eGRC Market 2020- Impact of COVID-19, Future Growth Analysis and Challenges | IBM, Lockpath, LogicManager, MetricStream, Microsoft

eGRC stands for Enterprise governance, risk, and compliance. eGRC is a planned discipline that focuses on organizations to identify and protect against relevant risks and enhance their operations. eGRC helps businesses in rationalizing control, cost reduction, and identify operational inefficiencies. In other terms, eGRC assimilates data, controls, and policies and develops the results in a strategically visible manner. Moreover, the rise in the adoption of eGRC software in financial institutions and the surge in penetration of the internet of things technology fuel the growth of the eGRC market.

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The Major Market Player Included in This Report are:
- IBM Corporation
- Lockpath Inc.
- LogicManager, Inc.
- MetricStream Inc.
- Microsoft Corporation
- Oracle Corporation
- RSA Security LLC
- SAP SE
- SAS Institute Inc.
- Thomson Reuters

The surge in need for this software by various banks for managing money laundering, foreign exchange risk, terrorist financing, and interest rate risk are some of the significant factors driving the growth of the eGRC market. However, security issues associated with it, complexity in installation & configuration and high cost of eGRC software are some of the major factors which may hamper the growth of the eGRC market. The manufacturing sector is anticipated to grow at the highest rate during the forecast period due to the upsurge in demand for eGRC software due to rise in supply chain risk, fraud & bribery, intellectual property risk, and reputational risk in manufacturing industries

The "Global eGRC Market Analysis to 2027" is a specialized and in-depth study of the eGRC market with a special focus on the global market trend analysis. The report aims to provide an overview of eGRC market with detailed market segmentation by components, deployment, enterprise size, business function, verticals. The global eGRC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading eGRC market players and offers key trends and opportunities in the eGRC market.

The global eGRC market is segmented on the basis of components, deployment, enterprise size, business function, verticals. On the basis of components, the market is segmented as software, services. On the basis of deployment, the market is segmented as cloud, on-premises. On the basis of enterprise size, the market is segmented as small and medium-sized businesses (SMBs), enterprises. On the basis of business function, the market is segmented as finance, information technology, legal, operations. On the basis of verticals, the market is segmented as BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, government and defense, others

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global eGRC market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The eGRC market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting eGRC market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the EGRC Market in these regions.

The reports cover key developments in the eGRC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from eGRC market are anticipated to lucrative growth opportunities in the future with the rising demand for eGRC market. Below mentioned is the list of few companies engaged in the eGRC market.

The report also includes the profiles of key eGRC market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

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Major Features of eGRC Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global eGRC market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global EGRC market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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