Asia Pacific eGRC Market

The Asia Pacific enterprise, governance, risk, and compliance (eGRC) market is projected to grow from USD 3.94 billion in 2025 to USD 7.87 billion by 2030, at a CAGR of 14.9% during the forecast period. Enterprises in the Asia Pacific region are rapidly adopting eGRC solutions due to the increasing frequency of cyberattacks, data breaches, and growing business interruption risks. As cyber threats intensify, organizations across the region are prioritizing stronger governance, compliance, and risk management, driving sustained growth in the Asia Pacific eGRC market. Intense regulatory pressure, especially in BFSI, where bodies like the China Banking and Insurance Regulatory Commission enforce strict compliance, is further accelerating the adoption of eGRC solutions and services in the region.

Competitive Overview

The Asia Pacific eGRC market is led by some of the established players, such as Mphasis (India), Readinow (Australia), Dynamic GRC (Singapore), ProGrec (India), 6clicks (Australia), Protecht Group (Australia), SafetyCulture (Australia), Ascent Business Technology (Singapore), Panacea Infosec (India), Sentrient (Australia), MetricStream (Singapore), SAI360 (Australia), Wolters Kluwer (Singapore), and Diligent (Australia).

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Recent Developments:

• In February 2024, ReadiNow launched ReadiNow Nova, an enhancement to its digital transformation platform. Nova represents a revolution in user interface and user experience (UI/UX) design, meticulously crafted to meet the dynamic needs of modern businesses.
• In February 2024, 6clicks launched a dedicated AI-powered GRC platform for Indian enterprises to enhance data sovereignty and cyber-compliance across South Asia. The platform offers public, private, and dedicated hosting for enterprises, government bodies, and critical infrastructure organizations. It helps clients comply with Indian regulations, such as the DPDP Act, as well as global cybersecurity standards. Using a “Hub & Spoke” architecture and AI-powered modules, it automates risk assessments, audits, and compliance tasks, providing central oversight with local autonomy.

Mphasis (India) is a leading IT services and consulting firm with a strong presence in the Asia Pacific region. It provides comprehensive eGRC services, including risk management, regulatory compliance consulting, cybersecurity strategy, internal audit support, and third-party/vendor compliance assessments. Leveraging its expertise in cloud, AI, and enterprise IT modernization, Mphasis helps large enterprises, particularly those in the financial services sector, efficiently manage operational, market, and compliance risks.

ProGrec (India) is a specialized eGRC platform offering integrated governance, risk, compliance, audit, and vendor management capabilities. Its software provides real-time dashboards, workflow automation, and role-based access, catering to organizations seeking scalable, cloud-ready, and software-driven compliance solutions. In the rapidly growing Asia Pacific eGRC market, ProGReC addresses the rising demand for streamlined and automated compliance management.

Market Ranking:

The Asia Pacific eGRC market is experiencing rapid growth, driven by increasing regulatory complexity, digital transformation, and rising cybersecurity concerns. The market is highly competitive and fragmented, with global GRC software providers competing alongside regional and niche players offering cloud-ready, automated, and scalable solutions. Key adopters include financial services, healthcare, manufacturing, energy, and IT sectors, where compliance, operational, and third-party risk management are critical. The software segment, particularly integrated and automated platforms, is highly adopted, reflecting a shift away from manual or legacy processes. Overall, the market offers significant growth opportunities amid dynamic competition and evolving regulatory requirements.

Related Reports:

Asia Pacific eGRC Market by Solution (Risk Management, Compliance Management, Audit Management, Policy Management, Privacy Management), Service (Professional, Managed), Business Function (Legal, Finance, Operations), Vertical, & Country - Forecast to 2030

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