The global eGRC market size will touch USD 48 billion at a 13% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Enterprise, governance, risk & compliance or eGRC, is a strategy that is generally adopted by different agencies, enterprises, and organizations for managing their governance and maintaining the business objectives. 

Key Players 

The eminent players profiled in the global enterprise governance risk and compliance market report include Resources Connection, Inc. (U.S.), BWise (Netherlands), Resolver (UK), MetricStream (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle (U.S.), SAS (U.S.), and Dell EMC (U.S.), among others. 

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On the contrary, the challenge to deliver a proper eGRC solution which can meet one’s business needs and change in regulatory policy structures from country to country and business to business may limit the global enterprise governance risk and compliance market growth over the forecast period. 

The MRFR report throws light on an inclusive segmental analysis of the global enterprise governance risk and compliance market based on services, application, business functions, and type. 

By services, the global enterprise governance risk and compliance market is segmented into support, training and consulting, and integration. Of these, the training and consulting segment will lead the market over the forecast period. 

By application, the global enterprise governance risk and compliance market is segmented into government, mining and natural resources, healthcare, retail and consumer goods, construction and engineering, IT and telecom, energy and utility, transportation and logistics, and others (oil and gas, entertainment, media, and tourism). Of these, the BFSI segment will dominate the market over the forecast period. 

By business functions, the global enterprise governance risk and compliance market is segmented into finance, legal, operation, and IT. 

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By region, the global enterprise governance risk and compliance market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. The region being the home to several vendors that acquired various innovative strategies, the presence of several large-scale companies which are constantly at the risk of government scrutiny and cyber-attacks, organizations opting for advanced and agile software solutions which entail fewer resources owing to cyber threats and veritable staffing, and the growing adoption of cloud software, IoT, and big data are adding to the global enterprise governance risk & compliance market growth in the region.