The North America Enterprise Governance, Risk and Compliance (EGRC) Market would witness market growth of 10.8% CAGR during the forecast period (2019-2025).
Enterprise governance, risk, and compliance solutions are crucial across all industry verticals. Nevertheless, several organizations in BFSI, telecom, and manufacturing service industries are currently witnessing significant losses as they have deployed systems that do not have an all-inclusive view of enterprise risks. The enterprises are now beginning to realize that their financial processes are ineffective and the enterprise risk management initiatives undertaken by them are incompetent because of the increasing mandates for regulatory compliance. The regulatory and corporate governance scenario is evolving constantly; thereby encouraging such services and institutions to bring forth a culture which emphasizes standard business practices and balanced risk-taking.
The region is experiencing significant advances in the space of eGRC. Multiple suppliers across the region are engaged in creating innovative products and solutions and focus on the inclusion of sophisticated techniques such as Analytics, Natural Language Processing and Machine Learning (ML). The US is anticipated to result in the implementation of eGRC alternatives among all North American countries. The increasing company complexities and changing regulatory demands are anticipated to drive the region's market growth.
Based on Component, the market is segmented into Software and Services. Software segment is further bifurcated into Risk Management, Audit Management, Incident Management, Compliance Management, Policy Management and Others. Services segment is further segmented into Integration & Deployment, Advisory & Consulting and Support & Maintenance. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on Deployment Mode, the market is segmented into On Premise and Cloud. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Energy & Utilities, Retail & Consumer Goods, Telecom & IT, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, Software AG, Dell Technologies Inc., Fidelity Information Services (FIS), Inc., Alyne GmbH, LogicManager, Inc. and ProcessGene Ltd.
Scope of the Study Market Segmentation: By Component
By Organization Size
By Deployment Mode
By End User
By Country
Companies Profiled
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