Market Overview:
The global enterprise governance, risk, and compliance (eGRC) market is expected to grow from USD 9.02 billion in 2018 to USD 16.48 billion by 2030, at a CAGR of 7.5% from 2018 to 2030. The growth of the global eGRC market can be attributed to the increasing need for risk management and compliance solutions among organizations across different industries and regions. Furthermore, the growing demand for cloud-based eGRC solutions is also contributing significantly to the growth of the global eGRC market.
 Industry Outlook.svg)
Product Definition:
Enterprise governance, risk, and compliance (eGRC) is the umbrella term for the various processes and technologies that organizations use to manage their governance, risk, and compliance risks. eGRC solutions help organizations automate the management of their GRC-related tasks across different business functions. This can include automating policy management, regulatory reporting, incident response planning, and other related tasks.
The importance of eGRC is twofold: firstly it helps ensure that an organization's governance framework is effectively implemented and managed; secondly it helps reduce the risk of financial loss or reputational damage due to a failure in any one of an organization's GRC areas.
Audit management:
Audit management is a service that helps organizations in maintaining their books and records of business transactions with the help of an independent auditor. The main objective of audit management services is to ensure compliance, protect assets, and improve financial performance. These services also help enterprises in improving internal controls over financial reporting by providing independent scrutiny on a regular basis.
Compliance management:
compliance management is the process of designing, deploying, and maintaining a system that ensures adherence to regulatory requirements. It comprises of four phases such as identification, assessment, planning & implementation and monitoring & evaluation. The compliance management in eGRC market has become an essential part for organizations to manage risks associated with different regulations.
Application Insights:
The Banking, Financial Services and Insurance (BFSI) sector accounted for the largest revenue share in 2016. The eGRC solutions help to manage regulatory compliance and enhance organizational effectiveness across BFSI industries. Furthermore, growing regulations pertaining to Anti-money Laundering (AML), terrorist financing, and fraud prevention are driving the adoption of eGR&C solutions in this industry.
Europe's eGRC market is expected to witness significant growth over the forecast period owing to increasing government initiatives on enterprise governance, risk & compliance as well as other issues such as cyber security within different sectors of economy such as manufacturing and energy among others. For instance; ¢â‚¬Å“Enterprise Ireland¢â‚¬ a government office that provides funding for foreign direct investments (FDI) in Ireland has launched an online portal ¢â€š¹ EnterpriseIreland.
Regional Analysis:
The North American region dominated the global enterprise governance, risk, and compliance (eGRC) market in 2017. The growth of the region can be attributed to various factors such as increasing government regulations for data protection and privacy, growing awareness among employees about e-governance initiatives, rising demand for cloud based solutions by enterprises to store their important data. Moreover high adoption of technology by organizations to improve their operations is also driving the regional market growth.
Asia Pacific is expected to witness significant growth over the forecast period owing to several upcoming events such as Olympics 2020 in Japan that requires strict monitoring & regulation of access control systems used during games along with other critical infrastructure components leading towards better security measures which will drive demand for eGR&C solutions over next few years. Furthermore rapid technological advancements coupled with increased spending on defense sector are some other factors contributing towards regional market growth over next eight years.
Growth Factors:
- Increased awareness of cyber threats and data privacy issues among businesses
- The need for better risk management and compliance with regulatory requirements
- Growing demand for cloud-based eGRC solutions
- Consolidation of the eGRC market as vendors strive to offer comprehensive solutions
- Emergence of new technologies such as artificial intelligence and machine learning that can help automate eGRC processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Enterprise Governance, Risk, and Compliance (eGRC) Market Research Report
By Type
Audit management, Compliance management, Risk management, Policy management, Incident management, Others
By Application
BFSI, Construction and engineering, Energy and utilities, Government, Healthcare, Manufacturing, Others
By Companies
Microsoft (US), BWise (Netherlands), SAS Institute Inc. (US), IBM Corporation (US), FIS (US), Thomson Reuters (US), Wolters Kluwer (Netherlands), MetricStream Inc. (US), EMC Corporation (US), Oracle (US), SAP SE (Germany)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Enterprise Governance, Risk, and Compliance (eGRC) Market Report Segments:
The global Enterprise Governance, Risk, and Compliance (eGRC) market is segmented on the basis of:
Types
Audit management, Compliance management, Risk management, Policy management, Incident management, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Construction and engineering, Energy and utilities, Government, Healthcare, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft (US)
- BWise (Netherlands)
- SAS Institute Inc. (US)
- IBM Corporation (US)
- FIS (US)
- Thomson Reuters (US)
- Wolters Kluwer (Netherlands)
- MetricStream Inc. (US)
- EMC Corporation (US)
- Oracle (US)
- SAP SE (Germany)
 Market Overview.svg)
Highlights of The Enterprise Governance, Risk, and Compliance (eGRC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Audit management
- Compliance management
- Risk management
- Policy management
- Incident management
- Others
- By Application:
- BFSI
- Construction and engineering
- Energy and utilities
- Government
- Healthcare
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Enterprise Governance, Risk, and Compliance (eGRC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Enterprise governance, risk, and compliance (eGRC) is a framework for managing risks in an organization. It helps organizations identify and manage risks associated with their operations, including those posed by people, data, systems and processes. eGRC also helps organizations comply with regulations such as the EU General Data Protection Regulation (GDPR).
Some of the major players in the enterprise governance, risk, and compliance (egrc) market are Microsoft (US), BWise (Netherlands), SAS Institute Inc. (US), IBM Corporation (US), FIS (US), Thomson Reuters (US), Wolters Kluwer (Netherlands), MetricStream Inc. (US), EMC Corporation (US), Oracle (US), SAP SE (Germany).
The enterprise governance, risk, and compliance (egrc) market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Governance, Risk, and Compliance (eGRC) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Enterprise Governance, Risk, and Compliance (eGRC) Market - Supply Chain
4.5. Global Enterprise Governance, Risk, and Compliance (eGRC) Market Forecast
4.5.1. Enterprise Governance, Risk, and Compliance (eGRC) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Enterprise Governance, Risk, and Compliance (eGRC) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Absolute $ Opportunity
5. Global Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
5.3.1. Audit management
5.3.2. Compliance management
5.3.3. Risk management
5.3.4. Policy management
5.3.5. Incident management
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Construction and engineering
6.3.3. Energy and utilities
6.3.4. Government
6.3.5. Healthcare
6.3.6. Manufacturing
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Enterprise Governance, Risk, and Compliance (eGRC) Demand Share Forecast, 2019-2026
9. North America Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Construction and engineering
9.4.3. Energy and utilities
9.4.4. Government
9.4.5. Healthcare
9.4.6. Manufacturing
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
9.7.1. Audit management
9.7.2. Compliance management
9.7.3. Risk management
9.7.4. Policy management
9.7.5. Incident management
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Enterprise Governance, Risk, and Compliance (eGRC) Demand Share Forecast, 2019-2026
10. Latin America Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Construction and engineering
10.4.3. Energy and utilities
10.4.4. Government
10.4.5. Healthcare
10.4.6. Manufacturing
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
10.7.1. Audit management
10.7.2. Compliance management
10.7.3. Risk management
10.7.4. Policy management
10.7.5. Incident management
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Enterprise Governance, Risk, and Compliance (eGRC) Demand Share Forecast, 2019-2026
11. Europe Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Construction and engineering
11.4.3. Energy and utilities
11.4.4. Government
11.4.5. Healthcare
11.4.6. Manufacturing
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
1.6. Y-o-Y Growth Projections by Application
11.7. Europe Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
11.7.1. Audit management
11.7.2. Compliance management
11.7.3. Risk management
11.7.4. Policy management
11.7.5. Incident management
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Enterprise Governance, Risk, and Compliance (eGRC) Demand Share, 2019-2026
12. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Construction and engineering
12.4.3. Energy and utilities
12.4.4. Government
12.4.5. Healthcare
12.4.6. Manufacturing
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
12.7.1. Audit management
12.7.2. Compliance management
12.7.3. Risk management
12.7.4. Policy management
12.7.5. Incident management
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Enterprise Governance, Risk, and Compliance (eGRC) Demand Share, 2019-2026
13. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Construction and engineering
13.4.3. Energy and utilities
13.4.4. Government
13.4.5. Healthcare
13.4.6. Manufacturing
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Market Size and Volume Forecast by Type
13.7.1. Audit management
13.7.2. Compliance management
13.7.3. Risk management
13.7.4. Policy management
13.7.5. Incident management
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Enterprise Governance, Risk, and Compliance (eGRC) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Enterprise Governance, Risk, and Compliance (eGRC) Market: Market Share Analysis
14.2. Enterprise Governance, Risk, and Compliance (eGRC) Distributors and Customers
14.3. Enterprise Governance, Risk, and Compliance (eGRC) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Microsoft (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BWise (Netherlands)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SAS Institute Inc. (US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IBM Corporation (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FIS (US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thomson Reuters (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wolters Kluwer (Netherlands)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MetricStream Inc. (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EMC Corporation (US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oracle (US)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SAP SE (Germany)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY
