
Report ID: UCMIG45E2160
Report ID:
UCMIG45E2160 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global enterprise governance, risk, and compliance (EGRC) market reached a significant milestone, with a valuation of USD 47,223.0 million. This market segment is expected to exhibit robust growth over the next decade, expanding at a compound annual growth rate (CAGR) of 13.8% from 2023 to 2030. This growth projection highlights the increasing importance of EGRC solutions for businesses worldwide, as they seek to effectively manage governance, mitigate risks, and comply with regulatory requirements. As organizations continue to recognize the value of integrated EGRC platforms, the market is anticipated to witness substantial expansion, offering new opportunities for providers in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2160