[Research Report] The enterprise governance risk and compliance market is anticipated to grow from US$ 17.22 billion in 2022 to US$ 34.43 billion by 2030, estimated at a CAGR of 9.0% from 2022 to 2030.
Analyst Perspective:
A wide range of sectors place a high value on enterprise governance, risk, and compliance. In addition, the market for enterprise governance, risk, and compliance is expected to increase over the forecast period as a consequence of the stringent regulations put in place by governments and other organizations. The purpose of compliance is to hold industries accountable and take precautions against potential hazards. Understanding internal and external elements is essential for any organization's future in order to make periodic decisions that adhere to enterprise governance risk and compliance (eGRC) rules. The need for information security has grown as a result of an increase in data breaches in several businesses. Throughout the forecast period, the enterprise governance risk and compliance market is expected to rise due to the growing complexity of transactions occurring in various industries. An organization can benefit from GRC and enterprise governance risk and compliance in a number of ways, such as controlling risks throughout the organization and putting defenses in place against attacks, standardizing workflow and streamlining processes, providing a buffer against regulatory oversight and mistakes, and making sure control systems are in place for uniformity throughout the enterprise.
Enterprise Governance, Risk, and Compliance Market Overview:
The term enterprise governance risk and compliance (eGRC) describes how a business creates internal controls, rules, procedures, regulatory controls, risk assessment, and risk monitoring that all staff members are required to follow. When it comes to financial data treatment in a complex corporate context, the required tools must be put in place to prevent errors from making their way through the data chain and into reports. Enterprise governance, risk, and compliance (EGRC) ensure that controls and procedures are in place to ensure that data is consistent across the organization. The growing dependency on digitally enhanced infrastructure to help organizations identify and manage the dynamic interrelations between risk & compliance and incorporate those disciplines into daily business activities, propelling the growth of the enterprise governance, risk, and compliance market.
Businesses operating in the enterprise governance risk and compliance industry have been developing eGRC solutions with extra features to draw clients and help them take a big chunk of the market. MetricStream, for instance, provides an AI-powered GRC solution that facilitates resilience and agility. Cummins Inc., Trimble Inc., Capricorn Group Limited, and UBS are among the company's notable clients. The eGRC market is expected to increase during the forecast period as a result of the eGRC solutions with extra features that are becoming more popular.
Strategic Insights
Market Driver:
The Increased Number of Data Breaches Across Various Industries Driving Growth of Enterprise Governance Risk and Compliance Market
Organizations are becoming more conscious of the possible repercussions of poor risk management and compliance procedures as a result of the increasing frequency and severity of data breaches. Significant financial losses, harm to one's reputation, and legal consequences can result from data breaches. Organizations are now investing in enterprise governance risk and compliance solutions to reduce these risks and guarantee compliance as a result of this increased awareness. Enterprise governance risk and compliance management (GRC) in the cybersecurity framework is critical in cybersecurity planning and assists firms in mitigating risk in order to prevent future data breaches.
According to the Security Magazine, as of July 2023, more than thirty-nine percent (39%) of businesses experienced a data breach in their cloud environment last year, an increase of the 35% reported in 2022. In addition, human error was described as the primary cause of cloud data breaches by over half (55%) of those surveyed. Enterprise governance risk and compliance is concerned with five major areas: risk management, policy formulation, governance and compliance, strategic planning, and vulnerability assessments. Because every industry is different and data compliance is handled differently, most firms may wind up adopting more than one framework to satisfy their business needs. Enterprise governance risk and compliance assist stakeholders in reviewing security controls that have been implemented, doing internal and external audits, and establishing rules for data sharing with third-party solution providers.
GRC assists stakeholders in reviewing security controls that have been implemented, doing internal and external audits, and establishing rules for data sharing with third-party solution providers. Cyberattacks may take numerous forms and employ multiple technologies to enter a network or compromise assets. Still, the majority of data breaches are caused by credentials that are lost, stolen, or mismanaged. Enterprise governance risk and compliance takes a holistic approach to cybersecurity, utilizing all components via infrastructures, uniting enterprise risk management, governance, and compliance with the most recent requirements. It discovers potential security flaws and excels at giving extensive analytics to offer remedial recommendations and provide a full assessment of the organization's security posture. While cyberattacks may use a variety of methods and technologies to infiltrate a network or compromise assets, data breaches are most commonly caused by lost, stolen, or mismanaged credentials. Thus, the increase in data breaches is driving the growth of the enterprise governance risk and compliance market.
Segmental Analysis:
The enterprise governance risk and compliance market is segmented based on type into component, deployment, enterprise size, and industry vertical. The component segment held the largest share of the market in 2022. In contrast, the deployment segment is anticipated to register the highest CAGR in the enterprise governance risk and compliance market during the predicted period. Based on the component, the enterprise governance risk and compliance market is segmented into software and services. And the deployment segment is segmented into on-premise and cloud. The on-premise segment held the largest share of the market in 2022.
In contrast, the cloud segment is anticipated to register the highest CAGR in the enterprise governance risk and compliance market during the predicted period. The enterprise size is segmented into SMEs and large enterprises. The industry vertical segment is segmented into BFSI, manufacturing, healthcare, energy, IT, and telecom, among others.
Regional Analysis:
North America dominates the enterprise governance risk and compliance market. Some of the leading companies in the eGRC sector, such as Dell Inc., IBM, Microsoft, and Oracle, are based in this region. The presence of big corporations has directly spurred the growth of this region. Additionally, companies in this area have more positive views on data protection, cyber security, and digitization. For example, the United States ranks second globally in terms of digital competitiveness, according to September 2022 research titled "2022 IMD World Digital Competitiveness Ranking" from the International Institute for Management Development. There are increasing security risks as organizations become more interconnected. Due to this issue, identification and access management have become more important, and the national government is creating stronger rules in this area. As a result, businesses need to abide by all federal laws, rules, guidelines, and policies pertaining to identity management. The increasing laws and regulations were propelling the growth of the enterprise governance risk and compliance market.
Further, several players across North America are expanding through various inorganic strategies such as product launches, mergers and acquisitions, and others. For instance, in June 2023, integrated risk management (IRM) and governance, risk, and compliance solutions introduced Aspire, the industry's first AI-powered, knowledge-centric governance, risk, and compliance product. AiSPIRE would use big language models, GRC ontology-based knowledge graphs, and generative AI to maximize the value of an organization's existing governance, risk, compliance, and transactional data. AiSPIRE offers increased efficiency and predictive and data-driven decision-making by giving cognitive insights across all facets of business governance, risk, and compliance. Thus, such instances propelled the growth of the enterprise governance risk and compliance market.
Key Player Analysis:
The enterprise governance risk and compliance market analysis consists of players such as SAI360 Inc., Deloitte Touche Tonmatsu Limited, IBM Corporation, LexisNexis (RELX Group)
MetricStream Inc., Oracle Corporation, Refinitiv, SAP SE, SAS Institute Inc., and Walters Kluwer Financial Services, Inc. are among the players in the enterprise governance risk and compliance market. SAI360 Inc and SAI360 Inc are the top two players owing to the diversified product portfolio offered.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few recent key enterprise governance risk and compliance market developments are listed below:
- In June 2023, SAI360 announced the release of 2023 Release Two, which includes additional tools and resources to assist businesses in accelerating and operationalizing their ESG projects. In addition, the release contains software and training tools to support activities in governance, compliance, environment, learning, health, safety, and sustainability.
- In March 2023, MetricStream announced a strategic agreement with Kinetix. The goal of this collaboration was to give compliance teams AI-powered and automated identification, extraction, and assessment of regulatory requirements that are unique to their organizations in order to ensure precise and timely compliance.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Enterprise Size, Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Enterprise Governance, Risk And Compliance (eGRC) Market - By Component
1.3.2 Enterprise Governance, Risk And Compliance (eGRC) Market - By Deployment
1.3.3 Enterprise Governance, Risk And Compliance (eGRC) Market - By Enterprise Size
1.3.4 Enterprise Governance, Risk And Compliance (eGRC) Market - By Industry Vertical
1.3.5 Enterprise Governance, Risk And Compliance (eGRC) Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) - GLOBAL MARKET OVERVIEW
6.2. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMES
9.3.1. Overview
9.3.2. SMEs Market Forecast and Analysis
9.4. LARGE ENTERPRISES
9.4.1. Overview
9.4.2. Large Enterprises Market Forecast and Analysis
10. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. MANUFACTURING
10.4.1. Overview
10.4.2. Manufacturing Market Forecast and Analysis
10.5. HEALTHCARE
10.5.1. Overview
10.5.2. Healthcare Market Forecast and Analysis
10.6. ENERGY
10.6.1. Overview
10.6.2. Energy Market Forecast and Analysis
10.7. IT AND TELECOM
10.7.1. Overview
10.7.2. IT and Telecom Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Enterprise Governance, Risk And Compliance (eGRC) Market Overview
11.1.2 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis
11.1.3 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Component
11.1.4 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Deployment
11.1.5 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Enterprise Size
11.1.6 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Countries
11.1.7.1 United States Enterprise Governance, Risk And Compliance (eGRC) Market
11.1.7.1.1 United States Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.1.7.1.2 United States Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.1.7.1.3 United States Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.1.7.1.4 United States Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.1.7.2 Canada Enterprise Governance, Risk And Compliance (eGRC) Market
11.1.7.2.1 Canada Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.1.7.2.2 Canada Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.1.7.2.3 Canada Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.1.7.2.4 Canada Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.1.7.3 Mexico Enterprise Governance, Risk And Compliance (eGRC) Market
11.1.7.3.1 Mexico Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.1.7.3.2 Mexico Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.1.7.3.3 Mexico Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.1.7.3.4 Mexico Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Overview
11.2.2 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis
11.2.3 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Component
11.2.4 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Deployment
11.2.5 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Enterprise Size
11.2.6 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.1.1 Germany Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.1.2 Germany Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.1.3 Germany Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.1.4 Germany Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2.7.2 France Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.2.1 France Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.2.2 France Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.2.3 France Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.2.4 France Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2.7.3 Italy Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.3.1 Italy Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.3.2 Italy Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.3.3 Italy Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.3.4 Italy Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2.7.4 United Kingdom Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.4.1 United Kingdom Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.4.2 United Kingdom Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.4.3 United Kingdom Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.4.4 United Kingdom Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2.7.5 Russia Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.5.1 Russia Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.5.2 Russia Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.5.3 Russia Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.5.4 Russia Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.2.7.6 Rest of Europe Enterprise Governance, Risk And Compliance (eGRC) Market
11.2.7.6.1 Rest of Europe Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.2.7.6.2 Rest of Europe Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.2.7.6.3 Rest of Europe Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.2.7.6.4 Rest of Europe Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Overview
11.3.2 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis
11.3.3 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Deployment
11.3.5 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Enterprise Size
11.3.6 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.1.1 Australia Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.1.2 Australia Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.1.3 Australia Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.1.4 Australia Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3.7.2 China Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.2.1 China Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.2.2 China Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.2.3 China Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.2.4 China Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3.7.3 India Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.3.1 India Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.3.2 India Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.3.3 India Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.3.4 India Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3.7.4 Japan Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.4.1 Japan Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.4.2 Japan Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.4.3 Japan Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.4.4 Japan Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3.7.5 South Korea Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.5.1 South Korea Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.5.2 South Korea Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.5.3 South Korea Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.5.4 South Korea Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market
11.3.7.6.1 Rest of Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.3.7.6.2 Rest of Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.3.7.6.3 Rest of Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.3.7.6.4 Rest of Asia-Pacific Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Overview
11.4.2 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis
11.4.3 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Deployment
11.4.5 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Enterprise Size
11.4.6 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Enterprise Governance, Risk And Compliance (eGRC) Market
11.4.7.1.1 South Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.4.7.1.2 South Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.4.7.1.3 South Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.4.7.1.4 South Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.4.7.2 Saudi Arabia Enterprise Governance, Risk And Compliance (eGRC) Market
11.4.7.2.1 Saudi Arabia Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.4.7.2.2 Saudi Arabia Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.4.7.2.3 Saudi Arabia Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.4.7.2.4 Saudi Arabia Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.4.7.3 U.A.E Enterprise Governance, Risk And Compliance (eGRC) Market
11.4.7.3.1 U.A.E Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.4.7.3.2 U.A.E Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.4.7.3.3 U.A.E Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.4.7.3.4 U.A.E Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market
11.4.7.4.1 Rest of Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.4.7.4.2 Rest of Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.4.7.4.3 Rest of Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.4.7.4.4 Rest of Middle East and Africa Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Overview
11.5.2 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis
11.5.3 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Component
11.5.4 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Deployment
11.5.5 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Enterprise Size
11.5.6 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Enterprise Governance, Risk And Compliance (eGRC) Market
11.5.7.1.1 Brazil Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.5.7.1.2 Brazil Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.5.7.1.3 Brazil Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.5.7.1.4 Brazil Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.5.7.2 Argentina Enterprise Governance, Risk And Compliance (eGRC) Market
11.5.7.2.1 Argentina Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.5.7.2.2 Argentina Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.5.7.2.3 Argentina Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.5.7.2.4 Argentina Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
11.5.7.3 Rest of South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market
11.5.7.3.1 Rest of South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market by Component
11.5.7.3.2 Rest of South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market by Deployment
11.5.7.3.3 Rest of South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market by Enterprise Size
11.5.7.3.4 Rest of South and Central America Enterprise Governance, Risk And Compliance (eGRC) Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ENTERPRISE GOVERNANCE, RISK AND COMPLIANCE (EGRC) MARKET, KEY COMPANY PROFILES
13.1. BWISE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DELOITTE TOUCHE TOHMATSU LIMITED
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. IBM CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. LEXISNEXIS (RELX GROUP)
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. METRICSTREAM INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ORACLE CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. REFINITIV
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SAP SE
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SAS INSTITUTE INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WOLTERS KLUWER FINANCIAL SERVICES, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1.Bwise2.Deloitte Touche Tohmatsu Limited3.IBM Corporation4.LexisNexis (RELX Group)5.MetricStream Inc.6.Oracle Corporation7.Refinitiv8.SAP SE9.SAS Institute Inc.10.Wolters Kluwer Financial Services, Inc.The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Enterprise Governance Risk and Compliance Market
Apr 2024
Virtual Reality Puzzle Games Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Age (18 to 34 Years, Above 35 Years, 13 to 17 Years, and Upto 12 Years), Player Type (Single Player and Multi Player), and End Users (Individuals and Professionals)
Apr 2024
Inspection Software for Government Services Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Services (Implementation and Deployment, Support and Maintenance, Training, and Consulting), Deployment (Cloud and On-premises), Application (Permitting and Licensing Management, Inspection and Scheduling Management, Contract Management, and Others), and End User (Local Government, State Government, and Federal Government)
Apr 2024
Spend Analytics for Electronics and Semiconductor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
Apr 2024
Photonic Design Automation Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and Application (Academic Research and Industrial Research & Manufacturing)
Apr 2024
Private 5G Network Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services); Frequency (Sub-6 GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
Apr 2024
Unified Threat Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (Cloud and On-Premise); Enterprise Size (Large Enterprises and SMEs); and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)
Apr 2024
Staffing and Recruitment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Staffing Type (Permanent and Temporary), Recruitment Channel (Online, Hybrid, and Offline), and End User (IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, and Others)