| Product Code: ETC4404085 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India egrc market import shipment demonstrated robust growth from 2020 to 2024 with a notable CAGR of 41.7%. Although the growth rate between 2023 and 2024 slightly moderated to 9.4%, indicating a stabilization, the market expansion trend remains strong overall.
The India Enterprise Governance, Risk, and Compliance (eGRC) market is expanding as businesses strive to manage risks, ensure regulatory compliance, and enhance governance practices. eGRC solutions provide a holistic approach to risk management, compliance tracking, and policy management. With evolving regulations and the need for transparent and effective governance, the eGRC market is growing in significance. Organizations are adopting these solutions to streamline their governance, risk, and compliance processes, ensuring they operate within legal and ethical boundaries.
The India Enterprise Governance, Risk, and Compliance (eGRC) market is witnessing growth as businesses grapple with complex regulatory environments and the need for efficient risk management. Organizations in India are under increasing pressure to adhere to regulations, manage risks, and ensure compliance with various standards. eGRC solutions provide a holistic approach to governance, risk, and compliance by centralizing data, automating processes, and enabling real-time monitoring. The growing complexity of business operations and data privacy concerns are driving the adoption of eGRC solutions. Additionally, the integration of AI and analytics in eGRC platforms is enhancing risk prediction and management capabilities, making them invaluable for businesses seeking to mitigate risks and ensure compliance.
The India eGRC (Enterprise Governance, Risk Management, and Compliance) market faces challenges related to regulatory complexity and evolving risk landscapes. India regulatory environment is multifaceted and constantly evolving, making it challenging for organizations to keep up with compliance requirements. Moreover, as businesses face new and evolving risks, they need to continually adapt their eGRC solutions to address these challenges effectively.
The need for risk management and compliance solutions was emphasized during the pandemic. The eGRC market in India expanded as companies sought to manage risks and adhere to changing regulations.
The India eGRC (Enterprise Governance, Risk Management, and Compliance) market is influenced by major providers like MetricStream, RSA Security, and IBM Corporation. These companies deliver eGRC solutions that help India organizations effectively manage risk, ensure compliance with regulations, and optimize their governance practices, thereby promoting a culture of transparency and accountability in the corporate landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India eGRC Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India eGRC Market Revenues & Volume, 2021 & 2031F |
3.3 India eGRC Market - Industry Life Cycle |
3.4 India eGRC Market - Porter's Five Forces |
3.5 India eGRC Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India eGRC Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.7 India eGRC Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.8 India eGRC Market Revenues & Volume Share, By Organization size, 2021 & 2031F |
4 India eGRC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing regulatory requirements in India related to data privacy and security |
4.2.2 Growing awareness among Indian businesses about the importance of risk management and compliance |
4.2.3 Adoption of digital technologies and cloud computing leading to a need for enhanced governance and risk controls |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding about eGRC solutions among small and medium-sized enterprises in India |
4.3.2 Resistance to change and perceived complexity in implementing eGRC systems |
4.3.3 Budget constraints for investing in comprehensive eGRC solutions |
5 India eGRC Market Trends |
6 India eGRC Market, By Types |
6.1 India eGRC Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India eGRC Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India eGRC Market Revenues & Volume, By Software, 2021-2031F |
6.1.4 India eGRC Market Revenues & Volume, By Services, 2021-2031F |
6.2 India eGRC Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 India eGRC Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.3 India eGRC Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.4 India eGRC Market Revenues & Volume, By Government, 2021-2031F |
6.2.5 India eGRC Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.2.6 India eGRC Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.7 India eGRC Market Revenues & Volume, By Retail & Consumer Goods, 2021-2031F |
6.2.8 India eGRC Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 India eGRC Market Revenues & Volume, By Others, 2021-2031F |
6.3 India eGRC Market, By Deployment Model |
6.3.1 Overview and Analysis |
6.3.2 India eGRC Market Revenues & Volume, By Cloud-based, 2021-2031F |
6.3.3 India eGRC Market Revenues & Volume, By On-premise, 2021-2031F |
6.4 India eGRC Market, By Organization size |
6.4.1 Overview and Analysis |
6.4.2 India eGRC Market Revenues & Volume, By Large Enterprise, 2021-2031F |
6.4.3 India eGRC Market Revenues & Volume, By Small & Medium Enterprise, 2021-2031F |
7 India eGRC Market Import-Export Trade Statistics |
7.1 India eGRC Market Export to Major Countries |
7.2 India eGRC Market Imports from Major Countries |
8 India eGRC Market Key Performance Indicators |
8.1 Percentage increase in the number of regulatory compliance violations in India |
8.2 Adoption rate of eGRC technologies by Indian organizations |
8.3 Number of cybersecurity incidents reported in India that could have been prevented with effective eGRC implementation |
9 India eGRC Market - Opportunity Assessment |
9.1 India eGRC Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India eGRC Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.3 India eGRC Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
9.4 India eGRC Market Opportunity Assessment, By Organization size, 2021 & 2031F |
10 India eGRC Market - Competitive Landscape |
10.1 India eGRC Market Revenue Share, By Companies, 2024 |
10.2 India eGRC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |