The global enterprise governance, risk and compliance market size is expected to reach USD 96.98 Billion by 2028 according to a new Polaris Market Research study.
Notable factors that value market growth include the rapid increase in the emergence of digitalization and IoT in business processes with a dynamic view of government policies across the industry and manufacturing sectors. In addition, the growing need to meet stringent obligations and gain a holistic view of data to manage business operations efficiently were some important factors that accelerated the industry’s growth in the forecast years.
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Compliance management teams and risk superiors in businesses are struggling to manage this epidemic, and thus, EGRC has emerged as one of the advanced software to secure business. Moreover, the COVID-pandemic has experienced a significant shift towards digitalization in businesses, providing demand for the industry.
Market participants such as BWise, Dell EMC, Fidelity National Information Services, Inc. (FIS), FIS, IBM Corporation, Ideagen, Maclear, mega international, MetricStream, MetricStream Inc., Microsoft Corporation, Modulo Security, LLC, MPHASIS, Oracle Corporation, The RSA Security, SAS Institute Inc., SAP SE, Servicenow, Software AG, Thomson Reuters, Wolter Kluwer are some of the major players operating in the global industry.
Many manufacturers often support choosing unique marketing strategies to expand their business operations around the world. In May 2021, Refinitiv signed a partnership agreement with IBSFINtech to unveil the new InTReax, used for currency risk management, cash and liquidity management, and industry insight.
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Polaris Market Research has segmented enterprise management, market risk report and compliance on the basis of component, software, services, business type, vertical, and region:
Enterprise Management, Risk and Compliance, Share Outlook (Revenue – USD Million, 2016 – 2028)
Enterprise Management, Risk and Compliance, Outlook Software (Revenue – USD Million, 2016 – 2028)
- Audit Management
- Compliance Management
- Risk Management
- Policy Management
- Incident Management
- The others
Enterprise Management, Risk and Compliance, Outlook Services (Revenue – USD Million, 2016 – 2028)
- Integration
- Consulting
- Supports
Enterprise Management, Risk and Compliance, Vertical Outlook (Revenue – USD Million, 2016 – 2028)
- BFSI
- Construction and Engineering
- Energy and Utilities
- Government
- Taking care of your health
- Working
- Merchandise and Consumer Goods
- IT and Telecom
- Transportation and Logistics
- The others
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