Enterprise Governance, Risk & Compliance Market Size Poised To Reach USD 97.3 Billion By 2028
San Francisco, 16 June 2021: The Report Enterprise Governance, Risk & Compliance Market Size, Share & Trends Analysis Report By Component, By Software, By Services, By Enterprise Type, By Vertical, And Segment Forecasts, 2021 - 2028 The global enterprise governance, risk & compliance market size is expected to reach USD 97.3 billion by 2028, according to a new report by Grand View Research, Inc., recording a CAGR of 13.7% over the forecast period. The growing need to comply with regulations related to data privacy, business function, and IT infrastructure has compelled industries, such as BFSI, IT & telecom, and oil & gas, to adopt enterprise governance, risk & compliance (EGRC) solutions. For instance, the BFSI sector is required to comply with regulations that safeguard the interest of investors. Non-compliance can lead to huge monetary losses or cancellation of operating licenses. Moreover, EGRC offers a range of benefits, such as efficient management o