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The eGRC market was valued at $37,187.0 Million in 2022, and is projected to reach $128,274.4 Million by 2032 growing at a CAGR of 13.24% from 2023 to 2032.eGRC, or electronic Governance, Risk, and Compliance, refers to the use of technology to manage an organization's governance, risk management, and compliance processes. There are several factors that are driving the growth of the eGRC market: Increasing regulatory requirements: There are a growing number of regulations that organizations must comply with, and eGRC solutions can help companies meet these requirements more efficiently. Rising cyber threats: Cybersecurity risks have increased in recent years, and eGRC solutions can help organizations manage and mitigate these risks. Growing focus on risk management: Organizations are increasingly recognizing the importance of managing risks, and eGRC solutions can help them do so more effectively. Increasing adoption of cloud-based technologies: Cloud-based eGRC solutions are becoming more popular because they are easier to implement and maintain than on-premises solutions. There are several major companies in the eGRC market, including: SAP: SAP is a multinational software corporation that offers a range of eGRC solutions, including SAP Governance, Risk, and Compliance (GRC). IBM: IBM offers a range of eGRC solutions through its IBM Security division, including IBM Security Governance, Risk, and Compliance (GRC). Oracle: Oracle offers a range of eGRC solutions, including Oracle Governance, Risk, and Compliance (GRC). EY: EY, formerly known as Ernst & Young, offers eGRC consulting services to help organizations implement and manage their eGRC systems. Deloitte: Deloitte offers eGRC consulting services and has developed its own eGRC platform, called Deloitte GRC Platform. These companies have continued to develop and improve their eGRC solutions in recent years. For example, SAP has added artificial intelligence and machine learning capabilities to its SAP GRC platform, while IBM has released a new version of its IBM Security GRC platform that includes enhanced risk analytics and reporting capabilities. Oracle has also released updates to its Oracle GRC platform, including improved integration with other systems and enhanced risk assessment capabilities.