eGRC Market by Component, Software, Type, Business Function, Vertical, and Region - Global Forecast to 2025 - ResearchAndMarkets.com
Summary
The major factors fueling the market growth include the growing need to meet stringent compliance mandates and get a holistic view of policy, risk and compliance data, and increasing data and security breaches. Moreover, the varying structure of regulatory policies may restraint the growth of the market to a certain extent during the forecast period. The growth of the services segment is attributed to the growing need to support the adoption of eGRC solutions across industries. Hence, the demand for various services such as training, consulting, and support is expected to increase in the eGRC market. The growth of the finance segment is attributed to the growing need for improving performance, streamlining business processes, reducing costs, and enhancing profit margins.