRC solutions across several industries such as finance, healthcare, manufacturing among others due to high compliance standards within the regional market.
  • Moreover, companies from North America are also paying more attention toward digital transformation projects, which involve eGRC solutions into the organization’s risk management and compliance frameworks.. As the importance of data protection increases, and as cyber risks become more common, the development of robust eGRC frameworks becomes even more important. Therefore, North America will remain the largest regional market for eGRC, holding a large demographic share because of the innovative market and focus on improving GMC and RM.

Active Key Players in the Enterprise Governance, Risk, and Compliance (eGRC) Market

  • Accenture (Ireland)
  • Diligent Corporation (USA)
  • FIS (USA)
  • Galvanize (Canada)
  • IBM Corporation (USA)
  • LogicManager (USA)
  • MetricStream (USA)
  • NAVEX Global (USA)
  • Oracle Corporation (USA)
  • Resolver (Canada)
  • RiskWatch International (USA)
  • RSA Security (USA)
  • SAI Global (Australia)
  • SAP SE (Germany)
  • Wolters Kluwer (Netherlands)
  • Other key Players

Global Enterprise Governance, Risk, and Compliance (eGRC) Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 55.3 Bn.

Forecast Period 2024-32 CAGR:

 14.2%

Market Size in 2032:

USD 182.5 Bn.

Segments Covered:

By Component

  • Software
  • Services

By Software

  • Audit Management
  • Compliance Management
  • Risk Management
  • Policy Management
  • Incident Management
  • Others

By Service

  • Integration
  • Consulting
  • Support

By Vertical

  • BFSI
  • Construction & Engineering
  • Energy & Utilities
  • Government
  • Healthcare
  • Manufacturing
  • Retail & consumer goods
  • Telecom & IT
  • Transportation & Logistics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Regulatory Compliance Requirements

Key Market Restraints:

  • High Implementation Costs

Key Opportunities:

  • Growing Demand for Integrated Solutions

Companies Covered in the report:

  • Accenture (Ireland), Diligent Corporation (USA), FIS (USA), Galvanize (Canada), IBM Corporation (USA), LogicManager (USA), and Other Major Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Enterprise Governance, Risk, and Compliance (eGRC) Market by Component
 4.1 Enterprise Governance, Risk, and Compliance (eGRC) Market Snapshot and Growth Engine
 4.2 Enterprise Governance, Risk, and Compliance (eGRC) Market Overview
 4.3 Software
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Software: Geographic Segmentation Analysis
 4.4 Services
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Services: Geographic Segmentation Analysis

Chapter 5: Enterprise Governance, Risk, and Compliance (eGRC) Market by Software
 5.1 Enterprise Governance, Risk, and Compliance (eGRC) Market Snapshot and Growth Engine
 5.2 Enterprise Governance, Risk, and Compliance (eGRC) Market Overview
 5.3 Audit Management
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Audit Management: Geographic Segmentation Analysis
 5.4 Compliance Management
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Compliance Management: Geographic Segmentation Analysis
 5.5 Risk Management
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Risk Management: Geographic Segmentation Analysis
 5.6 Policy Management
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Policy Management: Geographic Segmentation Analysis
 5.7 Incident Management
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Incident Management: Geographic Segmentation Analysis
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Geographic Segmentation Analysis

Chapter 6: Enterprise Governance, Risk, and Compliance (eGRC) Market by Service
 6.1 Enterprise Governance, Risk, and Compliance (eGRC) Market Snapshot and Growth Engine
 6.2 Enterprise Governance, Risk, and Compliance (eGRC) Market Overview
 6.3 Integration
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Integration: Geographic Segmentation Analysis
 6.4 Consulting
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Consulting: Geographic Segmentation Analysis
 6.5 Support
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Support: Geographic Segmentation Analysis

Chapter 7: Enterprise Governance, Risk, and Compliance (eGRC) Market by Vertical
 7.1 Enterprise Governance, Risk, and Compliance (eGRC) Market Snapshot and Growth Engine
 7.2 Enterprise Governance, Risk, and Compliance (eGRC) Market Overview
 7.3 BFSI
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 BFSI: Geographic Segmentation Analysis
 7.4 Construction & Engineering
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Construction & Engineering: Geographic Segmentation Analysis
 7.5 Energy & Utilities
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Energy & Utilities: Geographic Segmentation Analysis
 7.6 Government
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Government: Geographic Segmentation Analysis
 7.7 Healthcare
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Healthcare: Geographic Segmentation Analysis
 7.8 Manufacturing
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Manufacturing: Geographic Segmentation Analysis
 7.9 Retail & consumer goods
  7.9.1 Introduction and Market Overview
  7.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.9.3 Key Market Trends, Growth Factors and Opportunities
  7.9.4 Retail & consumer goods: Geographic Segmentation Analysis
 7.10 Telecom & IT
  7.10.1 Introduction and Market Overview
  7.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.10.3 Key Market Trends, Growth Factors and Opportunities
  7.10.4 Telecom & IT: Geographic Segmentation Analysis
 7.11 Transportation & Logistics
  7.11.1 Introduction and Market Overview
  7.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.11.3 Key Market Trends, Growth Factors and Opportunities
  7.11.4 Transportation & Logistics: Geographic Segmentation Analysis
 7.12 Others
  7.12.1 Introduction and Market Overview
  7.12.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.12.3 Key Market Trends, Growth Factors and Opportunities
  7.12.4 Others: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Enterprise Governance, Risk, and Compliance (eGRC) Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 ACCENTURE (IRELAND)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 DILIGENT CORPORATION (USA)
 8.4 FIS (USA)
 8.5 GALVANIZE (CANADA)
 8.6 IBM CORPORATION (USA)
 8.7 LOGICMANAGER (USA)
 8.8 METRICSTREAM (USA)
 8.9 NAVEX GLOBAL (USA)
 8.10 ORACLE CORPORATION (USA)
 8.11 RESOLVER (CANADA)
 8.12 RISKWATCH INTERNATIONAL (USA)
 8.13 RSA SECURITY (USA)
 8.14 SAI GLOBAL (AUSTRALIA)
 8.15 SAP SE (GERMANY)
 8.16 WOLTERS KLUWER (NETHERLANDS)
 8.17 OTHER ACTIVE PLAYERS

Chapter 9: Global Enterprise Governance, Risk, and Compliance (eGRC) Market By Region
 9.1 Overview
9.2. North America Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Component
  9.2.4.1 Software
  9.2.4.2 Services
  9.2.5 Historic and Forecasted Market Size By Software
  9.2.5.1 Audit Management
  9.2.5.2 Compliance Management
  9.2.5.3 Risk Management
  9.2.5.4 Policy Management
  9.2.5.5 Incident Management
  9.2.5.6 Others
  9.2.6 Historic and Forecasted Market Size By Service
  9.2.6.1 Integration
  9.2.6.2 Consulting
  9.2.6.3 Support
  9.2.7 Historic and Forecasted Market Size By Vertical
  9.2.7.1 BFSI
  9.2.7.2 Construction & Engineering
  9.2.7.3 Energy & Utilities
  9.2.7.4 Government
  9.2.7.5 Healthcare
  9.2.7.6 Manufacturing
  9.2.7.7 Retail & consumer goods
  9.2.7.8 Telecom & IT
  9.2.7.9 Transportation & Logistics
  9.2.7.10 Others
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
9.3. Eastern Europe Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Component
  9.3.4.1 Software
  9.3.4.2 Services
  9.3.5 Historic and Forecasted Market Size By Software
  9.3.5.1 Audit Management
  9.3.5.2 Compliance Management
  9.3.5.3 Risk Management
  9.3.5.4 Policy Management
  9.3.5.5 Incident Management
  9.3.5.6 Others
  9.3.6 Historic and Forecasted Market Size By Service
  9.3.6.1 Integration
  9.3.6.2 Consulting
  9.3.6.3 Support
  9.3.7 Historic and Forecasted Market Size By Vertical
  9.3.7.1 BFSI
  9.3.7.2 Construction & Engineering
  9.3.7.3 Energy & Utilities
  9.3.7.4 Government
  9.3.7.5 Healthcare
  9.3.7.6 Manufacturing
  9.3.7.7 Retail & consumer goods
  9.3.7.8 Telecom & IT
  9.3.7.9 Transportation & Logistics
  9.3.7.10 Others
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Bulgaria
  9.3.8.2 The Czech Republic
  9.3.8.3 Hungary
  9.3.8.4 Poland
  9.3.8.5 Romania
  9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Component
  9.4.4.1 Software
  9.4.4.2 Services
  9.4.5 Historic and Forecasted Market Size By Software
  9.4.5.1 Audit Management
  9.4.5.2 Compliance Management
  9.4.5.3 Risk Management
  9.4.5.4 Policy Management
  9.4.5.5 Incident Management
  9.4.5.6 Others
  9.4.6 Historic and Forecasted Market Size By Service
  9.4.6.1 Integration
  9.4.6.2 Consulting
  9.4.6.3 Support
  9.4.7 Historic and Forecasted Market Size By Vertical
  9.4.7.1 BFSI
  9.4.7.2 Construction & Engineering
  9.4.7.3 Energy & Utilities
  9.4.7.4 Government
  9.4.7.5 Healthcare
  9.4.7.6 Manufacturing
  9.4.7.7 Retail & consumer goods
  9.4.7.8 Telecom & IT
  9.4.7.9 Transportation & Logistics
  9.4.7.10 Others
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 Netherlands
  9.4.8.5 Italy
  9.4.8.6 Russia
  9.4.8.7 Spain
  9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Component
  9.5.4.1 Software
  9.5.4.2 Services
  9.5.5 Historic and Forecasted Market Size By Software
  9.5.5.1 Audit Management
  9.5.5.2 Compliance Management
  9.5.5.3 Risk Management
  9.5.5.4 Policy Management
  9.5.5.5 Incident Management
  9.5.5.6 Others
  9.5.6 Historic and Forecasted Market Size By Service
  9.5.6.1 Integration
  9.5.6.2 Consulting
  9.5.6.3 Support
  9.5.7 Historic and Forecasted Market Size By Vertical
  9.5.7.1 BFSI
  9.5.7.2 Construction & Engineering
  9.5.7.3 Energy & Utilities
  9.5.7.4 Government
  9.5.7.5 Healthcare
  9.5.7.6 Manufacturing
  9.5.7.7 Retail & consumer goods
  9.5.7.8 Telecom & IT
  9.5.7.9 Transportation & Logistics
  9.5.7.10 Others
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
9.6. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Component
  9.6.4.1 Software
  9.6.4.2 Services
  9.6.5 Historic and Forecasted Market Size By Software
  9.6.5.1 Audit Management
  9.6.5.2 Compliance Management
  9.6.5.3 Risk Management
  9.6.5.4 Policy Management
  9.6.5.5 Incident Management
  9.6.5.6 Others
  9.6.6 Historic and Forecasted Market Size By Service
  9.6.6.1 Integration
  9.6.6.2 Consulting
  9.6.6.3 Support
  9.6.7 Historic and Forecasted Market Size By Vertical
  9.6.7.1 BFSI
  9.6.7.2 Construction & Engineering
  9.6.7.3 Energy & Utilities
  9.6.7.4 Government
  9.6.7.5 Healthcare
  9.6.7.6 Manufacturing
  9.6.7.7 Retail & consumer goods
  9.6.7.8 Telecom & IT
  9.6.7.9 Transportation & Logistics
  9.6.7.10 Others
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkey
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
9.7. South America Enterprise Governance, Risk, and Compliance (eGRC) Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Component
  9.7.4.1 Software
  9.7.4.2 Services
  9.7.5 Historic and Forecasted Market Size By Software
  9.7.5.1 Audit Management
  9.7.5.2 Compliance Management
  9.7.5.3 Risk Management
  9.7.5.4 Policy Management
  9.7.5.5 Incident Management
  9.7.5.6 Others
  9.7.6 Historic and Forecasted Market Size By Service
  9.7.6.1 Integration
  9.7.6.2 Consulting
  9.7.6.3 Support
  9.7.7 Historic and Forecasted Market Size By Vertical
  9.7.7.1 BFSI
  9.7.7.2 Construction & Engineering
  9.7.7.3 Energy & Utilities
  9.7.7.4 Government
  9.7.7.5 Healthcare
  9.7.7.6 Manufacturing
  9.7.7.7 Retail & consumer goods
  9.7.7.8 Telecom & IT
  9.7.7.9 Transportation & Logistics
  9.7.7.10 Others
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research

Global Enterprise Governance, Risk, and Compliance (eGRC) Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 55.3 Bn.

Forecast Period 2024-32 CAGR:

 14.2%

Market Size in 2032:

USD 182.5 Bn.

Segments Covered:

By Component

  • Software
  • Services

By Software

  • Audit Management
  • Compliance Management
  • Risk Management
  • Policy Management
  • Incident Management
  • Others

By Service

  • Integration
  • Consulting
  • Support

By Vertical

  • BFSI
  • Construction & Engineering
  • Energy & Utilities
  • Government
  • Healthcare
  • Manufacturing
  • Retail & consumer goods
  • Telecom & IT
  • Transportation & Logistics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Regulatory Compliance Requirements

Key Market Restraints:

  • High Implementation Costs

Key Opportunities:

  • Growing Demand for Integrated Solutions

Companies Covered in the report:

  • Accenture (Ireland), Diligent Corporation (USA), FIS (USA), Galvanize (Canada), IBM Corporation (USA), LogicManager (USA), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Enterprise Governance, Risk, and Compliance (eGRC) Market research report?

The forecast period in the Enterprise Governance, Risk, and Compliance (eGRC) Market research report is 2024-2032.

Who are the key players in the Enterprise Governance, Risk, and Compliance (eGRC) Market?

Accenture (Ireland), Diligent Corporation (USA), FIS (USA), Galvanize (Canada), IBM Corporation (USA), LogicManager (USA) and Other Major Players.

What are the segments of the Enterprise Governance, Risk, and Compliance (eGRC) Market?

The Enterprise Governance, Risk, and Compliance (eGRC) Market is segmented into Component, Software, Service, Vertical and region. By Component, the market is categorized into Software, Services. By Software, the market is categorized into Audit Management, Compliance Management, Risk Management, Policy Management, Incident Management, Others. By Service, the market is categorized into Integration, Consulting, Support. By Vertical, the market is categorized into BFSI, Construction & Engineering, Energy & Utilities, Government, Healthcare, Manufacturing, Retail & consumer goods, Telecom & IT, Transportation & Logistics, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Enterprise Governance, Risk, and Compliance (eGRC) Market?

The Enterprise Governance, Risk and Compliance (eGRC) market is a range of programs and services that nominates the corporate governance, risk management, and compliance solutions and services for an organization. eGRC solutions allow improving decision-making processes and their supporting functions by integrating the three essential elements of corporate governance, risk management, and compliance into a unified system. As integrated applications that use analytics, robotics, and cloud environments, eGRC tools empower organizations to uncover, measure, address, and manage risks while maintaining legal compliance.

How big is the Enterprise Governance, Risk, and Compliance (eGRC) Market?

Enterprise Governance, Risk, and Compliance (eGRC) Market Size Was Valued at USD 55.3 Billion in 2023, and is Projected to Reach USD 182.5 Billion by 2032, Growing at a CAGR of 14.2% From 2024-2032.