IMARC Group, a leading market research company, has recently released report titled “ Risk Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global risk management market size , share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the risk management market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.5 Billion |
| Market Forecast in 2028 | US$ 23.7 Billion |
| Growth rate (2023 to 2028) | CAGR of 14.13% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is risk management?
Risk management represents the process of assessing, recognizing, and controlling the financial, strategic, legal, and security risks of any organization. It manages and mitigates risks from various sources, such as legal liabilities, strategic management errors, accidents, financial uncertainty, and natural disasters. Risk management examines the relationship between hazards and the cascading impact they could have on the strategic goals of an organization. It also emphasizes the importance of handling positive chances that could increase the business values of enterprises by making smart decisions. RISK management assists in guaranteeing the integrity and confidentiality of personal and corporate data. As a result, this process finds widespread applications across several sectors, including information and technology (IT), telecom, retail, banking, financial services and insurance (BFSI), healthcare, energy and utilities, manufacturing, and defense.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/risk-management-market/requestsample
What are the growth prospects and trends in risk management?
The rising utilization of electronic payments that increases the intricacy and volume of data on financial transactions and the high number of digital monetary crimes are primarily driving the risk management market. Besides this, the incorporation of advanced technologies, such as artificial intelligence (AI), machine learning (ML), and automation, is further augmenting the market growth. Moreover, the growing popularity of on-premises-based risk management solutions among organizations to increase security and reduce data theft issues is also catalyzing the global market. Apart from this, the escalating demand for administration software to reduce compliance costs and enhance work efficiency is acting as another significant growth-inducing factor. Additionally, the launch of several policies by the government bodies to promote the usage of these solutions through a flexible and convenient information system and to prevent money laundering activities is also stimulating the market growth. Furthermore, the increasing awareness among small and medium-sized enterprises (SMEs) toward the benefits of using this technique is anticipated to propel the risk management market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Component Insights:
- Software
- Service
Deployment Mode Insights:
- On-premises
- Cloud-based
Enterprise Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
Industry Vertical Insights:
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Energy and Utilities
- Manufacturing
- Government and Defense
- Others
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ACTICO GmbH
- Broadridge Financial Solutions Inc
- Fidelity National Information Services Inc.
- International Business Machines Corporation
- LogicManager Inc.
- MetricStream Inc.
- NAVEX Global Inc.
- Oracle Corporation
- Qualys Inc.
- Risk Edge Solutions
- SAP SE
- SAS Institute Inc.
- ServiceNow
- Thomson Reuters Corporation
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=6990&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www. linkedin.com/company/imarc-group
