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Risk Management Market Details 2020 SWOT Analysis | IBM Corporation, Lockpath, Inc., LogicManager, Inc., MetricStream Inc., Qualys, Inc., SAP SE, SAS Institute Inc.
The global risk management market was pegged at $6.25 billion in 2018 and is anticipated to reach $18.50 billion by 2026, growing at a CAGR of 14.6% during the estimated period.
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The global risk management market report includes an in-depth analysis of the major market players such as Lockpath, Inc., IBM Corporation, SAP SE, ServiceNow, SAS Institute Inc., Qualys, Inc., Thomson Reuters, RSA Security LLC, MetricStream Inc., and LogicManager, Inc.
The global risk management market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to manifest the fastest CAGR of 16.1% during the forecast period. However, the market across North America held the largest share in one-third of the market.
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By industry vertical, the market is bifurcated into BFSI, IT& telecom, retail, healthcare, energy & utilities, manufacturing, government & defense and others. The BFSI segment held the lion's share in 2018, accounting for one-fourth of the market. However, the manufacturing segment is projected to register the highest CAGR of 17.7% during the forecast period.
The global risk management market is divided on the basis of component, deployment model, organization size, industry vertical, and geography. Based on the component, the market is categorized into solution and services. The service segment is expected to manifest the fastest CAGR of 17.0% during the forecast period. However, the software segment dominated the market by three-fourths of the market.
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On the basis of the deployment model, the global risk management market is categorized into on-premise and cloud and based on organization size, it is divided into large enterprises and small & medium enterprises.
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