Enterprise Governance, Risk and Compliance Software Market
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Published By: Zion <strong>Market</strong> Research<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong><br />
<strong>Software</strong> <strong>Market</strong> Expected to Reach USD 49,900 million<br />
by 2024<br />
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<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
The new report by the Zion <strong>Market</strong> Research on the “<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong><br />
<strong>Software</strong> <strong>Market</strong> by Component (<strong>Software</strong> (Audit management, <strong>Compliance</strong> Management, <strong>Risk</strong><br />
management, Policy management, Incident management, <strong>and</strong> Others (Business continuity management,<br />
IT eGRC, financial control management, <strong>and</strong> issue management)), <strong>and</strong> Services (Consulting <strong>and</strong><br />
training, Integration, <strong>and</strong> Support); Deployment Model (Cloud, <strong>and</strong> On-premises); Organization Size<br />
(<strong>Enterprise</strong>s, Small <strong>and</strong> Midsize business (SMBs)) ; Business Function (Finance, IT, Operations, <strong>and</strong><br />
Legal); Industry vertical (BFSI, Healthcare, Government, Construction <strong>and</strong> Engineering, Energy <strong>and</strong><br />
utilities, Manufacturing, Mining <strong>and</strong> natural re Components, Retail <strong>and</strong> consumer goods, Telecom <strong>and</strong> IT,<br />
Transportation <strong>and</strong> logistics, <strong>and</strong> Others)-Global Industry Perspective, Comprehensive Analysis <strong>and</strong><br />
Forecast, 2016 – 2024″ has a vast information about the market <strong>and</strong> its potential.<br />
The global enterprise governance, risk, <strong>and</strong> compliance software market was valued at around USD<br />
23,100 million in the year 2016 <strong>and</strong> it is expected to reach approximately USD 49,900 million by 2024.<br />
The global enterprise governance, risk <strong>and</strong> compliance software market is expected to exhibit a CAGR of<br />
more than 10% between 2017 <strong>and</strong> 2024.<br />
The chief factor that will trigger the growth of the <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong><br />
market is the increasing adoption of big data <strong>and</strong> IoT in eGRC solutions. The awareness among the<br />
organizations is increasing, about the deployment of security solutions in their day to day business<br />
operations to protect <strong>and</strong> secure the information <strong>and</strong> data from unauthorized access <strong>and</strong> cyber-attacks.<br />
Moreover, rising dem<strong>and</strong> for economic <strong>and</strong> regulatory climate, various financial services firms are<br />
transforming operations to enhance the performance, <strong>and</strong> this will propel the growth of the <strong>Enterprise</strong><br />
<strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> market.
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
Request Free Sample Research Report @https://www.zionmarketresearch.com/sample/enterprisegovernance-risk-compliance-software-market<br />
Our research analysts came up with the conclusion that, increasing number of risk factors against<br />
business data are expected to increase the adoption of compliance solutions <strong>and</strong> security across<br />
verticals, which is expected to accelerate dem<strong>and</strong> for the enterprise governance, risk <strong>and</strong> compliance<br />
software market in the coming years.<br />
The global enterprise governance, risk <strong>and</strong> compliance software market is segmented on the basis of the<br />
component, deployment model, organization size, business function, industry vertical, <strong>and</strong> the<br />
geographical regions.<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong>, <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Component Segment<br />
Analysis<br />
<br />
<br />
<br />
<br />
<br />
<br />
<strong>Software</strong><br />
Audit Management<br />
<strong>Compliance</strong> Management<br />
<strong>Risk</strong> Management<br />
Policy Management<br />
Incident Management<br />
Others (Business continuity management, IT eGRC, financial control management, <strong>and</strong> issue<br />
management)<br />
<br />
<br />
<br />
Services<br />
Consulting <strong>and</strong> training<br />
Integration
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
<br />
Support<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong>, <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Deployment Model<br />
Segment Analysis<br />
<br />
<br />
Cloud<br />
On-premises<br />
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/enterprise-governancerisk-compliance-software-market<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong>, <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Organization Size<br />
Analysis<br />
<br />
<br />
<strong>Enterprise</strong>s<br />
Small <strong>and</strong> Midsize business (SMBs)<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Business Function<br />
Segment Analysis<br />
<br />
<br />
<br />
<br />
Finance<br />
IT<br />
Operations<br />
Legal
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong>, <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Industry vertical Segment<br />
Analysis<br />
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<br />
<br />
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<br />
<br />
<br />
<br />
<br />
<br />
BFSI<br />
Healthcare<br />
Government<br />
Construction <strong>and</strong> Engineering<br />
Energy <strong>and</strong> Utilities<br />
Manufacturing<br />
Mining <strong>and</strong> Natural Resources<br />
Retail <strong>and</strong> Consumer Goods<br />
Telecom <strong>and</strong> IT<br />
Transportation <strong>and</strong> Logistics<br />
Others<br />
Global <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong>: Regional Segment<br />
Analysis<br />
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North America<br />
The U.S.<br />
Europe<br />
UK<br />
France<br />
Germany<br />
Asia Pacific<br />
China
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
<br />
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Japan<br />
India<br />
Latin America<br />
Brazil<br />
The Middle East <strong>and</strong> Africa<br />
Saudi Arabia<br />
UAE<br />
South Africa<br />
Qatar<br />
Rest of Asia Pacific<br />
<strong>Software</strong> <strong>and</strong> services are the two types of components of <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong>, <strong>and</strong> <strong>Compliance</strong><br />
(eGRC) <strong>Market</strong>. The software segment accounted major share in the <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong><br />
<strong>Compliance</strong> <strong>Software</strong> market in 2017. The rising dem<strong>and</strong> for e GRC software for audit management,<br />
compliance management, risk management, policy management etc. is expected to propel the growth of<br />
segment over the forecast period.<br />
Request Report TOC (Table of Contents) @https://www.zionmarketresearch.com/toc/enterprisegovernance-risk-compliance-software-market<br />
The cloud deployment model is dominating the <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong><br />
market in 2017. The automatic software updates, elasticity, <strong>and</strong> disaster recovery through cloud-based<br />
backup systems is expected to drive the growth of segment over the forecast period.<br />
For regular audits <strong>and</strong> various other regulatory m<strong>and</strong>ates, the enterprises have been greatly adopting<br />
eGRC solutions. Moreover, growing digitization <strong>and</strong> increased cyber risks to critical business information<br />
<strong>and</strong> data generate the dem<strong>and</strong> for eGRC softwares globally. The TechAdvisory.org published a report<br />
which says, according to small business trends, in between 2015 <strong>and</strong> 2016, about 55% of companies has
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
experienced cyber attach at least for ones. Moreover, about 50% companies have experienced data<br />
breaches with employee <strong>and</strong> customer information the year.<br />
For the business process management, finance eGRC helps in segregation of roles <strong>and</strong> duties. The<br />
finance business function is dominating the <strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong><br />
market in 2017. The rising adoption eGRC software for management for a financial process such as<br />
monitoring internal <strong>and</strong> external audits is expected to propel the growth of segment over the forecast<br />
period.<br />
BFSI, healthcare, government, construction <strong>and</strong> engineering, energy <strong>and</strong> utilities, manufacturing, mining<br />
<strong>and</strong> natural resources, retail <strong>and</strong> consumer goods, telecom <strong>and</strong> it, <strong>and</strong> transportation <strong>and</strong> logistics are the<br />
major industry verticals where e-GRC software are widely used. In 2017, the Banking, Financial Services<br />
<strong>and</strong> Insurance (BFSI) segment accounted for a major share in the global e-GRC software market in<br />
2017. The heavy regulations, reliability expectations, huge capital investment, <strong>and</strong> complex relationships<br />
with industry peers is expected to boost the dem<strong>and</strong> for BFSI segment over the forecast period.<br />
The market is growing at a rapid rate in the developed regions. North America dominates the battery<br />
management systems market. The increasing dem<strong>and</strong> for energy storage through renewable energy<br />
storage systems in the region is expected to propel the growth of battery management system market<br />
over the forecast period.<br />
Browse detail report @ https://www.zionmarketresearch.com/report/enterprise-governance-riskcompliance-software-market<br />
North America has registered an influential share in the enterprise governance, risk <strong>and</strong> compliance<br />
software market region in 2017. North America is the well-developed region. The high awareness in the<br />
region about the eGRC software’s <strong>and</strong> services, which helps to generate high revenue for the global<br />
market.
<strong>Enterprise</strong> <strong>Governance</strong>, <strong>Risk</strong> <strong>and</strong> <strong>Compliance</strong> <strong>Software</strong> <strong>Market</strong><br />
The major market players in the enterprise governance, risk <strong>and</strong> compliance software market are<br />
Microsoft, SAP SE, SAS Institute Inc., Oracle Corporation, Bwise , Fidelity National Information Services<br />
Inc. , Wolters Kluwer, Metricstream Inc., Thomson Reuters, EMC Corporation (A Dell Company), <strong>and</strong><br />
International Business Machines Corporation among others<br />
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