Enterprise Governance, Risk, and Compliance (EGRC) Market
Global Enterprise Governance, Risk, and Compliance (EGRC) Market Research By Type (Software and Services), By Enterprise Size (Small and Medium Enterprise and Large Enterprise) and By End-User (BFSI, Manufacturing, Healthcare, IT and telecom, Transportation and Logistics and Other) Forecast 2021-2027 Forecast 2021-2027 Update Available - Forecast 2024-2030
The global enterprise governance, risk, and compliance (EGRC) market are growing at a considerable CAGR of 11.0% during the forecast period. Rising business data associated risk factor is considered as the prime factors affecting and driving the market. The growing demand for EGRC solutions, along with growing advancement in smart technologies such as artificial intelligence (AI) and machine learning (ML) in EGRC systems are also estimated to be the key factors that are contributing significantly to the growth of the market. However, a lack of awareness of benefits related to EGRC in the small and medium enterprise; alteration in regulatory policy structures are the major factor constraints that are hindering the growth of the global enterprise governance, risk, and compliance (EGRC) market across the globe.
Moreover, the emerging focus on the rising extent of data for the purpose of strengthening the way of performing the tasks by business professionals is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global enterprise governance, risk, and compliance (EGRC) market. For instance, in December 2020, one of the professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors named Wolters Kluwer N.V. had done the acquisition of eOriginal that is considered as one of the providers of cloud-based digital lending software for around $254 million. Through this acquisition, the company will enlarge its GRC Compliance Solutions position in the U.S. mortgage and loan document generation and analytics.
Impact of COVID-19 Pandemic on the Global Enterprise Governance, Risk, and Compliance (EGRC) Market
The global enterprise governance, risk, and compliance (EGRC) market are impacted by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in the major economies had brought a lot of disruption. The compliance management team and the risk managers had been facing problems due to the arrival of the COVID-19 pandemic. However, to deal with such a situation the enterprise governance, risk, and compliance (EGRC) market came up as the finest defenses a company can have in order to ensure business continuity by managing the risk in an effective manner.
Segmental Outlook
The global enterprise governance, risk, and compliance (EGRC) market are segmented based on type, enterprise size, and end-user. Based on type, the market is segmented into software and services. By enterprise size, the market is segmented into small and medium enterprise and large enterprise. Further, based on end-user the market is segmented into BFSI, manufacturing, healthcare, IT and telecom, transportation and logistics, and other.
Global Enterprise Governance, Risk, and Compliance (EGRC) Market Share by End-User 2020 (%)
Based on the end-user segment, the BSFI holds a significant share in the market. Through the support of EGRC risk management underlying threats for unauthorized access in business operations in the BFSI sector can be prevented. Additionally, various regulatory and compliance-related requirements can be met by the companies in the financial sector through implementing different solutions related to security.
Regional Outlooks
The global enterprise governance, risk, and compliance (EGRC) market are analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global enterprise governance, risk, and compliance (EGRC) market. In North America, the rising risk of cyber-attacks is one of the prime factors affecting the growth of the market in the region. For instance, the data published by the FBI and Internet Crime Complaint Centre in 2020, which revealed that complaints of cyber-crime nearly doubled from 2019, as in 2020 it reached 791,790 which was around 467,000. Additionally, the existence of a large number of players is another main factor that is providing support to the growth of the market in the region.
Global Enterprise Governance, Risk, and Compliance (EGRC) Market, by Region 2021-2027
Asia-Pacific will have Considerable Growth in the Global Enterprise Governance, Risk, and Compliance (EGRC) Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing development by IT infrastructure across the region is likely to drive the growth of the regional market. Additionally, key market companies expanding their reach along with various innovative strategies by them in this region, especially in South Korea, China, and India are also impacting the market. Moreover, increasing awareness for the purpose to tackle internal and external business risks is another factor that is also affecting the growth of the market.
Market Player Outlook
Key players of the global enterprise governance, risk, and compliance (EGRC) market are SAS Institute Inc., SAP, IBM corp., Thomson Reuters and Wolters Kluwer N.V. To survive in the market, these players adopt different marketing strategies such as product launches and mergers and acquisitions. For instance, in May 2021, Wolters Kluwer N.V. had entered into an agreement for the purpose of doing acquisition of one of the global providers of cloud-based integrated business planning (IBP) solutions named Vanguard Software Corp. (Vanguard Software) for around $110 million in order to enhance its portfolio.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global enterprise governance, risk, and compliance (EGRC) market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Enterprise Governance, Risk, and Compliance(EGRC) Industry
• Recovery Scenario of Global Enterprise Governance, Risk, and Compliance(EGRC)Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Enterprise Governance, Risk, and Compliance (EGRC) Market by Type
5.1.1. Software
5.1.2. Services
5.2. Global Enterprise Governance, Risk, and Compliance (EGRC) Market by Enterprise Size
5.2.1. Small and Medium Enterprise
5.2.2. Large Enterprise
5.3. Global Enterprise Governance, Risk, and Compliance (EGRC) Market by End-User
5.3.1. BFSI
5.3.2. Manufacturing
5.3.3. Healthcare
5.3.4. IT and Telecom
5.3.5. Transportation and Logistics
5.3.6. Other
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Dell Inc.
7.2. IBM corp.
7.3. Infosys Ltd.
7.4. LogicManager, Inc.
7.5. Microsoft
7.6. MetricStream
7.7. NAVEX Global, Inc.
7.8. OneTrust, LLC.
7.9. SAI Global Pty Ltd.
7.10. SAP
7.11. SAS Institute Inc.
7.12. Software AG
7.13. Tevora
7.14. Thomson Reuters
7.15. Wolters Kluwer N.V.
1. GLOBAL EGRC MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)
2. GLOBAL POLICY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL RISK MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL AUDIT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL COMPLIANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL EGRC MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2018-2025 ($ MILLION)
8. GLOBAL SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL EGRC MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
11. GLOBAL BSFI MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL CONSTRUCTION & ENGINEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL ENERGY & UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
16. GLOBAL RETAIL & CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
17. GLOBAL TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
18. GLOBAL TELECOM & IT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
19. GLOBAL OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
20. NORTH AMERICA EGRC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. NORTH AMERICAN EGRC MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)
22. NORTH AMERICAN EGRC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
23. NORTH AMERICAN EGRC MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
24. EUROPEAN EGRC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
25. EUROPEAN EGRC MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)
26. EUROPEAN EGRC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
27. EUROPEAN EGRC MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
28. ASIA-PACIFIC EGRC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
29. ASIA-PACIFIC EGRC MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)
30. ASIA-PACIFIC EGRC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
31. ASIA-PACIFIC EGRC MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
32. REST OF THE WORLD EGRC MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)
33. REST OF THE WORLD EGRC MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
34. REST OF THE WORLD EGRC MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2018-2025 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SHARE BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET, 2021-2027 (%)
4. GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SHARE BY ENTERPRISE SIZE, 2020 VS 2027 (%)
6. GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL SOFTWARE MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL SERVICES MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL SMALL AND MEDIUM ENTERPRISE MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL LARGE ENTERPRISE MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL BFSI MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL MANUFACTURING MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL HEALTHCARE MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL IT AND TELECOM MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBAL TRANSPORTATION AND LOGISTICS MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL OTHER MARKET BY REGION, 2020 VS 2027 (%)
18. US ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
20. UK ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
21. FRANCE ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
23. ITALY ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
29. SOUTH KOREA ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF ASIA-PACIFIC ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF THE WORLD ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE (EGRC) MARKET SIZE, 2020-2027 ($ MILLION)
