The new statistical report titled as Vendor Risk Management Market has recently published by Absolute Markets Insights. This study comprises mix data containing the recent trends, technological platforms, tools, and certain methodologies. It gives an overview of the market dynamics such as the changing needs of the clients in different regions. This research report offers a comprehensive analysis of different parameters of businesses like profit margin, shares and pricing structures. It has been compiled by using qualitative and quantitative analysis techniques. The valuable insights of businesses have been examined by using primary and secondary research methodologies in a particular manner.
A section containing the data about different factors influencing the progress of the Vendor Risk Management market. This research report offers a bird’s eye view on the historical as well as current trends operating in the global Vendor Risk Management market. Different market segment and its sub-segment have been elaborated to understand the market clearly. Leading key players have been profiled to get detailed data about company profiles, contact details, and revenue of the companies.
Top Key Players includes in Vendor Risk Management Market: BitSight Technologies, BWise, Genpact, IBM Corporation, LockPath, Inc., LogicManager, Inc., MetricStream Inc., Optiv Security Inc., ProcessUnity, Inc. Quantivate, LLC, RapidRatings, Resolver Inc., RSA Security LLC., Rsam, SAI Global Pty Limited, VendorInsight, SecurityScorecard, ServiceNow, Inc., UpGuard, Inc., Venminder, Inc, and OneTrust, LLC. amongst others.
Get More Details of Vendor Risk Management Market @https://www.absolutemarketsinsights.com/reports/Vendor-Risk-Management-Market-2019-2027-325
In 2018, large enterprises contributed for the maximum revenue generation of the total market share. These large enterprises generally prefer deploying the software on their local servers due to the looming security concerns in cloud-based systems. However, small enterprises, are seeing significant growth in the future, as small enterprises create a lot of unstructured data and due to which they use cloud-based solutions that offer scalability. Vendor risk management market finds increasing participation from many industry verticals including banking and financial services (BFSI), manufacturing, healthcare, IT and telecom, retail, energy and government amongst others to manage their outsourcing risk. Around 29% of the market revenue is contributed from the BFSI industry, as banks and other financial institutions are heavily using vendor risk management tool to fulfil their regulatory obligation. For instance, the FHL bank, an upcoming bank based in the United States, announced partnership with Process Unity to manage cybersecurity and information risk management. In terms of revenue, North America vendor risk management market was valued at USD 1397.43 Mn in 2020, growing at a CAGR of 14.48% over the forecasted period (2022-2030). The growing demand for efficient management of vendor ecosystems and their associated risks levels is one of the primary reasons for this phenomenon growth in North American region.
Global Vendor Risk Management Market
By Offerings
- Solution
- Compliance Management
- Audit Management
- Financial Control
- Quality Assurance Management
- Services
By Deployment
- On-premises
- Cloud
By Vertical
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Manufacturing
- Energy
- Government
- Others (Education and Media & Entertainment)
By Organization Size
- Large Enterprises
- SMEs
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the Vendor Risk Management market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Vendor Risk Management market
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