Enterprise Governance, Risk And Compliance Market To Reach $134.86 Billion By 2030

Enterprise Governance, Risk And Compliance Market Growth & Trends

The global enterprise governance, risk and compliance market size is projected to reach USD 134.86 billion by 2030, registering a CAGR of 13.2% from 2025 to 2030, according to a new study by Grand View Research Inc. GRC and eGRC help businesses by implicating policies and procedures for mitigating risks and adopting a better workflow. Enterprise governance and risk compliance (eGRC) regulate organizations by identifying, controlling, and monitoring risks and hazards which might occur in the critical business environment. Enterprise governance risk and observations ensure that the company adheres to strict norms and maintains the standards for complete growth and prosperity.

Enterprise governance risk & compliance plays a critical role in businesses in multiple industries; however, the government authorities' stringent regulations are increasing, resulting in increased demand for eGRC. The compliances are formulated to ensure drives work with accountability and take crucial measures for overcoming risk. The future of any business depends on how actively companies understand the internal and external factors to make decisions with the help of eGRC guidelines. The increase in data breaches across industries has escalated information security. The development of sectors that perform complex transactions has driven the adoption of eGRC, which is essential for market growth.

The software segment of the eGRC market by component is expected to occupy the largest share in 2022 and is anticipated to maintain its dominance over the forecast period. Implementing enterprise governance risk and compliance software helps businesses enhance performance, gain visibility, and minimize risk and compliance costs. The services segment is expected to have a significant CAGR during the forecast period 2023-2030, attributed to the evolution of advisory, software-as-service solutions, and integration, resulting in improved performance and implementation.

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Enterprise Governance, Risk And Compliance Market Report Highlights

• The software segment dominated the market and accounted for a revenue share of nearly 65.0% in 2024. Cloud adoption is a significant factor accelerating the growth of the eGRC software market.

• The risk management segment accounted for the largest revenue share of nearly 25.0% in 2024. Organizations are more aware of the need to address operational risks, such as fraud, supply chain disruptions, and internal process inefficiencies.

• The consulting segment accounted for the largest revenue share of over 38.0% in 2024. As companies increasingly turn to automation to streamline their eGRC operations, consulting services are in demand to advise on the integration of automated compliance and risk management tools.

• The ESG segment accounted for a largest revenue share of over 30.0% in 2024. As stakeholders, including investors, customers, and employees, place greater emphasis on sustainability, businesses are increasingly expected to adopt environmentally responsible practices.

• The large enterprises segment accounted for the largest revenue share of nearly 68.0% in 2024. As large enterprises expand into new global markets, they encounter a more diverse and complex set of regulatory and compliance requirements.

• The BFSI segment accounted for a largest revenue share of over 20.0% in 2024. Financial institutions face various types of risks, including credit risk, market risk, operational risk, liquidity risk, and cybersecurity threats.

• The enterprise governance, risk and compliance market in North America held the largest revenue share of over 34.0% in 2024.

Enterprise Governance, Risk And Compliance Market Segmentation

Grand View Research has segmented the global enterprise governance, risk and compliance market size on the basis of component, software, services, application, organization size, vertical, and region:

Enterprise Governance, Risk And Compliance Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Software

• Services

Enterprise Governance, Risk And Compliance Software Outlook (Revenue, USD Billion, 2018 - 2030)

• Audit Management

• Compliance Management

• Risk Management

• Policy Management

• Incident Management

• Others

Enterprise Governance, Risk And Compliance Services Outlook (Revenue, USD Billion, 2018 - 2030)

• Integration

• Consulting

• Support

Enterprise Governance, Risk And Compliance Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Director Board

• EHS

• ESG

• Legal Services

• Others

• Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

  • Small & Medium Enterprise

  • Large Enterprise

Enterprise Governance, Risk And Compliance Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Construction & Engineering

• Energy & Utilities

• Government

• Healthcare

• Manufacturing

• Retail & consumer goods

• Telecom & IT

• Transportation & Logistics

• Others

Enterprise Governance, Risk And Compliance Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players of Enterprise Governance, Risk And Compliance Market

• FIS

• Genpact

• IBM

• Maclear Global

• MetricStream

• Microsoft

• NAVEX Global, Inc.

• Oracle

• RSA Security LLC

• SAI360 Inc.

• SAP SE

• SAS Institute Inc.

• Software GmbH

• Thomson Reuters

• Wolters Kluwer N.V.