Risk Management Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00188
  • Format: Electronic (PDF)
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  • Number of Pages: 250
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Market Snapshot

CAGR:7.91
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 7.91
Information & Technology-companies
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Report Overview

The Risk Management Market is poised to expand at a CAGR of 6.75% between 2022 and 2032. This growth trajectory is indicative of a market size increase by USD 14,362.89 million during the forecast period. The market's evolution is driven by several factors, including the escalating complexity of risks, regulatory compliance requirements, and the need for proactive risk mitigation strategies. Risk management entails the processes, technologies, and methodologies employed by enterprises to identify, assess, mitigate, and monitor various risks across their operations.

Risk Management Market Overview:

Drivers:

A key driver of the Risk Management Market is the increasing complexity of risks faced by modern enterprises. Globalization, technological advancements, and interconnected business ecosystems have introduced a wide array of risks, prompting organizations to adopt advanced risk management solutions.

Furthermore, regulatory compliance mandates across industries are compelling organizations to invest in robust risk management solutions. Compliance with regulations and standards requires effective risk assessment and mitigation strategies.

Trends:

The integration of Artificial Intelligence (AI) and Machine Learning (ML) in risk management solutions is a prominent trend. AI and ML technologies empower risk management platforms to analyze vast datasets, identify patterns, and predict potential risks, enhancing decision-making.

Additionally, the convergence of risk management and cybersecurity is gaining traction. As cyber threats grow in sophistication, organizations are recognizing the intertwined nature of risks associated with data breaches and other security incidents.

Restraints:

                           

The implementation challenges associated with risk management solutions pose restraints to market growth. Organizations must navigate complexities related to data integration, change management, and aligning risk management strategies with business objectives.

Moreover, concerns regarding data privacy and security within risk management systems hinder adoption. Enterprises must ensure that sensitive data is adequately protected within these solutions.

Risk Management Market Segmentation By Solution:

The Enterprise Risk Management segment is projected to experience significant growth during the forecast period. This segment encompasses comprehensive risk management strategies that cover various aspects of an organization's operations, enabling holistic risk assessment and mitigation.

Additionally, the Operational Risk Management segment is poised for expansion. Enterprises are focusing on identifying and managing operational risks that can impact business continuity and efficiency.

Risk Management Market Segmentation By Deployment Mode:

The Cloud-based Deployment segment is a crucial driver for the Risk Management Market. Cloud-based solutions offer flexibility, scalability, and reduced infrastructure costs, making them attractive to organizations seeking agile risk management platforms.

Regional Overview:


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North America is anticipated to contribute substantially to the global Risk Management Market's growth. The region's stringent regulatory landscape and the emphasis on corporate governance drive the adoption of sophisticated risk management solutions. Europe is also expected to witness significant growth as organizations prioritize risk mitigation strategies amidst evolving regulations.

Risk Management Market Customer Landscape:

The Risk Management Market report encompasses the customer adoption lifecycle, evaluating adoption rates across industries and regions. It considers factors such as regulatory maturity, risk awareness, and organizational size.

Major Risk Management Market Companies:

Companies in the Risk Management Market are leveraging strategies such as partnerships, acquisitions, and technological innovations to enhance their market presence.

Example companies (not exhaustive):

  • IBM Corporation
  • RSA Security LLC
  • MetricStream Inc.
  • SAS Institute Inc.
  • Oracle Corporation
  • SAP SE
  • Thomson Reuters Corporation
  • Wolters Kluwer N.V.
  • NAVEX Global Inc.
  • LogicGate Inc.

Segment Overview:

The Risk Management Market report projects growth by revenue at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

  • Solution Outlook (USD Million, 2019 - 2032)
    • Enterprise Risk Management
    • Operational Risk Management
    • Financial Risk Management
    • Compliance Risk Management
    • Cybersecurity Risk Management
    • Others
  • Deployment Mode Outlook (USD Million, 2019 - 2032)
    • Cloud-based Deployment
    • On-premises Deployment
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
      • India
    • South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa

Key Benefits for Stakeholders

  • Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
  • Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
  • Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
  • Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
  • Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
  • Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
  • Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
  • Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
  • Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
  • Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.
Global Risk Management Market Size, Status and Forecast 2022

1 Industry Overview of Risk Management

1.1 Risk Management Market Overview

1.1.1 Risk Management Product Scope

1.1.2 Market Status and Outlook

1.2 Global Risk Management Market Size and Analysis by Regions

1.2.1 United States

1.2.2 EU

1.2.3 Japan

1.2.4 China

1.2.5 India

1.2.6 Southeast Asia

1.3 Risk Management Market by Type

1.3.1 Cloud

1.3.2 On-premise

1.4 Risk Management Market by End Users/Application

1.4.1 Banking

1.4.2 Insurance

1.4.3 Oil and Gas

1.4.4 Utilities

1.4.5 Others

2 Global Risk Management Competition Analysis by Players

2.1 Risk Management Market Size (Value) by Players (2016 and 2017)

2.2 Competitive Status and Trend

2.2.1 Market Concentration Rate

2.2.2 Product/Service Differences

2.2.3 New Entrants

2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles

3.1 Accenture

3.1.1 Company Profile

3.1.2 Main Business/Business Overview

3.1.3 Products, Services and Solutions

3.1.4 Risk Management Revenue (Value) (2012-2017)

3.1.5 Recent Developments

3.2 Allgress

3.2.1 Company Profile

3.2.2 Main Business/Business Overview

3.2.3 Products, Services and Solutions

3.2.4 Risk Management Revenue (Value) (2012-2017)

3.2.5 Recent Developments

3.3 G Bina

3.3.1 Company Profile

3.3.2 Main Business/Business Overview

3.3.3 Products, Services and Solutions

3.3.4 Risk Management Revenue (Value) (2012-2017)

3.3.5 Recent Developments

3.4 BWise

3.4.1 Company Profile

3.4.2 Main Business/Business Overview

3.4.3 Products, Services and Solutions

3.4.4 Risk Management Revenue (Value) (2012-2017)

3.4.5 Recent Developments

3.5 Check Point Software

3.5.1 Company Profile

3.5.2 Main Business/Business Overview

3.5.3 Products, Services and Solutions

3.5.4 Risk Management Revenue (Value) (2012-2017)

3.5.5 Recent Developments

3.6 ControlCase

3.6.1 Company Profile

3.6.2 Main Business/Business Overview

3.6.3 Products, Services and Solutions

3.6.4 Risk Management Revenue (Value) (2012-2017)

3.6.5 Recent Developments

3.7 Crisil

3.7.1 Company Profile

3.7.2 Main Business/Business Overview

3.7.3 Products, Services and Solutions

3.7.4 Risk Management Revenue (Value) (2012-2017)

3.7.5 Recent Developments

3.8 CURA Software Solutions

3.8.1 Company Profile

3.8.2 Main Business/Business Overview

3.8.3 Products, Services and Solutions

3.8.4 Risk Management Revenue (Value) (2012-2017)

3.8.5 Recent Developments

3.9 Deloitte

3.9.1 Company Profile

3.9.2 Main Business/Business Overview

3.9.3 Products, Services and Solutions

3.9.4 Risk Management Revenue (Value) (2012-2017)

3.9.5 Recent Developments

3.10 EMC

3.10.1 Company Profile

3.10.2 Main Business/Business Overview

3.10.3 Products, Services and Solutions

3.10.4 Risk Management Revenue (Value) (2012-2017)

3.10.5 Recent Developments

3.11 Enablon

3.12 FireEye

3.13 Fiserv

3.14 IBM

3.15 LockPath

3.16 MetricStream

3.17 Oracle

3.18 PwC

3.19 Protiviti

3.20 Riskonnect

4 Global Risk Management Market Size by Type and Application (2012-2017)

4.1 Global Risk Management Market Size by Type (2012-2017)

4.2 Global Risk Management Market Size by Application (2012-2017)

4.3 Potential Application of Risk Management in Future

4.4 Top Consumer/End Users of Risk Management

5 United States Risk Management Development Status and Outlook

5.1 United States Risk Management Market Size (2012-2017)

5.2 United States Risk Management Market Size and Market Share by Players (2016 and 2017)

6 EU Risk Management Development Status and Outlook

6.1 EU Risk Management Market Size (2012-2017)

6.2 EU Risk Management Market Size and Market Share by Players (2016 and 2017)

7 Japan Risk Management Development Status and Outlook

7.1 Japan Risk Management Market Size (2012-2017)

7.2 Japan Risk Management Market Size and Market Share by Players (2016 and 2017)

8 China Risk Management Development Status and Outlook

8.1 China Risk Management Market Size (2012-2017)

8.2 China Risk Management Market Size and Market Share by Players (2016 and 2017)

9 India Risk Management Development Status and Outlook

9.1 India Risk Management Market Size (2012-2017)

9.2 India Risk Management Market Size and Market Share by Players (2016 and 2017)

10 Southeast Asia Risk Management Development Status and Outlook

10.1 Southeast Asia Risk Management Market Size (2012-2017)

10.2 Southeast Asia Risk Management Market Size and Market Share by Players (2016 and 2017)

11 Market Forecast by Regions, Type and Application (2017-2022)

11.1 Global Risk Management Market Size (Value) by Regions (2017-2022)

11.1.1 United States Risk Management Revenue and Growth Rate (2017-2022)

11.1.2 EU Risk Management Revenue and Growth Rate (2017-2022)

11.1.3 Japan Risk Management Revenue and Growth Rate (2017-2022)

11.1.4 China Risk Management Revenue and Growth Rate (2017-2022)

11.1.5 India Risk Management Revenue and Growth Rate (2017-2022)

11.1.6 Southeast Asia Risk Management Revenue and Growth Rate (2017-2022)

11.2 Global Risk Management Market Size (Value) by Type (2017-2022)

11.3 Global Risk Management Market Size by Application (2017-2022)

12 Risk Management Market Dynamics

12.1 Risk Management Market Opportunities

12.2 Risk Management Challenge and Risk

12.2.1 Competition from Opponents

12.2.2 Downside Risks of Economy

12.3 Risk Management Market Constraints and Threat

12.3.1 Threat from Substitute

12.3.2 Government Policy

12.3.3 Technology Risks

12.4 Risk Management Market Driving Force

12.4.1 Growing Demand from Emerging Markets

12.4.2 Potential Application

13 Market Effect Factors Analysis

13.1 Technology Progress/Risk

13.1.1 Substitutes

13.1.2 Technology Progress in Related Industry

13.2 Consumer Needs Trend/Customer Preference

13.3 External Environmental Change

13.3.1 Economic Fluctuations

13.3.2 Other Risk Factors

14 Research Finding/Conclusion

15 Appendix

Methodology

Analyst Introduction

Data Source

Figure Risk Management Product Scope

Figure Global Risk Management Market Size (Million USD) (2012-2017)

Table Global Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure Global Risk Management Market Share by Regions in 2016

Figure United States Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure EU Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure Japan Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure China Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure India Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure Southeast Asia Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Figure Global Risk Management Market Share by Type in 2016

Figure Cloud Market Size (Million USD) and Growth Rate (2012-2017)

Figure On-premise Market Size (Million USD) and Growth Rate (2012-2017)

Figure Global Risk Management Market Share by Application in 2016

Table Key Downstream Customer in Banking

Figure Risk Management Market Size (Million USD) and Growth Rate in Banking (2012-2017)

Table Key Downstream Customer in Insurance

Figure Risk Management Market Size (Million USD) and Growth Rate in Insurance (2012-2017)

Table Key Downstream Customer in Oil and Gas

Figure Risk Management Market Size (Million USD) and Growth Rate in Oil and Gas (2012-2017)

Table Key Downstream Customer in Utilities

Figure Risk Management Market Size (Million USD) and Growth Rate in Utilities (2012-2017)

Table Key Downstream Customer in Others

Figure Risk Management Market Size (Million USD) and Growth Rate in Others (2012-2017)

Table Risk Management Market Size (Million USD) by Players (2016 and 2017)

Figure Risk Management Market Size Share by Players in 2016

Figure Risk Management Market Size Share by Players in 2017

Table Accenture Basic Information List

Table Risk Management Business Revenue (Million USD) of Accenture (2012-2017)

Figure Accenture Risk Management Business Revenue Market Share in 2016

Table Allgress Basic Information List

Table Risk Management Business Revenue (Million USD) of Allgress (2012-2017)

Figure Allgress Risk Management Business Revenue Market Share in 2016

Table G Bina Basic Information List

Table Risk Management Business Revenue (Million USD) of G Bina (2012-2017)

Figure G Bina Risk Management Business Revenue Market Share in 2016

Table BWise Basic Information List

Table Risk Management Business Revenue (Million USD) of BWise (2012-2017)

Figure BWise Risk Management Business Revenue Market Share in 2016

Table Check Point Software Basic Information List

Table Risk Management Business Revenue (Million USD) of Check Point Software (2012-2017)

Figure Check Point Software Risk Management Business Revenue Market Share in 2016

Table ControlCase Basic Information List

Table Risk Management Business Revenue (Million USD) of ControlCase (2012-2017)

Figure ControlCase Risk Management Business Revenue Market Share in 2016

Table Crisil Basic Information List

Table Risk Management Business Revenue (Million USD) of Crisil (2012-2017)

Figure Crisil Risk Management Business Revenue Market Share in 2016

Table CURA Software Solutions Basic Information List

Table Risk Management Business Revenue (Million USD) of CURA Software Solutions (2012-2017)

Figure CURA Software Solutions Risk Management Business Revenue Market Share in 2016

Table Deloitte Basic Information List

Table Risk Management Business Revenue (Million USD) of Deloitte (2012-2017)

Figure Deloitte Risk Management Business Revenue Market Share in 2016

Table EMC Basic Information List

Table Risk Management Business Revenue (Million USD) of EMC (2012-2017)

Figure EMC Risk Management Business Revenue Market Share in 2016

Table Enablon Basic Information List

Table Risk Management Business Revenue (Million USD) of Enablon (2012-2017)

Figure Enablon Risk Management Business Revenue Market Share in 2016

Table FireEye Basic Information List

Table Risk Management Business Revenue (Million USD) of FireEye (2012-2017)

Figure FireEye Risk Management Business Revenue Market Share in 2016

Table Fiserv Basic Information List

Table Risk Management Business Revenue (Million USD) of Fiserv (2012-2017)

Figure Fiserv Risk Management Business Revenue Market Share in 2016

Table IBM Basic Information List

Table Risk Management Business Revenue (Million USD) of IBM (2012-2017)

Figure IBM Risk Management Business Revenue Market Share in 2016

Table LockPath Basic Information List

Table Risk Management Business Revenue (Million USD) of LockPath (2012-2017)

Figure LockPath Risk Management Business Revenue Market Share in 2016

Table MetricStream Basic Information List

Table Risk Management Business Revenue (Million USD) of MetricStream (2012-2017)

Figure MetricStream Risk Management Business Revenue Market Share in 2016

Table Oracle Basic Information List

Table Risk Management Business Revenue (Million USD) of Oracle (2012-2017)

Figure Oracle Risk Management Business Revenue Market Share in 2016

Table PwC Basic Information List

Table Risk Management Business Revenue (Million USD) of PwC (2012-2017)

Figure PwC Risk Management Business Revenue Market Share in 2016

Table Protiviti Basic Information List

Table Risk Management Business Revenue (Million USD) of Protiviti (2012-2017)

Figure Protiviti Risk Management Business Revenue Market Share in 2016

Table Riskonnect Basic Information List

Table Risk Management Business Revenue (Million USD) of Riskonnect (2012-2017)

Figure Riskonnect Risk Management Business Revenue Market Share in 2016

Table Global Risk Management Market Size (Million USD) by Type (2012-2017)

Figure Global Risk Management Market Size Share by Type in 2012

Figure Global Risk Management Market Size Share by Type in 2013

Figure Global Risk Management Market Size Share by Type in 2014

Figure Global Risk Management Market Size Share by Type in 2015

Figure Global Risk Management Market Size Share by Type in 2016

Figure Global Risk Management Market Size Share by Type in 2017

Table Global Risk Management Market Size (Million USD) by Application (2012-2017)

Figure Global Risk Management Market Size (Million USD) by Application in 2012

Figure Global Risk Management Market Size (Million USD) by Application in 2013

Figure Global Risk Management Market Size (Million USD) by Application in 2014

Figure Global Risk Management Market Size (Million USD) by Application in 2015

Figure Global Risk Management Market Size (Million USD) by Application in 2016

Figure Global Risk Management Market Size (Million USD) by Application in 2017

Table Top Consumer/End Users of Risk Management

Figure United States Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table United States Risk Management Market Size (Million USD) by Players (2012-2017)

Figure United States Risk Management Market Size Share by Players in 2016

Figure United States Risk Management Market Size Share by Players in 2017

Figure EU Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table EU Risk Management Market Size (Million USD) by Players (2012-2017)

Figure EU Risk Management Market Size Share by Players in 2016

Figure EU Risk Management Market Size Share by Players in 2017

Figure Japan Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table Japan Risk Management Market Size (Million USD) by Players (2012-2017)

Figure Japan Risk Management Market Size Share by Players in 2016

Figure Japan Risk Management Market Size Share by Players in 2017

Figure China Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table China Risk Management Market Size (Million USD) by Players (2012-2017)

Figure China Risk Management Market Size Share by Players in 2016

Figure China Risk Management Market Size Share by Players in 2017

Figure India Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table India Risk Management Market Size (Million USD) by Players (2012-2017)

Figure India Risk Management Market Size Share by Players in 2016

Figure India Risk Management Market Size Share by Players in 2017

Figure Southeast Asia Risk Management Market Size (Million USD) and Growth Rate by Regions (2012-2017)

Table Southeast Asia Risk Management Market Size (Million USD) by Players (2012-2017)

Figure Southeast Asia Risk Management Market Size Share by Players in 2016

Figure Southeast Asia Risk Management Market Size Share by Players in 2017

Figure Global Risk Management Market Size (Million USD) by Regions (2017-2022)

Table Global Risk Management Market Size (Million USD) by Regions (2017-2022)

Figure Global Risk Management Market Size Share by Regions in 2017

Figure Global Risk Management Market Size Share by Regions in 2022

Figure United States Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Figure EU Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Figure Japan Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Figure China Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Figure India Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Figure Southeast Asia Risk Management Revenue (Million USD) and Growth Rate (2017-2022)

Table Global Risk Management Market Size (Million USD) by Type (2017-2022)

Figure Global Risk Management Market Size Share by Type in 2017

Figure Global Risk Management Market Size Share by Type in 2022

Table Global Risk Management Market Size (Million USD) by Application (2017-2022)

Figure Global Risk Management Market Size (Million USD) by Application in 2017

Figure Global Risk Management Market Size (Million USD) by Application in 2022

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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