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eGRC Market

High cost of eGRC software, security issues associated with it, and complexity in installation & configuration hinder the growth of the market. On the contrary, integration of artificial intelligence in eGRC software and rise in demand from developing economies are expected to provide major opportunities for the growth of the eGRC market during the forecast period.

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eGRC Market

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  1. eGRC Market to expand annually by 12.40% CAGR for the next seven years Prediction by AMR High cost of eGRC software, security issues associated with it, and complexity in installation & configuration hinder the growth of the market. On the contrary, integration of artificial intelligence in eGRC software and rise in demand from developing economies are expected to provide major opportunities for the growth of the eGRC market during the forecast period. The BFSI segment is excepted garner significant share during the forecast period. The major factors driving the adoption of eGRC software in this sector include surge in need for this software by various banks for managing money laundering, terrorist financing, foreign exchange risk, and interest rate risk. However, the manufacturing sector is expected to grow at a highest rate during the forecast period, owing to upsurge in demand for eGRC software due to rise in fraud & bribery, supply chain risk, intellectual property risk, and reputational risk in manufacturing industries. The growth of the global enterprise governance, risk, and compliance market is driven by increase in risk of data breach in organizations and implementation of stringent government regulations towards data security, risk management, and compliance. In addition, surge in penetration of IoT technology and rise in adoption of eGRC software in financial institutions fuel the growth of the market. The report focuses on the growth prospects, restraints, and trends of the eGRC software analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market. Request Sample Report at: https://www.alliedmarketresearch.com/request- sample/950 The global eGRC market is segmented into component, deployment mode, organization size, business functions, type, industry vertical, and region. In terms of component, the global market is bifurcated into software and services. By

  2. deployment mode, it is divided into on-premise and cloud. As per organization size, it is categorized into large enterprises and small & medium enterprises. Depending on function, it is segregated into finance, information technology, legal, and operations. According to type, it is fragmented into policy management, compliance management, audit management, incident management, risk management, and others. On the basis of industry vertical, it is classified into BFSI, IT& telecom, retail, healthcare, energy & utilities, manufacturing, government & defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Stringent regulations have been imposed by the government on various organizations for deploying eGRC, which helps companies to evaluate, identify, analyze, and consider both opportunities and risk to protect the corporate brand and create value for their shareholders. The Singapore government has introduced a new regulatory framework that has strict policies toward financial crimes. Moreover, according to a study conducted in China, the Chinese Government implemented GRC solution in organizations for improving risk monitoring, segregation of duties (SOD), management reporting, and continuous control monitoring (CCM). Thus, these different regulations imposed by the government in different countries for the deployment of eGRC software have provided a lucrative opportunity for the eGRC market in the recent years. Key Benefits for eGRC Market: ► The study provides an in-depth analysis of the global eGRC market forecast along with the current & future trends to elucidate the imminent investment pockets. ► Information about key drivers, restrains, and opportunities and their impact analysis on the global eGRC market size is provided in the report. ► Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry. ► The quantitative analysis of the eGRC industry for the period 2018–2026 is provided to determine the market potential. Access the full summary at: https://www.alliedmarketresearch.com/enterprise- governance-Risk-and-compliance-market

  3. Developing economies are at high risk of cyber-attacks & fraudulent attacks, money laundering, terrorist activities, and data theft problem. Therefore, rise in adoption of this software have been witnessed in developing economies, which is expected to drive the growth of the eGRC market size. Furthermore, many developing economies are under high foreign debt, which makes them susceptible to currency attacks due to changes in international exchange rates. This increases the adoption of compliance management and eGRC software in these countries. Moreover, rise in spending on IT expenditure and digitization by developing economies has led to increase in different security concerns, data theft, and cyber-attacks, which boosts the need for risk & compliance management software, thereby minimizing the risks of financial fraud and data theft. Key Market Players: ► LOCKPATH, INC. ► SAS INSTITUTE INC. ► METRICSTREAM INC. ► RSA SECURITY LLC. ► Oracle Corporation ► THOMSON REUTERS ► LOGICMANAGER, INC. ► SAP SE ► INTERNATIONAL BUSINESS MACHINES CORPORATION ► Microsoft Corporation Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia. If you have any special requirements, please let us know and we will offer you the report as per your requirements.

  4. Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision- making for the existing market players as well as those willing to enter the market. About us: Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll-Free: 1-800-792-5285 UK: +44-845-528-1300

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