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Enterprise Governance, Risk and Compliance (EGRC) Market By Solution Type (Services and software), By Deployment Model (On-premise Deployment and Cloud-based Deployment), By Industrial Vertical (BFSI, IT & Telecommunications, Government, Power & Utilities, Aerospace, Healthcare, Manufacturing, Transportation, Consumer Goods and Construction & Engineering) – Growth, Future Prospects, and Competitive Analysis, 2018 - 2026

"Stringent Corporate Governance Regulations to Stimulate the Demand for Enterprise Governance, Risk and Compliance (EGRC) Solutions"

The enterprise governance, risk, and compliance market reached a market value of US$ 26.49 Bn in 2017, with a CAGR of 10.08% during the forecast period from 2018 to 2026. Organizations are steadily facing increased complexity and changing regulatory environments, thereby opting for a more structured approach to 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 emphasized organizations' ability to have an 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

"Software Segment to Cement its Dominance in Enterprise Governance, Risk and Compliance Market"

The software segment represented the largest share of the overall EGRC market value generated worldwide. The primary purpose of EGRC software is to automate much of the work associated with the documentation & reporting of 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.

"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 environments toward EGRC management across different industry verticals. In addition, the presence of a 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 is represented as the hub of the manufacturing industry with continual advancements in the sector. The increasingly competitive nature of the region has forced organizations to adopt viable solutions to maintain the efficiency of their EGRC management.

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 segment 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 the 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  

  The base Year           2017  

  Forecast Period         2018-2026  

  Historical Year           2016  

  Unit                         USD Million  

Segmentation  Solution Segment (2016–2026; US$ Mn)

Services

  •   Integration
  •   Consulting
  •   Support

Software

  •   Audit Management
  •   Compliance Management
  •   Risk Management
  •   Policy Management
  •   Incident Management
  •   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 the Rest of Europe)
  • Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Key players in the 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 what forecast up to 2026?
  • Which is the 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 models, and industry verticals in the 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 the market?
  • What are the key industrial vertical trends across different geographies and sub-geographies?

Frequently asked questions :

The market for Enterprise Governance, Risk and Compliance (EGRC) Market is expected to reach US$ XX Bn in 2026.

The Enterprise Governance, Risk and Compliance (EGRC) Market is expected to see significant CAGR growth over the coming years, at 10.08%.

The report is forecasted from 2017-2026.

The base year of this report is 2021.

SAP SE, Dell Inc., Oracle Corporation, Wolters Kluwer N.V., International Business Machines Corporation, Fidelity National Information Services, Inc. are some of the major players in the global market.

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Published Date:  Jan 2019
Category:  Technology & Media
Report ID:   59548
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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