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:

More Releases from P&S Intelligence

Remote Access Provided by Cloud Category Fuels Call Center AI Market
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media. In order to pace up the 4th industrial revolution, businesses across various industries
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Market
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG. North America will grow the fastest with a rate of 10.5% in
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Market
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use. Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls
North America, the Largest Revenue Producer in Public Safety and Security Market
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities

All 5 Releases


More Releases for BCM

Body Control Module Market Size, by Functionality (High End BCM, Low End BCM), A …
Global Body Control Module Market 2019 industry report offers highlights the detailed study of market containing overview, dimensions, producers, value, price, growth rate, consumption, export, import, sales revenue of industry. This report provide in depth coverage from various aspects and scenario to future trends and opportunities. The report also provides useful insights for each new well as established players of the world market. You can get a sample copy of this
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.
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
Global Embedded Board Market 2018 - AVX, Hitaltech USA, BCM Advanced Research
Global Embedded Board Market 2018 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, Embedded Board piece of the overall industry and Growth patterns, concentrating on driving Embedded Board industry players, showcase size, request and supply examination, utilization volume, Forecast 2017 to 2025. The major regions present in the continents like United States, Germany, Japan and China and their contribution to global Embedded Board market is
Resistive Strain Gauges Market Size 2017 Celmi, Minebea, OMEGA, BCM SENSOR
Resistive Strain Gauges market research 2017 Recent market study " Global Resistive Strain Gauges Market 2017" analyses the crucial factors of the Resistive Strain Gauges market based on present industry situations, market demands, business strategies adopted by Resistive Strain Gauges market players and their growth scenario. This report isolates the Resistive Strain Gauges market based on the key players, Type, Application and Regions. The Resistive Strain Gauges report provides the past,