"Stringent Corporate Governance Regulations to Stimulate the Demand for Enterprise Governance, Risk and Compliance (EGRC) Solutions"
Enterprise governance, risk and compliance market reached the market value of US$ 26.49 Bn in 2017, with CAGR of 10.08% during the forecast period from 2018 to 2026. Organizations are steadily facing increase in complexity and changing regulatory environment thereby are opting for more structured approach for managing governance, risks, and compliances. Government regulators continue to influence control upon organizational practices through tighter regulations and organizations are demanding stronger control within their alliances. The pace of regulatory change has put the emphasis on the ability of organizations to have EGRC system that can respond quickly to new requirements. An effective integrated EGRC platform enables the centralization of data gathering and reporting, that directs human capital resource shift towards strategic thinking and increasing business responsiveness to rapidly changing landscapes.
Market Synopsis
Get a sample copy for more information
"Software Segment to Cement its Dominance in Enterprise Governance, Risk and Compliance Market"
Software segment represented the largest share in overall EGRC market value generated worldwide. Primary purpose of EGRC software is to automate much of the work associated with the documentation & reporting of the risk management & compliance activities. Numerous organizations are aiming for noteworthy improvement in the way they manage their internal audits, risk and compliance functions through better automation of information and data. Several private and public organizations are collaborating with EGRC software providers to evade the possible mutilation from possible risks within the business environment.
Get a sample copy for more information
"Early Adoption of EGRC Solutions to Ensure Dominating Position of North America Market"
Presently, North America is the front-runner of the overall enterprise governance, risk, and compliance market closely followed by Europe. The two regions collectively contribute to more than half of the total market value generated worldwide. These regions have relatively stricter environment towards EGRC management across different industry verticals. In addition, presence of large number of market players in the region has ensured considerable penetration of EGRC and related solutions in the regions. In the following years, Asia Pacific is poised to emerge as the most attractive market for EGRC solutions. The region represented as the hub to manufacturing industry with continual advancements in the sector. Increasing competitive nature in the region has enforced the organizations to adopt viable solutions to maintain efficiency of their EGRC management.
Get a sample copy for more information
Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Enterprise governance, risk and compliance market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global enterprise governance, risk and compliance market based on solution, deployment model, industrial vertical and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
Solution Segment (2016–2026; US$ Mn)
• Services
o Integration
o Consulting
o Support
• Software
o Audit Management
o Compliance Management
o Risk Management
o Policy Management
o Incident Management
o Others (Financial Control Management, Business Continuity Management, etc.)
|
|
Deployment Model Segment (2016–2026; US$ Mn)
• On-premise Deployment
• Cloud-based Deployment
|
|
Industrial Vertical Segment (2016–2026; US$ Mn)
• Banking, Financial Services and Insurance (BFSI)
• IT & Telecommunications
• Government
• Power & Utilities
• Aerospace
• Healthcare
• Manufacturing
• Transportation
• Consumer Goods
• Construction & Engineering
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key players of global enterprise governance, risk and compliance market include SAP SE, Dell Inc., Oracle Corporation, Wolters Kluwer N.V., International Business Machines Corporation, Fidelity National Information Services, Inc., Deloitte Touche Tohmatsu Ltd., MetricStream, Inc., Thomson Reuters Corporation, Maclear LLC, Microsoft Corporation, BWise, Software AG, RSA Archer and others.
Key questions answered in this report
- What was the market size of enterprise governance, risk and compliance in 2017 and forecast up to 2026?
- Which is largest regional market for enterprise governance, risk, and compliance?
- What are the key market trends observed in the enterprise governance, risk and compliance market?
- Which are the most promising solution, deployment model and industry verticals in enterprise governance, risk and compliance solution market?
- Who are the key players leading the market?
- What are the key strategies adopted by the leading players in market?
- What are the key industrial vertical trends across different geographies and sub-geographies?
