Skip to main content

eGRC Market to Rise at an Impressive CAGR of 13.2%; Urgent Need for Analyzing Regulatory Policies to Boost Growth, says Fortune Business Insights

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, June 08, 2020 (GLOBE NEWSWIRE) — Nowadays, several organizations around the world are adopting automated and digital solutions at a rapid rate. It is further increasing the risk of data theft in those organizations. To battle the challenges of third-party exposure, cybersecurity threats, reputation risk, and regulatory change, the adoption of eGRC will aid in the global enterprise governance, risk & compliance (eGRC) market growth during the forecast period.According to a published report by Fortune Business Insights, titled, “eGRC Market Size, Share & Industry Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, Healthcare, Government, Energy & Utilities, Manufacturing, Retail & Consumer Goods, Telecom & IT and Others) and Regional Forecast, 2019-2026,” the global enterprise governance, risk & compliance (eGRC) market is projected to reach USD 57.57 Billion by 2026, thereby exhibiting a CAGR of 13.2% during the forecast period. However, the report states that the global market was valued at USD 21.72 Billion in 2018. The report further provides an in-depth examination of the ongoing and latest trends with a focus on the business environment worldwide.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.Please visit: https://www.fortunebusinessinsights.com/industry-reports/enterprise-governance-risk-and-compliance-egrc-market-101415
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.Rising Government Investment and Initiatives to Develop eGRC to Favor Growth in Asia PacificThe global enterprise governance, risk & compliance (eGRC) market is geographically divided into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Out of these regions, North America and Europe are in the dominant positions in the global eGRC market. The growth is attributed to the increasing cybersecurity threats in North America due to a rise in the dependency on digital tools. Moreover, in Europe, numerous enterprises are relying more on cloud-based business models which is likely to increase the market growth in the coming years. Also, rising implementation of latest technologies, such as cloud-based solutions, big data, connected devices for workplace integration, BYOD, social networking platforms, and other similar systems tend to bring about security threats. Even then, enterprises deploy them due to their performance-optimizing features and expensive nature.IBM and Thomson Reuters Focus on Strategic Partnership for Developing a Combination of AI and DataIBM, 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. BwiseDell Technologies, Inc.EMC CORPORATIONIBM CorporationMetricStream, Inc.Microsoft CorporationOracle CorporationSAP SEThomson ReutersWolters Kluwer N.V.IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints, and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersGlobal eGRC Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights, and Forecast – By ComponentSoftwareServicesMarket Analysis, Insights, and Forecast – By Deployment ModelCloud-basedOn premiseMarket Analysis, Insights, and Forecast – By Organization SizeLarge EnterpriseSmall & Medium Business EnterpriseMarket Analysis, Insights, and Forecast – By VerticalBFSIHealthcareGovernmentEnergy & UtilitiesManufacturingRetail & Consumer GoodsTelecom & ITOthers (Transportation & Logistics, Construction, etc.)Market Analysis, Insights, and Forecast – By RegionNorth AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!
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 – 2026Push-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 2018-2025Fortune 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. 
Contact Us:

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.