Product Code: ETC4404070 | Publication Date: Jul 2023 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The United Kingdom eGRC (Enterprise Governance, Risk, and Compliance) market is experiencing steady growth driven by increasing regulatory requirements, cybersecurity threats, and the need for organizations to effectively manage risks. Key players in the UK eGRC market include software providers offering integrated solutions for risk management, compliance, and governance functions. The adoption of eGRC solutions is being driven by the need for streamlined processes, improved decision-making, and enhanced transparency within organizations. With the evolving regulatory landscape and the growing importance of data privacy and security, the demand for eGRC solutions in the UK is expected to continue to rise, presenting opportunities for vendors to innovate and expand their offerings to cater to the diverse needs of businesses across various industries.
The eGRC (Enterprise Governance, Risk, and Compliance) market in the United Kingdom is experiencing significant growth driven by increasing regulatory requirements, cybersecurity threats, and the need for organizations to streamline their governance processes. Key trends include a shift towards integrated eGRC platforms that offer comprehensive solutions for managing risk and compliance across multiple areas, such as data privacy and environmental regulations. Cloud-based eGRC solutions are also gaining traction due to their scalability and flexibility, allowing organizations to adapt to changing regulatory landscapes. Additionally, there is a growing focus on leveraging advanced technologies like artificial intelligence and machine learning to enhance risk assessment and compliance monitoring capabilities. Overall, the UK eGRC market is evolving to meet the complex and dynamic regulatory challenges faced by organizations in various industries.
In the UK eGRC (Enterprise Governance, Risk, and Compliance) market, challenges include increasing regulatory requirements, data privacy concerns, and the need for advanced technology solutions. Companies are constantly adapting to new regulations such as GDPR and Brexit-related changes, requiring robust eGRC systems to ensure compliance. Data breaches and cyber threats also pose significant risks, necessitating strong risk management measures within organizations. Furthermore, the complexity of eGRC solutions and the integration of various systems can be challenging for businesses to navigate effectively. As a result, companies in the UK eGRC market are seeking comprehensive, user-friendly eGRC platforms that can streamline their governance, risk, and compliance processes while providing real-time insights and analytics to support decision-making.
The UK eGRC (Enterprise Governance, Risk, and Compliance) market offers promising investment opportunities due to the increasing adoption of digital technologies and regulatory requirements across industries. With the evolving regulatory landscape and the need for organizations to effectively manage risks and compliance activities, there is a growing demand for eGRC solutions. Investors can explore opportunities in software providers offering comprehensive eGRC platforms, consulting firms specializing in eGRC implementation and advisory services, as well as cybersecurity companies focusing on regulatory compliance solutions. The market is poised for growth as companies seek to streamline their governance processes, mitigate risks, and ensure compliance with data protection and privacy regulations such as GDPR. Investing in the UK eGRC market can provide long-term potential for returns as organizations prioritize effective governance and risk management practices.
The UK government has implemented various policies related to the eGRC (Enterprise Governance, Risk, and Compliance) market to promote transparency and accountability in businesses. Key policies include the Companies Act, which outlines requirements for corporate governance and reporting, the Modern Slavery Act, which requires companies to disclose efforts to combat modern slavery in their supply chains, and the General Data Protection Regulation (GDPR), which mandates data protection and privacy measures. Additionally, the UK government has initiatives to enhance cybersecurity practices and combat financial crimes through regulations such as the Money Laundering Regulations and the Financial Services Act. These policies aim to foster a culture of compliance and risk management within organizations operating in the eGRC sector in the UK.
The United Kingdom`s eGRC (Enterprise Governance, Risk, and Compliance) market is poised for steady growth in the coming years. Factors such as increasing regulatory requirements, the need for improved risk management processes, and the growing adoption of technology solutions to streamline governance and compliance activities are driving the demand for eGRC solutions in the UK. Additionally, the shift towards remote work and digital transformation initiatives across industries are further fueling the demand for eGRC tools to ensure data security and compliance. With a focus on enhancing operational efficiency and mitigating risks, organizations in the UK are likely to invest more in eGRC solutions, leading to a positive outlook for the market in the foreseeable future.
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 United Kingdom (UK) eGRC Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) eGRC Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) eGRC Market - Industry Life Cycle |
3.4 United Kingdom (UK) eGRC Market - Porter's Five Forces |
3.5 United Kingdom (UK) eGRC Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 United Kingdom (UK) eGRC Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.7 United Kingdom (UK) eGRC Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.8 United Kingdom (UK) eGRC Market Revenues & Volume Share, By Organization size, 2021 & 2031F |
4 United Kingdom (UK) eGRC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom (UK) eGRC Market Trends |
6 United Kingdom (UK) eGRC Market, By Types |
6.1 United Kingdom (UK) eGRC Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) eGRC Market Revenues & Volume, By Component , 2021 - 2031F |
6.1.3 United Kingdom (UK) eGRC Market Revenues & Volume, By Software, 2021 - 2031F |
6.1.4 United Kingdom (UK) eGRC Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 United Kingdom (UK) eGRC Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) eGRC Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.2.3 United Kingdom (UK) eGRC Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.4 United Kingdom (UK) eGRC Market Revenues & Volume, By Government, 2021 - 2031F |
6.2.5 United Kingdom (UK) eGRC Market Revenues & Volume, By Energy & Utilities, 2021 - 2031F |
6.2.6 United Kingdom (UK) eGRC Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.2.7 United Kingdom (UK) eGRC Market Revenues & Volume, By Retail & Consumer Goods, 2021 - 2031F |
6.2.8 United Kingdom (UK) eGRC Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.9 United Kingdom (UK) eGRC Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 United Kingdom (UK) eGRC Market, By Deployment Model |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) eGRC Market Revenues & Volume, By Cloud-based, 2021 - 2031F |
6.3.3 United Kingdom (UK) eGRC Market Revenues & Volume, By On-premise, 2021 - 2031F |
6.4 United Kingdom (UK) eGRC Market, By Organization size |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) eGRC Market Revenues & Volume, By Large Enterprise, 2021 - 2031F |
6.4.3 United Kingdom (UK) eGRC Market Revenues & Volume, By Small & Medium Enterprise, 2021 - 2031F |
7 United Kingdom (UK) eGRC Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) eGRC Market Export to Major Countries |
7.2 United Kingdom (UK) eGRC Market Imports from Major Countries |
8 United Kingdom (UK) eGRC Market Key Performance Indicators |
9 United Kingdom (UK) eGRC Market - Opportunity Assessment |
9.1 United Kingdom (UK) eGRC Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 United Kingdom (UK) eGRC Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.3 United Kingdom (UK) eGRC Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
9.4 United Kingdom (UK) eGRC Market Opportunity Assessment, By Organization size, 2021 & 2031F |
10 United Kingdom (UK) eGRC Market - Competitive Landscape |
10.1 United Kingdom (UK) eGRC Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) eGRC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |