North America Enterprise Governance, Risk and Compliance (EGRC) Market Size, Share & Trends Analysis Report By Component, By Organization Size, By Application, By Vertical, By Country and Growth Forecast, 2025 - 2032

The North America Enterprise Governance, Risk and Compliance (EGRC) Market would witness market growth of 12.1% CAGR during the forecast period (2025-2032).

The US market dominated the North America Enterprise Governance, Risk and Compliance (EGRC) Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $32,730.3 million by 2032. The Canada market is experiencing a CAGR of 14.4% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 13.2% during (2025 - 2032).

Enterprise Governance, Risk, and Compliance (GRC) is a structured framework that organizations use to manage their corporate governance, risk assessment, and regulatory compliance in a unified and systematic manner. It integrates policies, processes, and technologies that help businesses ensure regulatory adherence, risk mitigation, ethical business conduct, and operational efficiency.

By implementing a GRC framework, enterprises can align their business objectives with regulatory requirements, protect themselves against financial and security risks, and maintain transparency in their corporate governance. One of the primary drivers of enterprise governance, risk and compliance (EGRC) market is the increasing regulatory pressure from governments and international agencies. As businesses expand, they must navigate various regional and industry-specific regulations.

The market in North American is undergoing significant development, which is being driven by the presence of some of the world's largest technology companies and financial institutions that manage vast amounts of sensitive corporate and consumer data. The increasing adoption of BYOD (Bring Your Own Device) policies and IoT-connected infrastructure across industries in the United States is significantly boosting the demand for enterprise GRC solutions. Many American companies have integrated BYOD strategies as a cost-effective measure to support remote and hybrid work models. According to the Survey of Income and Program Participation (SIPP), the percentage of U.S. jobs performed on-site or "in person" decreased by approximately 10 percentage points from 84% in 2019 to 74% in 2021, as reported by the United States Census Bureau. With the proliferation of connected devices in corporate and industrial environments, managing regulatory compliance, cybersecurity risks, and data protection has become increasingly challenging. Organizations are adopting AI-powered risk assessment, automated compliance workflows, and cybersecurity governance tools to ensure regulatory adherence and protect corporate assets from cyber threats. In conclusion, given the increasing focus on data governance, cybersecurity resilience, and regulatory risk management, the market is expected to expand as businesses prioritize automated compliance solutions, AI-powered risk assessment tools, and advanced cybersecurity governance frameworks to adapt to the evolving regulatory and cybersecurity landscape.

Based on Component, the market is segmented into Software (Risk Management, Audit Management, Incident Management, Policy Management, Compliance Management, and Other Software Type), and Services (Integration, Consulting, and Support). Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into ESG, EHS, Legal Services, Director Board, and Other Application. Based on Vertical, the market is segmented into BFSI, Healthcare, Government, Telecom & IT, Energy & Utilities, Manufacturing, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• IBM Corporation
• Genpact Limited
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Wolters Kluwer N.V.
• ServiceNow, Inc.
• MetricStream, Inc.
• RSA Security LLC (Symphony Technology Group)

North America Enterprise Governance, Risk and Compliance (EGRC) Market Report Segmentation

By Component

• Software

Risk Management

Audit Management

Incident Management

Policy Management

Compliance Management

Other Software Type

• Services

Integration

Consulting

Support

By Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)

By Application

• ESG
• EHS
• Legal Services
• Director Board
• Other Application

By Vertical

• BFSI
• Healthcare
• Government
• Telecom & IT
• Energy & Utilities
• Manufacturing
• Other Vertical

By Country

• US
• Canada
• Mexico
• Rest of North America