Global Enterprise Governance, Risk, and Compliance (eGRC) Market Size By Component, By Vertical, By Geographic Scope And Forecast

Report Highlights

Enterprise Governance, Risk, and Compliance (eGRC) Market Insights

According to Verified Market Research, the Global Enterprise Governance, Risk, and Compliance (eGRC) Market was valued at USD 31.13 Billion in 2019 and is projected to reach USD 71.56 Billion by 2027, growing at a CAGR of 12.21% from 2020 to 2027.

The Enterprise Governance, Risk, and Compliance (eGRC) Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Enterprise Governance, Risk, and Compliance (eGRC) Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Enterprise Governance, Risk, and Compliance (eGRC) Market Overview

The growing globalization and commercialization of companies across the globe (particularly in developing regions such as Asia Pacific and Latin America) has led growing complexity surrounding the regulatory environment. In response to this, it can be seen that there is a broadening range of enterprises that require compliance with regulations that have been imposed by the various governing bodies. The growing business functions and stringent compliance mandates have been the biggest driver of the eGRC market.

This report provides an all-inclusive environment for the analysis of the Enterprise Governance, Risk, and Compliance (eGRC) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Enterprise Governance, Risk, and Compliance (eGRC) Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Enterprise Governance, Risk, and Compliance (eGRC) Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Enterprise Governance, Risk, and Compliance (eGRC) Market.