COVID-19 Impact and Recovery Analysis — Enterprise Governance, Risk, And Compliance (eGRC) Solutions Market 2020–2024 | Benefits of EGRC Solutions to Boost Growth | Technavio
Technavio has been monitoring the enterprise governance, risk, and compliance (eGRC) solutions market and it is poised to grow by USD 15.09 billion during 2020–2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Dell Technologies Inc., International Business Machines Corp., Maclear LLC, MetricStream Inc., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., Software AG, and Wolters Kluwer NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The benefits of eGRC solutions have been instrumental in driving the growth of the market. However, increasing data security concerns, lack of quality standards in service level agreement (SLA), and issues related to scalability, automation, and professional expertise might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/enterprise-governance-risk-and-compliance-solutions-market-industry-analysis
Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market 2020–2024: Segmentation
Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market is segmented as below:
- End-user
- Geography
- Large Enterprise
- SME
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43466
Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The enterprise governance, risk, and compliance solutions market report covers the following areas:
- Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market Size
- Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market Trends
- Enterprise Governance, Risk, and Compliance (eGRC) Solutions Market Industry Analysis
This study identifies the increased need to comply with regulatory requirements as one of the prime reasons driving the enterprise governance, risk, and compliance (eGRC) solutions market growth during the next few years.
