Enterprise Governance, Risk and Compliance Market Foreseen To Accrue Over 48 Billion With A CAGR of 13% By 2023

Market Scenario:

In this changing environment, economies and enterprises are becoming interrelated and giving rise for enterprise governance risk and compliance solutions. Enterprise governance, risk and compliance (eGRC) is a strategic discipline that enables the organizations to identify and protect against all types of risks and also improve operations. The growing demand for corporate governance, regulatory requirements and compliance is boosting the enterprise governance risk and compliance market.

The study indicates that enterprise governance, risk and compliance has many benefits as reducing costs, rationalizing controls, identify operational inefficiencies and others. These benefits are boosting the enterprise governance, risk and compliance market. The study indicates that the need to increase the operational efficiency by the organizations has resulted as key driver for the enterprise governance, risk and compliance market. The study reveals that the varying structure of regulatory policies from country to country result as major challenge for the enterprise governance, risk and compliance market. Apart from it lack of awareness and limited resources is also hindering the growth of enterprise governance, risk and compliance market.

The global Enterprise Governance, Risk, And Compliance Market is expected to grow at USD ~48 Billion by 2023, at 13% of CAGR between 2017 and 2023.

Key Players

The prominent players in the enterprise governance, risk, and compliance market are – Dell EMC (U.S.), SAS (U.S.), Oracle (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), MetricStream (U.S.), Resolver (UK), BWise (Netherlands), Resources Connection, Inc. (U.S.), among others.

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Enterprise Governance, Risk, and Compliance Market Segmentation

The enterprise governance, risk, and compliance market has been segmented on the basis of component, deployment model, organization size, end-user and region. Looking through the component segment, considering the software sub-segment, the risk management software has accounted for a largest share in enterprise governance, risk, and compliance market due to increasing risks in various fields. Considering the service sub-segment the integration services are expected to show a positive growth in the enterprise governance, risk, and compliance market.

Market Research Analysis:
 
On geographic basis, enterprise governance, risk, and compliance market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of World. It has been observed that North America region is leading in the enterprise governance, risk, and compliance market. North America region has a higher focus towards risk management and has strict regulations for risk and compliance management. The study shows that European region has a positive growth in the enterprise governance, risk, and compliance market. The developing economies in Asia-Pacific regions like China, Japan and others are showing high adoption in the enterprise governance, risk, and compliance systems. Asia-Pacific region is expected to show a sudden hike in the enterprise governance, risk, and compliance market during the forecast period.

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Intended Audience

• Software investors
• Managed service providers
• Enterprise governance, risk, and compliance service providers
• Governance, Risk Management, Compliance (GRC) staff
• Investors and Venture Capitalist
• Resellers
• IT Compliance directors
• IT Security Directors
• System Integrators
• Research/Consultancy firms

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