eGRC Market Trends, Size, Segments and Growth

Jonytoal29 May, 2024Business

The eGRC Market size is projected to grow from USD 18.3 billion in 2024 to USD 34.5 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, according to a new report by MarketsandMarkets?. The adoption of eGRC is primarily driven by the need to combat cyber threats, such as data breaches, ransomware attacks, and phishing scams, which pose significant risks to organizations' data and operations. eGRC solutions integrate cybersecurity risk management into broader governance and compliance frameworks, enabling organizations to effectively identify, assess, and mitigate cyber risks.