eGRC Market By Component Type (Software, and Services), Software (Audit Management, Risk Management, Compliance Management, Incident Management, Policy Management, and  Others), Service (Integration, Consulting, and Support), Type (Small and Medium Enterprise (SME), and Large Enterprise), Application (BFSI, Government, Construction & Engineering, Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare, Retail & Consumer Goods, Telecom & IT, and Others), and Geography

eGRC Market size is expected to be valued at USD 33.675.2 million in 2022 and is poised to grow at a significant CAGR of 13.2% over 2022–2028. Enterprise Governance and risk compliances regulate and control an organization, and establishments by monitoring risk management, controlling risk, and identifying risk hazards that might happen in the business environment. The significant growth of the digital era is playing a crucial role in the eGRC market growth , and the rapid increase of electronic communication infrastructures such as via smartphones, tablets, and cameras has considerably increased the exchange of private data internally and externally for several business purposes. The rising growth in data worldwide has given chance to improve analytical and digital tools, as well as EGRC software. Moreover, these factors boost the eGRC market demand of the eGRC market globally in the current time as well as in the upcoming years. The use of mobile devices, BYOD, and other connected devices to access various applications increases susceptibility to cyberattacks. Thus, eGRC solution vendors and providers are expanding their regional presence. During the COVID-19 pandemic, the world widens lockdown has increased the market width of digital technologies. Several users have moved towards remote work, consumers shifted to an online platform for purchase, and businesses have ongoing using online platforms to sell products and services. After the pandemic, the adoption of digital technologies increased further. This increased digitalization in developing countries has contributed to the adoption of eGRC services and paved a path to expand the market globally over the forecasted period. Various industries across the globe started opting for eGRC solutions to meet requirements related to an internal audit, compliance, third-party risk management, and anti-money laundering is further propelling the market growth.