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eGRC Market by Component (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2024

eGRC Market by Component (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2024

The global enterprises, Governance, Risk and Compliance eGRC market size to grow at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period
The global eGRC market size is expected to grow from USD 31.5 billion in 2019 to USD 51.5 billion by 2024, at a CAGR of 10.3% during the forecast period. The major factors fueling the market growth include the growing need to meet stringent compliance mandates and get a holistic view of policy, risk and compliance data, and increasing data and security breaches. Moreover, the varying structure of regulatory policies may restraint the growth of the market to a certain extent during the forecast period.

Services segment to grow at a higher CAGR during the forecast period
On the basis of components, the eGRC market is segmented into software and services. The services segment is expected to grow at a rapid pace during the forecast period. The growth of the services segment is attributed to the growing need to support the adoption of eGRC solutions across industries. The services are becoming critical for the successful implementation and smooth running of eGRC solutions. Hence, the demand for various services such as training, consulting, and support is expected to increase in the eGRC market.

Finance segment to grow at the highest CAGR during the forecast period
The eGRC market, on the basis of business functions, has been segmented into finance, Information Technology (IT), legal, and operations. The growth of the finance segment is attributed to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins. Finance, being one of the internal functions of an organization, has to comply with various norms such as Sarbanes-Oxley, Basel II, Solvency II, and Dodd-Frank, which contribute to the increasing adoption of eGRC solutions.

Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Organizations acorss the region are looking for a framework that can help them effectivley manage their Governance Risk Compliance (GRC) programs, as traditional methods are no longer adequate to manage and mitigate advanced cyberattacks, and manage compliances and risks. Therefore, industires across the region are fousing on the integration of eGRC solutions with their operations.

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, hedge fund managers, and executives from various key organizations operating in the eGRC market.

By Company: Tier I : 21% Tier II: 44%, and Tier III: 35%
By Designation: C-Level: 52%, Directors: 34%, and Others: 14%
By Region: North America: 40%, APAC: 20%, Europe: 30%, MEA: 5%, and Latin America: 5%

The report includes the study of the key players offering eGRC solutions. Some of the major eGRC vendors are IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), Dell EMC (US), FIS (US), MetricStream (US), Software AG (Germany), SAI Global (US), ProcessGene (Israel), LogicManager (US), NAVEX Global (US), Ideagen (UK), Alyne (Germany), and MEGA International (France). It includes an in-depth competitive analysis of the key players in the eGRC market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage
The report segments the global eGRC market by component, deployment mode, organization size, business fucntion, vertical, and region. The eGRC market by component is divided into software and services. The deployment mode comprises cloud, and on-premises. The organization size segment comprises Small and Medium-sized Businesses (SMBs), and enteprises. The business function segment is further divided into finance, IT, legal, and operations. The vertical segment consists of Banking, Financial Services, and Insurance (BFSI), constrcution and engineering, energy and utilties, governement, helathcare, and manufacturing, mining and natural resources, retail and consumer goods, telecom and IT, transportation and logistics, and others (academia, media and entertainment, oil and gas, and tourism and hospitality). The report also covers the eGRC market with respect to 5 major regions, namely, North America, Europe, APAC, Latin America, and Middle East and Africa (MEA).

The report would help the market leaders and new entrants in the global eGRC market in the following ways:
1. The report segments the market into various subsegments; hence, it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across verticals and regions.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016-2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table GLOBAL EGRC MARKET SIZE AND GROWTH RATE, 2017-2024 (USD MILLION AND Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE EGRC MARKET
    • EGRC MARKET: TOP 3 VERTICALS
    • EGRC MARKET: TOP 3 BUSINESS FUNCTIONS AND REGIONS
    • EGRC MARKET, BY VERTICAL
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • INTRODUCTION
    • SOME OF THE ACQUISITIONS FROM 2015 - 2019
    • REGULATORY IMPLICATIONS
      • INTRODUCTION
    • NON-FINANCIAL ACTS AND REGULATION
  • EGRC MARKET, BY COMPONENT
    • INTRODUCTION
      • Table EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
    • SOFTWARE
      • SOFTWARE USAGE
        • Table SOFTWARE: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • SOFTWARE TYPE
        • Table SOFTWARE: EGRC MARKET SIZE, BY SOFTWARE TYPE, 2017-2024 (USD MILLION)
    • SERVICES
      • Table EGRC MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • TRAINING AND CONSULTING
      • INTEGRATION
      • SUPPORT
  • EGRC MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table EGRC MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
    • CLOUD
      • INCREASE IN THE NEED TO REDUCE COST ASSOCIATED WITH MANAGEMENT OF SOLUTIONS TO BOOST THE ADOPTION OF CLOUDBASED EGRC SOLUTIONS
    • ON-PREMISES
      • ORGANIZATIONS CONCERNED ABOUT SECURITY AND PRIVACY TO PREFER ON-PREMISES SOLUTIONS
  • EGRC MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2019-2024 (USD MILLION)
    • LARGE ENTERPRISES
      • LARGE ENTERPRISES TO ADOPT EGRC SOLUTIONS TO QUICKLY ACCLIMATIZE WITH THE CHANGING REGULATORY ECONOMICAL ENVIRONMENT
    • SMALL AND MEDIUM-SIZED BUSINESSES
      • SMBS TO ADOPT EGRC SOLUTIONS TO STREAMLINE THE GRC PROCESS
  • EGRC MARKET, BY BUSINESS FUNCTION
    • INTRODUCTION
      • Table EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
    • FINANCE
      • EGRC SOLUTIONS TO PLAY A CRUCIAL ROLE IN ASSISTING BUSINESS LEADERS IN STRATEGIC PLANNING, BUDGETING, AND FORECASTING PROCESSES
    • INFORMATION TECHNOLOGY
      • IT GRC SOLUTIONS TO ENABLE ORGANIZATIONS ALIGN IT PROGRAMS WITH THE STRATEGIC OBJECTIVES OF ORGANIZATIONS
    • LEGAL
      • LEGAL BUSINESS FUNCTION TO ADOPT EGRC SOLUTIONS TO STREAMLINE THE PROCESS OF COMPLIANCE MANAGEMENT
    • OPERATIONS
      • TRADITIONAL METHODS TO BECOME INADEQUATE TO SUPPORT THE GRC PROGRAM OF ORGANIZATIONS
  • EGRC MARKET, BY VERTICAL
    • INTRODUCTION
      • Table EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
    • BFSI
      • NEED TO KEEP UP WITH CHANGING REGULATORY ENVIRONMENT TO BOOST THE ADOPTION OF EGRC SOLUTIONS IN THE BFSI SECTOR
    • CONSTRUCTION AND ENGINEERING
      • CONSTRUCTION AND ENGINEERING COMPANIES TO ADOPT EGRC SOLUTIONS TO OVERCOME CHALLENGES RELATED TO PROJECT RISK AND EMPLOYEE SAFETY
    • ENERGY AND UTILITIES
      • ENERGY AND UTILITIES TO INTEGRATE EGRC SOLUTION TO SET UP DIFFERENT POLICIES
    • GOVERNMENT
      • GOVERNMENT SECTOR TO DEPLOY EGRC TO COMPLY WITH FEDERAL DIRECTIVES AND OPERATIONAL MANDATES
    • HEALTHCARE
      • HEALTHCARE INDUSTRY TO DEPLOY EGRC SOLUTION TO ENHANCE PERFORMANCE OF SERVICES DELIVERED
    • MANUFACTURING
      • MANUFACTURING INDUSTRY TO DEPLOY EGRC SOLUTION FOR EFFECTIVE RISK MANAGEMENT
    • MINING AND NATURAL RESOURCES
      • MINNING AND NATURAL RESOURCES TO ADOPT EGRC SOLUTION TO STRENGTHEN BUSINESS OPERATIONS
    • RETAIL AND CONSUMER GOODS
      • RETAIL AND CONSUMER GOODS TO INTEGRATE EGRC SOLUTIONS TO REDUCE OPERATIONAL COST AND ENHANCE PROFIT MARGINS
    • TELECOM AND IT
      • TELECOM AND IT TO DEPLOY EGRC SOLUTIONS TO EFFECTIVELY MANAGE COMPLIANCE AND RISK PROGRAMS
    • TRANSPORTATION AND LOGISTICS
      • EGRC TO BECOME CRUCIAL FOR EFFECTIVE SUPPLY CHAIN MANAGEMENT
    • OTHERS
  • EGRC MARKET, BY REGION
    • INTRODUCTION
      • Table ASIA PACIFIC TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
      • Table EGRC MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY SOFTWARE TYPE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: EGRC MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE : EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY SOFTWARE TYPE , 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table EUROPE: EGRC MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF THE EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY SOFTWARE TYPE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRCMARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: EGRC MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF THE ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY SOFTWARE TYPE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: EGRC MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY SOFTWARE TYPE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY SOFTWARE USAGE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY BUSINESS FUNCTION, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: EGRC MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • IBM
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • TOOLS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAS INSTITUTE
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • THOMSON REUTERS
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WOLTERS KLUWER
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DELL EMC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FIS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • METRICSTREAM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOFTWARE AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAI GLOBAL
    • PROCESSGENE
    • LOGICMANAGER
    • IDEAGEN
    • NAVEX GLOBAL
    • MEGA INTERNATIONAL
    • ALYNE
  • APPENDIX
    • INDUSTRY EXCERPTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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