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Enterprise Governance, Risk and Compliance Market Worth $64.6 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, October 2, 2017 /PRNewswire/ -- The global enterprise governance, risk and compliance market is expected to reach USD 64.6 billion by 2025, according to a new report by Grand View Research, Inc. Rising complex compliance, regulator, and risk management environment in the business has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) and its implementation across compliance and risk management processes also paved the way for greater development of GRC solutions. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) The need for compliance management grew significantly owing to the advent of new regulations by government bodies across various industries. Companies that deliver GRC solutions are working with various other private corporations as well as public organizations for developing and implementing solutions to reduce the damage caused by the risks within the business. The financial sector has become more strategic and cautious, realizing the significance of identifying and mitigating the risks of doing business with corrupt and criminal entities. As a result, organizations are increasingly pursuing to invest in compliance departments. Enterprise GRC consulting was the largest service category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. It constituted with a share of about 39% in 2016. Integration services segment is expected to observe the fastest growth over the next eight years with an estimated CAGR of 13.2% from 2017 to 2025. Integrated GRC solutions helps organization in making critical connection between strong business results and compliance processes in the areas of revenue management, brand protection and reputation, customer retention and attraction, lower costs/higher profitability, asset protection, improved workforce performance, and many more. Therefore, the segment is likely to continue growing in the near future. Browse full research report with TOC on "Enterprise Governance, Risk and Compliance Market Analysis By Solution (Audit Management, Compliance Management, Risk Management, Policy Management, Incident Management), By Service, By Enterprise Type, By Vertical, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/enterprise-governance-risk-compliance-egrc-market Further key findings from the report suggest:
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Grand View Research has segmented the global enterprise governance, risk and compliance market on the basis of solution, services, enterprise type, vertical type, and region:
Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/technology About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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