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Global eGRC Market Strategy Report 2023: Market to Reach $72.4 Billion by 2030 from $35 Billion in 2022 - Cloud-based eGRC Takes Center Stage

Research and Markets
·4-min read
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Global Market for eGRC

Global Market for eGRC
Global Market for eGRC

Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "eGRC - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global eGRC Market to Reach $72.4 Billion by 2030

The global market for eGRC estimated at US$35 Billion in the year 2022, is projected to reach a revised size of US$72.4 Billion by 2030, growing at a CAGR of 9.5% over the analysis period 2022-2030.

Software, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$44.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 11% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.2 Billion, While China is Forecast to Grow at 8.9% CAGR

The eGRC market in the U.S. is estimated at US$10.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.5 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 8.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Looking Ahead to 2023

Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

  • 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

  • eGRC - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

FOCUS ON SELECT PLAYERS (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.

MARKET TRENDS & DRIVERS

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/mdcehv-global?w=12

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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