Global Enterprise Governance, Risk and Compliance Market (2019-2026)Posted by manoj jagtap on December 23rd, 2020 Global enterprise governance, risk and compliance market was valued US$ 25.32 Bn in 2019 and is expected to reach US$ 66.76 Bn by 2026, at a CAGR of 12.88% during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Enterprise governance, risk, and compliance (GRC) is a strategic discipline that enables organizations to identify and protect against all types of risks and also increase operations. The increasing demand for corporate governance, regulatory requirements and compliance are boosting the enterprise governance risk and compliance market. Moreover, reducing costs, rationalizing controls, identify operational inefficiencies are adding fuel to the growth of the market. However, lack of awareness and restricted resources is also hampering the growth of enterprise governance, risk and compliance market. Additionally, changing the structure of regulatory policies is hindering the market growth. The software segment is expected to largest market share in the forecast period. Reducing total cost of ownership of software with integrated solutions to tackle myriad regulations, such as compliance to supply chain, and quality control is expected to key factor driving market growth. Moreover, growing need for assessment of third-party and supplier risk and audits are likely to boost the market at a major rate. The BFSI sector accounted for a significant market share of over the enterprise GRC market in 2017. Banks and financial institutions are swamped by regulations introduced as a consequence of the 2008 financial crisis. The devastating impact of the crisis on the global economy resulted in regulators imposing harsher norms and ensuring accountability, transparency, and risk management. North America is estimated to continue to lead the market in the forecast period. Rising cyber-attacks within the region over the last few years has significantly augmented the need for enterprise governance, risk and compliance management solutions. Some of the key players in the global enterprise governance, risk and compliance market are Microsoft, BWise, SAS Institute Inc., IBM Corporation, FIS, Thomson Reuters, Wolters Kluwer, MetricStream Inc., EMC Corporation, Oracle, SAP SE, Newport Consulting Group, Deloitte LLP, Maclear SA, Software AG, Protiviti Inc and Modulo Security, LLC. For More Information Visit @: Scope of the Global Enterprise Governance, Risk and Compliance Market Global Enterprise Governance, Risk and Compliance Market by Component • Services • Cloud • Finance • Large Enterprise • BFSI • North America • Microsoft This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address: Pune, Maharashtra 411051, India. Contact: +919607195908 Like it? Share it!More by this author |