Report Feature
eGRC Market Trends and Forecast
The future of the global eGRC market looks promising with opportunities in the construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, and IT & telecom industries. The global eGRC market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028. The major drivers for this market are increase in stringent compliance mandates, integration of AI/ML (artificial intelligence and machine learning) & blockchain technologies in GRC solutions, and growth in data & security breaches.
Emerging Trends in the eGRC Market
Emerging trends, which have a direct impact on the dynamics of the industry, include surge in penetration of IoT technology, integration of AI technologies in eGRC solutions, and rise in adoption of eGRC software in financial institutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
eGRC Market by Segment
The study includes a forecast for the global eGRC market by eGRC market by component, business operations, deployment type, end use industry, and region, as follows:
eGRC Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Software
- Services
eGRC Market by Business Operations [Value ($B) Shipment Analysis from 2017 to 2028]:
- Finance
- IT
- Legal
- Operations
eGRC Market by Deployment Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- On-Premises
- Cloud
eGRC Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Construction and Engineering
- Energy and Utility
- BFSI
- Retail and Consumer Goods
- Transportation and Logistics
- IT and Telecom
- Others
eGRC Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of eGRC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies eGRC companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the eGRC companies profiled in this report include.
- IBM
- Wolters Kluwer N.V.
- Convercent
- NAVEX Global
- Refinitive
- SAS Institute
- SAI Global Pty
- Microsoft
- Oracle
- SAP SE
eGRC Market Insights
- Lucintel forecasts that finance will remain the largest segment over the forecast period due to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins.
- Within this market, BFSI is expected to remain the largest segment due to penetration in technological innovations. Additionally, enterprise governance, risk, and compliance play a vital role in providing compliance with finance-related mandates and heads exact operations with respect to the financial process.
- North America will remain the largest region due to the suppliers in this region are diving deep into the roots of creating innovative commodities, adoption of high technology in almost every part of business sectors, and majority of the supplier in this region is engaged in developing the products and services based on the artificial intelligence (AI), analytics, natural language processing (NLP), and machine learning (ML).
Features of the eGRC Market
- Market Size Estimates: eGRC market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: eGRC market size by various segments, such as by component, business operations, deployment type, end use industry, and region.
- Regional Analysis: eGRC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by component, business operations, deployment type, end use industry, and regions for the eGRC market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the eGRC market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the eGRC market size?
Answer: The global eGRC market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for eGRC market?
Answer: The global eGRC market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the eGRC market?
Answer: The major drivers for this market are increase in stringent compliance mandates, integration of AI/ML (artificial intelligence and machine learning) & blockchain technologies in GRC solutions, and growth in data & security breaches.
Q4. What are the major segments for eGRC market?
Answer: The future of the eGRC market looks promising with opportunities in the construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, and IT & telecom industries.
Q5. What are the emerging trends in eGRC market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include surge in penetration of IoT technology, integration of AI technologies in eGRC solutions, and rise in adoption of eGRC software in financial institutions.
Q6. Who are the key eGRC companies?
Answer: Some of the key eGRC companies are as follows:
Answer: The global eGRC market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for eGRC market?
Answer: The global eGRC market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the eGRC market?
Answer: The major drivers for this market are increase in stringent compliance mandates, integration of AI/ML (artificial intelligence and machine learning) & blockchain technologies in GRC solutions, and growth in data & security breaches.
Q4. What are the major segments for eGRC market?
Answer: The future of the eGRC market looks promising with opportunities in the construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, and IT & telecom industries.
Q5. What are the emerging trends in eGRC market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include surge in penetration of IoT technology, integration of AI technologies in eGRC solutions, and rise in adoption of eGRC software in financial institutions.
Q6. Who are the key eGRC companies?
Answer: Some of the key eGRC companies are as follows:
- IBM
- Wolters Kluwer N.V.
- Convercent
- NAVEX Global
- Refinitive
- SAS Institute
- SAI Global Pty
- Microsoft
- Oracle
- SAP SE
Q7. Which eGRC segment will be the largest in future?
Answer: Lucintel forecasts that finance will remain the largest segment over the forecast period due to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins.
Q8. In eGRC market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the suppliers in this region are diving deep into the roots of creating innovative commodities, adoption of high technology in almost every part of business sectors, and majority of the supplier in this region is engaged in developing the products and services based on the artificial intelligence (AI), analytics, natural language processing (NLP), and machine learning (ML).
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that finance will remain the largest segment over the forecast period due to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins.
Q8. In eGRC market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the suppliers in this region are diving deep into the roots of creating innovative commodities, adoption of high technology in almost every part of business sectors, and majority of the supplier in this region is engaged in developing the products and services based on the artificial intelligence (AI), analytics, natural language processing (NLP), and machine learning (ML).
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the infrastructure as code (IaC) market by component (software and services), business operations (finance, IT, legal, and operations), deployment type (on-premises and cloud), end use industry (construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, IT & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to eGRC market or related to eGRC companies, eGRC market size, eGRC market share, eGRC analysis , write Lucintel analyst at email: helpdesk@lucintel.com . We will be glad to get back to you soon.
