Lucintel Blog: Lucintel Forecasts eGRC Market to Reach $XX Billion by 2028

Monday, January 16, 2023

Lucintel Forecasts eGRC Market to Reach $XX Billion by 2028

According to the recent study the eGRC market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 13% to 15% from 2023 to 2028. Growth in this market is primarily driven by increase in stringent compliance mandates, integration of AI/ML (artificial intelligence and machine learning) & blockchain technologies in GRC solutions, and growth in data & security breaches.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in eGRC market by component (software and services), business operations (finance, IT, legal, and operations), deployment type (on-premises and cloud), end use industry (construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, IT & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/egrc-market.aspx

“Finance market is expected to remain the largest segment during the forecast period.”

Based on business operations, the eGRC market is segmented into finance, IT, legal, and operations. Lucintel forecasts that the finance market is expected to remain the largest segment due to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins.

“Within the eGRC market, the BFSI segment is expected to remain the largest end use industry.”

Based on end use industry the BFSI segment is expected to witness the highest growth over the forecast period due to penetration in technological innovations. Additionally, enterprise governance, risk, and compliance play a vital role in providing compliance with finance-related mandates and heads exact operations with respect to the financial process.

“North America will dominate the eGRC market in near future.”

North America will remain the largest region due to the suppliers in this region are diving deep into the roots of creating innovative commodities, adoption of high technology in almost every part of business sectors, and majority of the supplier in this region is engaged in developing the products and services based on the artificial intelligence (AI), analytics, natural language processing (NLP), and machine learning (ML).

Download Brochure of this report by clicking on https://www.lucintel.com/egrc-market.aspx.

Major players of eGRC market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. IBM, Wolters Kluwer N.V., Convercent, NAVEX Global, Refinitive, SAS Institute, SAI Global Pty, Microsoft, Oracle, and SAP SE are among the major eGRC providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/egrc-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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