Enterprise Governance, Risk and Compliance Software Market to set a benchmark by Reaching USD 49,900 Million by 2024

08-Oct-2018 | Zion Market Research

The major market players in the enterprise governance, risk and compliance software market are SAP SE, Microsoft, Oracle Corporation, SAS Institute Inc., Fidelity National Information Services Inc., Bwise , Metricstream Inc., Wolters Kluwer, EMC Corporation (A Dell Company), Thomson Reuters, and IBM Corporation among others. These players are set to power the enterprise governance, risk and compliance software market in the years to come.

The Global enterprise governance, risk, and compliance software market was capitalized at almost USD 23,100 Million in the year 2016. The enterprise governance, risk and compliance software market is likely to reach almost USD 49,900 Million by 2024. The global enterprise governance, risk and compliance software market is likely to show a CAGR of over 10% from 2017 to 2024.

Browse the full "Enterprise Governance, Risk and Compliance Software Market by Component (Software (Audit management, Compliance Management, Risk management, Policy management, Incident management, and Others (Business continuity management, IT eGRC, financial control management, and issue management)), and Services (Consulting and training, Integration, and Support); Deployment Model (Cloud, and On-premises); Organization Size (Enterprises, Small and Midsize business (SMBs)) ; Business Function (Finance, IT, Operations, and Legal); Industry vertical (BFSI, Healthcare, Government, Construction and Engineering, Energy and utilities, Manufacturing, Mining and natural re Components, Retail and consumer goods, Telecom and IT, Transportation and logistics, and Others)-Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2024" report at https://www.zionmarketresearch.com/report/enterprise-governance-risk-compliance-software-market

Rising Acceptance Of IoT And Big Data In eGRC Solutions To Power Global Enterprise Governance, Risk, And Compliance Software Market

The major factor that will power the development of the enterprise governance, risk and compliance software market is the rising acceptance of IoT and big data in eGRC solutions. The awareness among the businesses about the employment of safety solutions in their daily business operations to secure and protect the data & information from cyber-attacks and unauthorized access is rising, powering the enterprise governance, risk and compliance software market. Furthermore, due increasing requirement for regulatory & economic climate different financial services firms are transforming processes to improve the performance. This will foster the development of the enterprise governance, risk and compliance software market. In addition to this various innovations by major players is also set to boost the enterprise governance, risk and compliance software market. For example, in January 2018, SAS launched AI solutions by using deep learning, machine learning, forecasting, text analytics, and statistics for risk management, powering the enterprise governance, risk and compliance software market.

Researchers at Zion Market Research came up with the verdict that, rising number of risk factors in opposition to business data are likely to elevate the acceptance of security and compliance solutions all over verticals. This is likely to pace the demand for the enterprise governance, risk and compliance software market in the years to come.

Global Enterprise Governance, Risk Compliance Software Market

Services and software are the two kinds of components of enterprise governance, risk, and compliance market. The software sector added up for major share in 2017 in the enterprise governance, risk and compliance software market. The increasing requirement for enterprise governance, risk and compliance software for compliance management, audit management, policy management, and risk management is likely to power the development of enterprise governance, risk and compliance software market over the forecast period.

North America has showed a powerful share in 2017 in the enterprise governance, risk and compliance software market. North America is the developed area. The increased awareness in the area for enterprise governance, risk and compliance software market’s services and software will assist to create high income for the global market.

The global enterprise governance, risk and compliance software market is segmented as follows:

By Component 

  • Software
    • Audit Management
    • Compliance Management 
    • Risk Management
    • Policy Management
    • Incident Management
    • Others (Business continuity management, IT eGRC, financial control management, and issue management)
  • Services
    • Consulting and training
    • Integration
    • Support

By Deployment Model

  • Cloud 
  • On-premises 

By Organization Size 

  • Enterprises 
  • Small and Midsize business (SMBs)

By Business Function

  • Finance
  • IT
  • Operations
  • Legal

By Industry vertical 

  • BFSI
  • Healthcare
  • Government
  • Construction and Engineering 
  • Energy and Utilities
  • Manufacturing
  • Mining and Natural Resources
  • Retail and Consumer Goods
  • Telecom and IT
  • Transportation and Logistics
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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