eGRC Market Size, Share, Growth Analysis, By Offering(Solutions [Risk Management (Operational Risk Management, Financial Risk Management, Third-Party/Vendor Risk Management, Incident and Crisis Management)), By Solution Usage(Internal, External), By Deployment Mode(On-Premises, Cloud), By Organization Size(Large Enterprises, SMEs), By Business Function(Finance, IT, Legal, Operations), By Vertical(BFSI, Telecommunication, Energy & Utilities, Government), By Region - Industry Forecast 2024-2031

North America is estimated to secure the top spot in the global eGRC market. Rapid adoption of advanced technologies, presence of multiple multinational organizations, and the need for compliance with strict regulations allows it to become the top market for eGRC companies around the world. Rising risk of cyberattacks and data breaches is also expected to promote the demand for eGRC in this region. Canada and the United States are estimated to emerge as the most opportune markets for eGRC market players in the North American region. Presence of leading eGRC companies will also contribute to the dominance of this region in the future.  

Rapid digital transformation and increasing awareness regarding the benefits of eGRC adoption help Asia Pacific region emerge as the fastest-growing market in the world. Imposition of stringent regulations and growing complexity of regulatory frameworks are slated to create an opportune setting for eGRC companies as organizations focus on improving compliance. The presence of robust start-up ecosystem in this region will also create new opportunities for all eGRC providers going forward. China, India, and Japan are slated to be the most rewarding markets for all eGRC companies operating in the Asia Pacific region going forward. Supportive government initiatives to promote economic development will further bolster market growth in this region.