Enterprise Governance, Risk and Compliance Market to be Worth $39.6 Billion by 2030

A recent research report by Meticulous Research®, a renowned market research firm, titled, “Enterprise Governance, Risk and Compliance Market by Component (Solutions, Services), Organization Size, Deployment Mode, Business Function (Legal & Compliance, Operation Management), Sector (Healthcare) and Geography – Global Forecast to 2030.”
As per the latest report by Meticulous Research®, the global enterprise governance, risk, and compliance market is anticipated to achieve a value of $39.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.8% between 2023 and 2030. The expansion of this market is credited to the stringent regulatory frameworks and industry standards concerning eGRC solutions, along with heightened demand for these solutions within the BFSI sector. Moreover, the incorporation of artificial intelligence (AI), machine learning (ML), and blockchain technologies into eGRC solutions, coupled with the increasing automation within this domain, are poised to present significant growth prospects for stakeholders in the enterprise governance, risk, and compliance market.
However, varied regulatory policies could impede the market's expansion. Additionally, worries regarding data privacy and security, coupled with insufficient awareness and training on eGRC solutions, are likely to hinder the market's growth.
The global enterprise governance, risk, and compliance market is divided based on various factors, including components (such as risk management solutions, regulatory & compliance solutions, audit management solutions, incident management solutions, policy management solutions, and others within solutions, and professional services, managed services within services), organization size (large enterprises, Small & Medium-sized Enterprises), deployment mode (on-premise deployments, cloud-based deployments), business function (finance & accounting, information technology, legal & compliance, operation management, human resource, and other bus

Enterprise Governance, Risk and Compliance Market to be Worth $39.6 Billion by 2030

A recent research report by Meticulous Research®, a renowned market research firm, titled, “Enterprise Governance, Risk and Compliance Market by Component (Solutions, Services), Organization Size, Deployment Mode, Business Function (Legal & Compliance, Operation Management), Sector (Healthcare) and Geography – Global Forecast to 2030.”
As per the latest report by Meticulous Research®, the global enterprise governance, risk, and compliance market is anticipated to achieve a value of $39.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.8% between 2023 and 2030. The expansion of this market is credited to the stringent regulatory frameworks and industry standards concerning eGRC solutions, along with heightened demand for these solutions within the BFSI sector. Moreover, the incorporation of artificial intelligence (AI), machine learning (ML), and blockchain technologies into eGRC solutions, coupled with the increasing automation within this domain, are poised to present significant growth prospects for stakeholders in the enterprise governance, risk, and compliance market.
However, varied regulatory policies could impede the market's expansion. Additionally, worries regarding data privacy and security, coupled with insufficient awareness and training on eGRC solutions, are likely to hinder the market's growth.
The global enterprise governance, risk, and compliance market is divided based on various factors, including components (such as risk management solutions, regulatory & compliance solutions, audit management solutions, incident management solutions, policy management solutions, and others within solutions, and professional services, managed services within services), organization size (large enterprises, Small & Medium-sized Enterprises), deployment mode (on-premise deployments, cloud-based deployments), business function (finance & accounting, information technology, legal & compliance, operation management, human resource, and other bus