India eGRC Market (2025-2031) Outlook | Size, Share, Analysis, Trends, Revenue, Forecast, Companies, Growth, Value & Industry

Market Forecast By Component (Software, Services), By Vertical (BFSI, Healthcare, Government, Energy & Utilities, Manufacturing, Retail & Consumer Goods, Telecom & IT, Others), By Deployment Model (Cloud-based, On-premise), By Organization size (Large Enterprise, Small & Medium Enterprise) And Competitive Landscape
Product Code: ETC4404085 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Egrc Market Import Shipment Trend (2020-2024)

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.

Graph Showing India egrc market Shipment Trend & Volume from 2020-2024

India eGRC Market Overview

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.

Drivers of the Market

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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

  • India eGRC Market Outlook
  • Market Size of India eGRC Market, 2024
  • Forecast of India eGRC Market, 2031
  • Historical Data and Forecast of India eGRC Revenues & Volume for the Period 2021-2031
  • India eGRC Market Trend Evolution
  • India eGRC Market Drivers and Challenges
  • India eGRC Price Trends
  • India eGRC Porter's Five Forces
  • India eGRC Industry Life Cycle
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Component for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Software for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Services for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Vertical for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By BFSI for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Healthcare for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Government for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Energy & Utilities for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Manufacturing for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Retail & Consumer Goods for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Telecom & IT for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Deployment Model for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Cloud-based for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By On-premise for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Organization size for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Large Enterprise for the Period 2021-2031
  • Historical Data and Forecast of India eGRC Market Revenues & Volume By Small & Medium Enterprise for the Period 2021-2031
  • India eGRC Import Export Trade Statistics
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Vertical
  • Market Opportunity Assessment By Deployment Model
  • Market Opportunity Assessment By Organization size
  • India eGRC Top Companies Market Share
  • India eGRC Competitive Benchmarking By Technical and Operational Parameters
  • India eGRC Company Profiles
  • India eGRC Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India eGRC Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India eGRC Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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