Comprehensive Analysis of the Enterprise Governance, Risk and Compliance (eGRC) Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the enterprise governance, risk and compliance (egrc) market size evolved in recent years?
Recently, there has been a substantial growth in the enterprise governance, risk, and compliance (eGRC) market size. Projections indicate a rise from $40.62 billion in 2024 to an estimated $45.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.4%. Factors such as risk management demands, concerns over data security, the hurdles of globalization, audit and accountability necessities, and a need for operational efficiency are understood to have contributed to this growth during the previous period.
What are the predictions for the enterprise governance, risk and compliance (egrc) market size in the coming years?
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What key factors are fueling the growth of the enterprise governance, risk and compliance (egrc) market?
The rise in cyber-attack occurrences is anticipated to spur the expansion of the enterprise governance, risk, and compliance (eGRC) market. Cyber-attacks denote any unauthorized intrusion into a computer or computing network intending to inflict harm. Organizations worldwide are embracing eGRC solutions to exploit multiple functions such as risk and compliance control, business resiliency programs, and financial audit management. For example, The Department for Science, Innovation, and Technology, a government entity based in the UK, reported in April 2024 that UK businesses confronted approximately 7.78 million different types of cybercrimes and nearly 116,000 non-phishing cybercrimes in 2023. For UK charities, the figure is around 924,000 cybercrimes during the same period. Consequently, the escalating instances of cyber-attacks are fueling the growth of the enterprise governance, risk, and compliance (eGRC) market.
How is the global enterprise governance, risk and compliance (egrc) market divided into key segments?
The enterprise governance, risk and compliance (eGRC) market covered in this report is segmented –
1) By Component: Software, Services
2) By Organization Size: Large Enterprise, Small And Medium Enterprise
3) By Deployment Model: Cloud-Based, On-Premise
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Government, Energy And Utilities, Manufacturing, Retail And Consumer Goods, Telecom And Information Technology (IT), Other Verticals
Subsegments:
1) By Software: Risk Management Software, Compliance Management Software, Audit Management Software, Policy Management Software, Incident Management Software, Third-Party Risk Management Software, Business Continuity Management Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Managed Services
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Who are the key firms paving the way for growth in the enterprise governance, risk and compliance (egrc) market?
Major companies operating in the enterprise governance, risk and compliance (eGRC) market include Microsoft Corporation, The International Business Machines Corporation, Oracle Corporation, SAP SE, Thomson Reuters, Wolters Kluwer N.V., SAS Institute Inc., RSA Security LLC, Workiva, OneTrust LLC, MetricStream Inc., NAVEX Global Inc., Sword GRC, Riskonnect Inc., Resolver Inc., ACL Services Ltd., Convercent, ProcessUnity Inc., SureCloud, Lockpath, LogicManager Inc., Cura Software, LogicGate Inc., SAI Global, Quantivate LLC, Alyne GmbH, CyberSaint Security, 360factors Inc., ConvergePoint Inc., Bwise Beheer B.V.
Which trends are expected to transform the enterprise governance, risk and compliance (egrc) market?
In the enterprise governance, risk and compliance (eGRC) market, some of the primary corporations include Microsoft Corporation, The International Business Machines Corporation, Oracle Corporation, SAP SE, Thomson Reuters, Wolters Kluwer N.V., SAS Institute Inc., RSA Security LLC, Workiva, OneTrust LLC, MetricStream Inc., NAVEX Global Inc., Sword GRC, Riskonnect Inc., Resolver Inc., ACL Services Ltd., Convercent, ProcessUnity Inc., SureCloud, Lockpath, LogicManager Inc., Cura Software, LogicGate Inc., SAI Global, Quantivate LLC, Alyne GmbH, CyberSaint Security, 360factors Inc., ConvergePoint Inc., Bwise Beheer B.V.
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What regions are contributing significantly to the growth of the enterprise governance, risk and compliance (egrc) market?
North America was the largest region in the enterprise, governance, risk, and governance (eGRC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise governance, risk and compliance (egrc) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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