Global Reputational Risk Management Advisory Market is set to grow at a CAGR of around 10.4% over the Forecast Period (2019 - 2027), owing to growing prominence regarding organizational reputation as a key performance indicator: says Absolute Markets Insi

Advisory services for reputational risk management are provided in order to safeguard organizations from unforeseen risks which can be associated with unconventional risk sources. This may affect not only the company's reputation within the industry but also their financial standing is affected owing to lower consumer turnout and possible sales limitations.

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Organizations operating in reputational risk management advisory market are thus in search of services and solutions that can help businesses manage any risks to their reputation. Awareness regarding customer retention is a major factor driving the demand for advisory offerings that help in managing reputational risks. Stakeholder perceptions are an observation that organizations focus on the most to understand the loyalty of their target audience. This helps them in creating a risk landscape according to which they can devise a risk management strategy. But, there are certain areas that can be left out in the organizations risk management initiatives. These areas can prove detrimental to the company's reputation and hence, have to be addressed with utmost importance. Companies have nowadays paid more standing towards assessing all kinds of risks and taking the help of advisory services and solutions that can help in the management and mitigation of these risks.

The solutions provided for risk management of reputational risks include standalone or focused offerings as well as comprehensive offerings. For instance, Deloitte Touche Tohmatsu Limited is offering a '24/7 monitoring solution', which is focused at assessing various databases with respect to the organization that can lead to potential risks to their reputation. Furthermore, HICX Solutions is offering a plethora of solutions notably including score carding for risk and performance along with supplier compliance in order to create a comprehensive overview on the organization's venture in their respective markets.

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In terms of revenue, the global reputational risk management advisory market stood at US$ 8,837.60 Mn in 2018 and is anticipated to reach US$ 21,833.82 Mn by 2027, expanding at a CAGR of 10.4% during the forecast period.

"Global reputational risk management advisory market is expected to grow because of conducive steps undertaken from organizations towards risk management of all types. The advent of social media and the volatility associated with incidences on the company's reputation are major demand generators for the market."

The detailed research study provides qualitative and quantitative analysis of the global reputational risk management advisory market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The supply side analysis covers regional service analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Key Findings-

o Large enterprises are expected to adopt advisory services focused towards management of reputational risk. This is primarily due to higher risk associated with reputation of these organizations as compared to small and medium sized enterprises and the significant spending potential on external advisory services.

o In reputational risk management advisory market, management solutions are the target solutions for investments from organizations. The comprehensive nature of these solutions helps in the management of reputational risk in an optimized manner.

o Reputational risk management advisory is found to be adopted on a large scale by companies in the consumer goods, durables and retail industry. This is owing to the significant social media presence of the companies in this industry which creates a higher risk potential as compared to other industries.

o The use of advisory services for reputational risk management is observed to be the highest in the region of North America. The presence of market leaders from various industry verticals across the region along with the volatility in their markets is driving the demand for the market offerings.

o Major reputational risk management advisory market participants include Bibi Consulting Inc., BLUE MOON CONSULTING GROUP, Deloitte Touche Tohmatsu Limited., DXC Technology Company, First Consulting and Administration, FTI Consulting, Inc., KPMG International Cooperative, MARSH LLC, Protiviti Inc., RL EXPERT GROUP, Steel City Re, and TOVERA amongst others.

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Reputational Risk Management Advisory Market:
By Risk Type
o Business Risk
o Financial Risk
o Social Risk

By Solution
o Management Solutions
o Risk Financing and Transfer
o CSR Solutions

By Organization Size
o Small and Medium Sized Enterprises
o Large Enterprises

By Verticals
o Banking, Financial Services and Insurance (BFSI)
o Consumer Goods, Durables and Retail
o IT and Telecom
o Semiconductor and Electronics
o Chemicals and Materials
o Healthcare
o Construction and Mining
o Automotive
o Transportation and Logistics
o Entertainment and Media
o Others (Power and Utility, Travel and Tourism Etc.)

By Region
o North America
o U.S.
o Canada
o Mexico
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
? Denmark
? Finland
? Iceland
? Sweden
? Norway
o Benelux Union
? Belgium
? The Netherlands
? Luxembourg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o New Zealand
o Australia
o South Korea
o Southeast Asia
? Indonesia
? Thailand
? Malaysia
? Singapore
? Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East and Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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