| Product Code: ETC13279966 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global eGRC Market was valued at USD 7.5 Billion in 2024 and is expected to reach USD 13.3 Billion by 2031, growing at a compound annual growth rate of 10.00% during the forecast period (2025-2031).
The global eGRC (enterprise governance, risk, and compliance) market is experiencing significant growth due to increasing regulatory requirements and the need for organizations to manage risks and ensure compliance effectively. This market encompasses software solutions that help businesses streamline their governance, risk management, and compliance processes through automation and integration. Key factors driving market growth include the rising adoption of cloud-based eGRC solutions, the need for improved decision-making through data analytics, and the focus on enhancing operational efficiency. Major players in the global eGRC market include IBM, SAP, Oracle, RSA Security, and MetricStream. As businesses strive to navigate complex regulatory landscapes and mitigate risks, the eGRC market is expected to continue expanding, offering advanced solutions to address evolving governance, risk, and compliance challenges.
The global eGRC (Enterprise Governance, Risk, and Compliance) market is experiencing substantial growth driven by the increasing regulatory requirements, cybersecurity threats, and demand for integrated risk management solutions. The adoption of eGRC solutions is rising across various industries to streamline governance processes, enhance risk management capabilities, and ensure compliance with regulations. Cloud-based eGRC solutions are gaining popularity due to their scalability, flexibility, and cost-effectiveness. The market is witnessing a trend towards AI and machine learning integration for advanced risk analytics and predictive capabilities. Opportunities lie in catering to the evolving compliance landscape, offering industry-specific solutions, and providing enhanced cybersecurity features. As organizations prioritize risk management and compliance initiatives, the eGRC market is poised for continued expansion and innovation.
The Global eGRC (enterprise governance, risk, and compliance) market faces several challenges including the complexity of integrating eGRC solutions with existing systems, the need for skilled professionals to utilize these tools effectively, and the constantly evolving regulatory landscape. Additionally, organizations often struggle with the high costs associated with implementing and maintaining eGRC platforms, as well as ensuring data security and privacy compliance. Furthermore, the lack of standardized frameworks and best practices in eGRC implementation can lead to confusion and inefficiencies. Overall, navigating these challenges requires a strategic approach, strong leadership support, and continuous monitoring and adaptation to ensure successful eGRC implementation and utilization.
The Global eGRC (Enterprise Governance, Risk, and Compliance) Market is primarily driven by the increasing regulatory requirements across industries, the need for organizations to streamline and automate their governance, risk management, and compliance processes, and the growing awareness of the benefits of eGRC solutions in mitigating risks and ensuring compliance. The rise in cyber threats and data breaches has also led to a heightened focus on risk management and compliance, further fueling the demand for eGRC solutions. Additionally, the adoption of cloud-based eGRC platforms, advancements in data analytics and artificial intelligence, and the trend towards integrated risk management approaches are key drivers shaping the growth of the Global eGRC Market.
Government policies related to the Global eGRC (enterprise governance, risk, and compliance) market are aimed at enhancing transparency, accountability, and compliance within organizations. These policies typically focus on data protection, privacy regulations, cybersecurity measures, and regulatory compliance requirements. Governments around the world have introduced various laws and regulations such as GDPR in Europe, CCPA in the United States, and PDPB in India to govern the collection, storage, and processing of personal data. Additionally, regulations like SOX in the U.S. mandate companies to establish internal controls for financial reporting. These policies drive the adoption of eGRC solutions by organizations to effectively manage risks, ensure regulatory compliance, and protect sensitive information, thereby fostering a secure and trustworthy business environment globally.
The Global eGRC (electronic Governance, Risk, and Compliance) market is poised for significant growth in the coming years. Factors such as increasing regulatory complexities, the rise of digital transformation initiatives, and the need for organizations to manage risks effectively are driving the demand for eGRC solutions. As businesses strive to enhance their governance practices and streamline compliance processes, the adoption of eGRC platforms is expected to accelerate. Additionally, the integration of advanced technologies such as artificial intelligence and machine learning into eGRC tools will further drive market growth by providing more efficient risk management capabilities. With organizations across various industries recognizing the importance of robust governance, risk management, and compliance strategies, the Global eGRC market is anticipated to experience substantial expansion in the foreseeable future.
In the Global eGRC (Enterprise Governance, Risk, and Compliance) market, Asia is experiencing rapid adoption due to increasing regulatory requirements and the need for efficient risk management tools. North America remains a key player in the market, with a strong emphasis on compliance and data privacy regulations driving the demand for eGRC solutions. Europe is focused on enhancing corporate governance practices and addressing cybersecurity threats, leading to a growing eGRC market. The Middle East and Africa region is witnessing a rise in eGRC adoption to combat fraud and ensure transparency in business operations. In Latin America, organizations are investing in eGRC technologies to streamline processes and improve decision-making amid evolving regulatory landscapes. Overall, the global eGRC market is expanding across regions as businesses prioritize risk management and compliance strategies.
Global eGRC (Enterprise Governance, Risk and Compliance) Market |
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 Global eGRC (Enterprise Governance, Risk and Compliance) Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 & 2031F |
3.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market - Industry Life Cycle |
3.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market - Porter's Five Forces |
3.5 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By Services, 2021 & 2031F |
3.8 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
3.9 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.10 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume Share, By End users, 2021 & 2031F |
4 Global eGRC (Enterprise Governance, Risk and Compliance) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global eGRC (Enterprise Governance, Risk and Compliance) Market Trends |
6 Global eGRC (Enterprise Governance, Risk and Compliance) Market, 2021 - 2031 |
6.1 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Software, 2021 - 2031 |
6.1.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Risk Management, 2021 - 2031 |
6.1.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Audit Management, 2021 - 2031 |
6.1.5 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Compliance Management, 2021 - 2031 |
6.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Training & Consultation, 2021 - 2031 |
6.2.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Implementation & Integration, 2021 - 2031 |
6.2.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Support & Mantenance, 2021 - 2031 |
6.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Cloud, 2021 - 2031 |
6.3.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By On-Premise, 2021 - 2031 |
6.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By SMEs, 2021 - 2031 |
6.4.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Large Enterprises, 2021 - 2031 |
6.5 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By BFSI, 2021 - 2031 |
6.5.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By IT & Telecom, 2021 - 2031 |
6.5.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.5.5 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.5.6 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Government, 2021 - 2031 |
6.5.7 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Energy & Utility, 2021 - 2031 |
6.5.8 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Transporttion & Logistics, 2021 - 2031 |
6.5.9 Global eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Retail & Consumer Goods, 2021 - 2031 |
7 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
7.1 North America eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
7.2 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
7.3 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
7.5 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
7.6 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
7.7 North America eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
8 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
8.1 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
8.5 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
8.6 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
8.7 Latin America (LATAM) eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
9 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
9.1 Asia eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
9.2 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
9.5 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
9.6 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
9.7 Asia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
10 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
10.1 Africa eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
10.2 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
10.5 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
10.6 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
10.7 Africa eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
11 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
11.1 Europe eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
11.2 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
11.4 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
11.5 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
11.6 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
11.7 Europe eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
12 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Overview & Analysis |
12.1 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Component, 2021 - 2031 |
12.4 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Services, 2021 - 2031 |
12.5 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Deployment, 2021 - 2031 |
12.6 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By Size, 2021 - 2031 |
12.7 Middle East eGRC (Enterprise Governance, Risk and Compliance) Market, Revenues & Volume, By End users, 2021 - 2031 |
13 Global eGRC (Enterprise Governance, Risk and Compliance) Market Key Performance Indicators |
14 Global eGRC (Enterprise Governance, Risk and Compliance) Market - Export/Import By Countries Assessment |
15 Global eGRC (Enterprise Governance, Risk and Compliance) Market - Opportunity Assessment |
15.1 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By Component, 2021 & 2031F |
15.3 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By Services, 2021 & 2031F |
15.4 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By Deployment, 2021 & 2031F |
15.5 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By Size, 2021 & 2031F |
15.6 Global eGRC (Enterprise Governance, Risk and Compliance) Market Opportunity Assessment, By End users, 2021 & 2031F |
16 Global eGRC (Enterprise Governance, Risk and Compliance) Market - Competitive Landscape |
16.1 Global eGRC (Enterprise Governance, Risk and Compliance) Market Revenue Share, By Companies, 2024 |
16.2 Global eGRC (Enterprise Governance, Risk and Compliance) Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |