Product overview Enterprise governance, risk and compliance management (eGRC) provides organizations with robust opportunities and support to specialize in corporate compliance, financial services, health or protection and cyber law.
New York, June 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “EGRC Market: By Segmented End User Vertical Type; by Deployment: and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecast to 2030″ – https://www.reportlinker.com/p06191876/?utm_source=GNW
Enterprise management, risk and compliance services help clients manage large enterprise risk issues, trusted compliance and corporate governance while providing specialist support in key areas such as tax , financial reporting, IT, anti-fraud and monetary advisory services and human resources. capital services.
The global EGRC market is expected to project a notable CAGR of 11.6% in 2030.
The global EGRC market is expected to exceed USD 110.2 billion by 2030, from USD 36.57 billion in 2020, growing at a CAGR of 11.6% in the coming years, i.e., 2021- 30. Some of the variables that increase consumption growth globally are low cost of ownership, security, and increased efficiency. Additionally, growth is driven by the increasing amount of enterprise data, coupled with deeper interdependency and data management challenges, as well as the increased need for data management and standardization among enterprises of diverse sectors. Rising risk and rising corporate profits are expected to help the market grow. The market is also benefiting from the increased number of partnerships among major players and the growing interest in content lifecycle tracking among companies.
Global EGRC Market: Segments
BFSI Segment Expected to Grow with Highest CAGR in 2020-30
The global EGRC market is segmented by end-user vertical type into media and entertainment, BFSI, e-commerce and hospitality. During the predicted period, BFSI is expected to hold the highest market share. The most important factors driving the use of eGRC software in this industry include the increasing software requirements of different banks for managing money laundering, terrorist financing, foreign exchange risk and interest rate risk. ‘interest. But, due to increased demand for eGRC software due to increase in fraud and corruption, supply chain risk, intellectual property risk and reputational risks in the production industry , the manufacturing sector is expected to increase at a high level during the forecast period.
Cloud Segment to Grow with Highest CAGR in 2020-30
The global EGRC market is split by deployment type into cloud and on-premises deployment mode. For corporate governance, risk and compliance management, the cloud is primarily the preferred option because it makes operations easier, lowers costs, and facilitates flexibility. Additionally, marketing initiatives from leading solution providers have helped make the cloud a viable and transparent deployment alternative among traditionally considered industries. The cloud deployment mode enables consistency in operations and rapid real-time implementation for businesses. This is the reason why cloud management applications are gaining popularity over on-premises applications in Japanese enterprises. It also offers a range of benefits, including lower running costs, rapid deployment, and greater scalability of connected resources.
Business data growth
The growth of the corporate governance, risk management and compliance market is driven by an increasing amount of corporate data, coupled with deeper challenges of data interdependency and management, and as needed increased data management and standardization among companies in various industries.
Strict government regulations
The government imposes strict regulations on various eGRC deployment organizations, which help companies to assess, detect, analyze and take into account both opportunities and risks to protect the company’s brand and create value for its shareholders. A new regulatory structure, with strict policies on financial crime, has been put in place by the Singapore government. In addition, the Chinese government has applied a GRC solution in organizations to improve risk monitoring, segregation of duties (SOD), management reporting and continuous control monitoring, according to a China Study (CCM).
High investment cost and lack of knowledge
On the contrary, the lack of knowledge about the importance of management solutions for businesses might hinder the growth of the market in the coming years. In addition, uncertainty regarding investment returns will impact the growth of the business management sector.
Global EGRC Market: Key Players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
SAS Institute (USA)
SAI Global (USA)
Thomson Reuters (Canada)
Wolters Kluwer (Netherlands)
Dell EMC (US)
Other top players
Global EGRC Market: Regions
The global EGRC market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Over the forecast period, APAC is expected to have the highest share of the total EGRC market. This market has been segmented into China, Japan, South Korea, and Rest of APAC (RoAPAC). RoAPAC includes Singapore, Thailand, Malaysia, India, New Zealand and Australia. APAC corporate governance, risk and compliance management is expected to generate a large share of global revenue due to increased developed technical infrastructure, stable IT systems, many business interests, strong capabilities investment, etc. These characteristics provide enough space for the regional sector to remain among the top nations throughout the forecast period. The presence of numerous industry leaders in Japan is boosting the competitive landscape, thus fueling the growth of the regional market.
The global EGRC market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global EGRC Market Report Also Contains Analysis of:
By end user industry:
Media and Entertainment
Type of reception
By deployment mode
On the site
EGRC Market Dynamics
EGRC market size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and Segmentation of the EGRC Market Report:
Frequently Asked Questions
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Read the full report: https://www.reportlinker.com/p06191876/?utm_source=GNW
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