Enterprise Governance, Risk & Compliance (eGRC) Market to Reach USD 57.57 Billion Backed by Development of Innovative Products

Pune, Aug. 25, 2020 (GLOBE NEWSWIRE) -- The global enterprise governance, risk and compliance market size is set to reach USD 57.57 billion by 2026, exhibiting a CAGR of 13.2% during the forecast period. Increasing cybersecurity threats around the globe is foreseen to be one of the primary forces driving the growth of this market. According to the Threat Landscape Report 2018 published by the European Union Agency for Cybersecurity (ENISA), ransomware caused 39% of the global data malware and 64% of the industrial network breaches in 2017. Moreover, a study conducted by Verizon found that 92% of malware attacks were through emails. As more and more devices get interlinked through cloud software and the internet, the risk quotient to cyber security is bound get higher, thus creating a dire need for eGRC solutions.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/enterprise-governance-risk-and-compliance-egrc-market-101415

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/enterprise-governance-risk-and-compliance-egrc-market-101415

Emergence of IoT and AI Technologies to Spur Market Growth

One of the leading enterprise governance, risk and compliance market trends is the spiking uptake of Internet of Things (IoT) and Artificial Intelligence (AI) technologies by organizations. AI-based eGRC systems are gaining popularity as they facilitate efficient collection and analysis of large volumes of data that companies and governments have to deal with on a daily basis. This will be enable organizations to upgrade and strengthen their IT infrastructure, which will augur well for the eGRC market growth in the forecast period. These systems also have other advantages. For example, they provide a platform for designing a well-configured operating strategy and streamlining diverse business processes. These benefits will also give a boost to the adoption rate of eGRC solutions.

Ability to Analyze and Reduce Organizational Risks to Boost Growth of Software Segment 

In terms of component, the global enterprise governance, risk & compliance (eGRC) market is grouped into software and services. Amongst these, the software sub-segment is anticipated to generate a high global enterprise governance, risk & compliance (eGRC) market revenue during the forthcoming years. It will occur due to the urgent requirement for streamlined and automated GRC programs across the world. A rise in the need for analyzing regulatory policies, obligations, and requirements will also impact growth positively. Additionally, eGRC software has the capability of receiving actionable insights and analyzing them to decrease the risks with the help of business intelligence tools, machine learning technology, and analytics tools.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/enterprise-governance-risk-and-compliance-egrc-market-101415

Asia-Pacific to Boast Highest CAGR; North America to Lead the Charge

Among regions, North America is anticipated to dominate the enterprise governance, risk and compliance market share owing to the increasing vulnerability of data systems to cyber threats. Europe will be the second leading region in this market on account of growing popularity of cloud-based computing systems and a high acceptance rate of advanced technologies such IoT and systems integration software. Asia-Pacific will register the highest CAGR as a result of rising public and private investment in IoT and AI and a steady adoption of cloud-based solutions, especially in India and China.

IBM and Thomson Reuters Focus on Strategic Partnership for Developing a Combination of AI and Data

IBM, a multinational information technology company, based in the U.S., announced its partnership with Thomson Reuters, a Canadian multinational media conglomerate, headquartered in Canada in May 2019. The strategic collaboration would aid the banks in addressing the increasing regulatory requirements through a robust combination of real-time regulatory insights and artificial intelligence (AI). The developed solution is called RegTech and it would be delivered from IBM cloud. 

List of Key Companies Profiled in eGRC Market Are:

  • Bwise
  • Dell Technologies, Inc.
  • IBM Corporation
  • MetricStream, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Thomson Reuters
  • Wolters Kluwer N.V.

Quick Buy – eGRC Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101415

Detailed Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints, and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  • Global eGRC Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Component
      • Software
      • Services
    • Market Analysis, Insights, and Forecast – By Deployment Model
      • Cloud-based
      • On premise
    • Market Analysis, Insights, and Forecast – By Organization Size
      • Large Enterprise
      • Small & Medium Business Enterprise
    • Market Analysis, Insights, and Forecast – By Vertical
      • BFSI
      • Healthcare
      • Government
      • Energy & Utilities
      • Manufacturing
      • Retail & Consumer Goods
      • Telecom & IT
      • Others (Transportation & Logistics, Construction, etc.)
    • Market Analysis, Insights, and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

TOC Continued.

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/enterprise-governance-risk-and-compliance-egrc-market-101415

Have a Look at Related Research Insights:

Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 - 2026

Push-To-Talk Market Size, Share and Industry Analysis by Network (PoC, LMR), Component (Hardware, Software, Services), Application (Public Safety & Security, Transportation & Logistics, Manufacturing & Construction, Travel & Hospitality Defense), And Regional Forecast 2018-2025

Cloud Computing Market Size, Share & Industry Analysis, By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing, Others (Energy and Utilities, Education), and Regional Forecast, 2020-2027

Video Conferencing Market Size, Share & Industry Analysis, By Type (Telepresence, Integrated, Desktop and Service-based), By Application (Small Room, Huddle Rooms, Middle Rooms, and Large Rooms), By Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Regional Forecast, 2019-2026

Team Collaboration Software Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Solutions Type (Conferencing, Communications, Task Management, File sharing & Synchronization, Enterprise Social network), By Deployment Type (On-premise, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT & Telecommunications, Manufacturing, Retail & Consumer Goods, Healthcare, & Others) and Regional Forecast,2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release https://www.fortunebusinessinsights.com/press-release/enterprise-governance-risk-compliance-egrc-market-9274

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.