The Organizations are moving toward technology-driven best practices for their GRC programs to comply with the internal and external compliance mandates. The enterprise governance, risk, and compliance (eGRC) solutions and services enable organizations to comply with policy guidelines and government regulations, thereby safeguarding the company’s brand image and reducing risks while pursuing their desired business objectives. Additionally, with an increasingly volatile and dynamic market environment, organizations need to ensure their GRC programs are effective and scalable to meet the constantly evolving regulatory guidelines.
BWise Nasdaq, SAP, Enablon (Wolters Kluwer), SAI Global, MetricStream, LogicManager, Protiviti, Rsam, Dell-RSA, FIS, Thomson Reuters, Ideagen, Resolver, Oracle, and SAS Institute are few of the leading vendors of GRC software and services analyzed for this study. Incident reporting, risk, compliance, policy, and audit management, along with third-party risk management are the core constituents of the overall GRC solution suite for due diligence on business continuity. The risk management software, comprising of various critical risk analytics and subsequent risk mitigation functionalities, essentially formulates the principal segment among the eGRC software tools. The policy management software segment, which essentially creates an integrated and automated approach toward aligning all business policies and workflows for establishing best practices within an organization, is increasingly becoming a focal point for all GRC programs.
According to Infoholic Research, the global enterprise governance, risk, and compliance (eGRC) market is projected to grow at a CAGR of 13.9% during the forecast period. Increasing need to mitigate risks from siloed and disillusioned digital strategies and stringent regulations for data privacy and security are the key factors driving the market.
Market Segmentation Analysis
The report provides a wide-ranging evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report represents every side of the market and is segmented based on regional markets, offerings, and application areas across diverse end-use verticals.
The report covers and analyzes the key vendors in the enterprise governance, risk, and compliance (eGRC) market. The various organic, as well as inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies, have been analyzed to establish their relevance to the market.
The report contains an in-depth analysis of the vendors profile, including recent developments and key product offerings that are pertinent to the market. The prominent vendors profiled in the study include BWise Nasdaq, SAP, Enablon (Wolters Kluwer), SAI Global, MetricStream, and LogicManager. There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, customer reviews, and significant investments in R&D, for analysis of the entire ecosystem.
The report also includes the complete insight of the industry and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and to take informed decisions.
Europe and North America are the leading geographies in the eGRC market in terms of current market spend. However, the fast-emerging competitive economies across Asia Pacific (APAC) and Rest of the World (ROW) are projected to proliferate during the forecast period especially as a result of the extremely competitive business setting in these regions.
The report provides an in-depth analysis of the global enterprise governance, risk, and compliance (eGRC) market. The increasingly competitive market environment with growing vulnerabilities from widespread digital transformation initiatives represents a growing need for constant technology development and upgradation from prominent technology vendors in the market. The eGRC software and services aim at highlighting operational silos and alerting imminent risks by cohesive due-diligence on existing vulnerabilities, thereby creating a congenial and sustainable business environment. This report is directed to address opportunities for almost all key stakeholders including
- Application developers and solution vendors
- System integrators and resellers
- Professional training providers
- Managed service providers
- IT governance consultants, auditors, and managers
- End-users – consumers/enterprise users
The following customization options are available for this report:
- Trends for other verticals: including energy and utilities, food and beverages, chemicals, education, and automotive
- Country-specific trends and market analysis
- Region-specific – Middle East eGRC market analysis
- Additional company profiles
Apart from this, with the existing market analysis, Infoholic Research can also offer a wide array of custom-tailored studies as per the company’s specific needs.