NEW YORK, Jan. 5, 2024 /PRNewswire/ — The Enterprise Governance, Risk, And Compliance (eGRC) Solutions Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the enterprise governance, risk, and compliance (eGRC) solutions market between 2022 and 2027 is USD 23.13 billion.
The increased need to comply with regulatory requirements drives the eGRC solutions market. Organizations are obliged to comply with regulatory requirements to manage corporate data. Healthcare organizations as well as insurance, and banking sectors have developed new data-sharing policies that act in accordance with external regulations as they deal with vulnerable information. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
- Market Challenge – The increasing data privacy and security concerns challenge the eGRC solutions market. Business data is very sensitive and thus, the issue of data security has always been a concern for organizations. Furthermore, the growing volumes of business data are increasing security breach incidents and given the data digitization, privacy breaches are on the rise. Organizations such as banks, corporations, and insurance companies are suspicious of sharing business-critical data with cloud solution providers. Learn about additional key drivers, trends, and challenges available with Technavio. Read a Sample PDF Report Now
The enterprise governance, risk, and compliance (eGRC) solutions market is segmented by Component (Software and Service), End-user (Large enterprise and SME), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
- By component, the software segment will be significant during the forecast period. A proliferation of innovative software platforms designed to address the intricate challenges posed by regulatory compliance, risk assessment, and corporate governance characterizes the segment.
- By geography, North America is estimated to contribute 39% to the growth of the global market during the forecast period. View a Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the enterprise governance, risk, and compliance (eGRC) solutions market:
Dell Technologies Inc., Diligent Corp., FutureShield Inc., Ideagen, International Business Machines Corp., LogicManager Inc., Maclear LLC, MetricStream Inc., Microsoft Corp., Mphasis Ltd., NAVEX Global Inc., OneTrust LLC, Oracle Corp., ProcessGene Software Ltd., Refinitiv, SAI360 Inc., SAP SE, SAS Institute Inc., Software AG, Wolters Kluwer NV
Related Reports:
The enterprise AI market is projected to grow by USD 2.00 billion with a CAGR of 45.1% during the forecast period 2021 to 2026.
The enterprise data storage market size is estimated to grow at a CAGR of 4.46% between 2022 and 2027. The market size is forecast to increase by USD 11.35 billion.
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Enterprise Governance, Risk, And Compliance (eGRC) Solutions Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.38% |
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Market growth 2023-2027 |
USD 23.13 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
12.02 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Dell Technologies Inc., Diligent Corp., FutureShield Inc., Ideagen, International Business Machines Corp., LogicManager Inc., Maclear LLC, MetricStream Inc., Microsoft Corp., Mphasis Ltd., NAVEX Global Inc., OneTrust LLC, Oracle Corp., ProcessGene Software Ltd., Refinitiv, SAI360 Inc., SAP SE, SAS Institute Inc., Software AG, and Wolters Kluwer NV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
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Email: [email protected]
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SOURCE Technavio
