eGRC Market Size 2029- Key Growth Drivers, Challenges, Leading Key Players

1. eGRC Market Size 2029- Key Growth Drivers, Challenges, Leading Key Players Review, Upcoming Trend The eGRC market size is projected to grow from USD 18.3 billion in 2024 to USD 34.5 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, according to new research report by MarketsandMarkets™ Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1310 eGRC Market Dynamics Market Drivers • • Increasing need to comply with stringent regulatory mandates Rising cybersecurity threats Market Restraints • Adapting to changing laws and regulations Market Opportunities • • Integration of AI/ML and blockchain technologies into GRC solutions Integration of eGRC with core business operations Top eGRC Companies • • • • • • • • • IBM (US) Microsoft (US) Oracle (US) SAP (Germany) SAS Institute (US) ServiceNow (US) Thomson Reuters (Canada) FIS (US) Wolters Kluwer (Netherlands) The key driver for adopting eGRC solutions is an increase in stringent regulations, such as the EU AI Act, that aims to establish a comprehensive regulatory framework for AI and impact how organizations manage GRC with AI technology integrations. Organizations need to assess their AI models, understand the implications of the EU AI Act, and prepare for the changes it will bring to create a more secure and trustworthy AI environment. By aligning with the regulations of the EU AI Act, businesses can navigate the regulatory landscape effectively and leverage AI technology while safeguarding against risks and ensuring compliance with the updated rules. The adoption of eGRC solutions has surged as organizations must manage complex regulatory requirements and mitigate diverse risks. These solutions provide a centralized platform to streamline governance processes, automate compliance tasks, and enhance risk visibility across the enterprise. Effective eGRC solution encompasses thorough data integration, advanced analytics, real-time monitoring, and strategic utilization of emerging technologies. These features provide organizations with the necessary resources for managing the intricate landscape of eGRC. Some companies offer dedicated eGRC solutions, such as compliance, risk, and audit management. These solutions are developed to cater

2. to the specific needs of the BFSI, healthcare, IT & ITeS, government, and other verticals. Companies offering eGRC solutions include IBM LogicManager, MetricStream, Software AG, Wolters Kluwer, Diligent, IdeaGen, and SAI Global. Small and Medium-sized enterprises (SMEs) are increasingly adopting eGRC solutions deployed in the cloud due to several advantages. Cloud deployment offers scalability, flexibility, and cost-effectiveness, making it accessible to businesses without hefty upfront investments. These solutions streamline governance processes, enhance risk visibility, and simplify compliance management. With intuitive interfaces and subscription-based pricing models, eGRC cloud solutions empower SMEs to navigate regulatory landscapes while optimizing resource utilization efficiently. Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1310 Regional Analysis Europe is expected to register high growth rates in the eGRC market. Emerging European markets, such as the UK, Germany, France, Italy, and Ireland, are expected to offer significant growth opportunities for the eGRC market. Increasing regulations and compliances, political uncertainty, unpredictable business environment, rise in network crimes, and advanced cyber and bot attacks have favored the growth of the eGRC market in the region, as it is helping the organizations effectively work on GRC programs. Some of the Key Questions Answered in this Report: • What trends, challenges and barriers will influence the development and sizing of the global market? • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same. • What is the EGRC Market growth momentum or market carriers during the forecast period? • What are the global trends in the EGRC market? Would the market witness an increase or decline in the demand in the coming years? • What is the estimated demand for different types of products in EGRC? What are the upcoming industry applications and trends for EGRC market? • What Are Projections of Global EGRC Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export? • Where will the strategic developments take the industry in the mid to long-term? • What are the factors contributing to the final price of EGRC? What are the raw materials used for EGRC? • How big is the opportunity for the EGRC market? How will the increasing adoption of EGRC for mining impact the growth rate of the overall market? • Which region may tap the highest market share in the coming era? • Which application/end-user category or Product Type may seek incremental growth prospects? • What focused approach and constraints are holding theEGRCmarket demand?