The global eGRC market is expected to reach the valuation of USD 19,592.6 million in 2024. According to the analysis, the industry is projected to grow at a CAGR of 12.3% from 2024 to 2034 with global adoption of digital solutions. The industry is foreseen to surpass USD 61,875.4 million showcasing immense growth through 2034.
Enterprise Governance, Risk and Compliance (eGRC) solutions are quite dynamic and useful for the businesses in today’s landscape. These solutions bring everything together on an unified platform to make processes smoother, follow industry rules, and keep an eye on risks in real time.
eGRC solutions helps businesses in reducing the chances of financial penalties, reputational damage and operational damage by integrating governance, risk management and compliance.
They also assist in making data-driven decision making to point out potential risks and compliance problems in the earliest moments. As regualtions change and businesses get more complicated, eGRC solutions are really important for making sure companies can adapt and succeed in the long run.The global Enterprise Governance Risk and Compliance eGRC market is witnessing robust growth as organizations navigate an increasingly complex landscape of regulatory requirements, cybersecurity threats, and operational risks. eGRC solutions are designed to provide integrated, real-time insights into governance, risk, and compliance processes, enabling businesses to proactively identify and mitigate risks while ensuring compliance with global standards.
As enterprises embrace digital transformation, the need for streamlined and automated GRC frameworks has surged. eGRC tools are becoming essential for managing internal controls, audit management, risk assessments, and policy enforcement across industries. The integration of AI and analytics within eGRC platforms is further enhancing risk visibility and compliance efficiency.
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Key Takeaways
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Rising regulatory demands and compliance mandates are accelerating eGRC adoption
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eGRC solutions are becoming critical to managing enterprise-wide risk in real time
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Organizations are moving from siloed risk management to integrated GRC platforms
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The shift to cloud and hybrid environments is boosting demand for scalable eGRC systems
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Increasing focus on ESG and corporate accountability is expanding the scope of eGRC initiatives
Key Drivers
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Increasing frequency and sophistication of cyber threats and data breaches
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Rising global regulations including GDPR, SOX, HIPAA, and Basel III
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Demand for unified risk and compliance reporting across multiple departments
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Accelerated adoption of cloud technologies and digital operations
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Need for improved decision-making through real-time risk analytics
Growth Opportunities
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Integration of AI and machine learning to improve risk detection and response
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Rising adoption of eGRC tools by small and mid-sized enterprises
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Expansion into emerging markets driven by evolving regulatory frameworks
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Growing emphasis on ESG and sustainability reporting within GRC practices
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Partnerships between technology vendors and consulting firms to deliver end-to-end solutions
Key Applications
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Risk Management
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Compliance Management
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Audit Management
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Policy Management
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Incident Management
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Vendor Risk Management
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IT Governance
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Key Players
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SAP SE
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IBM Corporation
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Oracle Corporation
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Microsoft Corporation
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RSA Security
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LogicManager
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MetricStream
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NAVEX Global
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Wolters Kluwer
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SAI Global
Key Segmentations
By Component
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Software
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Services
By Deployment Mode
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On Premise
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Cloud Based
By Enterprise Size
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Small and Medium Enterprises
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Large Enterprises
By End User
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BFSI
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Healthcare
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Retail
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IT and Telecom
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Government and Public Sector
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Manufacturing
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Energy and Utilities
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