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Enterprise Governance, Risk and Compliance (eGRC) Market Size, Share & Industry Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, Healthcare, Government, Energy & Utilities, Manufacturing, Retail & Consumer Goods, Telecom & IT and Others) and Regional Forecast, 2019 - 2026

Region : Global | Format: PDF | Report ID: FBI101415



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The global Enterprise Governance, Risk and Compliance (eGRC) market size stood at USD 21.72 Billion in 2018 is projected to reach USD 57.57 Billion by 2026, exhibiting a CAGR of 13.2% during the forecast period.

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Managing regulatory risk for any organizations is the number one risk. For organizations, managing regulatory risk is becoming very important as enterprise governance risk compliance supports organizations to manage and integrate IT operations that are subject to regulation. With introduction of government regulations across industry, verticals globally have led organizations to implement eGRC. The eGRC enables audit, risk & compliance management, business resiliency applications and, among others.

Increasing adoption of digital and automated solutions, has lead to an increasing volume of risk in the organizations.  This has led to the adoption of enterprise governance risk compliance, which helps organizations to meet challenges of cybersecurity threats, regulatory change, reputation risk, and third-party exposure.

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In the last few years, demand for eGRC and services have grown at a significant rate, due to introduction of many regulations by government bodies across industries. Furthermre, eGRC providers are doing partnership with different public and private firms for up-gradation of theier existing infrastructure and implementing eGRC to minimize the damage caused by various risks within organizations.


“Mandatory regulatory & compliance policies expected to boost the market growth.”

Enterprise Governance, risk, and compliance (eGRC) policies directly influence IT processes, the aligned IT infrastructure, and associated business processes. In the past decade, organizations that were solely focused on regulatory compliance directives, such as Sarbanes-Oxley (SOX), are now obliged to the need of addressing a wider array of eGRC-related regulatory concerns that are widespread across various geographies and their respective administrations.

Eliminating the borders of where & how an enterprise function entails to crafting an environment of risk visibility, flexible business process design, and information transparency, that is crucial to the future of an effective enterprise. In many cases, these efforts are not reinforced robustly comparable to their potential, thereby resulting in indigent eGRC support and reduced business agility.

Present economic scenario is perceiving numerous organizations to forcefully address eGRC regulation (including SOX, Gramm-Leach-Bliley, and HIPAA amongst others) and its resultant effect on their business improvement road maps. Further, various organizations proactively choose to tackle their eGRC processes (such as enterprise risk assessments) and thereby integrating it into business process changes

Various eGRC initiatives functioning within the industry (Enterprise eGRC initiatives & Operational eGRC initiatives) are Sarbanes-Oxley Act, Company Ethics/ Foreign Corrupt Practices Act (FCPA), BSA (Bank Secrecy Act), initially designed for Anti-Money Laundering, FDA cGXP/ISO 13485/21CFR Part 11, HACCP/ISO22000 Compliance and among others.


 “Surging adoption of 'IoT and Big Data' in eGRC solutions offering would be an opportunity for the market”

The advent of big data is expected to traction the growth of the artificial intelligence-based eGRC system market as a large volume of data needs to be captured, stored and analyzed. The requirement of managing and improving the computational model of such data has become a primary concern among the end-users. This is enabling them to adopt artificial intelligence solutions at a faster pace. The adoption of artificial intelligence is expected to change the entire perspective of big data and big data analytics.


By Component Analysis

“The Software segment would ensure to generate the highest revenue in the near future.”

With the growing requirement for the automated and streamline enterprises eGRC programs, demand for eGRC software is expected to surge in the coming years. It is because of an increasing need to analyze regulatory requirements, obligations, and policies. Furthermore, advanced eGRC software is integrated with analytics tool, machine learning technology, and business intelligence tool, and this will help organizations to analyze and get actionable insights to reduce organizations risks.  

Moreover, eGRC solution providers are integrating advanced technology in the existing eGRC software. One of the technologies is artificial intelligence. Implementation of artificial intelligence takes place in various solutions across industries. Software segment would ensure to hold the highest global enterprise governance, risk & compliance (eGRC) market share in terms of revenue generation, as organizations iimplementing software to reduce cybersecurity threat and analyze compliance risk. 

By Deployment Analysis

“Cloud-based deployment of Enterprise Governance, Risk & Compliance (eGRC) software is anticipated to exhibit a significant CAGR during the forecast period.”

Surging penetration of cloud-based BYOD devices culture and application dependence would drive the growth of cloud-based eGRC software in the near future. Moreover, demand for cloud-based eGRC software would increase as it enables to achieve data, policies, and controls and are visible throughout the enterprise. Cloud-based software would help an organization to gain an in-depth analysis of risk, and reduce complexity.

By Organization Size

“Small enterprises to hold a leading position in the Enterprise Governance, Risk & Compliance market in terms of CAGR in the coming years.”

Small Enterprises are expected to generate the highest CAGR in Enterprise Governance, Risk & Compliance (eGRC) market during the forecast period. Growth of eGRC in the small and medium enterprise is due to the increasing strict government regulations across industry vertical. Some of the industries such as BFSI, telecom & IT, manufacturing, retail, and others have to follow the regulations and manage risks associated with their industry. 

By End-users Analysis

“Banking, financial services, and insurance (BFSI) industry are expected to surge in the near future.”

BFSI industry operate in a highly dynamic environment. It requires continuous analytical tools to monitor banking risk.  Money laundering and other frauds are key concerns for the banking industry to invest in eGRC. Further, eGRC would help the BFSI industry to enhance its overall performance and deliver a seamless experience to its customers, reduce fraud risk and meet various regulatory & related compliance requirements. With the increasingly strict regulations and investment for advanced solution in the BFSI industry, it would support the market growth.

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“Energy & Utilities would contribute to the equivalent market revenue share in the eGRC Market.”

In the eGRC market analysis, Energy & utilities would support the market growth as it contributes to equivalent market revenue share. Energy companies function in a highly vulnerable and sensitive environment. There are many risks associated with this industry to be managed properly, also to adhere different compliance regulations as per region. Company expands its global operations and their subsidiaries in various countries, for which they have to follow compliance with country regulations. Furthermore, growing compliance regulations in different regions are impacting energy companies both strategically and operationally, and this makes the industry to adopt eGRC to reduce fraud risk and adhere compliance regulations.


North America is leading the global eGRC market, followed by Europe. The growth is due to growing cybersecurity threats in the region. Besides, surging adoption of cloud-based business models in Europe is driving market sales. Growing deployment of emerging technologies, such as social networking platforms, connected devices for workplace integration, in addition to BYOD trend, cloud-based deployments, and big-data implementations bring with them new set of risk vectors. Businesses, oversee the security threats these technologies carry as due to their superior cost & performance-optimizing characteristics.

Asia Pacific Enterprise Governance, Risk & Compliance Market Size 2018

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On the other hand, Asia Pacific is expected to grow at the highest CAGR in the Enterprise Governance, Risk & Compliance market. Growing countries including India, followed by Japan, and China would contribute to the growth of the market in near future. The growth is due increasing adoption of cloud based solutions, rising investment in technologies (Artificial intelligence, Big data, and among others) and rising initiative by government for development of the country.


“IBM Corporation, SAP SE, Bwise, and MetricStream Inc.are key participants of the market.”

The eGRC market is a highly competitive market with the presence of numerous strong players. Key participants IBM Corporation, SAP SE, Bwise and MetricStream Inc., provide advanced eGRC across the industry . These participants have collaboration strategies that are primarily employed to enhance product portfolio and market penetration.

List of Key Companies

  • Bwise

  • Dell Technologies Inc


  • IBM Corporation

  • MetricStream Inc

  • Microsoft Corporation

  • Oracle Corporation

  • SAP SE

  • Thomson Reuters

  • Wolters Kluwer N.V


"A growing trend is observed in the penetration of the Enterprise Governance, Risk & Compliance market across the industries. "

The report provides qualitative and quantitative insights on the global Enterprise Governance, Risk and Compliance market and detailed analysis of global eGRC market size & growth rate for all possible segments in the market. This market is segmented by component, deployment, organization size, end-users, and geography. Based on the component, the global Enterprise Governance, Risk and Compliance market is classified into software and services. Based on the deployment, the market is segmented into the cloud and on-premise. By organization size, the global Enterprise Governance, Risk & Compliance (eGRC) market is divided into SME’S and large enterprises. By end-users, BFSI, healthcare, government, energy & utilities, and among others. Geographically, the global market has been analyzed across five major regions, which are North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America this region is further categorized into countries.

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Along with this, the report provides an elaborative analysis of the global eGRC market dynamics, and competitive landscape. Various key insights presented in the report are the recent industry developments in the global Enterprise Governance, Risk & Compliance market, such as mergers & acquisitions, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key retail industry trends, competitive landscape and company profiles.

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



  Value (USD Billion)


By  Component

  • Software

  • Services

By Deployment

  • On-Premises

  • Cloud

By Organization Size

  • SMEs

  • Large Enterprises

By End-Users

  • BFSI

  • Healthcare

  • Government

  • Energy & Utilities

  • Manufacturing

  • Retail & Consumer Goods

  • Telecom & IT

  • Others (Transportation & Logistics, Construction, etc.)

By Geography

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)




  • May 2019: IBM and Thomson Reuters announced collaboration joint collaboration to introduce powerful AI data and data combination to support banking industry to address rising regulatory requirements.

Frequently Asked Questions

Fortune Business Insights says that the Enterprise Governance, Risk & Compliance (eGRC) Market is projected to reach USD 57.57 billion by 2026.

In 2018, the Enterprise Governance, Risk & Compliance (eGRC) Market was valued at USD 21.72 billion

Enterprise Governance, Risk & Compliance (eGRC) Market is expected to grow at a CAGR of 13.2% during the forecast period (2019 – 2026).

Software Enterprise Governance, Risk & Compliance (eGRC) segment is expected to be the leading segment in Enterprise Governance, Risk & Compliance (eGRC) Market during the forecast period.

The growing complexity of security & risk management functions and Mandatory regulatory & compliance policies will drive the growth of the Enterprise Governance, Risk & Compliance (eGRC) Market.

IBM Corporation, SAP SE, Bwise, MetricStream Inc., and Oracle are the top players in Enterprise Governance, Risk & Compliance (eGRC), Market.

Asia Pacific is expected to exhibhi the highest CAGR in the Enterprise Governance, Risk & Compliance (eGRC), Market.

BFSI and healthcare are expected to drive market growth by adopting eGRC solutions during during the forecast period.

Renewed focus on financial risk, operational risk, stress testing, model risk & security parameters and the emergence of third-party risk management to ensure that third parties do not present unacceptable compliance and these risk are the trends of Enterprise Governance, Risk & Compliance (eGRC).

Enterprise Governance, Risk and Compliance (eGRC) Market Size, Share and Global Industry Trend Forecast till 2026
  • Sep, 2019
  • 2018
  • 2015-2017
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  • 4850

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