openPR Logo
Press release

Increasing Adoption of Business Impact Analysis Driving Business Continuity Management Market

02-21-2020 10:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Increasing Adoption of Business Impact Analysis Driving

The operational risks in organizations, such as model risk, cybersecurity risk, conduct risk, and vendor risk, are on a rise owing to the stiff regulatory compliances and fines and increasing economic uncertainties. In order to deal with these, the enterprises are demanding real-time risk assessment, robust risk mitigation, and greater risk accountability from business and management lines. In addition to this, as the financial services are expanding their businesses, the need for processing accountability and transparency and ensuring proactive risk mitigation is also growing.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/business-continuity-management-planning-solutions-market/report-sample

Take for instance the surging cybersecurity risks, due to which the businesses have become more aware of the significance of being able to respond and recover from such attack. Since business continuity management (BCM) solutions and services can protect enterprises from business disruptions in the event of a cyberattack and help them deal with other operational risks, their demand is rising.

Basically, BCM is a proactive planning process which makes sure that the products and services of a business are delivered without any delay in the event of any disruption. This is done through the development of plans, strategies, and actions that provide alternative solutions for keeping the operations or businesses going and ensuring that the enterprise doesn't face any serious damage or loss. As per a research conducted by P&S Intelligence, the global BCM market reached a value of $359.2 million in 2018 and is projected to attain $875.7 million in 2024, advancing at a 15.4% CAGR in the coming years. Apart from risk management, the different solutions provided by BCM are government, risk, and compliance, crisis management and audit management. Furthermore, BCM also offers managed and professional services to the enterprises.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=business-continuity-management-planning-solutions-market

The faster growth in demand for BCM services and solutions is expected to be witnessed by small and medium enterprises (SME) in the near future as compared to large enterprises. This is because, the SMEs are inclining toward expanding their organizations and streamlining their business structure. Moreover, these enterprises usually rely on limited resources for safeguarding their operations and solutions that generate revenue, which is further creating the requirement for BCM by SMEs. These factors, in turn, are encouraging the BCM market players to focus on offering more flexible services and solutions to the SMEs; this will also help them gain a new and massive consumer-base.

A key trend in the BCM market is the growing adoption of business impact analysis (BIA), which is because BIA assists SMEs and large enterprises in identifying critical activities and processes, such as return of investment. Several aspects included under BIA are storage optimization, increased expenses, regulatory fines, contractual penalties, delay of new business plans, modern workload protection, lost/delayed sales and income, network security, and customer dissatisfaction. Moreover, the players operating in the market offer risk identification and customizable impact assessment via BIA to the end users. Hence, the small and large enterprises are increasingly adopting BIA as it enables them to identify and evaluate the effects of potential disasters on business.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Adoption of Business Impact Analysis Driving Business Continuity Management Market here

News-ID: 1940536 • Views: 152

More Releases from P&S Intelligence

U.S. Beauty Devices Market with Global Key Companies Profile, Demand and Cost St …
The market is mainly driven by growing geriatric population, rising prevalence of skin diseases and hair loss, and increasing healthcare expenditure. Based on type of device, the beauty devices market in the U.S. is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $7.9 billion by 2023, registering
Global X-Ray Imaging Market Huge Growth Opportunity between 2022
The global X-ray imaging market is projected to grow at a significant rate in the coming years, which is attributed to the increasing healthcare expenditure, rising geriatric population, technological advancements in X-ray imaging, growing prevalence of chronic diseases, and surging need for diagnostic imaging procedures. Medical X-rays are utilized for generating images of tissues and structures inside the body. On the basis of portability, the market is bifurcated into portable
Magnetic Resonance Imaging (MRI) Systems Market Size, Share, Regional Outlook an …
The magnetic resonance imaging (MRI) systems market is being positively impacted by government support, the rising awareness on early disease diagnosis, increasing geriatric population, surging prevalence of chronic diseases, and technological advancements. The sale of such systems generated $5.9 billion in revenue in 2017, and the market is projected to progress at a CAGR of 5.2% during 2018-2023 (forecast period). MRI systems utilize radio waves and magnetic field to generate
Wide Applications in Several Industries Driving Polyimide Films Market
The global polyimide films market attained a value of $1,850.0 million in 2016and is projected to grow at a 10.1% CAGR during the forecast period (2017-2023). The market is growing because of the rising demand for electronic products, technological advancements in the aerospace and automobile industry, and wide applications in several industries. Polyimide films can be engineered and converted for meeting certain physical requirements for chemical, temperature, mechanical, and electrical

All 5 Releases


More Releases for BCM

Global Strain Gage Market 2019 - LCT, Omega, TML, BCM, Piezo-Metrics
Apex Market Research, recently published a detailed market research study focused on the “Strain Gage Market 2019” across the global, regional and country level. Strain Gage Market Research Report highlights extensive market insights of the Strain Gage industry, which offers definitions and a diverse range of market structures and characteristics, historic and present market values along with the expected future growth of the Strain Gage market for the forecast period.
Semiconductor Strain Gages Market - Key Players BCM Sensor, Micron Instruments, …
Semiconductor Strain Gages Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/37001 UpMarketResearch offers a latest published report on “Global Semiconductor Strain Gages Market Analysis and Forecast 2018- 2025” delivering key insights and providing a competitive advantage to
Global Strain Gages Market 2018 - KYOWA, LCT, Omega, TML, BCM
Apex Market Research, recently published a detailed market research study focused on the "Strain Gages Market" across the global, regional and country level. The report provides 360° analysis of "Strain Gages Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Strain Gages industry, and estimates the future trend of Strain Gages market
Global Semiconductor Strain Gauge Sensors Market 2018 - BCM Sensor, Kyowa, HT Se …
Apex Market Research, recently published a detailed market research study focused on the "Semiconductor Strain Gauge Sensors Market" across the global, regional and country level. The report provides 360° analysis of "Semiconductor Strain Gauge Sensors Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Semiconductor Strain Gauge Sensors industry, and estimates the
Tablet PC 2018 Global Key Players –AAEON, Advantech, Arbor, ATHESI, BCM Advanc …
Tablet PC Market 2018  Wiseguyreports.Com Adds “Tablet PC – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:  This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Tablet PC industry. This report splits Tablet PC market
Semiconductor Strain Gauge Sensors Market 2017- BCM Sensor, Micron Instruments, …
Apex Research, recently published a detailed market research study focused on the "Semiconductor Strain Gauge Sensors Market" across the global, regional and country level. The report provides 360° analysis of "Semiconductor Strain Gauge Sensors Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Semiconductor Strain Gauge Sensors industry, and estimates the future