Skip to content
  • About Us
  • Contact Us
  • Press Release

The Global News Press

Daily Source of Industry News & Updates !!

  • Top Stories
  • Health
  • Science
  • Technology
  • Press Release
  • Toggle search form
Enterprise Governance, Risk And Compliance Software

Growing Complexities In Corporate Business Triggers Growth Of Global Enterprise Governance, Risk, and Compliance (eGRC) Market

Posted on June 10, 2021 By Jorge Sipple No Comments on Growing Complexities In Corporate Business Triggers Growth Of Global Enterprise Governance, Risk, and Compliance (eGRC) Market

Enterprise governance, risk, and compliance management solutions facilitate rigorous support to companies & organizations and offer opportunities to specialize in cyber law, health law, security, corporate compliance, and financial services. Enterprise governance, risk, and compliance solutions help people in managing broad issues of corporate governance, efficient corporate compliance, and enterprise risk management. Meanwhile, it also facilitates specialized support in vital areas like human capital, financial advisory, anti-fraud, information technology, financial reporting, tax, and other related services.

The growing complexities in compliance regulatory and risk management atmospheres in corporate businesses are the major reason for the growth of the global enterprise governance, risk, and compliance (eGRC) market. The enterprise governance, risk, and compliance management solutions effectively monitor and define the internal and external business atmosphere. The growing number of risks involved in the business atmosphere is propelling the growth of adoption of such compliance solutions in the market. Such solutions help to analyze and share valuable data for 360-degree verification of the business landscape in the particular organization, thereby helping boards and executives to formulate advanced and informed business strategies.

The implementation of such software across different verticals in the market helps prevent reputational and monetary risk arising due to the non-compliance. Hence, it is vigorously offering an impetus for the growth of the market globally. Commercialization and rapid globalization are providing enough thrust to encourage the government to frame new policies for transparent and fair trade practices. However, such enterprise governance, risk, and compliance solutions help in addressing the complexities of compliance with strict regulatory policies. The growing need for security due to the growing adoption of artificial intelligence and internet of things technology is creating many lucrative growth opportunities in the market that is likely to bolster the growth of the global enterprise governance, risk, and compliance (eGRC) market in the forthcoming years.

The global enterprise governance, risk, and compliance (eGRC) market can be segmented into end-user, enterprise, service, software, component, and region.

By end-user, the market can be segmented into transportation & logistics, telecom & IT, retail & consumer goods, manufacturing, healthcare, government, energy & utilities, construction & engineering, BFSI, and others.

By enterprise, the market can be segmented into large enterprises and small & medium enterprises.

By service, the market can be segmented into support, consulting, and integration.

By software, the market can be segmented into the incident, policy, risk, compliance, and other management.

By component, the market can be segmented into services and software.

North America accounts for the largest share in the global enterprise governance, risk, and compliance (eGRC) market due to the growing risk of government scrutiny and cyber-attacks. Also, the development of high-end management solutions in the region will further drive the growth of the regional market in the forthcoming years.

Some of the significant players in the global enterprise governance, risk, and compliance (eGRC) market are StandardFusion, Lexcomply, Alyne, NAVEX Global, Riskonnect, Quantivate, LogicManager, ProcessGene, SAI Global, Protiviti, MetricStream, Mphasis, Ideagen, MEGA International, RSA Security, Software AG, FIS, Dell EMC, Wolters Kluwer, Thomson Reuters, ServiceNow, SAS Institute, Oracle, Microsoft, and IBM. To cite, in January 2020, XebiaLabs launched innovative software to track security and compliance risk assessment. The software helps in generating the latest status regarding IT governance violations, production security vulnerabilities, and several others.

Jorge Sipple
Jorge Sipple
Digital Journal, Top Stories

Post navigation

Previous Post: Rise in Penetration of Digital Devices To Foster Global Data Analytics Outsourcing Market Growth
Next Post: Global LTE And 5G Broadcast Market Is Expected To Grow With Surging Demand For Density Content Like Live Events

Related Posts

Global Lithium-Ion Battery Market Revenue To Hit US$ 67.70 Billion by 2027 Top Stories
Intelligent Threat Security Market competitive landscape and predicted to accelerate the growth by 2021 2027 Top Stories
Live Video Streaming Softwares Market size, share, key vendors key segment key companies growth opportunities by 2021 to 2027 Digital Journal
Global Craft Beer Market Is Revenue To Scale Up With USD 92,230 Million By 2028 Top Stories
Global Pick to Light Systems Market Pick-to-Light Systems Market set to witness an uptick during 2021 to 2027 Digital Journal
Global Submarine Combat System Market Size, Trends, Forecast to 2028 | Key Players – Lockheed Martin, Thales Group, Northrop Grumman, Saab, BAE Systems PLC Top Stories

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Data recoverers crack Apple’s M1 chip
  • Global Electrosurgical Generators Market Manufacturers and suppliers, Geographical insights and Competitive landscape 2022-2028
  • Global Biometric Payments Market Growth will Accelerate at CAGR value, SWOT Analysis and EBITA Analysis | Know More
  • Global Hyperhidrosis Treatment Market by Historical data, Financial reports of key industry players and Industry journals | Know More
  • Global Robo-Taxi Market by Industry experts, Strategic decision makers, Manufacturers and suppliers and Channel partners|Know More

Who We are

The Global News Press is a news platform that offers a detailed report on every global affair in a unique and conversational way. While we are one of the key news providers all across the world, the enormous number of our followers is the end product of our consistent, true, and trustworthy news reporting service. Besides covering all the happenings around the world only after checking the authenticity of each news report, we see that the platform is not used for the purpose of spreading hatred or propaganda.

Company

  • Home
  • Contact Us

Copyright © 2023 The Global News Press.

Powered by PressBook Grid Blogs theme