Albany, NY -- (SBWIRE) -- 01/10/2019 -- Information governance solutions (IGS) manage corporate information by applying controls, processes, retrievals, and metrics to the information stored on various premises. The objective of an information governance solution is to make data or information available to authentic users whenever required or requested to make informative business decisions. Information governance solution streamlines enterprise information management, ensures compliance, and reduces information storage costs.

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IGS enables organizations to be more agile to respond to the changing marketplace and reduces the legal risks associated with inconsistent or unmanaged information. Typically, information governance covers corporate information such as accounting and financial records, employee personal & financial information, and client & contract details.

Growing need of advanced information management solutions and stringent regulations pertaining to data privacy and security are expected to drive the global information governance solutions market during the forecast period. The Foreign Corrupt Practices Act, 1977, of the U.S. ensures accounting transparency requisites under the Securities Exchange Act. The act mandates organizations to attest to the authenticity of their records.

Information management solutions provide electronic integrity to the information by making it authentic for legal procedures. Furthermore, the Health Insurance Portability and Accountability Act (HIPAA) of the U.S. impacts healthcare organizations and providers with respect to protection of patient and consumer privacy.

Regional players are expected to enter the global information governance solutions market due to rise in awareness about data security and data privacy. Major players operating in the global information governance solutions market are Ernst & Young LLP, Dell, Inc., Business Intelligence Associates, Inc. (BIA), Micro Focus International plc, Deloitte, IBM Corporation, AccessData, Microsoft Corporation, Symantec Corporation, and Amazon, Inc.

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