기업 거버넌스, 리스크 및 컴플라이언스 시장 : 구성요소별(솔루션, 서비스), 조직 규모별, 구축 방식별, 업무 기능별(법무 및 컴플라이언스, 운영관리), 분야별(의료), 지역별 - 세계 시장 예측(-2030년)

Enterprise Governance, Risk, and Compliance Market by Component (Solutions, Services), Organization Size, Deployment Mode, Business Function (Legal & Compliance, Operation Management), Sector (Healthcare) and Geography-Global Forecast to 2031.

The research report titled 'Enterprise Governance, Risk, and Compliance Market by Component (Solutions, Services), Organization Size, Deployment Mode, Business Function (Legal & Compliance, Operation Management), Sector (Healthcare) and Geography-Global Forecast to 2031' provides an in-depth analysis of the enterprise governance, risk, and compliance market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The enterprise governance, risk, and compliance market is projected to reach $46.5 billion by 2031, at a CAGR of 16.3% from 2024 to 2031.

This market's growth is attributed to the increasing demand and stringent government regulations and industry standards for eGRC solutions in the BFSI sector. However, diverse regulatory policy structures may restrain the market's growth.

Furthermore, the integration of AI, ML, and blockchain technologies into eGRC solutions and the growing automation in eGRC solutions are expected to offer significant growth opportunities for stakeholders in the enterprise governance, risk, and compliance market. However, concerns related to data privacy and security, along with a lack of awareness and training on eGRC solutions, are expected to pose challenges to the growth of the market.

The enterprise governance, risk, and compliance market is segmented by component (solutions [risk management solutions, regulatory & compliance solutions, audit management solutions, incident management solutions, policy management solutions, and other solutions], services [professional services, managed services]), organization size (large enterprises, small & medium-sized enterprises), deployment mode (on-premise deployments, cloud-based deployments), business function (finance & accounting, information technology, legal & compliance, operation management, human resource, other business functions), and sector (IT & telecommunications, BFSI, energy & utilities, government, healthcare, manufacturing, retail & consumer goods, transportation & logistics, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on component, the enterprise governance, risk, and compliance market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of above 70.0% of the enterprise governance, risk, and compliance market. The large market share of this segment can be attributed to several factors, including the increasing adoption of regulatory and compliance solutions, the growing need to monitor and manage compliance with industry regulations and government mandates, the rising deployment of incident management solutions for tracking and handling security incidents, breaches, or compliance violations, and the rising demand for eGRC solutions to maintain a comprehensive audit trail, thereby ensuring accountability and transparency in governance processes.

However, the services segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to several factors, including the rising demand for specialized consulting and support services to aid organizations in the implementation, optimization, and management of their eGRC solutions and programs, the increasing need for implementation and integration services of eGRC solutions, the growing popularity of risk management and compliance management services, and the need for managed services to outsource the management and operation of eGRC processes, technologies, and programs.

Based on organization size, the enterprise governance, risk, and compliance market is segmented into large enterprises and small & medium-sized enterprises. In 2024, the large enterprises segment is expected to account for the larger share of above 58.0% of the enterprise governance, risk, and compliance market. The large market share of this segment can be attributed to the increasing demand for eGRC solutions from large enterprises, as they often operate across diverse jurisdictions and industries, each with its unique set of regulations and compliance requirements, making eGRC solutions invaluable for centralizing and streamlining compliance efforts and ensuring regulatory compliance to avoid costly penalties. Large enterprises require comprehensive solutions to manage operational, financial, strategic, and reputational risks, unify compliance management across multiple regions and business units, and mitigate the risks of data breaches and regulatory violations.

However, the small & medium-sized enterprises segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to several factors, including the increasing need for a structured approach to risk identification, assessment, and mitigation and the growing need for safeguarding sensitive data, implementing robust access controls, and ensuring data privacy compliance across SMEs. Furthermore, SMEs often face resource constraints, with limited staffing and budget allocation for risk and compliance management. eGRC solutions offer these businesses streamlined processes, reduced manual work, and efficient resource utilization, enabling them to enhance their operations despite limited resources.

Based on deployment mode, the enterprise governance, risk, and compliance market is segmented into on-premise deployments and cloud-based deployments. In 2024, the on-premise deployments segment is expected to account for the larger share of above 54.0% of the enterprise governance, risk, and compliance market. The large market share of this segment can be attributed to the increasing on-premise deployments of eGRC solutions due to data security and control requirements, particularly in heavily regulated industries like finance and healthcare. On-premise solutions also offer customization and seamless integration with existing systems. Moreover, this mode of deployment significantly reduces the risks associated with data breaches and unauthorized access by maintaining sensitive data within an enterprise's secure, firewall-protected environment.

However, the cloud-based deployments segment is projected to register the highest CAGR during the forecast period. This segment's growth is attributed to the increasing number of new security options for cloud deployments, the enhanced flexibility offered by cloud solutions, and the high adoption of cloud-based risk compliance solutions by SMEs due to their cost-effectiveness.

Based on business function, the enterprise governance, risk, and compliance market is segmented into finance & accounting, information technology, legal & compliance, operation management, human resources, and other business functions. In 2024, the finance & accounting segment is expected to account for the largest share of above 33.0% of the enterprise governance, risk, and compliance market. The large market share of this segment can be attributed to several factors, including the rising need for risk management, compliance with financial regulations, and the growing adoption of eGRC solutions for audit and internal controls, financial document management, records retention, and automating approval processes for financial transactions, ensuring due authorization and compliance. Moreover, the finance & accounting segment is projected to register the highest CAGR during the forecast period.

Based on sector, the enterprise governance, risk, and compliance market is segmented into IT & telecommunications, BFSI, energy & utilities, government, healthcare, manufacturing, retail & consumer goods, transportation & logistics, and other sectors. In 2024, the BFSI segment is expected to account for the largest share of above 28.0% of the enterprise governance, risk, and compliance market. The large market share of this segment is attributed to the increased adoption of eGRC solutions for ensuring compliance, asset protection, and maintaining financial integrity. These solutions help assess and quantify various risks, such as credit, market, operational, and liquidity risks. Furthermore, they facilitate the creation of audit trails for financial transactions and streamline the preparation and validation of financial statements.

However, the healthcare segment is projected to register the highest CAGR during the forecast period, driven by the increasing need for enhanced performance, cost reduction, and compliance management in the healthcare sector. Additionally, the rising adoption of telemedicine and remote healthcare services, the risk of data breaches, and the surge in research and development activities within the healthcare sector are expected to drive this segment's growth.

Based on geography, the enterprise governance, risk, and compliance market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of above 36.0% of the enterprise governance, risk, and compliance market. North America's large market share is attributed to the high adoption of eGRC solutions within highly regulated sectors like BFSI, healthcare, and pharmaceuticals. Additionally, the region's focus on data privacy and cybersecurity, along with the presence of established market players like IBM Corporation (U.S.), Microsoft Corporation (U.S.), Dell Inc. (U.S.), SAS Institute Inc. (U.S.), Oracle Corporation (U.S.), and Future Shield Inc. (Canada) contribute to this significant market share.

North America, especially the U.S. and Canada, faces a complex and evolving regulatory landscape. Organizations are adopting eGRC solutions to navigate changing compliance requirements and laws like the Sarbanes-Oxley Act (SOX), the Health Insurance Portability and Accountability Act (HIPAA), and various industry-specific regulations. Furthermore, the growing use of cloud computing, the heightened risk of cyberattacks, the rapid evolution of IT infrastructure, and the need to address internal and external business risks are driving demand for eGRC solutions, thereby fostering the growth of this regional market.

However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the implementation of data protection laws in emerging economies, where businesses are prioritizing data privacy and cybersecurity. The market's growth is further fueled by technological innovation, the rapid pace of digital transformation, and a growing demand for comprehensive risk management solutions across enterprises.

The key players operating in the enterprise governance, risk, and compliance market are IBM Corporation (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), Dell Inc. (U.S.), SAS Institute Inc. (U.S.), Wolters Kluwer N.V. (Netherlands), Software AG (Germany), Oracle Corporation (U.S.), Mphasis Limited (India), Future Shield Inc. (Canada), SAI Global Compliance, Inc. (U.S.), OneTrust LLC (U.S.), Blue Umbrella Limited (Hong Kong), MetricStream Inc. (U.S.), and SureCloud Ltd (U.K.).

Key questions answered in the report:

• Which are the high-growth market segments in terms of component, organization size, deployment mode, business function, sector, and geography?
• What is the historical market size for enterprise governance, risk, and compliance across the globe?
• What are the market forecasts and estimates for 2024-2031?
• What are the major drivers, restraints, opportunities, and challenges in the enterprise governance, risk, and compliance market?
• Who are the major players in the enterprise governance, risk, and compliance market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the enterprise governance, risk, and compliance market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?
• Who are the local emerging players in the enterprise governance, risk, and compliance market, and how do they compete with other players?

Scope of the Report:

Enterprise Governance, Risk, and Compliance Market Assessment-by Component

• Solutions
  • Risk Management Solutions
  • Regulatory & Compliance Solutions
  • Audit Management Solutions
  • Incident Management Solutions
  • Policy Management Solutions
  • Other Solutions
• Services
  • Professional Services
  • Managed Services

Enterprise Governance, Risk, and Compliance Market Assessment-by Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises

Enterprise Governance, Risk, and Compliance Market Assessment-by Deployment Mode

• On-premise Deployments
• Cloud-based Deployments

Enterprise Governance, Risk, and Compliance Market Assessment-by Business Function

• Finance & Accounting
• Information Technology
• Legal & Compliance
• Operation Management
• Human Resource
• Other Business Functions

Enterprise Governance, Risk, and Compliance Market Assessment-by Sector

• IT & Telecommunications
• BFSI
• Energy & Utilities
• Government
• Healthcare
• Manufacturing
• Retail & Consumer Goods
• Transportation & Logistics
• Other Sectors

Enterprise Governance, Risk, and Compliance Market Assessment-by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Rest of Asia-Pacific
• Latin America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• 1.1. Market Definition & Scope
• 1.2. Currency & Limitations
  • 1.2.1. Currency
  • 1.2.2. Limitations

2. Research Methodology

• 2.1. Research Approach
• 2.2. Process of Data Collection & Validation
  • 2.2.1. Secondary Research
  • 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
• 2.3. Market Sizing and Forecast
  • 2.3.1. Market Size Estimation Approach
  • 2.3.2. Growth Forecast Approach
• 2.4. Assumptions for the Study

3. Executive Summary

4. Market Insights

• 4.1. Overview
• 4.2. Factors Affecting Market Growth
  • 4.2.1. Drivers
    • 4.2.1.1. Stringent Government Regulations and Industry Standards for eGRC Solutions
    • 4.2.1.2. Growing Demand for eGRC Solutions from the BFSI Sector
  • 4.2.2. Restraints
    • 4.2.2.1. Diverse Regulatory Policy Structures
  • 4.2.3. Opportunities
    • 4.2.3.1. Integration of AI, ML, and Blockchain Technologies into eGRC Solutions
    • 4.2.3.2 Growing Automation in eGRC Solutions
  • 4.2.4. Challenges
    • 4.2.4.1. Data Privacy and Security Concerns
    • 4.2.4.2. Lack of Awareness and Training of eGRC Solutions
• 4.3. Market Trends
• 4.4. Case Studies

5. Global Enterprise Governance, Risk and Compliance Market Assessment-by Component

• 5.1. Overview
• 5.2. Solutions
  • 5.2.1. Risk Management Solutions
  • 5.2.2. Regulatory & Compliance Solutions
  • 5.2.3. Audit Management Solutions
  • 5.2.4. Incident Management Solutions
  • 5.2.5. Policy Management Solutions
  • 5.2.6. Other Solutions
• 5.3. Services
  • 5.3.1. Professional Services
  • 5.3.2. Managed Services

6. Global Enterprise Governance, Risk and Compliance Market Assessment-by Organization Size

• 6.1. Overview
• 6.2. Large Enterprises
• 6.3. Small and Medium-sized Enterprises

7. Global Enterprise Governance, Risk and Compliance Market Assessment-by Deployment Mode

• 7.1. Overview
• 7.2. On-premise Deployments
• 7.3. Cloud-based Deployments

8. Global Enterprise Governance, Risk and Compliance Market Assessment-by Business Function

• 8.1. Overview
• 8.2. Finance & Accounting
• 8.3. Information Technology
• 8.4. Legal & Compliance
• 8.5. Operation Management
• 8.6. Human Resource
• 8.7. Other Business Functions

9. Global Enterprise Governance, Risk and Compliance Market Assessment-by Sector

• 9.1. Overview
• 9.2. IT & Telecommunications
• 9.3. BFSI
• 9.4. Energy & Utilities
• 9.5. Government
• 9.6. Healthcare
• 9.7. Manufacturing
• 9.8. Retail & Consumer Goods
• 9.9. Transportation & Logistics
• 9.10. Other Sectors

10. Enterprise Governance, Risk and Compliance Market Assessment-by Geography

• 10.1. Overview
• 10.2. North America
  • 10.2.1. U.S.
  • 10.2.2. Canada
• 10.3. Europe
  • 10.3.1. Germany
  • 10.3.2. U.K.
  • 10.3.3. France
  • 10.3.4. Italy
  • 10.3.5. Spain
  • 10.3.6. Rest of Europe
• 10.4. Asia-Pacific
  • 10.4.1. China
  • 10.4.2. Japan
  • 10.4.3. India
  • 10.4.4. South Korea
  • 10.4.5. Singapore
  • 10.4.6. Rest of Asia-Pacific
• 10.5. Latin America
• 10.6. Middle East & Africa

11. Competition Analysis

• 11.1. Overview
• 11.2. Key Growth Strategies
• 11.3. Competitive Benchmarking
• 11.4. Competitive Dashboard
  • 11.4.1. Industry Leaders
  • 11.4.2. Market Differentiators
  • 11.4.3. Vanguards
  • 11.4.4. Emerging Companies
• 11.5. Market Share Analysis

12. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

• 12.1. Leading Players
  • 12.1.1. IBM Corporation
  • 12.1.2 Microsoft Corporation
  • 12.1.3 SAP SE
  • 12.1.4 Dell Inc.
  • 12.1.5 SAS Institute Inc.
  • 12.1.6 Wolters Kluwer N.V.
  • 12.1.7 Software AG
  • 12.1.8 Oracle Corporation
  • 12.1.9 Mphasis Limited
  • 12.1.10 Future Shield Inc.
• 12.2. Other Players
  • 12.2.1. SAI360 Inc
  • 12.2.2. OneTrust LLC
  • 12.2.3. Blue Umbrella Limited
  • 12.2.4. MetricStream Inc.
  • 12.2.5. SureCloud Ltd

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

13. Appendix

• 13.1. Available Customization
• 13.2. Related Reports