The Enterprise Governance, Risk and Compliance (EGRC) Market is Predict to reach USD 142.83 Billion by 2032, at a CAGR of 12.9%

Enterprise Governance, Risk and Compliance (EGRC) Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Enterprise Governance, Risk and Compliance (EGRC) Market size is expected to reach $142.83 billion by 2032, rising at a market growth of 12.9% CAGR during the forecast period.

The Software segment captured the maximum revenue in the Global Enterprise Governance, Risk and Compliance (EGRC) Market by Component in 2024, thereby, achieving a market value of $85.6 billion by 2032. Organizations across industries are adopting GRC software solutions to streamline risk management, compliance tracking, audit processes, and regulatory reporting. The rising complexity of regulatory frameworks and the need for real-time data analysis and predictive risk assessment have fueled the demand for GRC software.

The Large Enterprises segment is experiencing a CAGR of 12.6 % during the forecast period. Large organizations operate across multiple geographies, subjecting them to complex regulatory requirements and industry-specific compliance mandates. As a result, they invest heavily in advanced GRC software and consulting services to streamline risk assessment, internal audits, policy management, and cybersecurity governance.

The ESG segment led the maximum revenue in the Global Enterprise Governance, Risk and Compliance (EGRC) Market by Application in 2024, thereby, achieving a market value of $46.0 billion by 2032. The growing emphasis on sustainable business practices, corporate transparency, and regulatory compliance drives the environmental, Social, and Governance (ESG) segment. Organizations across industries are prioritizing ESG risk management frameworks to address climate change policies, ethical business operations, and corporate governance.

The BFSI segment is growing at a CAGR of 10.4 % during the forecast period. Strict financial regulations, rising cybersecurity threats, and the need for fraud detection and risk management drive the BFSI segment. Financial firms must follow regulatory frameworks, including Basel III, the Sarbanes-Oxley Act (SOX), anti-money laundering (AML), and know-your-customer (KYC) procedures to maintain compliance and stop financial crimes.

Full Report: https://www.kbvresearch.com/enterprise-governance-risk-and-compliance-market/

The North America region dominated the Global Enterprise Governance, Risk and Compliance (EGRC) Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $48.1 billion by 2032. The Europe region is anticipated to grow at a CAGR of 12.5% during (2025 - 2032). Additionally, The Asia Pacific region would witness a CAGR of 13.7% during (2025 - 2032).

List of Key Companies Profiled

• IBM Corporation
• Genpact Limited
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Wolters Kluwer N.V.
• ServiceNow, Inc.
• MetricStream, Inc.
• RSA Security LLC (Symphony Technology Group)

Enterprise Governance, Risk and Compliance (EGRC) Market Report Segmentation

By Component

• Software
  • Risk Management
  • Audit Management
  • Incident Management
  • Policy Management
  • Compliance Management
  • Other Software Type
• Services
  • Integration
  • Consulting
  • Support

By Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)

By Application

• ESG
• EHS
• Legal Services
• Director Board
• Other Application

By Vertical

• BFSI
• Healthcare
• Government
• Telecom & IT
• Energy & Utilities
• Manufacturing
• Other Vertical

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports: