Risk Management Market Size - By Component (Solution, Services), By Deployment Model (Cloud, On-premises), By Organization Size (SME, Large Organization), By End User & Forecast, 2024

Description

Risk Management Market size will record over 14% CAGR from 2024-2032, driven by the rise in cyber threats and data breaches along with the heightened emphasis on cybersecurity risk management. As per reports, there was a notable increase in cyberattacks in 2023, resulting in over 343 million victims. Of late, numerous organizations are heavily investing in advanced security measures, threat detection systems, and incident response strategies to protect against cyber risks. The growing adoption of enterprise risk management frameworks to provide holistic approaches to identifying and managing risks across the entire organization will complement the market growth.

The risk management industry is segmented into component, deployment model, organization size, end user, and region.

By deployment model, the industry value from the on-premises segment is anticipated to witness lucrative growth between 2024 and 2032. On-premises risk management solutions offer greater control over data management and protection while reducing the risk of data breaches and ensuring compliance with stringent data protection regulations. They also render higher performance and reliability compared to cloud-based alternatives, especially for organizations with high data processing needs or those operating in areas with limited internet connectivity.

In terms of end user, the risk management market from the manufacturing segment will accrue significant expansion up to 2032. The growth can be attributed to the strong focus of manufacturing organizations on enhancing their operational efficiencies while ensuring product quality and safety. The rising implementation of sustainable practices and technologies for addressing environmental risks associated with manufacturing processes, such as waste management, emissions, and compliance with environmental regulations will also boost the segment growth.

Regionally, the Europe risk management industry size may witness notable CAGR between 2024 and 2032, led by the growing investments in data encryption, access controls, and comprehensive privacy policies. European companies are placing greater emphasis on managing financial risks, such as currency fluctuations, interest rate changes, and credit risks. The shift towards digitalization is also influencing the adoption risk management practices across the region as organizations are leveraging digital tools and platforms to manage risks more effectively.

Product Code: 9857

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Software providers
- 3.2.2 Service provider
- 3.2.3 Technology providers
- 3.2.4 End User
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing cybersecurity concerns and data breaches
  - 3.8.1.2 Stringent regulatory compliance
  - 3.8.1.3 Globalization and increasing business complexity
  - 3.8.1.4 Rising adoption of advanced technologies
  - 3.8.1.5 Economic volatility and uncertainty
  - 3.8.1.6 Digital transformation of businesses
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Complex regulatory environment and technological challenges
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 (USD Billion)

5.1 Key trends
5.2 Solution
- 5.2.1 Financial risk management
- 5.2.2 Compliance risk management
- 5.2.3 Cybersecurity risk management
  - 5.2.3.1 Vulnerability management
  - 5.2.3.2 Threat detection & response
  - 5.2.3.3 Security information & event management
  - 5.2.3.4 Others
- 5.2.4 Enterprise risk management
- 5.2.5 Operational risk management
- 5.2.6 Others
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services

Chapter 6 Market Estimates & Forecast, By Deployment Model, 2021 - 2032 (USD Billion)

6.1 Key trends
6.2 On-premises
6.3 Cloud-based

Chapter 7 Market Estimates & Forecast, By Organization Size, 2021 - 2032 (USD Billion)

7.1 Key trends
7.2 SMEs
7.3 Large organizations

Chapter 8 Market Estimates & Forecast, By End-user, 2021 - 2032 (USD Billion)

8.1 Key trends
8.2 BFSI
8.3 IT & telecom
8.4 Healthcare & life science
8.5 Government, defense, and aerospace
8.6 Retail and consumer goods
8.7 Manufacturing
8.8 Energy & utilities
8.9 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Billion)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 BitSight
10.2 FIS Global
10.3 Fiserv, Inc.
10.4 Genpact
10.5 IBM Corporation
10.6 LogicGate
10.7 LogicManager, Inc
10.8 MetricStream Inc.
10.9 Microsoft Corporation
10.10 Moody's Corporation
10.11 Navex Global
10.12 OneTrust, LLC
10.13 ProcessUnity
10.14 Protiviti, Inc.
10.15 Rapid7
10.16 Resolver, Inc
10.17 Riskonnect, Inc.
10.18 RiskWatch
10.19 SecurityScorecard
10.20 ServiceNow, Inc

Risk Management Market Size - By Component (Solution, Services), By Deployment Model (Cloud, On-premises), By Organization Size (SME, Large Organization), By End User & Forecast, 2024 - 2032