eGRC Market

Advance technology of Enterprise Governance, Risk and Compliance in Industry

Enterprise GRC has become crucial for seamless running of businesses across globe. This is evident from the performance gains, improved compliance, reduced costs, and other benefits derived out of the GRC initiatives, and the technologies undertaken by companies worldwide.

Risk Management is a vital part of the core GRC functions and the progression from qualitative risk management to quantitative analysis is a challenge that most of the organizations face. Companies will need to shift risk processes towards more quantitative methods. It is expected that companies will take up more numerical models in order to improve their ability to address risk management issues more effectively.

The data generated from the GRC initiatives adopted by companies is valuable intrinsically and provide insight to the future. Companies often face complexity in constructing a proper repository to mine and analyze this data. However, enterprises are expected to start utilizing GRC data to facilitate performance improvement activities. It is expected that companies will enable the processes for the data mining, analytical and modeling capabilities required to facilitate process re-engineering, process improvement, and performance gains.

The e-GRC market is fast gaining traction which is evident from the acquisitions of BWise by NASDAQ OMX, Compliance 360 by SAI Global, OpenPages by IBM and TruArx by ANXeBusiness. Key players such as Microsoft, SAP and SAS offer e-GRC products and solutions for enterprises, and SMBs. There are many small players such as Halex Business Risk Services and others that provide e-GRC advisory services to businesses.

The trend of GRC emerging as a core business management need is expected to gain traction in the market. Governance processes, risk management programs, and compliance initiatives, supported by a GRC technology infrastructure, will become part of business management.

Related Reports:

Enterprise Governance, Risk and Compliance Market [by Solutions (Compliance Management, Audit Management, Risk Management, Policy Management, Incident Management, Financial Controls Management)] - Market Forecasts and Analysis (2013-2018)
www.marketsandmarkets.com/Market-Reports/enterprise-governance-risk-compliance-market-1310.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com

Report Code
TC 2195
Published ON
Jul, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the eGRC Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved