Enterprise Governance, Risk, and Compliance Market Forecast to Reach $39.6 Billi

1. Meticulous Research®, a prominent global market research firm, has published a comprehensive 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 2030.” Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5702 According to this latest report by Meticulous Research®, the global enterprise governance, risk, and compliance (eGRC) market is expected to grow significantly, reaching a value of $39.6 billion by 2030, at a compound annual growth rate (CAGR) of 15.8% between 2024 and 2030. This market's growth can be attributed to stringent government regulations, evolving industry standards, and rising demand for eGRC solutions, particularly in the banking, financial services, and insurance (BFSI) sector. Additionally, the integration of emerging technologies such as artificial intelligence (AI), machine learning (ML), and blockchain into eGRC platforms is anticipated to provide growth opportunities for key stakeholders in this market. Despite this optimistic outlook, the eGRC market faces certain challenges. Varying regulatory frameworks across regions may hamper growth, and concerns around data privacy, security, and lack of awareness may also pose obstacles. These factors highlight the need for improved training and education around eGRC adoption. The report segments the global eGRC market by component, organization size, deployment mode, business function, and industry sector, providing a detailed analysis of market trends at regional and global levels. The report also examines the competitive landscape of the eGRC market. Components Analysis: The global enterprise governance, risk, and compliance market is divided into solutions and services. In 2024, solutions are expected to account for the largest share of the market. The growing adoption of risk management solutions, regulatory compliance software, and audit management tools is driving the demand for comprehensive eGRC platforms. These solutions are becoming increasingly essential for organizations seeking to track compliance, mitigate operational risks, and maintain an accurate audit trail to ensure transparency and accountability. However, services are projected to experience the fastest growth, with the highest CAGR during the forecast period. This growth stems from rising demand for consulting, implementation, integration, and managed services, which help organizations optimize their eGRC strategies. As

2. Global Enterprise Governance, Risk and Compliance Market – 2023-2030 enterprises seek to navigate complex regulatory environments, specialized service providers are gaining traction. By Organization Size: The market is further categorized by organization size, into large enterprises and small & medium-sized enterprises (SMEs). In 2024, large enterprises are expected to dominate the market. Large organizations, particularly in heavily regulated industries, face growing pressure to manage operational, financial, and compliance risks across multiple jurisdictions. As a result, these enterprises are adopting advanced eGRC tools to streamline their risk management processes, safeguard against breaches, and maintain compliance with global standards. SMEs, on the other hand, are expected to register the highest growth rate over the forecast period. Increasingly, smaller businesses recognize the importance of structured risk management processes, particularly around data privacy and cybersecurity. eGRC solutions offer SMEs an efficient means to address these concerns, despite limited resources, helping them compete with larger firms in terms of operational efficiency. Deployment Modes: The market is segmented by deployment mode into on-premise and cloud- based solutions. On-premise deployments are expected to hold the larger share of the market in 2024. Organizations in sectors such as healthcare and finance often prefer on-premise eGRC solutions due to data control requirements, security concerns, and regulatory demands. On- premise solutions also allow for a higher degree of customization and integration with existing systems. Nevertheless, cloud-based eGRC solutions are projected to grow at the fastest rate. This is driven by the increasing flexibility, scalability, and cost-effectiveness of cloud solutions, particularly among SMEs. The adoption of cloud-based platforms also benefits from the growing availability of enhanced cloud security options, making them increasingly attractive to enterprises looking to reduce capital expenditures and operating costs. Business Functions: The global eGRC market is divided by business function, with segments including finance & accounting, information technology (IT), legal & compliance, operations management, and human resources. The finance & accounting segment is expected to account for the largest share of the market in 2024. Financial institutions require robust eGRC systems to ensure compliance with regulatory mandates, manage risk, and improve governance through automation and streamlined processes. eGRC solutions help finance departments maintain accurate financial records, automate approval workflows, and enhance document management systems. Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

3. Global Enterprise Governance, Risk and Compliance Market – 2023-2030 The finance & accounting segment is also expected to register the highest growth rate during the forecast period as more organizations invest in tools to improve audit controls and manage internal financial risk. Industry Sectors: The global eGRC market is segmented by sector, including BFSI, IT & telecommunications, energy & utilities, healthcare, manufacturing, and government, among others. The BFSI sector is expected to lead the market, accounting for the largest share in 2024. The increasing complexity of regulatory frameworks in the financial industry is driving demand for eGRC solutions to manage compliance, reduce operational risks, and safeguard sensitive data. However, the healthcare sector is expected to experience the fastest growth over the forecast period, driven by the rising need for robust compliance systems in response to increased regulatory scrutiny, data privacy concerns, and the growing use of digital health technologies such as telemedicine. Regional Insights: Geographically, the market is segmented into North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest share of the market in 2024. The region's high adoption of eGRC solutions is driven by the presence of major market players, strict regulatory frameworks, and growing concerns over data privacy and cybersecurity. Industries such as BFSI, healthcare, and telecommunications are particularly active in adopting eGRC platforms to manage compliance with laws such as the Sarbanes-Oxley Act (SOX) and HIPAA. Meanwhile, the Asia-Pacific region is poised to experience the highest growth, with a significant increase in eGRC adoption. The rapid digital transformation across emerging economies, coupled with increasing regulatory requirements for data protection and cybersecurity, is driving the demand for eGRC platforms. The region's economic growth and the expansion of multinational corporations in markets like India, China, and Southeast Asia are also contributing to this growth. Key Players The key players operating in the global 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), SAI360 Inc. (U.S.), OneTrust LLC (U.S.), Blue Umbrella Limited (Hong Kong), MetricStream Inc. (U.S.), and SureCloud Ltd (U.K.). Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

4. Global Enterprise Governance, Risk and Compliance Market – 2023-2030 To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/enterprise-governance-risk-and-compliance-market-5702 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 2024–2030? • What are the major drivers, restraints, opportunities, and challenges in the global enterprise governance, risk and compliance market? • Who are the major players in the global enterprise governance, risk and compliance market, and what are their market shares? • How is the competitive landscape? • What are the recent developments in the global 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 global enterprise governance, risk and compliance market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com