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Enterprise Governance, Risk, and Compliance (eGRC) Market by Solution (Compliance, Audit, Risk, Policy & Incident Management), Services (Consulting, Support & Maintenance, and Integration) – Global Forecast to 2020

  • ID: 3280931
  • June 2015
  • Region: Global
  • 137 Pages
  • Markets and Markets
Global Enterprise Governance Risk and Compliance Market is Expected to Grow from $15.98 Billion in 2015 to $31.77 Billion by 2020

FEATURED COMPANIES

  • BWISE
  • EMC Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • MORE

Enterprise Governance, Risk Management and Compliance (eGRC) is the umbrella term that covers an organization’s approach across these three areas. GRC typically encompasses activities such as corporate governance, enterprise risk management, and corporate compliance with applicable laws and regulations. Enterprise governance, risk management, and compliance have become critical to business management; enterprises have started using GRC data to facilitate performance enhancement measures,

The major restraint in this market is the growing complexity of risk and compliance programs.

There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC region.

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The report will help the market leaders/new entrants in this market in the following ways:

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FEATURED COMPANIES

  • BWISE
  • EMC Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Key Takeaways

2 Research Methodology
2.1 Market Size Estimation
2.1 Market Breakdown and Data Triangulation
2.1.1 Key Data From Secondary Sources
2.1.2 Data From Primary Sources
2.1.2.1 Key Industry Insights
2.1.3 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunity in the eGRC Market
4.2 eGRC Market: Top Three Solution Segments
4.3 eGRC Market Analysis Across Top Three Regions in 2015
4.4 eGRC Market: North America is Expected to Exhibit the Highest Adoption During the Forecast Period
4.5 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 eGRC Market, By Solution
5.2.2 eGRC Market, By Service
5.2.3 eGRC Market, By End User
5.2.4 eGRC Market, By Vertical
5.2.5 eGRC Market, By Region
5.3 Market Dynamic
5.3.1 Drivers
5.3.1.1 Growing Business Partnerships and Associations
5.3.1.2 Government Regulations and Compliance Mandates
5.3.1.3 Increased Operational Efficiency and Reduced Costs
5.3.2 Restraints
5.3.2.1 Varying Structure of Regulatory Policies
5.3.2.2 Limited Resources and Awareness Within Organizations
5.3.3 Opportunities
5.3.3.1 Higher Investments to Manage Compliance
5.3.3.2 Rise of the Software-Enabled Business
5.3.4 Challenges
5.3.4.1 Growing Complexity of Risk and Compliance Programs
5.3.4.2 Complexities Related to Governing Security Across Byod and Cloud Platforms

6 Industry Trends
6.1 Introduction
6.1.1 Standards and Regulations
6.2 eGRC Value Chain
6.2.1 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry

7 Enterprise Governance Risk and Compliance Market Analysis, By Solution
7.1 Introduction
7.2 Compliance Management
7.3 Audit Management
7.4 Risk Management
7.5 Policy Management
7.6 Incident Management
7.7 Financial Controls Management
7.8 Other Solutions

8 eGRC Market Analysis, By Services
8.1 Introduction
8.2 Consulting
8.3 Integration
8.4 Support

9 eGRC Market Analysis, By End User
9.1 Introduction
9.2 Small and Medium Businesses (SMBS)
9.3 Enterprises

10 Enterprise Governance Risk and Compliance Market Analysis, By Vertical
10.1 Introduction
10.2 BFSI
10.3 Construction and Engineering
10.4 Energy and Utility
10.5 Government
10.6 Healthcare
10.7 Manufacturing
10.8 Mining and Natural Resources
10.9 Retail and Consumer Goods
10.10 Telecom and IT
10.11 Transportation and Logistics
10.12 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific (APAC)
11.5 Middle East and Africa (Mea)
11.6 Latin America

12 Competitive Landscape
12.1 Overview
12.2 eGRC Market Evaluation Framework
12.3 Competitive Situation and Trends
12.3.1 New Product Launches
12.3.2 Agreements, Partnerships, Collaborations, and Joint Ventures
12.3.3 Product Up-Gradations

13 Company Profiles
13.1 Introduction
13.2 International Business Machines Corporation (IBM)
13.2.1 Business Overview
13.2.2 Product Portfolio
13.2.3 Key Strategies
13.2.4 Recent Developments
13.2.5 SWOT Analysis
13.3 Microsoft Corporation
13.3.1 Business Overview
13.3.2 Products
13.3.3 Key Strategies
13.3.4 Recent Developments
13.3.5 SWOT Analysis
13.4 Oracle Corporation
13.4.1 Business Overview
13.4.2 Products Portfolio
13.4.3 Key Strategies
13.4.4 Recent Developments
13.4.5 SWOT Analysis
13.5 SAP SE
13.5.1 Business Overview
13.5.2 Product Portfolio
13.5.3 Key Strategies
13.5.4 Recent Developments
13.5.5 SWOT Analysis
13.6 EMC Corporation
13.6.1 Business Overview
13.6.2 Product Portfolio
13.6.3 Key Strategies
13.6.4 Recent Developments
13.6.5 SWOT Analysis
13.7 SAS Institute Inc.
13.7.1 Business Overview
13.7.2 Product Portfolio
13.7.3 Key Strategies
13.7.4 Recent Developments
13.8 Thomson Reuters
13.8.1 Business Overview
13.8.2 Product Portfolio
13.8.3 Key Strategies
13.8.4 Recent Developments
13.9 Fidelity National Information Services, Inc. (FIS)
13.9.1 Business Overview
13.9.2 Product Portfolio
13.9.3 Key Strategies
13.9.4 Recent Developments
13.10 BWISE
13.10.1 Business Overview
13.10.2 Product Portfolio
13.10.3 Key Strategies
13.10.4 Recent Developments
13.11 Newport Consulting Group,Llc
13.11.1 Business Overview
13.11.2 Product Portfolio
13.11.3 Key Strategies
13.11.4 Recent Developments

14 Appendix
14.1 Industry Experts
14.2 Discussion Guide
14.3 Available Customizations
14.4 Related Reports

List of Tables

Table 1 Global Enterprise Governance Risk and Compliance Market Size, 2015–2020 ($Billion)
Table 2 Growing Government Regulations and Compliance Mandates is Propelling the Growth of the eGRC Market
Table 3 Major GRC Standards and Regulations
Table 4 eGRC Market Size, By Solution, 2013–2020 ($Million)
Table 5 Compliance Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 6 Compliance Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 7 Compliance Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 8 Audit Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 9 Audit Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 10 Audit Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 11 Risk Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 12 Risk Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 13 Risk Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 14 Policy Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 15 Policy Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 16 Policy Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 17 Incident Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 18 Incident Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 19 Incident Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 20 Financial Controls Management: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 21 Financial Controls Management: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 22 Financial Controls Management: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 23 Other Solutions: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 24 Other Solutions: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 25 Other Solutions: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 26 Enterprise Governance Risk and Compliance Market Size, By Service, 2013–2020 ($Million)
Table 27 Consulting: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 28 Consulting: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 29 Consulting: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 30 Integration: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 31 Integration: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 32 Integration: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 33 Support: eGRC Market Size, By End User, 2013–2020 ($Million)
Table 34 Support: eGRC Market Size, By Vertical, 2013–2020 ($Million)
Table 35 Support: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 36 Enterprise Governance Risk and Compliance Market Size, By End User, 2013–2020 ($Million)
Table 37 SMBS: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 38 Enterprises: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 39 Enterprise Governance Risk and Compliance Market Size, By Vertical, 2013–2020 ($Million)
Table 40 BFSI: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 41 Construction and Engineering: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 42 Energy and Utility: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 43 Government: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 44 Healthcare: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 45 Manufacturing: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 46 Mining and Natural Resources: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 47 Retail and Consumer Goods: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 48 Telecom and IT: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 49 Transportation and Logistics: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 50 Others: eGRC Market Size, By Region, 2013–2020 ($Million)
Table 51 Enterprise Governance Risk and Compliance Market Size, By Region, 2013–2020 ($Million)
Table 52 North America: Market Size, By Solution, 2013–2020 ($Million)
Table 53 North America: Market Size, By Service, 2013–2020 ($Million)
Table 54 North America: Market Size, By End User, 2013–2020 ($Million)
Table 55 North America: Market Size, By Vertical, 2013–2020 ($Million)
Table 56 Europe: Market Size, By Solution, 2013–2020 ($Million)
Table 57 Europe: Market Size, By Service, 2013–2020 ($Million)
Table 58 Europe: Market Size, By End User, 2013–2020 ($Million)
Table 59 Europe: Market Size, By Vertical, 2013–2020 ($Million)
Table 60 Asia-Pacific: Market Size, By Solution, 2013–2020 ($Million)
Table 61 Asia-Pacific: Market Size, By Service, 2013–2020 ($Million)
Table 62 Asia-Pacific: Market Size, By End User, 2013–2020 ($Million)
Table 63 Asia-Pacific: Market Size, By Vertical, 2013–2020 ($Million)
Table 64 Middle East and Africa: Market Size, By Solution, 2013–2020 ($Million)
Table 65 Middle East and Africa: Market Size, By Service, 2013–2020 ($Million)
Table 66 Middle East and Africa: Market Size, By End User, 2013–2020 ($Million)
Table 67 Middle East and Africa: Market Size, By Vertical, 2013–2020 ($Million)
Table 68 Latin America: Market Size, By Solution, 2013–2020 ($Million)
Table 69 Latin America: Market Size, By Service, 2013–2020 ($Million)
Table 70 Latin America: Market Size, By End User, 2013–2020 ($Million)
Table 71 Latin America: Market Size, By Vertical, 2013–2020 ($Million)
Table 72 New Product Launches, 2013–2015
Table 73 Agreements, Partnerships, Collaborations, and Joint Ventures, 2013–2015
Table 74 Product Up-Gradation, 2013–2015

List of Figures

Figure 1 Markets Covered
Figure 2 Global eGRC Market: Research Methodology
Figure3 Market Size Estimation Methodology: Bottom-Up Approach
Figure4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primaries: By Company, Designation, and Region
Figure 6 Market Breakdown and Data Triangulation
Figure 7 eGRC: Key Insights
Figure 8 Market Evolution: eGRC
Figure 9 eGRC Solutions Market Snapshot (2015 vs. 2020): Market for Policy Management is Expected to Double During the Forecast Period
Figure 10 eGRC Services Market Snapshot (2015 vs. 2020): Market for Integration is Expected to Double During the Forecast Period
Figure 11 Enterprise Governance Risk and Compliance Market Size, 2013–2020 ($Billion)
Figure 12 Global eGRC Market Analysis, By Solution, 2015
Figure 13 North America is Expected to Exhibit the Highest Adoption of eGRC Solutions
Figure 14 North American Enterprises are Investing A Substantial Amount of Their Revenue in eGRC Solutions and Services
Figure 15 Global eGRC Market is Expected to Grow at A CAGR of 14.7%
Figure 16 Audit and Risk Management are the Most Lucrative Sectors for Vendors, Comprising Almost 40% Market Share
Figure 17 BFSI, Healthcare, and Energy & Utility Sectors are Expected to Be the Major Areas of Investment Across North America, Europe, and Asia-Pacific
Figure 18 Stringent Regulatory and Compliance Mandates are Expected to Drive eGRC Adoption in North America
Figure 19 APAC has Gradually Intensified eGRC Adoption and Entered the High Growth Phase
Figure 20 Market Segmentation: By Solution
Figure 21 Market Segmentation: By Service
Figure 22 Market Segmentation: By End User
Figure 23 Market Segmentation: By Vertical
Figure 24 Market Segmentation: By Region
Figure 25 Government Regulations and Compliance Mandates are Expected to Drive the eGRC Market
Figure 26 eGRC: Value Chain Analysis
Figure 27 Supply Chain Analysis
Figure 28 Porter’s Five Forces Analysis
Figure 29 Policy Management Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Integration Services are Expected to Lead the eGRC Market With an Increased Adoption of eGRC Solutions
Figure 31 SMBS are Expected to Exhibit the Highest eGRC Adoption Rate
Figure 32 Manufacturing Sector is Expected to Have the Fastest Adoption Rate of eGRC Solutions and Services During the Forecast Period
Figure 33 Geographic Snapshot
Figure 34 North America is the Most Attractive Market for eGRC Investments
Figure 35 North America is Expected to Grow at the Highest CAGR of 16.1% During the Forecast Period
Figure 36 North America eGRC Market Snapshot: Demand is Driven By the Increasing Need for Risk Management Solution
Figure 37 Asia-Pacific eGRC Market Snapshot: Demand is Driven By the Increasing Need for Risk Management Solution
Figure 38 New Product Launches and Partnerships are the Key Strategies Adopted From 2013 to 2015
Figure 39 Enterprise Governance Risk and Compliance Market Exaluation Framework
Figure 40 Battle for Market Share: New Product Launch Was the Key Strategy
Figure 41 Geographic Revenue Mix of Top 5 Players
Figure 42 IBM: Company Snapshot
Figure 43 IBM: SWOT Analysis
Figure 44 Microsoft Corporation: Company Snapshot
Figure 45 Microsoft Corporation: SWOT Analysis
Figure 46 Oracle Corporation: Company Snapshot
Figure 47 Oracle: SWOT Analysis
Figure 48 SAP SE: Company Snapshot
Figure 49 SAP SE: SWOT Analysis
Figure 50 EMC Corporation: Company Snapshot
Figure 51 EMC Corporation: SWOT Analysis
Figure 52 SAS Institute Inc.: Company Snapshot
Figure 53 Thomson Reuters: Company Snapshot
Figure 54 FIS: Company Snapshot
Figure 55 BWISE: Company Snapshot
Figure 56 Newport Consulting Group: Company Snapshot

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BWISE
  • EMC Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • MORE

Enterprise governance, risk, and compliance (eGRC) solutions and services have been transformed to fulfill the increasing demands from enterprises and professionals worldwide. eGRC has become crucial for the seamless running of businesses across the globe. This is evident from the performance gains, improved compliance, reduced costs, and other benefits derived out of the GRC initiatives, and the technologies undertaken by companies worldwide.

Risk management is a vital part of the core GRC functions and the progression from qualitative risk management to quantitative analysis is a challenge that most organizations face. Companies will need to shift risk processes towards more quantitative methods. It is expected that companies will take up more numerical models to improve their ability in addressing risk management issues.

The data generated from the GRC initiatives adopted by companies is valuable intrinsically and provides insights into the future. Companies often face complexity in constructing a proper repository to mine and analyze this data. It is expected that companies will implement the eGRC processes for the data mining, analytical, and modeling capabilities required to facilitate process re-engineering, process improvement, and performance gains.

The trend of GRC emerging as a core business management need is expected to gain traction in the market. Governance processes, risk management programs, and compliance initiatives, supported by GRC technology infrastructure, are expected to become a part of business management.

eGRC solutions have evolved with time; the GRC 2.0 was managed in silos and was mostly reactionary. There were more projects than programs and people were used as middleware. However, GRC 3.0 has integrated controls and processes.

Authors of the report have segmented the global Enterprise Governance Risk and Compliance market into solutions, services, end users, verticals, and regions. The solution segment of the report includes compliance management, audit management, risk management, policy management, incident management, and financial controls management. The services that are covered in this report are consulting, integration, and support. The report covers SMBs and enterprises as end users of this particular market. The verticals that have adopted eGRC solutions and services extensively are BFSI, construction & engineering, energy & utility, government, healthcare, manufacturing, mining & natural resources, retail & consumer goods, telecom and IY, and transportation & logistics. This market study has been further segmented into five regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

The global Enterprise Governance Risk and Compliance market is expected to grow from $15.98 Billion in 2015 to $31.77 Billion by 2020, at a CAGR of 14.7% from 2015 to 2020.

Note: Product cover images may vary from those shown

- BWISE
- EMC Corporation
- Fidelity National Information Services, Inc. (FIS)
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Newport Consulting Group,Llc
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Thomson Reuters

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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