The enterprise governance, risk, and compliance (eGRC) market is expected to register a CAGR of 12.5% in the forecast period (2021 – 2026).
Organizations operate in a complex and highly dynamic global environment. Hence, managing risk and compliance due to the impact of the changes around is one of the biggest challenges that an organization faces.
Enterprise GRC helps organizations anticipate, understand, and holistically manage their risks. As a result, organizations can balance risks and opportunities, make strategic decisions effectively, and respond efficiently to the changes occurring within and outside the enterprise.
Implementation of stringent regulations and mandates by the government across various end-user verticals has increased the need to adopt eGRC solutions that fulfill the need for compliance, audit, and risk management, etc. Around 57% of senior-level executives rank “risk and compliance” as one of the top two risk categories they feel least prepared to address.
Moreover, the rising threats amongst organizations owing to digitalization and sharing of vast data across the globe have led to different forms of cyber threats and attacks. Hence,…
