Global Business Continuity Management (BCM) Market - Key Player, Growth Analysis and Forecast To 2024, Logic Manager Inc., Continuity Logic, Microsoft, Nero, Sungard Availability Services, Fusion Risk Management Inc.

Industry Overview
The global business continuity management (BCM) market was valued at USD 360.0 million in 2018. The market is growing owing to increasing demand for business continuity solutions from small and medium enterprises and increasing IT spending. Furthermore, excessive operational risks in the enterprises are other factors that are driving the growth of global business continuity management market.

Business continuity management software helps organizations to address and identify potential interruptions in their operations. Further, this software ensures uninterrupted flow of companies operations thereby identifying the risks, adhering procedures to alleviate risks and estimate potential disruption. Increasing benefits availed by business continuity management software is further bolstering the growth of global business continuity management market.

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Growth Drivers
Increasing operational risks in the enterprises along with extensive demand from small and medium enterprises are the key factors driving the growth global business continuity management market. Extensive acceptance of business impact analysis (BIA) amongst large and small and medium enterprises is key factor pertaining towards the growth of global business continuity management market. There are several key players in the emerged and emerging economies that are offering risk management and customizable impact assessment to the end user with the help of BIA.

Furthermore, increasing demand for gap analysis and robust dependency modelling is further aiding enterprises to compare points of recovery related to the achievable items thereby flourishing BIA usage globally. Moreover, operational risks in the enterprises are further escalating the growth of global business continuity management market. In the present scenario, business organizations are witnessing enhanced economic uncertainties and imposing stringent regulatory compliances and fines.

Geography Insight
Business continuity management market in North America is anticipated to generate largest revenue during the estimated period owing to existence of large number of business enterprises in the region, threats of disruption to operations pertaining towards natural disasters and existence of flourishing financial institutions in the region.

Furthermore, business continuity management market in Asia-Pacific is expected to witness highest CAGR during the forecast period due to rapid growth in IT services, extensive growth of cloud technique and excessive existence of large enterprises in the region are thus escalating the growth of business continuity management market in the region. Business organizations are demanding and mitigating risks, observing enhanced accountability of risk from business lines and management and real time risk assessment are another factors that are significantly contributing towards the growth of business continuity management market in the region.

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Competitive Insight
The eminent key players in the global magnesium stearate market are undertaking considerable investment decisions in order to gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players of magnesium stearate market.

Some of the key players in the global business continuity management market include Synology, Altaro Software, Storage Craft, MetricStream Inc., CloudAlly, VMware, Dell EMC, Strategic BCP, IDrive, Arcserve, International Business Machines (IBM) Corporation, Logic Manager Inc., Continuity Logic, Microsoft, Nero, Sungard Availability Services, Fusion Risk Management Inc., Quantitative LLC, MiniTool, Avaluation, LockPath Inc., SAI Global Pty Ltd, and Rackspace.

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