The Asia Pacific Enterprise Governance, Risk and Compliance (EGRC) Market would witness market growth of 13.7% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific Enterprise Governance, Risk and Compliance (EGRC) Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $10,626.8 million by 2032. The Japan market is registering a CAGR of 12.8% during (2025 - 2032). Additionally, The India market would showcase a CAGR of 14.4% during (2025 - 2032).
The Software-as-a-Service (SaaS) model is particularly beneficial for small and medium enterprises (SMEs) that lack extensive IT infrastructure but need robust risk management tools. Businesses may incorporate cybersecurity frameworks, third-party risk management, and ESG (Environmental, Social, and Governance) compliance into their larger governance plan thanks to the adaptability of cloud-based solutions.
Industry-specific compliance needs are also driving the adoption of GRC solutions. Different industries face unique regulatory challenges, necessitating specialized compliance frameworks. The BFSI (Banking, Financial Services, and Insurance) sector is required to adhere to stringent financial regulations, including Basel III, Anti-Money Laundering (AML), and Know Your Customer (KYC) laws.
In Japan, cyber threats have escalated significantly, with ransomware cases reported to the National Police Agency (NPA) reaching 230 in 2022, marking a 57.5% increase from 2021. Cyberattacks have targeted businesses of all sizes and across industries, making cybersecurity compliance and risk management a top priority. Additionally, Japan’s increasing focus on digitizing healthcare services and expanding telemedicine has driven the demand for advanced GRC solutions. Similarly, Australia’s cybersecurity landscape has witnessed a surge in cybercrime incidents, with the Australian Cyber Security Centre receiving over 94,000 reports in the fiscal year 2021-22, reflecting a 23% year-over-year increase. The Cyber Security Strategy 2020 underscores the Australian government’s multi-billion-dollar investment in cybersecurity resilience, emphasizing regulatory compliance, risk mitigation, and governance frameworks for securing classified data. With encryption mandated under the Information Security Manual (ISM) for defense contracts, Australian organizations are increasingly adopting AI-powered risk intelligence and compliance automation platforms to enhance security governance and regulatory transparency. Hence, these regional developments position the market for continued expansion as businesses seek automated compliance solutions, AI-driven risk mitigation strategies, and enhanced regulatory oversight to navigate an increasingly stringent and technology-driven regulatory environment.
Free Valuable Insights: The Global Enterprise Governance, Risk and Compliance (EGRC) Market is Predict to reach USD 142.83 Billion by 2032, at a CAGR of 12.9%
Based on Component, the market is segmented into Software (Risk Management, Audit Management, Incident Management, Policy Management, Compliance Management, and Other Software Type), and Services (Integration, Consulting, and Support). Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into ESG, EHS, Legal Services, Director Board, and Other Application. Based on Vertical, the market is segmented into BFSI, Healthcare, Government, Telecom & IT, Energy & Utilities, Manufacturing, and Other Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Component
By Organization Size
By Application
By Vertical
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 