iCrowd Newswire
01 Aug 2020, 04:54 GMT+10
Market Research Future published a research report on "eGRC Market Research Report- Forecast to 2023" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Enterprise Governance, Risk, & Compliance (eGRC) Market Overview
Enterprises and economies are becoming interrelated in this changing environment and giving rise to eGRC software and solution. Enterprise governance, risk, and compliance is a tactical discipline that allows organizations to identify and protect themselves against all possible risks, improving operations. Enterprise governance, risk, and compliance has several benefits upon deployment.
These benefits include reduction of costs, rationalizing controls, and identification of operational inefficiencies, among others. Such benefits are boosting the enterprise governance, risk, and compliance market. Moreover, a growing demand for corporate governance, regulatory requirements, and compliance is also supplementing the ascension of the global eGRC Market over the forecast period.
The global enterprise governance, risk, & compliance market is projected to reach a valuation of USD 48 billion by 2023, ascending at 13% CAGR. Organizations are feeling a higher need to increase their operational efficiency due to increasing competition and a need to not only retain their market position but also to expand and gain a competitive advantage over their peers. Such need has resulted in rapid adoption of the same, primarily driving the enterprise governance, risk and compliance market over the forecast period.
However, a variation in the regulatory policies in different countries is posing as a major challenge for market growth. Apart from that, the lack of awareness towards the advantages of eGRC and limited resources available to companies are other factors hampering market growth over the review period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2786
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.
Market Segmentation
The enterprise governance, risk, and compliance (eGRC) market is segmented on the basis of component, deployment model, organization size, end-user, and region. Based on component, the market is segmented into software and service. The software segment is further sub-segmented into policy management, audit management, compliance management, financial control management, and risk management. Among these sub-segments, the risk management software accounted for the largest share of the market at the beginning of the forecast period. Such dominant hold on the market can be accredited to the increasing risks in several fields and a need to forecast, prevent and prepare against such risks. Based on service, the market is segmented into integration, consulting, and support. Within the service segments, the integration sub-segment is estimated to spearhead the global enterprise governance, risk, and compliance market during the assessment period.
Based on the deployment model, the global eGRC market is segmented into cloud and on-premise. Based on organization size, the enterprise governance, risk, and compliance market is segmented into large enterprise and SMEs. Based on end-users, the eGRC market is segmented into transportation, energy, BFSI, IT and telecom, healthcare, retail, education, manufacturing, and government.
Regional Analysis
The enterprise governance, risk, & compliance (eGRC) market is segmented into the regions of the Americas, Asia Pacific, Europe, and Rest of the World. The Americas are further segmented into North America and Latin America. North America is anticipated to hold the foremost position in the global enterprise governance, risk, and compliance market over the forecast period. This can be accredited to the prevalence of several regulations in the region.
As per the MRFR analysis, Asia Pacific is expected to show a significantly positive growth graph for enterprise governance, risk, and compliance through the forecast period. India, China, Japan, and South Korea are expected to emerge as major growth pockets in the regional enterprise governance, risk, and compliance market.
Get Complete Report @ https://www.marketresearchfuture.com/reports/enterprise-governance-risk-compliance-market-2786
Intended Audience
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Tags: eGRC Market, EGRC Market Size, Enterprise Governance, enterprise governance risk and compliance (eGRC) market, Enterprise Governance Risk and Compliance Market, Risk and Compliance, Risk and Compliance Market
See Campaign: https://www.marketresearchfuture.com/reports/enterprise-governance-risk-compliance-market-2786Contact Information:Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]:, iCN Internal Distribution, Research Newswire, English
Contact Information:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Get a daily dose of Denver Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Denver Sun.
More InformationWASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
(Photo credit: Ron Chenoy-Imagn Images) Lenyn Sosa homered, finished a triple shy of the cycle and drove in four runs, Michael A....
(Photo credit: Petre Thomas-Imagn Images) The Memphis Grizzlies are trading center Jay Huff to the Indiana Pacers for one second-round...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) The Los Angeles Dodgers recalled right-hander Jack Little and optioned right-hander...
(Photo credit: Isaiah J. Downing-Imagn Images) Colorado coach Deion Sanders, who has been suffering from an undisclosed medical condition,...