EGRC Market Size and Forecast: Impact of 12.88% CAGR on Industry Growth 2030

Enterprise Governance, Risk, and Compliance Market was valued at US$ 46.40 Bn in 2023 and is expected to reach US$ 108.36 Bn by 2030, at a CAGR of 12.88% during a forecast period.

 

Enterprise Governance, Risk and Compliance Market Overview:

The examination of the COVID-19 lockdown’s effect on market leaders’, followers’, and disruptors’ revenue is part of the report. Since the lockdown was imposed differently in different nations and locations, different segments and regions also perceive its effects differently. The market’s present short- and long-term effects have been examined in the research, which will assist decision-makers in creating company-specific plans and an outline.

 

 

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Enterprise Governance, Risk, and Compliance Market Dynamics:

In 2017, the enterprise GRC market was significantly outperformed by the BFSI sector in terms of market share. Regulations that were imposed on banks and other financial organizations in the wake of the 2008 financial crisis are numerous. Because of the crisis’ catastrophic effects on the world economy, authorities have had to impose stricter guidelines and guarantee risk management, accountability, and transparency.

 

Market Scope:

PESTEL and PORTER evaluations are included in the study, along with the potential impacts of market microeconomic variables. The examination of internal and external factors that may positively or negatively affect the company will give decision-makers a clear picture of the future of the industry.

Segmentation:

by Business Function Finance by Component Services Software by Deployment Mode Cloud On-Premises
IT Lawful Activities by Enterprise Type: Small and Medium Enterprise (SME) Large Enterprise
via Vertical BFSI
Building and Engineering
Energy and Utilities
Government-Original Medical Supplies
Consumer and Retail Goods
Logistics, Transportation, and IT
Others according to Region• The Americas (Canada, Mexico, and the United States)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME&A); • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe); • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and Rest of APAC); • South America (Brazil, Argentina, and the Rest of South America)

 

Key Players:

The research presents a competitive landscape through an in-depth examination of significant strategic developments undertaken by key market players in the enterprise governance, risk, and compliance sectors over time. The leading players in the global enterprise governance, risk, and compliance market include:

1. Microsoft
2. BWise
3. SAS Institute Inc.
4. IBM Corporation
5. FIS
6. Thomson Reuters
7. Wolters Kluwer
8. MetricStream Inc.
9. EMC Corporation
10. Oracle
11. SAP SE
12. Newport Consulting Group
13. Deloitte LLP
14. Maclear SA
15. Software AG
16. Protiviti Inc
17. Modulo Security, LLC

 

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Regional Analysis:
The following regions are included in the report’s evaluation of the global enterprise governance, risk, and compliance market:
North America: (Canada, Mexico, and the United States)
Europe (including Austria, Sweden, Germany, Italy, Spain, UK, and France)
Asia Pacific includes Bangladesh, Pakistan, Taiwan, Malaysia, Vietnam, South Korea, Japan, India, Australia, Indonesia, and the rest of APAC.
Africa and the Middle East (South Africa, GCC, Egypt, Nigeria, and the Remainder of ME&A)
South America (including Argentina and Brazil)

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COVID-19 Impact Analysis on the Market:

The increase in COVID-19 cases has led to a large growth in the market for enterprise governance, risk, and compliance. The vast amounts of data generated by social media platforms, the rising trends in cloud computing, and the high uptake of these solutions by small and medium-sized businesses present a wealth of opportunities for providers of enterprise governance, risk, and compliance solutions. The growth of the industry is, however, constrained by legislation, conflicting standards, difficulties with management workflow, and regulatory and compliance requirements. The lack of defined procedures for systems of enterprise governance, risk, and compliance as well as a comprehensive solution to deal with the growing problems related to unstructured data may hinder this market’s growth.

Key Questions Answered in the Enterprise Governance, Risk, and Compliance Market Report:

What level of competition is there in the market for enterprise governance, risk, and compliance?
What are the main drivers of the enterprise governance, risk, and compliance market’s expansion?
Which area of the enterprise governance, risk, and compliance market has the biggest share?
What will the enterprise governance, risk, and compliance market’s compound annual growth rate be between 2024 and 2030?

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