eGRC Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers
The global eGRC Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "eGRC Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].
- Fortune Business Insights says that the market value stood at US $ 27.01 Billion in 2020
- By 2028, the eGRC Market size is expected to reach US $ 75.24 Billion
- The market is expected to grow at a CAGR of 14% in the forecast period (2021-2028).
- The growth rate of the Global eGRC Market is 14%, with an estimated value of US $ 75.24 Billion million by 2028.
Gather more insights about the market drivers, restrains and growth of the Global eGRC Market
Driving Factor:
Extensive Benefits of AI-enabled eGRC Solutions to Stoke Adoption
The enterprise governance, risk, and compliance market growth is slated to get propelled by the integration of smart technologies such as artificial intelligence (AI) and machine learning (ML) in eGRC systems. According to a joint report by SAP and the University of Applied Sciences, Berlin, embedding GRC solutions with AI will bring about profound changes in business operations, enabling managers to analyze risks and compliance and governance dynamics based on hardcore data. For example, the report observes that as AI becomes more prevalent in businesses, fraud examiners will be able to perform fraud assessments and design and develop key performance indicators (KPIs) to prevent future frauds. Moreover, AI-enabled eGRC will automate regulatory adherence reports and compliance managers will be able to detect external and internal dangers to the enterprise as well as efficiently manage cyber-crime threats to the organizational data. Thus, the emergence of AI-powered eGRC systems has put business process automation on the cusp of a revolution.
Major companies in eGRC Market Report are:
• Origami Risk (Illinois, United States)
• Blue Umbrella Limited (Quarry Bay, Hong Kong)
• Tevora (California, United States)
• LogicManager (Massachusetts, United States)
• SAI Global (Illinois, United States)
• Software AG (Darmstadt, Germany)
• BWise (New York, United States)
• Wolters Kluwer N.V. (Alphen aan den Rijn, Netherlands)
• SAP SE (Weinheim, Germany)
• IBM Corporation (New York, United States)
• Riskonnect, Inc. (Georgia, United States)
• OneTrust, LLC (Georgia, United States)
• Ideagen Plc (Nottingham, United Kingdom)
• NAVEX Global, Inc. (Oregon, United States)
• Dell Technologies (Texas, United States)
• Infosys Limited (Bengaluru, India)
• MetricStream Inc. (California, United States)
• Thomson Reuters Corporation (Toronto, Canada)
• Microsoft Corporation (New Mexico, United States)
• SAS Institute (North Carolina, United States)
Pre-Post COVID-19 Impact on Global eGRC Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the eGRC Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global eGRC Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the eGRC Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
FAQ's:
1. How big is eGRC Market?
The global egrc market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 14% during the forecast period, to Reach USD 75.24 Billion by 2028, from USD 27.01 Billion in 2020
2. Who is the market leader in eGRC?
Major Points in Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
- Global eGRC Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
TOC Continued...!
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