eGRC Market

eGRC Market by Component (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2024

Report Code: TC 2195 Jun, 2019, by marketsandmarkets.com

[153 pages Report] The global Enterprise Governance, Risk, and Compliance (eGRC) market size is expected to grow from USD 31.5 billion in 2019 to USD 51.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. The major factors fuelling the eGRC market growth include the growing need to meet stringent compliance mandates and get a holistic view of the growing need to get a holistic view of policy, compliance, risk-related data, and increasing data and security breaches. Moreover, the growing integration of Artificial Intelligence (AI) and blockchain technologies with Governance Risk Compliance (GRC) solutions would provide opportunities for eGRC vendors .

eGRC Market

Among software, risk management segment to grow at the highest CAGR during the forecast period

With the increasing business complexities, risk management software solutions are becoming crucial for the proper functioning of various business, as these solutions enable organizations to understand their risk exposure and manage it in a cost-effective manner. The increasing cyber-attacks and growing need to analyze organizational silos are creating the demand for risk management software solutions.

Banking, Financial Services, and Insurance vertical to hold the largest market size during the forecast period.

On the basis of verticals, the eGRC market has been segmented into BFSI, construction and engineering, energy and utility, government, healthcare, manufacturing, mining and natural resources, retail and consumer goods, telecom and Information technology (IT), and transportation and logistics. BFSI is the largest revenue contributor to the global eGRC market. The BFSI industry faces the increasing pressure to enhance its overall performance and deliver seamless experience to its customers. Hence, the BFSI vertical is looking for a framework that can help organizations meet various regulatory and compliance related requirements.

eGRC Market

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global eGRC market. This region houses major vendors which adopt various organic and inorganic strategies to maintain their competitive position in the market. While the growth rate of the APAC region is projected to be the highest during the forecast period, its growth is attributed to the various eGRC vendors that are expanding their reach in the region to cater to the changing customer requirements.

Key eGRC Market players

Major vendors in the global market are IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands),  Dell EMC  (US), FIS (US), MetricStream (US), Software AG (Germany), SAI Global (US), ProcessGene (Israel), LogicManager (US), NAVEX Global (US), Ideagen (UK), Alyne (Germany), and  MEGA International (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to further expand their presence in the global eGRC market.

MetricStream (US) was founded in 1999 and is headquartered in California, US. The company is one of the prominent providers of enterprise and cloud applications for corporate compliance management, cybersecurity management, digital risk management, and risk management. Along with cloud-based solutions, it offers services such as implementation, training and certification, and customer support. It provides several eGRC apps for driving performance. MetricStream offers GRC Platform in the global eGRC market. It is a cloud-based GRC platform that can be used to deploy several GRC apps for risk management, audit management, and regulatory and corporate compliance. The platform offers various features, including a central GRC data model, AppStudio, Infolets, role-based security and access controls, configurable reports and dashboards, and risk analytics. These eGRC Software Solutions vendors are rated and listed by us on basis of product quality, reliability and their business strategy. Please visit 360Quadrants to see the vendor listing of eGRC Software Solutions.

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Components, Services, Deployment Modes, Enterprise Sizes, Business Functions, Verticals, and Regions

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), Thomson Reuters (Canada), Wolters Kluwer (Netherlands), Dell EMC (US), FIS(US), MetricStream (US), Software AG (Germany), SAI Global (US), ProcessGene (Israel), LogicManager (US), NAVEX Global (US), Ideagen (UK), Alyne (Germany), and  MEGA International (France).

This research report categorizes the eGRC market based on components, deployment modes, enterprise size, business functions, verticals, and regions.

Based on Components, the eGRC market is divided into the following segments:

  • Software
    • Usage
      • Internal
      • External
    • Type
      • Policy Management
      • Compliance Management
      • Audit Management
      • Incident Management
      • Risk Management
      • Others (business continuity management, financial controls management, and issue management)
  • Services
    • Training and Consulting
    • Integration
    • Support

Based on Deployment Modes, the eGRC market is divided into the following segments:

  • Cloud
  • On-premises

Based on Enterprise Size, the eGRC market is divided into the following segments:

  • Small and Medium-sized Businesses (SMBs)
  • Enterprises

Based on Business Functions, the eGRC market is divided into the following segments:

  • Finance
  • IT
  • Legal
  • Operation

Based on Verticals, the eGRC market is divided into the following segments:

  • BFSI
  • Construction and Engineering
  • Energy and Utility
  • Government
  • Healthcare
  • Manufacturing
  • Mining and Natural Resources
  • Retail and Consumer Goods
  • Telecom and IT
  • Transportation and Logistics
  • Others*Others include Academia, Media and Entertainment, Oil and Gas, and Tourism and Hospitality)

Based on Regions, the eGRC market is divided into the following regions:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

Critical Questions Addressed by the Report

  • What are the current trends that are driving the eGRC market?
  • Where will all these developments take the industry in the mid- to long-term?
  • Who are the top vendors in the eGRC market and what is their competitive analysis?
  • How is adoption of eGRC solutions among different industries?
  • How is the adoption of eGRC solutions among different regions?

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the eGRC Market
    4.2 Market Top 3 Verticals
    4.3 Market Top 3 Business Functions and Regions
    4.4 Market By Vertical

5 eGRC Market Overview and Industry Trends (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Stringent Compliance Mandates
                    5.2.1.2 Growing Need to Get A Holistic View of Data
                    5.2.1.3 Growing Data and Security Breaches
           5.2.2 Restraints
                    5.2.2.1 Varying Structure of Regulatory Policies
           5.2.3 Opportunities
                    5.2.3.1 Integration of AI and Blockchain Technology Into GRC Solutions
                    5.2.3.2 The Growing Number of Acquisitions and Partnerships
           5.2.4 Challenges
                    5.2.4.1 Providing A Comprehensive eGRC Solution
    5.3 Use Cases
           5.3.1 Introduction
                    5.3.1.1 Use Case: Scenario 1
                    5.3.1.2 Use Case: Scenario 2
                    5.3.1.3 Use Case: Scenario 3
                    5.3.1.4 Use Case: Scenario 4
                    5.3.1.5 Use Case: Scenario 5
    5.4 Some of the Acquisitions From 2015 - 2019
    5.5 Regulatory Implications
           5.5.1 Introduction
    5.6 Non-Financial Acts and Regulation

6 eGRC Market By Component (Page No. - 50)
    6.1 Introduction
    6.2 Software
           6.2.1 Software Usage
                    6.2.1.1 Internal
                               6.2.1.1.1 eGRC Solutions to Become Critical for Enhancing the Effectiveness of Internal Control Programs of Organizations
                    6.2.1.2 External
                               6.2.1.2.1 GRC Solutions to Assist Organizations Identify Different Types of Risks
           6.2.2 Software Type
                    6.2.2.1 Policy Management
                               6.2.2.1.1 Increasing Need to Effectively Map Policies With the External Regulations to Create the Demand for Policy Management Solutions
                    6.2.2.2 Compliance Management
                               6.2.2.2.1 Growing Organizations Focus Toward Achieving Transparency in Regulatory Matters to Increase the Demand for eGRC Solutions
                    6.2.2.3 Audit Management
                               6.2.2.3.1 Increasing Complexity of Business Operations to Foster the Adoption of eGRC Solutions
                    6.2.2.4 Incident Management
                               6.2.2.4.1 Incident Manage Solutions to Become Critical to Automate the Incident Management Process
                    6.2.2.5 Risk Management
                               6.2.2.5.1 Growing Organizations Focus Toward Effective Management of Risks to Boost the Adoption of Risk Management Software
                    6.2.2.6 Others
    6.3 Services
           6.3.1 Training and Consulting
                    6.3.1.1 Consulting and Training Services to Become Critical for Helping Organizations Improve Their GRC Program
           6.3.2 Integration
                    6.3.2.1 Integration Services to Gain Traction for Successful Implement of eGRC Solutions
           6.3.3 Support
                    6.3.3.1 Increasing Adoption of eGRC Solutions to Create the Demand for Support Services

7 eGRC Market By Deployment Mode (Page No. - 59)
    7.1 Introduction
    7.2 Cloud
           7.2.1 Increase in the Need to Reduce Cost Associated With Management of Solutions to Boost the Adoption of Cloud-Based eGRC Solutions
    7.3 On-Premises
           7.3.1 Organizations Concerned About Security and Privacy to Prefer On-Premises Solutions

8 eGRC Market By Organization Size (Page No. - 62)

    8.1 Introduction
    8.2 Large Enterprises
           8.2.1 Large Enterprises to Adopt eGRC Solutions to Quickly Acclimatize With the Changing Regulatory Economical Environment
    8.3 Small and Medium-Sized Businesses
           8.3.1 SMBS to Adopt eGRC Solutions to Streamline the GRC Process

9 eGRC Market By Business Function (Page No. - 65)
    9.1 Introduction
    9.2 Finance
           9.2.1 eGRC Solutions to Play A Crucial Role in Assisting Business Leaders in Strategic Planning, Budgeting, and Forecasting Processes
    9.3 Information Technology
           9.3.1 IT GRC Solutions to Enable Organizations Align IT Programs With the Strategic Objectives of Organizations
    9.4 Legal
           9.4.1 Legal Business Function to Adopt eGRC Solutions to Streamline the Process of Compliance Management
    9.5 Operations
           9.5.1 Traditional Methods to Become Inadequate to Support the GRC Program of Organizations

10 eGRC Market By Vertical (Page No. - 69)
     10.1 Introduction
     10.2 BFSI
             10.2.1 Need to Keep Up With Changing Regulatory Environment to Boost the Adoption of eGRC Solutions in the BFSI Sector
     10.3 Construction and Engineering
             10.3.1 Construction and Engineering Companies to Adopt eGRC Solutions to Overcome Challenges Related to Project Risk and Employee Safety
     10.4 Energy and Utilities
             10.4.1 Energy and Utilities to Integrate eGRC Solution to Set Up Different Policies
     10.5 Government
             10.5.1 Government Sector to Deploy eGRC to Comply With Federal Directives and Operational Mandates
     10.6 Healthcare
             10.6.1 Healthcare Industry to Deploy eGRC Solution to Enhance Performance of Services Delivered
     10.7 Manufacturing
             10.7.1 Manufacturing Industry to Deploy eGRC Solution for Effective Risk Management
     10.8 Mining and Natural Resources
             10.8.1 Minning and Natural Resources to Adopt eGRC Solution to Strengthen Business Operations
     10.9 Retail and Consumer Goods
             10.9.1 Retail and Consumer Goods to Integrate eGRC Solutions to Reduce Operational Cost and Enhance Profit Margins
     10.10 Telecom and IT
             10.10.1 Telecom and IT to Deploy eGRC Solutions to Effectively Manage Compliance and Risk Programs
     10.11 Transportation and Logistics
             10.11.1 eGRC to Become Crucial for Effective Supply Chain Management
     10.12 Others

11 eGRC Market By Region (Page No. - 75)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                        11.2.1.1 Growing Organizations Focusing on Providing Innovative eGRC Solutions to Drive the Market Across the Region
             11.2.2 Canada
                        11.2.2.1 Increasing Investments in eGRC Solution Providers to Drive the Growth of the Market
     11.3 Europe
             11.3.1 United Kingdom
                        11.3.1.1 Growing Complexity of Regulations to Fuel the Adoption of eGRC Solutions in the UK
             11.3.2 Germany
                        11.3.2.1 Increasing Need to Streamline Business Processes to Drive the Growth of eGRC Solutions in Germany
             11.3.3 France
                        11.3.3.1 Increasing Cyberattacks Provide Opportunity to Deploy eGRC Solutions
             11.3.4 Rest of the Europe
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 BFSI to Lead the Adoption of eGRC Solutions in China
             11.4.2 Japan
                        11.4.2.1 Vendors Increasing Focus on Expanding Their Presence Across the Region to Boost the Adoption of eGRC Solutions
             11.4.3 India
                        11.4.3.1 Increasing Digitalization Initiatives to Provide Opportunities to Deploy eGRC Solutions
             11.4.4 Rest of the Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East
                        11.5.1.1 Regulatory Compliance Backed By the Presence of eGRC Vendors to Boost the Adoption of eGRC Solutions
             11.5.2 Africa
                        11.5.2.1 Growing Digitalization to Offer Opportunities to Deploy eGRC Solutions
     11.6 Latin America
             11.6.1 Brazil
                        11.6.1.1 Growing Focus of Financial Institutions on the Integration of eGRC Solutions to Drive the Market in Brazil
             11.6.2 Mexico
                        11.6.2.1 Need to Assess Different Types of Risks to Increase the Adoption of eGRC Solutions in Mexico
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 108)
     12.1 Overview
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Strength of Product Portfolio
     12.4 Business Strategy Excellence

13 Company Profiles (Page No. - 112)
     13.1 IBM
(Business Overview, Products, Platforms & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.2 Microsoft
     13.3 Oracle
     13.4 SAP
     13.5 SAS Institute
     13.6 Thomson Reuters
     13.7 Wolters Kluwer
     13.8 Dell EMC
     13.9 FIS
     13.10 Metricstream
     13.11 Software AG
     13.12 SAI Global
     13.13 Processgene
     13.14 Logicmanager
     13.15 Ideagen
     13.16 NAVEX Global
     13.17 MEGA International
     13.18 Alyne

*Details on Business Overview, Products, Platforms& Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 145)
     14.1 Industry Excerpts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (58 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Global Market Size and Growth Rate, 2017–2024 (USD Million and Y-O-Y %)
Table 4 eGRC Market Size, By Component, 2017–2024 (USD Million)
Table 5 Software: Market Size By Software Usage, 2017–2024 (USD Million)
Table 6 Software: Market Size By Software Type, 2017–2024 (USD Million)
Table 7 Market Size By Service, 2017–2024 (USD Million)
Table 8 Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 9 Market Size By Organization Size, 2019–2024 (USD Million)
Table 10 Market Size By Business Function, 2017–2024 (USD Million)
Table 11 Market Size By Vertical, 2017–2024 (USD Million)
Table 12 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Table 13 eGRC Market Size, By Region, 2017–2024 (USD Million)
Table 14 North America: Market Size By Component, 2017–2024 (USD Million)
Table 15 North America: Market Size By Software Type, 2017–2024 (USD Million)
Table 16 North America: Market Size By Software Usage, 2017–2024 (USD Million)
Table 17 North America: Market Size By Service, 2017–2024 (USD Million)
Table 18 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 19 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 20 North America: Market Size By Business Function, 2017–2024 (USD Million)
Table 21 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 22 North America: Market Size By Country, 2017–2024 (USD Million)
Table 23 Europe: eGRC Market Size By Component, 2017–2024 (USD Million)
Table 24 Europe: Market Size By Software Type , 2017–2024 (USD Million)
Table 25 Europe: Market Size By Software Usage, 2017–2024 (USD Million)
Table 26 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 27 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 28 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 29 Europe: Market Size By Business Function, 2017–2024 (USD Million)
Table 30 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 31 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 32 Asia Pacific: eGRC Market Size, By Component, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market Size By Software Type, 2017–2024 (USD Million)
Table 34 Asia Pacific: Market Size By Software Usage, 2017–2024 (USD Million)
Table 35 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 36 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 37 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 38 Asia Pacific: Market Size By Business Function, 2017–2024 (USD Million)
Table 39 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 40 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 41 Middle East and Africa: eGRC Market Size, By Component, 2017–2024 (USD Million)
Table 42 Middle East and Africa: Market Size By Software Type, 2017–2024 (USD Million)
Table 43 Middle East and Africa: Market Size By Software Usage, 2017–2024 (USD Million)
Table 44 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 45 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 46 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 47 Middle East and Africa: Market Size By Business Function, 2017–2024 (USD Million)
Table 48 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 49 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 50 Latin America: eGRC Market Size, By Component, 2017–2024 (USD Million)
Table 51 Latin America: Market Size By Software Type, 2017–2024 (USD Million)
Table 52 Latin America: Market Size By Software Usage, 2017–2024 (USD Million)
Table 53 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 54 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 55 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 56 Latin America: Market Size By Business Function, 2017–2024 (USD Million)
Table 57 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 58 Latin America: Market Size By Country, 2017–2024 (USD Million)


List of Figures (49 Figures)

Figure 1 Global eGRC Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Market Snapshot By Component
Figure 4 Market Snapshot By Software Usage
Figure 5 Market Snapshot By Software Type
Figure 6 Market Snapshot By Service
Figure 7 Market Snapshot By Organization Size
Figure 8 Market Snapshot By Deployment Mode
Figure 9 Market Snapshot By Business Function
Figure 10 Market Snapshot By Vertical
Figure 11 Market Snapshot, By Region
Figure 12 Increasing Need to Meet Stringent Compliance Mandates Driving the eGRC Market
Figure 13 Banking, Financial Services, and Insurance to have the Highest Share During the Forecast Period
Figure 14 Finance Business Function and the North American Region to Account for the Highest Market Shares in the eGRC Market in 2019
Figure 15 Banking, Financial Services, and Insurance Vertical to Register the Highest Market Share in 2019
Figure 16 Market Investment Scenario: Asia Pacific to Be the Best Region for Investments During the Forecast Period
Figure 17 eGRC Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 19 Internal Segment to Grow at A Higher CAGR During the Forecast Period
Figure 20 Risk Management Segment to Grow at the Highest CAGR During the Forecast Period
Figure 21 Integration Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Cloud Segment to Register A Higher CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Businesses Segment to Register A Higher CAGR During the Forecast Period
Figure 24 Finance Segment to Register the Highest CAGR During the Forecast Period
Figure 25 Manufacturing Vertical to Register the Highest CAGR During the Forecast Period
Figure 26 North America to Hold the Largest Market Size During the Forecast Period
Figure 27 India to Register the Highest CAGR During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Finance Business Function to Grow at the Highest CAGR During the Forecast Period
Figure 30 Finance Business Function to Grow at the Highest CAGR During the Forecast Period
Figure 31 Asia Pacific: eGRC Market Snapshot
Figure 32 Finance Business Function to Grow at the Highest CAGR During the Forecast Period
Figure 33 Finance Business Function to Grow at the Highest CAGR During the Forecast Period
Figure 34 Finance Business Function to Grow at the Highest CAGR During Forecast Period
Figure 35 eGRC (Global), Competitive Leadership Mapping, 2018
Figure 36 IBM: Company Snapshot
Figure 37 IBM: SWOT Analysis
Figure 38 Microsoft: Company Snapshot
Figure 39 Microsoft: SWOT Analysis
Figure 40 Oracle: Company Snapshot
Figure 41 Oracle: SWOT Analysis
Figure 42 SAP: Company Snapshot
Figure 43 SAP: SWOT Analysis
Figure 44 SAS: Company Snapshot
Figure 45 SAS: SWOT Analysis
Figure 46 Thomson Reuters: Company Snapshot
Figure 47 Wolters Kluwer: Company Snapshot
Figure 48 FIS: Company Snapshot
Figure 49 Metricstream: Company Snapshot

The study consists of 4 major activities to estimate the current market size of the eGRC market. An extensive secondary research was done to collect information about the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the eGRC market.

Primary Research

Various primary sources from both the supply and demand sides of the eGRC market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors offering eGRC solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek, have been referred to for identifying and collecting information for this study. Secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; Research and Development (R&D) organizations; regulatory bodies; and databases.

The following is the breakup of the primaries:

eGRC Market

To know about the assumptions considered for the study, download the pdf brochure

eGRC Market size Estimation

For making market estimates and forecasting the eGRC market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up approach was used to arrive at the overall market size of the global eGRC market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down approach to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the size of the eGRC market by component (software and services), deployment mode, by enterprise size, by business function, by vertical and region.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the eGRC market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the eGRC market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the eGRC  market
  • To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the eGRC market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American eGRC market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players up to 5

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CAGR 2018-23

Competitive Landscape

 
 
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Report Code
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Published ON
Jun, 2019
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