ID: MRFR/ICT/2588-HCR | February 2021 | Region: Global | 100 pages
E-governance refers as an enterprise solution that are utilized to cover the organizational approach across various sectors that includes Governance, Risk Management and compliance. It is a combination of processes that are executed and established by the top management. These solutions are implemented in the form of compliance to adhere the company’s policies, procedures, and regulations. Moreover, the e-governance is a complex and innovative approach that deals with a concerns related to corporate governance, risk management and compliance issues.
The key driver responsible for the emergence of e-governance as a business imperative in the organization is a growing demand for corporate governance, regulatory requirements and compliance. Increasing use of data, the growing business collaborations, and the government regulations and compliance mandates is also fueling the global market of e-governance market.
Global E-Governance Market is expected to grow from USD 20.82 Billion in 2019 to USD 45.76 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12%.
Study Objectives of the E-governance Market
The prominent players in the E-governance Market are –EMC Corporation (US), Oracle Corporation (US), SAP SE (Germany), Microsoft Corporation (US), Wolters Kluwer N.V (Netherlands), MetricStream Inc. (US), SAS Institute Inc. (US), IBM Corporation (US), Fidelity National Information Services Inc. (US), Thomson and Reuters Corporation (US), among others.
Global E-Governance Market has been segmented on the basis of Component, Solutions, Deployment Type, End Users and Region.
E-governance Market by Component
E-governance Market by Solutions:
E-governance Market by Deployment Type:
E-governance Market by End Users:
E-governance Market by Region:
The regional analysis of E-governance Market is being studied for region such as Asia pacific, North America, U.K, Europe and Rest of the World. Oracle Corporation (US), is leading in this market, where, Oracle Fusion Governance, Risk, and Compliance (GRC), facilitates a complete enterprise GRC platform for the customer convenience. Along with this some of the other company including SAP SE (Germany), Microsoft Corporation (US), have already implemented this kind of platform. The SAP SE has initiated to changes in business economy, governance regulations, risk, and compliance (GRC) that strengthen the business. These companies also automate the e-governance functions that synchronize with the existing processes.
Frequently Asked Questions (FAQ) :
E-governance is an enterprise solution that helps cover the organizational approach across different sectors like Risk Management, compliance and Governance.
The market size in 2019 was USD 20.82 Billion.
Surging demand for corporate governance, regulatory requirements as well as compliance benefits the market. In addition, rising use of data coupled with the increasing number of business collaborations also propel the market growth across the globe.
Audit Management, Compliance management, Financial controls management, Policy Management and others are the primary solutions as per which the market has been covered in the report.
IBM Corporation (US), SAP SE (Germany), Microsoft Corporation (US), Thomson and Reuters Corporation (US), EMC Corporation (US), SAS Institute Inc. (US), Fidelity National Information Services Inc. (US), Wolters Kluwer N.V (Netherlands), Oracle Corporation (US), Metric Stream Inc. (US), are the companies that are at the vanguard of the global market.