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eGRC - Global Market Trajectory & Analytics

  • ID: 4804343
  • Report
  • April 2021
  • Region: Global
  • 219 pages
  • Global Industry Analysts, Inc
Global eGRC Market to Reach $71.9 Billion by 2027

Amid the COVID-19 crisis, the global market for eGRC estimated at US$28.5 Billion in the year 2020, is projected to reach a revised size of US$71.9 Billion by 2027, growing at a CAGR of 14.1% over the period 2020-2027. Services, one of the segments analyzed in the report, is projected to record 14.6% CAGR and reach US$28.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 13.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 13.6% CAGR

The eGRC market in the U.S. is estimated at US$8.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$12.5 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

Select Competitors (Total 41 Featured):
  • Dell EMC
  • FIS
  • IBM Corporation
  • MetricStream Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute, Inc.
  • Thomson Reuters
  • Wolters Kluwer Financial Services, Inc.
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I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • eGRC: An Introductory Prelude
  • eGRC Deployments Set for Robust Growth Amid Rising Emphasis on Governance, Risk & Compliance Management
  • Critical Importance of Enterprise Risk Management Creates Conducive Environment
  • Necessity of Effective Compliance Management: A Key Driver
  • Stress on Corporate Governance Builds Momentum
  • STable Upward Momentum in Enterprise IT Spending Bodes Well
  • IRM: The Next Evolutionary Phase of GRC
  • Impact of Covid-19 and a Looming Global Recession
  • Cloud-based eGRC Takes Center Stage
  • Demand for On-Premise Software Remains Northbound
  • eGRC Makes Robust Inroads into BFSI Sector
  • eGRC Emerges as Business Imperative for Healthcare Enterprises
  • Government Agencies Rely on eGRC to Strengthen Transparency and Accountability
  • EGRC Deployments Gain Traction in the Retail Industry
  • Mining Firms Emphasize eGRC to Streamline and Automate GRC Processes
  • eGRC Makes Strong Gains in the Telecom Sector
  • Growing Deployments in Airlines, Automotive, Manufacturing and Utilities Sectors
  • Airlines
  • Automotive
  • Manufacturing
  • Energy & Utilities
  • Widening Use Case in Information Export Control Applications
  • Effective Integration with Enterprise Load: Vital for Generating Meaningful & Actionable Insights
  • PRODUCT OVERVIEW
  • eGRC: Introduction, Focus Areas and Importance
  • IRM
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
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