PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755740
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755740
EGRC Market Introduction and Overview
According to SPER Market Research, 'Global eGRC Market Size - By Component, By Software, By Services, By Application, By Organization Size, By Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global EGRC Market is predicted to reach 65.53 billion by 2034 with a CAGR of 13.69%.
Enterprise Governance, Risk, and Compliance (eGRC) is a holistic approach that integrates corporate governance, risk management, and regulatory compliance into a single framework. It enables organizations to align business objectives with compliance mandates, ensuring operational efficiency while mitigating financial, legal, and reputational risks. As regulatory requirements become more stringent, businesses are adopting eGRC solutions to automate compliance processes, enhance decision-making, and improve transparency.
Restraints: Adoption of eGRC has drawbacks despite its benefits, such as expensive implementation and complicated integration. The inability of many firms to integrate eGRC solutions with their current IT infrastructure results in increased resource requirements and operational inefficiencies. Continuous upgrades are necessary due to the quick evolution of compliance laws, which can be expensive and time-consuming for enterprises.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Offering, By Deployment, By Model, By Application, By Vertical
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered FIS, Genpact, IBM, Maclear Global, MetricStream, Microsoft, NAVEX Global Inc., Oracle, RSA Security LLC, SAP SE
Global EGRC Market Segmentation:
By Component: Based on the Component, Global EGRC Market is segmented as; Software and Services.
By Software: Based on the Software, Global EGRC Market is segmented as; Audit Management, Compliance Management, Risk Management, Policy Management, Incident Management and Others.
By Services: Based on the Services, Global EGRC Market is segmented as; Integration, Consulting and Support.
By Application: Based on the Application, Global EGRC Market is segmented as; Director Board, EHS, ESG, Legal Services and Others.
By Organization Size: Based on the Organization Size, Global EGRC Market is segmented as; Small & Medium Enterprise and Large Enterprise.
By Vertical: Based on the Vertical, Global EGRC Market is segmented as; BFSI, Construction & Engineering, Energy & Utilities, Government, Healthcare, Manufacturing, Retail & consumer goods, Telecom & IT, Transportation & Logistics and Others.