Global 3D Bioprinting Market Size, Share to grow at CAGR of 16.7% during the forecast to 2032

The global 3D bio printing market was valued at $1.78 billion in 2021 and it is expected to reach $10.3 billion at a CAGR of 16.7% between 2022 and 2032.  The market research report consists of an analysis, size, price trends, share, and growth rate, market segmentation, forecast for the emerging markets, company profiles, and sales statistics across the region.     

According to a market report, published by Sheer Analytics and Insights, the total market was valued at $1.78 billion in 2021 and it is expected to reach $10.3 billion at a CAGR of 16.7% through the forecast period. 3D bioprinting is gaining popularity currently due to its rising usage in life science sector. For example, the pharmaceutical and cosmetology industries are two major industries that are adopting 3D bioprinting, which has driven the market with significant share over the past few years.

In addition, some private and public investments are supporting this 3D bioprinting market globally. This kind of investment is associated with R&D activities, which would propel the market growth in the upcoming years. Moreover, over the past two and a half years, COVID-19 has impacted this market positively. The usage and adoption of 3D bioprinting have grown and it also gained several growth opportunities as it became an essential technology during the pandemic. 3D bio printing’s accessibility and rapid prototyping capabilities allowed in-house fabrication of high demand for PPE and other medical services. A large number of people from multiple end-user industries globally shared and exchanged design concepts and several protocols to create protective, healthcare, and diagnostic devices. 

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Moreover, in various nations, the government has supported the 3D bioprinting market with lot of investments in the healthcare sector, which are also expected to accelerate the growth of the market in countries such as the U.S, Canada, and Mexico among others. The innovation of 3D bioprinting is widely used in several other industries including healthcare, construction, and automotive, among other manufacturing industries. Even human cells, plastics, and metals are being used as essential materials to print components of these industries which are mentioned above. These major factors are estimated to propel the growth of the market during the forecast period. This would also create more growth opportunities for 3D bioprinting companies across the globe. 

Currently, multiple 3D bioprinting companies are focusing on producing artificial tissues with new scientific developments. This artificial tissue would help in preventing infection in the human body. Additionally, by the process of 3D bioprinting healthcare department could cure any kinds of tissue injuries of the patient. This method is called the mucociliary elevator. However, there are a few things such as high level of production costs, and lack of skilled professionals with elevated development is estimated to restrain the growth of the market in several nations across the globe. Additionally, the market has been facing other challenges. For instance, the usage of synthetic materials such as noxious degradation products for 3D bioprinting is hampering the market.                                                                                      

In 2022, a U.S-based Company named Corning launched a brand new bioprinter that would solve the bio fabrication challenges. In the same year, Finland-based bioprinting firm Printer launched the world’s first multi-material, multi-fluidic bio printing printhead. The company has also launched an entry-level model called the Printer Core. They have designed to make bioprinting as accessible as possible. Similarly, manufacturers such as UpNano have entered the bioprinting sector and this company has launched its own NanoOne Bio System.

Moreover, in 2021, Cellink launched the BIO MDX Series which is designed for high throughput Bio fabrication and precise 3D bioprinting. This is a next-generation bioprinter, and this launch further illustrates our commitment to the bio convergence revolution by bringing forward new technologies to solve the most pressing challenge in the life sciences.         

According to the study, key players such as 3D Bioprinting  Solutions (Russia), Aspect Bio systems (Canada), Allevi Inc (U.S), BICO (U.S), CollPlant Biotechnologies (Israel), Corning Incorporated (U.S), Cyfuse Bio Medical K.K (Japan), Desktop Metal (U.S), GeSiM mbH (Germany), Inventia Life Science (Australia), Manchester Biogel (U.K), Organovo Holdings (U.S), Prellis (U.S), Precise Bio (U.S), Pandorum Technologies (India), regenHU (Switzerland), ROKIT Healthcare (South Korea), Regemat 3D S.L (Spain), SunP Biotech (U.S), Tissue Regeneration Systems Inc (U.S), Vivax Bio (Russia), among others are leading the global 3D bioprinting market.      

The Global 3D Bioprinting Market Has Been Segmented Into:

The Global 3D Bioprinting Market – by Technology:  

• Magnetic Levitation
• Inkjet-Based
• Syringe-Based
• Laser-Based
• And Others

The Global 3D Bioprinting Market – by Application Type:

• Healthcare
• Food and Animal Product
• Biosensors
• Consumer Product Testing
• Bioinks
• Others

The Global 3D Bioprinting Market – by Regions:         

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

 LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA

 

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Cell Analysis Market Size, Growth is Expected to Reach $48.3 billion by 2032

According to a market report, published by Sheer Analytics and Insights, the  global cell analysis market was valued at $16.5 billion in 2021 and it is expected to reach $48.3 billion at a CAGR of 10.1%between 2022 and 2032

The rising adoption of cell-based assays in drug discovery and increasing investments in cell-based research activities help the growth of the cell analysis market across the globe. Additionally, multiple growth opportunities such as expanding cell-based applications for different medical processes and procedures and increasing focus on genetics by developed economics further boosts the market growth. However, in developing nations, the high price of advanced cell-analysis instruments along with the limitations on the use of reagents is expected to act as a restraint in long term.

On the other hand, chronic ailments are increasing in mostly all nations, and incidences of cancer as well as other chronic diseases are growing. “According to the American Cancer Society journal, CA: A Cancer Journal for Clinicians. The Facts & Figures, published in 2022, there are 1.9 million cases diagnosed in 2022 in the U.S.” While, as per GLOBOCAN 2020 estimation there were 19.2 million cancer cases and 9.9 million cancer deaths globally in 2020, which is nearly 50% of the overall cases. This growth in terms of cancer death has spurred a great demand for cell analysis for proper treatment.

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Hence, the global cell analysis market has been driven by the development of healthcare facilities and rising cases of cancer as well as other chronic diseases. These major factors are also expected to accelerate the market throughout the forecast period.

Mostly all types of labs are using the latest cell-based assays instead of traditional procedures of drug safety assessment. Modern cell analysis has the advantages of animal models as well as cell cultures. This method can enable researchers to enhance the efficacy of lead identification in previous screening. Along with this, the technologies are becoming advanced with the integration of artificial intelligence, which can produce innovative products which are increasing in hospitals, diagnostic centers, and more. In 2022, many companies such as Agilent Technologies, Taiwan-based firm Ahead, Atlas Genomics and Koneska providing these types of integrated solutions.

Hence, these factors are anticipated to drive the market positively. Governments are also investing in the life sciences sector which is good for the major players across several nations.  According to sources from the Australian government, it had initiated to invest of US$25 million in stem cell research under their Government’s Medical Research Future Fund (MRFF) in 2021-22 and planned to invest $150 million to support world-leading stem cell research in coming 10 years. This investment is expected to boost the demand for cell analysis products in the Oceania region.                                                      

Presently single-cell sequencing technology is expected to grow at a CAGR of more than 25% during the forecast period. Single-cell sequencing technologies can detect individual immune cells. Hence, it can distinguish different groups of immune cells as well as discover new immune cell populations and their relationships. Therefore, this helps to understand the complex immune system and propose new targets for disease treatment. Additionally, single-cell analysis is usually used for the study of cell-to-cell variation within a cell population such as organ, tissue, and cell culture. These major benefits and advantages are estimated to boost the market growth.

Some developments in the cell analysis market:                                                                    

• In 2022, 10x Genomics launched two new products for single-cell analysis. The company focuses on mastering biology to advance human health treatments and create new products which are designed to improve sample preparation workflow and broaden the adoption of the company’s leading chromium platform.
• In 2022, Ozette received $26 Million in Series A Funding for AI-Powered Single-Cell Immune Discovery Technology that Accelerates Therapeutics Across Research and Development
• IN 2022, Sampling Human, a life science technology company that developed a diagnostic platform that can fetch genetically engineered cells for analyzing other cells in their environment, has raised $2 million, led by the venture capital firm i&i Biotech Fund (i&i Bio).
• In 2021, Beckman Coulter a subsidiary of Danaher Corporation launched the CytoFlex SRT Benchtop Sorter. It features expanded laser and color options for use in laboratories of all sizes.

According to the study, key players such as 10x Genomics (U.S), Agilent Technologies (U.S), BioStatus Limited (U.K), BICO (U.S), Bio-Rad Laboratories (U.S), Becton Dickinson (U.S), Corning Incorporated (U.S), Cell Biolabs (China), Creative Bioarray (U.S), Danaher Corporation (U.S), Fluidigm Corporation (U.S), General Electric (U.S), Merck Group (Germany), Meiji Techno (U.S), Miltenyi Biotec (Germany), NanoCollect Biomedical (U.S), Olympus Corporation (Japan), PerkinElmer (U.S), Promega Corporation (U.S), QIAGEN (Germany), Thermo Fisher Scientific (U.S), Tecan (Switzerland), among others are leading the global cell analysis market. 

The Global Cell Analysis Market Has Been Segmented Into:

The Global Cell Analysis Market – by Product:

• Consumables
• Instruments
• Flow Cytometers
• Cell Counters
• High Content Screening System
• Cell Microarrays
• And Others

The Global Cell Analysis Market – by Application Type:

• Cell Identification
• Cell Viability
• Cell Signaling Pathway
• Cell Counting and Quality Control
• Single-Cell Analysis
• Others

The Global Cell Analysis Market – by End-User:

• Medical Sectors
• Contract Research Organizations
• Laboratories
• Cell Culture Collection Repositories
• Others

The Global Cell Analysis Market – by Regions:

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA

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Central and Western Europe eGRC Market Size, Share, to Reach $26.1 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The Central and Western Europe eGRC market was valued at $8.2 billion in 2021 and it is expected to reach $26.1 billion at a CAGR of 11.1% between 2022 and 2032. In Central and Western Europe, the eGRC system is widely used in various enterprises and organizations. Factors such as the increasing need to fulfill strict compliance mandates and comprehensive need for policies and guidelines, risk-related data, and security breaches are rising among multiple organizations which would give benefit their customers and clients. Furthermore, in present days, technologies are becoming modern. Hence, these advanced technologies such as artificial intelligence, machine learning, data analytics, and blockchain technologies associated with governance risk compliance solutions are estimated to provide growth opportunities for eGRC vendors across the Central and Western Europe region. Business professionals such as audit, risk, and compliance are expected to gain more opportunities to enhance their eGRC solutions for maintaining smooth workflow. Therefore, these major factors are projected to boost the eGRC market growth during the forecast period from 2022 to 2032. Moreover, the rising need to analyze data and information to identify any cyber threat or risks as well as to present it to stakeholders at the correct moment is also very important.       

However, the need to automate and streamline GRC organizational programs is growing which has helped the eGRC market to have significant growth. Enterprise and organizations in Central and Western Europe are adopting GRC software and solutions which is expected to increase due to the growing need to evaluate regulatory demands, policies, and commitments. Additionally, multiple organizations are focusing on gaining actionable ideas by using eGRC solutions which are incorporated with business intelligence and instruments, analytics, and machine learning technology that would maintain the workflow by preventing various organizational hazards. The central and western parts of Europe hold the largest GRC market across the whole Europe region. Key players are focusing on implanting new business strategies to stay ahead in the competitive market in the region. Thus, the growth of the market is anticipated to witness gain significant share in upcoming years.

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Currently, regulatory guidelines have been changing in the eGRC market. This has enabled multiple enterprises located in some developed countries such as the U.K, Germany, and France to focus their shift on implementing better eGRC solutions. In addition, most of the countries across Central and Western Europe are trying to follow the safety standards of Network Information Service and General Data Protection Regulation for confidential data, information, and security. In these developed countries, various enterprises and organizations are trying to invest more to adopt new technologies. This would help them to focus on automation solutions and reduce multiple errors and financial thefts. Therefore, these new advantages of modern technologies will help the eGRC market in Central and Western Europe. 

According to the study, key players dominating the Central and western Europe eGRC market are Alyne GmbH (Germany), Dell EMC (U.S), Dell Technologies Inc (U.S), FIS Corporation (U.S), IBM (U.S), Intertek (U.K), Ideagen (U.K), LexComply (India), Logicmanager Inc (U.S), Microsoft Corporation (U.S), Mphasis (India), MetricStream (U.S), MEGA International (France), Navex Global Inc (U.S), Oracle Corporation (U.S), Quantivate (U.S), Riskonnect Inc (U.S), Robert Half (U.S), StandardFusion (Canada), ServiceNow (U.S), Symphony Technology Group (U.S), SAS Institute (U.S), SAP SE (Germanay), The Woodbridge Company (Canada), Wise Company (U.K), Wolters Kluwer (Netherlands), among others.   

Central and Western Europe eGRC Market Has Been Segmented Into:

Central and Western Europe eGRC Market –by Component:

• Software
• Services
• Risk Management
• Audit Management
• Incident Management
• Support and Maintenance
• Others

Central and Western Europe eGRC Market – by Organization Type:

• Small and Medium Enterprises
• Large Enterprises

Central and Western Europe eGRC Market – by Deployment Mode:

• Cloud
• On-Premises

Central and Western Europe eGRC Market – by End-User Type:

• BFSI
• Healthcare
• Retail and Consumer Goods
• IT and Telecom
• Government and Public Sector
• Manufacturing
• Others

Central and Western Europe eGRC Market – by Regions:

Central and Western Europe

• Germany
• Poland
• Czech Republic
• Austria
• France
• Ireland
• Belgium
• Others

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Oceania eGRC Market Size, Growth to Reach $7.9 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The Oceania eGRC market was valued at $2.3 billion in 2021 and it is expected to reach $7.9 billion at a CAGR of 11.3% between 2022 and 2032. In Oceania, eGRC plays an important role in multiple organizations and companies. Managing regulatory risk is becoming dangerous to organizations to manage and integrate IT processes that are subject to the regulatory framework. Furthermore, big data analytics is paving the way for artificial-intelligence-enabled services and solutions associated with eGRC. There are some rising factors such as policy, compliance, risk-related data, and growing data and security breaches that have driven the eGRC market in Oceania in the last few years. Additionally, technologies are becoming advanced in modern days; therefore, the adoption of artificial intelligence, machine learning, data analytics, and more have been increasing in demand which would drive the growth of the eGRC market in the upcoming future. Moreover, blockchain technologies with governance, risk, and compliance are estimated to witness a significant boost which would benefit the Oceania eGRC market. Demands for eGRC solutions are growing in security, data privacy, external reporting obligations, stakeholder transparency stringent regulatory norms, which are projected to boost the market during the forecast period.                          

eGRC provides solutions and services for various enterprises to achieve many goals through the automation of workflow while assuring that is adherence to policy guidelines and government regulations. With rising complexities nearby stringent regulatory policies and changing external reporting obligations, business atmosphere, and security needs, more businesses across Oceania are seeking unprecedented requirements for eGRC at an organization and enterprise level. In addition, more companies in this region are focusing on adopting GRC solutions with advanced technologies and services to achieve business goals and strategies. Hence, the usage of eGRC solutions can decrease the overall financial risks and helps in maintaining the brand image of various companies. Therefore, these factors are anticipated to boost the eGRC market growth during the forecast period from 2022 to 2032. 

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The major challenge is the lack of specific standards which is restraining the growth of the eGRC market. These headwinds are estimated to create a challenge for the various service providers associated with eGRC that are willing to serve multiple end-users requirements. However, in Oceania, companies are adopting eGRC solutions to decrease the monetary losses. Hence, the adoption of IoT services, big data analytics, and cloud technologies are estimated to propel the growth of the eGRC market across the region in upcoming years. Additionally, key players are focusing on developing and expanding their business across other parts of Oceania. They are implementing new business strategies by integrating and adopting advanced technologies to get benefit from eGRC solutions.

According to the study, key players dominating the Oceania eGRC market are Alyne GmbH (Germany), Dell EMC (U.S), Dell Technologies Inc (U.S), FIS Corporation (U.S), IBM (U.S), Intertek (U.K), Ideagen (U.K), LexComply (India), Logicmanager Inc (U.S), Microsoft Corporation (U.S), Mphasis (India), MetricStream (U.S), MEGA International (France), Navex Global Inc (U.S), Oracle Corporation (U.S), Quantivate (U.S), Riskonnect Inc (U.S), Robert Half (U.S), StandardFusion (Canada), ServiceNow (U.S), Symphony Technology Group (U.S), SAS Institute (U.S), SAP SE (Germanay), The Woodbridge Company (Canada), Wise Company (U.K), Wolters Kluwer (Netherlands), among others.

Oceania eGRC Market Has Been Segmented Into:

Oceania eGRC Market –by Component:

• Software
• Services
• Risk Management
• Audit Management
• Incident Management
• Support and Maintenance
• Others

Oceania eGRC Market – by Organization Type:

• Small and Medium Enterprises
• Large Enterprises

Oceania eGRC Market – by Deployment Mode:

• Cloud
• On-Premises

Oceania eGRC Market – by End-User Type:

• BFSI
• Healthcare
• Retail and Consumer Goods
• IT and Telecom
• Government and Public Sector
• Manufacturing
• Others

Oceania eGRC Market – by Regions:

Oceania

• New Zealand
• Australia
• Fiji
• Samoa
• Others

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Japan eGRC Market Size, Growth is Expected to Reach $8.8 billionby 2032

According to a market report, published by Sheer Analytics and Insights, The Japan eGRC market was valued at $4.2 billion in 2021 and it is expected to reach $8.8 billion at a CAGR of 6.7% between 2022 and 2032. In Japan, eGRC creates various policies, procedures, regulatory controls, risk assessment, risk monitoring, and internal controls which would benefit employees across various enterprises. There are some major factors such as the increasing integration of advanced technologies such as artificial intelligence, machine learning, data analytics, and more as well as the growing need for policies, risk, and compliances that have driven the Japanese market over the last few years. A couple of years ago, during the COVID-19 pandemic, various business organizations across the country tackled the situation by adopting and using enterprise governance risk and compliances. Hence, these business organizations are using the potentiality of their risk teams by investing in risk technology. Japanese key players focus on approaches that can react very fast to the latest and advanced developments. The government of this country is focusing on creating rules and regulations to assure compliance with containing the virus. Hence, these factors have driven the Japan eGRC market over the last few years and are expected to drive the market during the forecast period from 2022 to 2032.  

Moreover, the demand for eGRC solution and services are increasing due to the rising complex regulatory environment that needs to comply with multiple regulations enacted by the governing bodies. Several companies across Japan are focusing on operating for leading the fastest market growth more efficiently. These companies are dominating the Japanese market by spreading advertisements associated with eGRC, reducing the associated prices, delivering better communication and services to their customers, and more. Companies are also focusing on employing the new generation workforce and studying the business strategies of other companies to stay ahead in the competitive market. These rising factors are estimated to drive the growth of the eGRC market across Japan in upcoming years. Additionally, the market would gain more opportunities in enterprise governance, risk, and compliances across the country. 

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However, there might be a possibility of a fast increment in the risk of data breach among multiple Japanese enterprises. Therefore Japanese Government regulations are trying to prevent all the business threats, risks, cyber-attack, and financial fraud cases by implementing new eGRC solutions and services. Hence, this major factor is projected to boost as well as influence the eGRC market growth during the forecast period. Additionally, the rising penetration of artificial technologies and IoT services are helping the implementation of compliance and risk management software in financial technologies. However, the high-cost level of modern software installation and complexities associated with various configurations, and increasing security issues are estimated to hamper the eGRC market. 

According to the study, key players dominating the Japan eGRC market are Alyne GmbH (Germany), Dell EMC (U.S), Dell Technologies Inc (U.S), FIS Corporation (U.S), IBM (U.S), Intertek (U.K), Ideagen (U.K), LexComply (India), Logicmanager Inc (U.S), Microsoft Corporation (U.S), Mphasis (India), MetricStream (U.S), MEGA International (France), Navex Global Inc (U.S), Oracle Corporation (U.S), Quantivate (U.S), Riskonnect Inc (U.S), Robert Half (U.S), StandardFusion (Canada), ServiceNow (U.S), Symphony Technology Group (U.S), SAS Institute (U.S), SAP SE (Germanay), The Woodbridge Company (Canada), Wise Company (U.K), Wolters Kluwer (Netherlands), among others.

Japan eGRC Market Has Been Segmented Into:

Japan eGRC Market –by Component:

• Software
• Services
• Risk Management
• Audit Management
• Incident Management
• Support and Maintenance
• Others

Japan eGRC Market – by Organization Type:

• Small and Medium Enterprises
• Large Enterprises

Japan eGRC Market – by Deployment Mode:

• Cloud
• On-Premises

Japan eGRC Market – by End-User Type:

• BFSI
• Healthcare
• Retail and Consumer Goods
• IT and Telecom
• Government and Public Sector
• Manufacturing
• Others

Japan eGRC Market – by Regions:

Japan

• Tokyo
• Yokohama
• Osaka
• Nagoya
• Other

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India eGRC Market Size, Growth is expected to reach $9.3 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The India eGRC market was valued at $2.3 billion in 2021 and it is expected to reach $9.3 billion at a CAGR of 13.2% between 2022 and 2032. In India, various key players are offering a variety of governance, risk, and compliance services to help multiple clients in solving the increasingly complex regulatory, compliance, and risk management environment. Additionally, organizations are depending on better governance and risk management, which would benefit them to demonstrate compliance with regulatory controls. Compliance Management is essential to document control frameworks that assess the design and operational effectiveness. Additionally, this would respond to policy and regulatory compliance issues. Therefore, eGRC solutions help its clients by decreasing compliance silos and audit tests and consistently documenting and implementing control frameworks, procedures, and test plans. Hence, in India, eGRC plays an important role for all the industry end-users by providing solutions to their customers and clients for data breaches in multiple industries which have paved the way for escalating information security. Moreover, the evolvement of industries and complex transactions has helped the eGRC market to have significant growth in the last few years in India.

However, privacy and security associated with data and information are adopting cloud solutions and services, and this would propel the growth of the market in the upcoming years. The country is getting guidelines from the government. These guidelines and policies are expected to be implemented and controlled by considering various factors such as micro and macro-economy risk factors coupled with the corporate requirements. However, the less awareness of the service and solutions in some of the developing cities in India can be considered one of the restraining factors for the eGRC market growth. These rising factors are making it challenging for providers to offer such solutions and services to multiple verticals in fulfilling the requirements across this country. Hence, this is expected to drive market growth during the forecast period from 2022 to 2032.

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Moreover, the Indian organizations are forwarding toward technology-driven best practices for their GRC solution and services. Hence, they are focusing on complying with the internal and external compliance mandates. This would further automate the complex GRC Management processes, by avoiding the large number of penalties which is incurred from non-compliance and the risk of exposure to multiple imminent risks with both internal and external entities. Therefore, these trends are projected to drive market growth during the forecast period from 2022 to 2032. Furthermore, the adoption of new modern technologies such as artificial intelligence, machine learning, data analytics, and IoT are increasing across various enterprises and organizations, which would benefit all companies and organizations.

According to the study, key players such as Alyne GmbH (Germany), Dell EMC (U.S), Dell Technologies Inc (U.S), FIS Corporation (U.S), IBM (U.S), Intertek (U.K), Ideagen (U.K), LexComply (India), Logicmanager Inc (U.S), Microsoft Corporation (U.S), Mphasis (India), MetricStream (U.S), MEGA International (France), Navex Global Inc (U.S), Oracle Corporation (U.S), Quantivate (U.S), Riskonnect Inc (U.S), Robert Half (U.S), StandardFusion (Canada), ServiceNow (U.S), Symphony Technology Group (U.S), SAS Institute (U.S), SAP SE (Germany), The Woodbridge Company (Canada), Wise Company (U.K), Wolters Kluwer (Netherlands), among others are leading the India eGRC market. 

India eGRC Market Has Been Segmented Into:

India eGRC Market –by Component Type:

• Software
• Services
• Risk Management
• Audit Management
• Incident Management
• Support and Maintenance
• Others

India eGRC Market – by Organization Type:

• Small and Medium Enterprises
• Large Enterprises

India eGRC Market – by Deployment Mode:

• Cloud
• On-Premises

India eGRC Market – by End-User Type:

• BFSI
• Healthcare
• Retail and Consumer Goods
• IT and Telecom
• Government and Public Sector
• Manufacturing
• And Others

India eGRC Market – by Regions:

India

• Bangalore
• Delhi
• Mumbai
• Kolkata
• Uttar Pradesh
• Others

Browse The Full Report at https://www.sheeranalyticsandinsights.com/market-report-research/india-egrc-market-21

 

 

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Europe eGRC Market Size, Growth to is Expected to Reach $40.2 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The Europe eGRC market was valued at $12.3 billion in 2021 and it is expected to reach $40.2 billion at a CAGR of 11.3% between 2022 and 2032. The eGRC service and solution are widely used in organizations across the Europe region to follow a systematic, structured, approach for managing and executing many strategies related to GRC. In addition, administrators use a single structure instead of maintaining information in distinct silos for monitoring and implementing laws and methods. Successful benefits allow companies to manage risk and reduce costs incurred by many facilities and also decrease the complexities for executives. Growing factors such as the increasing need to automate and streamline GRC organizational programs, the adoption of eGRC software and services, increasing need to evaluate regulatory demands, policies, and commitments are estimated to boost the market growth during the forecast period. Moreover, in European markets, eGRC software and solutions are provided to incorporate Machine Learning, Artificial Intelligence, Business Intelligence, Instruments, and data analytics, which would help organizations to gain more essential ideas. Thereby, it will decrease the hazards in organizations across the region. 

However, governing bodies are imposing various regulations in complex regulatory environments, which are creating a demand for eGRC solutions and services. Regulations such as Control Objectives for Information and Related Technologies, Sarbanes Oxley Act, Health Insurance Portability and Accountability Act, The Federal Financial Institutions Examination Council, The General Data Protection Regulations, The Payment Card Industry Data Security Standard, the Federal Information Security Management Act, and other regulatory acts are becoming very essential for various organizations across the region. These acts are provided to avoid further loss. Therefore, these major benefits are helping the Europe eGRC market to have significant growth opportunities in upcoming years. Furthermore, these would benefit all clients and customers in Europe enterprises as well as organizations. However, if these compliances and regulations are failing to fulfill all the demands, then it would create a huge loss in the business, especially in the form of penalties.

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Changes in enterprise regulations are seemed to increase across the Europe region. Hence, several organizations are facing issues to adopt new regulatory changes. Additionally, these new regulatory changes have forced organizations to adopt enterprise governance, risk, and management solutions. However, European organizations are getting eGRC solutions that would help them to align new regulatory changes very effectively and easily. In addition, many key players across the Europe region are focusing on adopting eGRC solutions and they are trying to implement new business development strategies to expand themselves across the other countries in Europe. Thus, new partnerships to build strong eGRC are expected to tackle the complexities which are associated with various compliances. These would benefit the growth of the eGRC market in Europe.

According to the study, key players such as Alyne GmbH (Germany), Dell EMC (U.S), Dell Technologies Inc (U.S), FIS Corporation (U.S), IBM (U.S), Intertek (U.K), Ideagen (U.K), LexComply (India), Logicmanager Inc (U.S), Microsoft Corporation (U.S), Mphasis (India), MetricStream (U.S), MEGA International (France), Navex Global Inc (U.S), Oracle Corporation (U.S), Quantivate (U.S), Riskonnect Inc (U.S), Robert Half (U.S), StandardFusion (Canada), ServiceNow (U.S), Symphony Technology Group (U.S), SAS Institute (U.S), SAP SE (Germanay), The Woodbridge Company (Canada), Wise Company (U.K), Wolters Kluwer (Netherlands), among others are leading the Europe eGRC market. 

Europe eGRC Market Has Been Segmented Into:

Europe eGRC Market –by Component:

• Software
• Services
• Risk Management
• Audit Management
• Incident Management
• Support and Maintenance
• Others

Europe eGRC Market – by Organization Type:

• Small and Medium Enterprises
• Large Enterprises

Europe eGRC Market – by Deployment Mode:

• Cloud
• On-Premises

Europe eGRC Market – by End-User Type:

• BFSI
• Healthcare
• Retail and Consumer Goods
• IT and Telecom
• Government and Public Sector
• Manufacturing
• Others

Europe eGRC Market – by Regions:

Europe

• United Kingdom
• Germany
• France
• Italy
• Netherlands
• Greece
• Sweden
• Others

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