eGRC Market by Component (Services, Software), Deployment Mode (Cloud, On-Premises), Business Function (Finance, It, Legal, Operations), Organization Size, Vertical, Usage, and Region - Global Forecast to 2022

  • ID: 4332796
  • Report
  • Region: Global
  • 145 Pages
  • Markets and Markets
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The Market for EGRC is Expected to Grow from USD 22.14 Billion in 2017 to USD 43.87 Billion By 2022, at a CAGR of 14.7%.

FEATURED COMPANIES

  • Bwise
  • Metricstream Inc.
  • Microsoft
  • Oracle Corporation
  • Sap Se
  • Sas Institute Inc.
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The Enterprise Governance, Risk, and Compliance (eGRC) market is projected to grow at a CAGR of 14.7% during the forecast period

The market for eGRC is expected to grow from USD 22.14 billion in 2017 to USD 43.87 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.7%. The regulatory and compliance mandates is a major factor driving the growth of the eGRC market. The rising numbers of rules and regulations introduced by governing bodies for governing business operations are becoming essential for enterprises across the industry verticals. In order to achieve the desired outcomes, enterprises need to design and layout a plan of action. This can be done by properly implementing suitable governance and risk management practices with incorporated compliance policies.
The changing structure of regulatory polices is expected to be a major restraint for the eGRC market. Regulatory policies differ from nation to nation as well as from business to business. The structure of these varying regulatory policies, along with changing macro-economic factors, make it difficult for vendors to meet the end-users’ requirements.

Integration service segment is expected to have the largest market share during the forecast period

The service segment in the eGRC market includes training and consulting, integration, and support. The integration services integrate the industry’s best practices to help organizations by deploying Governance, Risk, and Compliance (GRC) solutions and utilizing these solutions to their maximum potential. Finance business function is expected to have the largest market size during the forecast period. The business function segment in the eGRC market includes finance, IT, legal, and operations. Finance GRC helps manage the financial process control, which includes business processes, such as segregation of roles and duties, monitoring internal and external audits, and authority to permit expenses beyond a particular amount.

Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period

APAC is estimated to grow with the highest CAGR during the forecasted period. Factors, such as continual growth in the mobile network, increasing complexity of business, unregulated nature of the internet, and growth in the adoption of Bring Your Own Device (BYOD) are driving the eGRC market in the APAC region. The North American region is expected to have the largest market share during the forecast period. The main driving factors for the market are the need for increasing operational efficiency and reduced costs, the growing business partnerships and associations, the increasing use of data, and the government regulations and compliance mandates.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
 By Company Type - Tier 1 – 20%, Tier 2 – 45%, and Tier 3 –35%
 By Designation – C-level – 48%, Director-level – 37%, and Others – 15%
 By Region – North America – 22%, Europe– 45%, APAC - 26% , and the Rest of the World (ROW)- 7%

The major eGRC vendors are Microsoft (Washington, US), BWise (Rosmalen, Netherlands), SAS Institute Inc. (North Carolina, US), IBM Corporation (New York, U.S.), FIS (Florida, US), Thomson Reuters (New York, US), Wolters Kluwer (Alphen aan den Rijn, Netherlands), MetricStream Inc. (California, US), EMC Corporation (Massachusetts, US), Oracle (California, US), and SAP SE (Walldorf, Germany).
 
Research Coverage
The eGRC market has been segmented on the basis of content types (software and services), deployment modes, business functions, organization sizes, verticals, and region. The eGRC solutions help IT governance directors/managers, end-users/consumers/enterprise users, and system integrators and resellers to meet the regulatory and compliance mandates. The eGRC market segmented on the basis of the content types include software and services. The software segment is further segmented into usage types and types of software. The services offered in the eGRC market include training and consulting, integration, and support. The deployment modes in eGRC market include the cloud and on-premises. The business functions are segmented into finance, IT, legal, and operations. The organization sizes are segmented into Small and Medium-Sized Businesses (SMBs) and enterprises. The verticals are segmented into Banking, Financial Services, and Insurance (BFSI), energy and utilities, healthcare, retail and consumer goods, telecom and IT, manufacturing, construction and engineering, government, mining and natural resources, transportation and logistics, and others (academia, media and entertainment, oil and gas, and tourism and hospitality). Finally, on the basis of regions, the eGRC market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

The report will help the market leaders and new entrants in the eGRC market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen the organization’s position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

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FEATURED COMPANIES

  • Bwise
  • Metricstream Inc.
  • Microsoft
  • Oracle Corporation
  • Sap Se
  • Sas Institute Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 eGRC market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 eGRC market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the eGRC Market
4.2 eGRC Market, By Vertical, 2017-2022
4.3 Lifecycle Analysis, By Region, 2017-2022

5 Market Overview
5.1 Introduction
5.2 Financial Acts and Regulations
5.3 Non-Financial Acts and Regulation
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Regulatory and Compliance Mandates
5.4.1.2 Rising Business Collaborations
5.4.1.3 Increasing Use of Data
5.4.2 Restraints
5.4.2.1 Changing Structure of Regulatory Policies
5.4.3 Opportunities
5.4.3.1 Growing Market for Cloud-Based Businesses
5.4.3.2 Increasing Investment in Artificial Intelligence Enabled eGRC Solutions
5.4.4 Challenges
5.4.4.1 Providing A Holistic eGRC Solution
5.4.4.2 Complexities Regarding Governing Security Across Byod and Cloud Platform

6 eGRC Market Analysis, By Component
6.1 Introduction
6.2 Software
6.2.1 Software Usage
6.2.1.1 Internal
6.2.1.2 External
6.2.2 Software Type
6.2.2.1 Policy Management
6.2.2.2 Compliance Management
6.2.2.3 Audit Management
6.2.2.4 Incident Management
6.2.2.5 Risk Management
6.2.2.6 Others
6.3 Services
6.3.1 Training and Consulting
6.3.2 Support
6.3.3 Integration

7 eGRC Market Analysis, By Deployment Mode
7.1 Introduction
7.2 Cloud
7.3 On-Premises

8 eGRC Market Analysis, By Organization Size
8.1 Introduction
8.2 Enterprises
8.3 Small and Medium-Sized Businesses

9 eGRC Market Analysis, By Business Function
9.1 Introduction
9.2 Finance
9.3 Information Technology (IT)
9.4 Legal
9.5 Operations

10 eGRC Market Analysis, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
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
11.5 Middle East and Africa
11.6 Latin America

12 Competitive Landscape
12.1 Microquadrant Overview
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Competitive Benchmarking
12.2.1 Business Strategies Adopted By the Major Players in the eGRC Market
12.2.2 Analysis of Product Portfolio of the Major Players in the eGRC Market

13 Company Profiles
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
13.1 International Business Machines Corporation
13.2 Microsoft
13.3 SAP SE
13.4 SAS Institute Inc.
13.5 Oracle Corporation
13.6 Bwise
13.7 Fidelity National Information Services Inc.
13.8 Wolters Kluwer
13.9 Metricstream Inc.
13.10 Thomson Reuters
13.11 EMC Corporation (A Dell Company)

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide

List of Tables

Table 1 United States Dollar Exchange Rate, 2014-2016
Table 2 Evaluation Criteria
Table 3 eGRC Market Size and Growth Rate, 2015-2022 (USD Billion, Y-O-Y%)
Table 4 eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 5 Software: eGRC Market Size, By Software Type, 2015-2022 (USD Million)
Table 6 Software: Market Size, By Software Usage, 2015-2022 (USD Million)
Table 7 Policy Management Market Size, By Software Usage, 2015-2022 (USD Million)
Table 8 Policy Management Market Size, By Business Function, 2015-2022 (USD Million)
Table 9 Compliance Management Market Size, By Software Usage, 2015-2022 (USD Million)
Table 10 Compliance Management Market Size, By Business Function, 2015-2022 (USD Million)
Table 11 Audit Management Market Size, By Software Usage, 2015-2022 (USD Million)
Table 12 Audit Management Market Size, By Business Function, 2015-2022 (USD Million)
Table 13 Incident Management Market Size, By Software Usage, 2015-2022 (USD Million)
Table 14 Incident Management Market Size, By Business Function, 2015-2022 (USD Million)
Table 15 Risk Management Market Size, By Software Usage, 2015-2022 (USD Million)
Table 16 Risk Management Market Size, By Business Function, 2015-2022 (USD Million)
Table 17 Others eGRC Market Size, By Software Usage, 2015-2022 (USD Million)
Table 18 Others Market Size, By Business Function, 2015-2022 (USD Million)
Table 19 eGRC Market Size, By Service, 2015-2022 (USD Million)
Table 20 Training and Consulting: eGRC Market Size, By Business Function, 2015-2022 (USD Million)
Table 21 Training and Consulting: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 22 Training and Consulting: Market Size, By Vertical, 2015-2022 (USD Million)
Table 23 Training and Consulting: Market Size, By Region, 2015-2022 (USD Million)
Table 24 Support: eGRC Market Size, By Business Function, 2015-2022 (USD Million)
Table 25 Support: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 26 Support: Market Size, By Vertical, 2015-2022 (USD Million)
Table 27 Support: Market Size, By Region, 2015-2022 (USD Million)
Table 28 Integration: eGRC Market Size, By Business Function, 2015-2022 (USD Million)
Table 29 Integration: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 30 Integration: Market Size, By Vertical, 2015-2022 (USD Million)
Table 31 Integration: Market Size, By Region, 2015-2022 (USD Million)
Table 32 eGRC Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 33 eGRC Market Size, By Organization Size, 2015-2022 (USD Million)
Table 34 Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 35 Small and Medium-Sized Businesses: Market Size, By Region, 2015-2022 (USD Million)
Table 36 eGRC Market Size, By Business Function, 2015-2022 (USD Million)
Table 37 Market Size, By Vertical, 2015-2022 (USD Million)
Table 38 Banking, Financial Services, and Insurance: Market Size, By Region, 2015-2022 (USD Million)
Table 39 Construction and Engineering: Market Size, By Region, 2015-2022 (USD Million)
Table 40 Energy and Utility: Market Size, By Region, 2015-2022 (USD Million)
Table 41 Government: Market Size, By Region, 2015-2022 (USD Million)
Table 42 Healthcare: eGRC Market Size, By Region, 2015-2022 (USD Million)
Table 43 Manufacturing: Market Size, By Region, 2015-2022 (USD Million)
Table 44 Mining and Natural Resources: Market Size, By Region, 2015-2022 (USD Million)
Table 45 Retail and Consumer Goods: eGRC Market Size, By Region, 2015-2022 (USD Million)
Table 46 Telecom and IT: Market Size, By Region, 2015-2022 (USD Million)
Table 47 Transportation and Logistics: Market Size, By Region, 2015-2022 (USD Million)
Table 48 Others: Market Size, By Region, 2015-2022 (USD Million)
Table 49 eGRC Market Size, By Region, 2015-2022 (USD Million)
Table 50 North America: eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 51 North America: Market Size, By Software Type, 2015-2022 (USD Million)
Table 52 North America: Market Size, By Software Usage, 2015-2022 (USD Million)
Table 53 North America: Market Size, By Service, 2015-2022 (USD Million)
Table 54 North America: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 55 North America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 56 North America: Market Size, By Business Function, 2015-2022 (USD Million)
Table 57 North America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 58 Europe: eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 59 Europe: Market Size, By Software Type, 2015-2022 (USD Million)
Table 60 Europe: Market Size, By Software Usage, 2015-2022 (USD Million)
Table 61 Europe: Market Size, By Service, 2015-2022 (USD Million)
Table 62 Europe: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 63 Europe: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 64 Europe: Market Size, By Business Function, 2015-2022 (USD Million)
Table 65 Europe: Market Size, By Vertical, 2015-2022 (USD Million)
Table 66 Asia Pacific: eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 67 Asia Pacific: Market Size, By Software Type, 2015-2022 (USD Million)
Table 68 Asia Pacific:  Market Size, By Software Usage, 2015-2022 (USD Million)
Table 69 Asia Pacific: Market Size, By Service, 2015-2022 (USD Million)
Table 70 Asia Pacific: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 71 Asia Pacific: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 72 Asia Pacific: Market Size, By Business Function, 2015-2022 (USD Million)
Table 73 Asia Pacific: Market Size, By Vertical, 2015-2022 (USD Million)
Table 74 Middle East and Africa: eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Software Type, 2015-2022 (USD Million)
Table 76 Middle East and Africa: Market Size, By Software Usage, 2015-2022 (USD Million)
Table 77 Middle East and Africa: Market Size, By Service, 2015-2022 (USD Million)
Table 78 Middle East and Africa: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 79 Middle East and Africa: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 80 Middle East and Africa: Market Size, By Business Function, 2015-2022 (USD Million)
Table 81 Middle East and Africa: Market Size, By Vertical, 2015-2022 (USD Million)
Table 82 Latin America: eGRC Market Size, By Component, 2015-2022 (USD Million)
Table 83 Latin America: Market Size, By Software Type, 2015-2022 (USD Million)
Table 84 Latin America: Market Size, By Software Usage, 2015-2022 (USD Million)
Table 85 Latin America: Market Size, By Service, 2015-2022 (USD Million)
Table 86 Latin America: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 87 Latin America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 88 Latin America: Market Size, By Business Function, 2015-2022 (USD Million)
Table 89 Latin America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 90 Market Ranking for the eGRC Market, 2017

List of Figures

Figure 1 Global eGRC Market: Market Segmentation
Figure 2 Global eGRC Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 eGRC Market Snapshot, By Component (2017 vs 2022)
Figure 8 Market Snapshot, By Service
Figure 9 Market Snapshot, By Software Usage
Figure 10 Market Snapshot, By Software Type
Figure 11 eGRC Market Snapshot, By Deployment Mode
Figure 12 Market Snapshot, By Organization Size
Figure 13 Market Snapshot, By Business Function (2017 vs 2022)
Figure 14 Market Snapshot, By Vertical (2017 vs 2022)
Figure 15 Market Snapshot, By Region
Figure 16 Regulatory and Compliance Mandates are Driving the Overall Growth of the eGRC Market in the Forecast Period
Figure 17 Manufacturing Vertical is Expected to Have the Highest Growth Rate in the eGRC Market During the Forecast Period
Figure 18 Regional Lifecycle: Asia Pacific Exhibits the Highest Growth Potential During the Forecast Period
Figure 19 Market Investment Scenario: Asia Pacific is Expected to Rise as the Best Opportunity Market for Investments in the Next 5 Years
Figure 20 eGRC Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Services Segment is Expected to Exhibit A Higher CAGR During the Forecast Period
Figure 22 Policy Management Software is Expected to Exhibit the Highest CAGR During Forecasted Period
Figure 23 Internal Software Usage Segment is Expected to Exhibit A Higher CAGR During Forecasted Period
Figure 24 Integration Services Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 25 Cloud Deployment Mode is Expected to Exhibit A Higher CAGR During the Forecast Period
Figure 26 Small and Medium-Sized Businesses Segment is Expected to Exhibit A Higher CAGR During the Forecast Period
Figure 27 Finance Business Function Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 28 Manufacturing Vertical is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 29 North America is Expected to Have the Largest Market Share During the Forecast Period
Figure 30 Asia Pacific is Expected to Have the Highest Growth Rate in the eGRC Market During the Forecast Period
Figure 31 North America: Market Snapshot
Figure 32 Asia Pacific: Market Snapshot
Figure 33 eGRC Market (Global), Competitive Leadership Mapping, 2017
Figure 34 International Business Machines Corporation: Company Snapshot
Figure 35 Microsoft: Company Snapshot
Figure 36 SAP SE: Company Snapshot
Figure 37 Oracle Corporation: Company Snapshot
Figure 38 Fidelity National Information Services Inc.: Company Snapshot
Figure 39 Wolters Kluwer: Company Snapshot
Figure 40 Thomson Reuters: Company Snapshot
Figure 41 EMC Corporation: Company Snapshot

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  • Bwise
  • EMC Corporation (A Dell Company)
  • Fidelity National Information Services Inc.
  • International Business Machines Corporation
  • Metricstream Inc.
  • Microsoft
  • Oracle Corporation
  • Sap Se
  • Sas Institute Inc.
  • Thomson Reuters
  • Wolters Kluwer
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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