The enterprise governance, risk, and compliance market, also known as the eGRC market is anticipated to register a CAGR of 12.5% during the forecasted period of 2021 – 2026 – reveals a ResearchAndMarkets study.
In this digital era, enterprises operate in a complex as well as highly dynamic global ecosystem. Thus, managing the risk and compliance due to the impact of the alterations in the market is one of the major challenges that an organization faces.
Today, an enterprise GRC helps businesses anticipate, understand, and holistically control their risks. As a result, companies can balance risks and opportunities, make strategic business decisions effectively – while responding efficiently to the drastic changes happening within and outside of an enterprise.
Implementation of the stringent regulations and government mandates across industries and end-user verticals has triggered the need to adopt eGRC solutions. Experts say this could fulfil the need for audit, compliance, and risk management.
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Nearly 57% of the surveyed senior-level executives ranked “risk and compliance” as one of their…
