The global eGRC market size will touch USD 48 billion at a 13% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Enterprise, governance, risk & compliance or eGRC, is a strategy that is generally adopted by different agencies, enterprises, and organizations for managing their governance and maintaining the business objectives.

The study draws a forecast of the growth of the Enterprise Governance Risk and Compliance market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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Regional Analysis

By region, the global enterprise governance risk and compliance market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. The region being the home to several vendors that acquired various innovative strategies, the presence of several large-scale companies which are constantly at the risk of government scrutiny and cyber-attacks, organizations opting for advanced and agile software solutions which entail fewer resources owing to cyber threats and veritable staffing, and the growing adoption of cloud software, IoT, and big data are adding to the global enterprise governance risk & compliance market growth in the region.