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eGRC Market by Component (Software and Services), Software, Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2024

  • ID: 4792993
  • Report
  • Region: Global
  • 154 Pages
  • Markets and Markets
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In the eGRC Market, Asia Pacific is the Region Set to Grow at the Highest CAGR during the Forecast Period to 2024

FEATURED COMPANIES

  • Bwise
  • EMC Corporation
  • Metricstream Inc.
  • Microsoft
  • Oracle
  • SAP SE
  • MORE

The global enterprises, Governance, Risk and Compliance eGRC market size to grow at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period

The global eGRC market size is expected to grow from USD 31.5 billion in 2019 to USD 51.5 billion by 2024, at a CAGR of 10.3% during the forecast period. The major factors fueling the market growth include the growing need to meet stringent compliance mandates and get a holistic view of policy, risk and compliance data, and increasing data and security breaches. Moreover, the varying structure of regulatory policies may restraint the growth of the market to a certain extent during the forecast period.

Services segment to grow at a higher CAGR during the forecast period

On the basis of components, the eGRC market is segmented into software and services. The services segment is expected to grow at a rapid pace during the forecast period. The growth of the services segment is attributed to the growing need to support the adoption of eGRC solutions across industries. The services are becoming critical for the successful implementation and smooth running of eGRC solutions. Hence, the demand for various services such as training, consulting, and support is expected to increase in the eGRC market.

Finance segment to grow at the highest CAGR during the forecast period

The eGRC market, on the basis of business functions, has been segmented into finance, Information Technology (IT), legal, and operations. The growth of the finance segment is attributed to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins. Finance, being one of the internal functions of an organization, has to comply with various norms such as Sarbanes-Oxley, Basel II, Solvency II, and Dodd-Frank, which contribute to the increasing adoption of eGRC solutions.

Organizations across the region are looking for a framework that can help them effectively manage their Governance Risk Compliance (GRC) programs, as traditional methods are no longer adequate to manage and mitigate advanced cyberattacks, and manage compliances and risks. Therefore, industries across the region are focusing on the integration of eGRC solutions with their operations.

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, hedge fund managers, and executives from various key organizations operating in the eGRC market.

  • By Company: Tier I: 21% Tier II: 44%, and Tier III: 35%
  • By Designation: C-Level: 52%, Directors: 34%, and Others: 14%
  • By Region: North America: 40%, APAC: 20%, Europe: 30%, MEA: 5%, and Latin America: 5%

The report includes the study of the key players offering eGRC solutions. Some of the major eGRC vendors are IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), Dell EMC (US), FIS (US), MetricStream (US), Software AG (Germany), SAI Global (US), ProcessGene (Israel), LogicManager (US), NAVEX Global (US), Ideagen (UK), Alyne (Germany), and MEGA International (France). It includes an in-depth competitive analysis of the key players in the eGRC market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage

The report segments the global eGRC market by component, deployment mode, organization size, business function, vertical, and region. The eGRC market by component is divided into software and services. The deployment mode comprises cloud and on-premises. The organization size segment comprises Small and Medium-sized Businesses (SMBs), and enterprises. The business function segment is further divided into finance, IT, legal, and operations. The vertical segment consists of Banking, Financial Services, and Insurance (BFSI), construction and engineering, energy and utilities, government, healthcare, and manufacturing, mining and natural resources, retail and consumer goods, telecom and IT, transportation and logistics, and others (academia, media and entertainment, oil and gas, and tourism and hospitality).

The report also covers the eGRC market with respect to 5 major regions, namely, North America, Europe, APAC, Latin America, and Middle East and Africa (MEA).

The report would help market leaders and new entrants in the global eGRC market in the following ways:

  1. The report segments the market into various subsegments; hence, it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across verticals and regions.
  2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
  3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bwise
  • EMC Corporation
  • Metricstream Inc.
  • Microsoft
  • Oracle
  • SAP SE
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 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 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 (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
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
13.1 International Business Machine Corporation
13.1.1 Overview
13.1.2 Product Offering Scorecard
13.1.3 Business Strategy Scorecard
13.1.4 Recent Developments
13.2 Microsoft
13.2.1 Overview
13.2.2 Product Offering Scorecard
13.2.3 Business Strategy Scorecard
13.2.4 Recent Developments
13.3 SAP SE
13.3.1 Overview
13.3.2 Product Offering Scorecard
13.3.3 Business Strategy Scorecard
13.3.4 Recent Developments
13.4 SAS Institute Inc.
13.4.1 Overview
13.4.2 Product Offering Scorecard
13.4.3 Business Strategy Scorecard
13.4.4 Recent Developments
13.5 Oracle
13.5.1 Overview
13.5.2 Product Offering Scorecard
13.5.3 Business Strategy Scorecard
13.5.4 Recent Developments
13.6 Bwise
13.6.1 Overview
13.6.2 Product Offering Scorecard
13.6.3 Business Strategy Scorecard
13.6.4 Recent Developments
13.7 Fidelity National Information Services Inc. (FIS)
13.7.1 Overview
13.7.2 Product Offering Scorecard
13.7.3 Business Strategy Scorecard
13.7.4 Recent Developments
13.8 Wolters Kluwer
13.8.1 Overview
13.8.2 Product Offering Scorecard
13.8.3 Business Strategy Scorecard
13.8.4 Recent Developments
13.9 Metricstream Inc.
13.9.1 Overview
13.9.2 Product Offering Scorecard
13.9.3 Business Strategy Scorecard
13.9.4 Recent Developments
13.10 Thomson Reuters
13.10.1 Overview
13.10.2 Product Offering Scorecard
13.10.3 Business Strategy Scorecard
13.10.4 Recent Developments
13.11 EMC Corporation
13.11.1 Overview
13.11.2 Product Offering Scorecard
13.11.3 Business Strategy Scorecard
13.11.4 Recent Developments

14 Appendix
14.1 Knowledge Store: The Publishers Subscription Portal
14.2 Discussion Guide
14.3 Introducing Rt: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports

List of Tables

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

List of Figures

Figure 1 Global eGRC Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Global eGRC Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Evaluation Criteria
Figure 9 eGRC Market Snapshot, By Component (2017 Vs. 2022)
Figure 10 eGRC Market Snapshot, By Service
Figure 11 eGRC Market Snapshot, By Software Usage
Figure 12 eGRC Market Snapshot, By Software Type
Figure 13 eGRC Market Snapshot, By Deployment Mode
Figure 14 eGRC Market Snapshot, By Organization Size
Figure 15 eGRC Market Snapshot, By Business Function (2017 Vs. 2022)
Figure 16 eGRC Market Snapshot, By Vertical (2017 Vs. 2022)
Figure 17 eGRC Market Snapshot, By Region
Figure 18 Regulatory and Compliance Mandates are Driving the Overall Growth of the eGRC Market in the Forecast Period
Figure 19 Manufacturing Vertical is Expected to Have the Highest Growth Rate in the eGRC Market During the Forecast Period
Figure 20 Regional Lifecycle: Asia Pacific Exhibits the Highest Growth Potential During the Forecast Period
Figure 21 Market Investment Scenario: Asia Pacific is Expected to Rise as the Best Opportunity Market for Investment in the Next 5 Years
Figure 22 eGRC Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Services Segment is Expected to Exhibit a Higher CAGR During the Forecast Period
Figure 24 Policy Management Software is Expected to Exhibit the Highest CAGR During Forecasted Period
Figure 25 Internal Usage Segment is Expected to Exhibit a Higher CAGR During Forecasted Period
Figure 26 Integration Services is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 27 Cloud Deployment Mode is Expected to Exhibit a Higher CAGR During the Forecast Period
Figure 28 Small and Medium-Sized Business Segment is Expected to Exhibit a Higher CAGR During the Forecast Period
Figure 29 Finance Business Function Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 30 Manufacturing Vertical is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 31 North America is Expected to Have the Largest Market Share During the Forecast Period
Figure 32 Asia Pacific is Expected to Have the Highest Growth Rate in the eGRC Market During the Forecast Period
Figure 33 North America: Market Snapshot
Figure 34 Asia Pacific: Market Snapshot
Figure 35 eGRC Market (Global): Competitive Leadership Mapping, 2017
Figure 36 International Business Machine Corporation: Company Snapshot
Figure 37 Microsoft: Company Snapshot
Figure 38 SAP SE: Company Snapshot
Figure 39 SAS Institute Inc.: Company Snapshot
Figure 40 Oracle: Company Snapshot
Figure 41 Bwise: Company Snapshot
Figure 42 Fidelity National Information Services Inc.: Company Snapshot
Figure 43 Wolters Kluwer: Company Snapshot
Figure 44 Metricstream Inc.: Company Snapshot
Figure 45 Thomson Reuters: Company Snapshot
Figure 46 EMC Corporation: Company Snapshot
Figure 47 Markets and Markets Knowledge Store: Snapshot 1
Figure 48 Markets and Markets Knowledge Store: Snapshot 2

Note: Product cover images may vary from those shown
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  • Bwise
  • EMC Corporation
  • Fidelity National Information Services Inc. (FIS) 
  • International Business Machine Corporation
  • Metricstream Inc.
  • Microsoft
  • Oracle
  • SAP SE
  • SAS Institute Inc.
  • Thomson Reuters
  • Wolters Kluwer
Note: Product cover images may vary from those shown
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