Governance, risk, and compliance (GRC) refers to an organization-synchronized strategy for managing extensive issues of corporate compliance with regards to regulatory requirements, corporate governance, and enterprise risk management (ERM). It is a unified collection of capabilities, which enables organizations to reliably achieve objectives and act with integrity. GRC provides different strategies for managing an organization's overall governance, compliance with regulations, and enterprise risk management. The major components of GRC software include IT policy management, IT risk management, compliance management, incident management, threat & vulnerability management, and vendor risk management.
Increase in risk of data breach in enterprises and implementation of stringent government regulations toward business risks prevention are some of the major factors, which drive the growth of the eGRC market. In addition, surge in penetration of IoT technology and rise in adoption of compliance & risk management software in financial institutions fuel the growth of the market. However, high cost of the software, complexities involved in installation & configuration of it, and associated security issues hamper the market growth. Conversely, rise in demand form developing economies and integration of artificial intelligence in risk & compliance management software are expected to provide remunerative opportunities for market expansion during the forecast period.
Major Key Players of the eGRC Market are:IBM Corporation, Lockpath, LogicManager, MetricStream, Microsoft Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, RSA Security LLC, and Thomson Reuters.
Read More @ https://www.openpr.com/news/2018445/egrc-market-growth-trends-opportunities-and-forecast-to-2026
Increase in risk of data breach in enterprises and implementation of stringent government regulations toward business risks prevention are some of the major factors, which drive the growth of the eGRC market. In addition, surge in penetration of IoT technology and rise in adoption of compliance & risk management software in financial institutions fuel the growth of the market. However, high cost of the software, complexities involved in installation & configuration of it, and associated security issues hamper the market growth. Conversely, rise in demand form developing economies and integration of artificial intelligence in risk & compliance management software are expected to provide remunerative opportunities for market expansion during the forecast period.
Major Key Players of the eGRC Market are:IBM Corporation, Lockpath, LogicManager, MetricStream, Microsoft Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, RSA Security LLC, and Thomson Reuters.
Read More @ https://www.openpr.com/news/2018445/egrc-market-growth-trends-opportunities-and-forecast-to-2026
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