| Product Code: ETC13392769 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | 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 17.6 Billion in 2024 and is expected to reach USD 40.2 Billion by 2031, growing at a compound annual growth rate of 14.10% during the forecast period (2025-2031).
The Global eGRC (Enterprise Governance, Risk, and Compliance) market is experiencing steady growth due to increasing regulatory requirements and the need for organizations to effectively manage risks and ensure compliance with laws and regulations. The market is driven by the adoption of eGRC solutions by various industries such as banking, financial services, healthcare, and IT. These solutions help companies streamline their governance processes, identify and mitigate risks, and ensure compliance with industry standards. Key players in the market are investing in advanced technologies like artificial intelligence and machine learning to enhance eGRC functionalities. The market is expected to continue expanding as businesses recognize the importance of robust governance, risk management, and compliance practices in today`s complex business environment.
The Global eGRC (Enterprise Governance, Risk, and Compliance) market is experiencing significant growth driven by the increasing need for organizations to effectively manage risks and comply with regulations. Key trends include the shift towards cloud-based eGRC solutions, integration of artificial intelligence and machine learning for advanced analytics, and the focus on user-friendly interfaces for improved usability. Opportunities lie in the adoption of eGRC solutions by small and medium-sized enterprises, the expansion of eGRC functionalities to address emerging risks such as cybersecurity, and the incorporation of predictive analytics for proactive risk management. Overall, the eGRC market is poised for continued growth as organizations seek comprehensive solutions to navigate the complex regulatory landscape and enhance their governance practices.
The Global eGRC (enterprise governance, risk, and compliance) market faces several challenges, including the complexity of integrating eGRC solutions into existing systems and processes, ensuring data security and privacy, keeping up with evolving regulatory requirements across different regions, and the high cost associated with implementing and maintaining eGRC platforms. Additionally, organizations often struggle with the lack of skilled professionals who can effectively leverage eGRC tools and analyze the vast amount of data generated by these systems. As the business landscape becomes increasingly digital and interconnected, the demand for robust eGRC solutions continues to grow, but companies must navigate these challenges to successfully implement and derive value from their eGRC investments.
The Global eGRC (Enterprise Governance, Risk, and Compliance) Market is being primarily driven by the increasing regulatory requirements across industries, demanding effective risk management and compliance solutions. Organizations are adopting eGRC platforms to streamline their governance processes, manage risks more efficiently, and ensure compliance with complex regulations. Additionally, the rising instances of cyber threats and data breaches have propelled the demand for eGRC solutions that offer robust security measures. The need for integrated solutions that provide a holistic view of governance, risk, and compliance aspects is also fueling the growth of the eGRC market. Furthermore, the digital transformation initiatives undertaken by businesses to enhance operational efficiency and transparency are driving the adoption of eGRC technologies for better decision-making and strategic planning.
Government policies related to the Global eGRC (Enterprise Governance, Risk, and Compliance) Market vary across countries but generally focus on data protection, cybersecurity, and regulatory compliance. For example, in the European Union, the General Data Protection Regulation (GDPR) sets strict guidelines on how organizations handle personal data, impacting eGRC solutions that manage compliance with these regulations. In the United States, regulations like the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA) mandate specific controls and reporting requirements that influence the adoption of eGRC tools. Additionally, governments worldwide are increasingly emphasizing cybersecurity measures to protect critical infrastructure and sensitive information, driving the demand for eGRC solutions that address these security risks and compliance challenges. Overall, government policies play a crucial role in shaping the eGRC market landscape and driving innovation in compliance and risk management technologies.
The Global eGRC (Enterprise Governance, Risk, and Compliance) market is poised for significant growth in the coming years due to the increasing focus on regulatory compliance, risk management, and governance practices across industries. Factors such as the rising number of cyber threats, stringent regulations, and the need for organizations to streamline their processes and improve decision-making are driving the adoption of eGRC solutions. With the growing complexity of business operations and the shift towards digital transformation, eGRC platforms that offer integrated solutions for managing governance, risk, and compliance functions are expected to experience high demand. As organizations strive to enhance their operational efficiency, transparency, and accountability, the eGRC market is forecasted to expand, offering opportunities for vendors to innovate and cater to the evolving needs of businesses worldwide.
In the Global eGRC (Enterprise Governance, Risk, and Compliance) market, Asia Pacific is expected to witness significant growth due to the increasing adoption of eGRC solutions by organizations in countries like China, India, and Japan to manage regulatory compliance and operational risks efficiently. North America is a mature market for eGRC solutions, driven by stringent regulatory requirements and high awareness among organizations regarding the benefits of integrated risk management. In Europe, the eGRC market is growing steadily as companies in the region focus on enhancing corporate governance practices and ensuring compliance with data protection regulations such as GDPR. The Middle East and Africa region is also showing a growing interest in eGRC solutions to mitigate risks and improve overall business performance. Latin America is witnessing moderate growth in the eGRC market, driven by the need for organizations to address compliance challenges and protect against cybersecurity threats.
Global eGRC 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 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global eGRC Market Revenues & Volume, 2021 & 2031F |
3.3 Global eGRC Market - Industry Life Cycle |
3.4 Global eGRC Market - Porter's Five Forces |
3.5 Global eGRC Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global eGRC Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 Global eGRC Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.8 Global eGRC Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.9 Global eGRC Market Revenues & Volume Share, By Organization size, 2021 & 2031F |
4 Global eGRC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global eGRC Market Trends |
6 Global eGRC Market, 2021 - 2031 |
6.1 Global eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global eGRC Market, Revenues & Volume, By Software, 2021 - 2031 |
6.1.3 Global eGRC Market, Revenues & Volume, By Services, 2021 - 2031 |
6.2 Global eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global eGRC Market, Revenues & Volume, By BFSI, 2021 - 2031 |
6.2.3 Global eGRC Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.4 Global eGRC Market, Revenues & Volume, By Government, 2021 - 2031 |
6.2.5 Global eGRC Market, Revenues & Volume, By Energy & Utilities, 2021 - 2031 |
6.2.6 Global eGRC Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.2.7 Global eGRC Market, Revenues & Volume, By Retail & Consumer Goods, 2021 - 2031 |
6.2.8 Global eGRC Market, Revenues & Volume, By Telecom & IT, 2021 - 2031 |
6.2.9 Global eGRC Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global eGRC Market, Revenues & Volume, By Cloud-based, 2021 - 2031 |
6.3.3 Global eGRC Market, Revenues & Volume, By On-premise, 2021 - 2031 |
6.4 Global eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global eGRC Market, Revenues & Volume, By Large Enterprise, 2021 - 2031 |
6.4.3 Global eGRC Market, Revenues & Volume, By Small & Medium Enterprise, 2021 - 2031 |
7 North America eGRC Market, Overview & Analysis |
7.1 North America eGRC Market Revenues & Volume, 2021 - 2031 |
7.2 North America eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) eGRC Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada eGRC Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America eGRC Market, Revenues & Volume, 2021 - 2031 |
7.3 North America eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
7.4 North America eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
7.5 North America eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
7.6 North America eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
8 Latin America (LATAM) eGRC Market, Overview & Analysis |
8.1 Latin America (LATAM) eGRC Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil eGRC Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico eGRC Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina eGRC Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM eGRC Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
8.4 Latin America (LATAM) eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
8.5 Latin America (LATAM) eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
8.6 Latin America (LATAM) eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
9 Asia eGRC Market, Overview & Analysis |
9.1 Asia eGRC Market Revenues & Volume, 2021 - 2031 |
9.2 Asia eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India eGRC Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China eGRC Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan eGRC Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia eGRC Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
9.4 Asia eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
9.5 Asia eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
9.6 Asia eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
10 Africa eGRC Market, Overview & Analysis |
10.1 Africa eGRC Market Revenues & Volume, 2021 - 2031 |
10.2 Africa eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa eGRC Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt eGRC Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria eGRC Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa eGRC Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
10.4 Africa eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
10.5 Africa eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
10.6 Africa eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
11 Europe eGRC Market, Overview & Analysis |
11.1 Europe eGRC Market Revenues & Volume, 2021 - 2031 |
11.2 Europe eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom eGRC Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany eGRC Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France eGRC Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe eGRC Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
11.4 Europe eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
11.5 Europe eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
11.6 Europe eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
12 Middle East eGRC Market, Overview & Analysis |
12.1 Middle East eGRC Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East eGRC Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia eGRC Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE eGRC Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey eGRC Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East eGRC Market, Revenues & Volume, By Component , 2021 - 2031 |
12.4 Middle East eGRC Market, Revenues & Volume, By Vertical , 2021 - 2031 |
12.5 Middle East eGRC Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
12.6 Middle East eGRC Market, Revenues & Volume, By Organization size, 2021 - 2031 |
13 Global eGRC Market Key Performance Indicators |
14 Global eGRC Market - Export/Import By Countries Assessment |
15 Global eGRC Market - Opportunity Assessment |
15.1 Global eGRC Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global eGRC Market Opportunity Assessment, By Component , 2021 & 2031F |
15.3 Global eGRC Market Opportunity Assessment, By Vertical , 2021 & 2031F |
15.4 Global eGRC Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
15.5 Global eGRC Market Opportunity Assessment, By Organization size, 2021 & 2031F |
16 Global eGRC Market - Competitive Landscape |
16.1 Global eGRC Market Revenue Share, By Companies, 2024 |
16.2 Global eGRC Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |