Third-Party Risk Management Market to Witness Huge Growth by Key Players:Global Key Players like RSA, Genpact, MetricStream, Deloitte and Others.

According to Market Study Report, Third-Party Risk Management Market provides a comprehensive analysis of the Third-Party Risk Management Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Global Third-Party Risk Management (TPRM) Market size is projected to grow from USD 3.2 Billion in 2019 to USD 6.8 Billion by 2024, at a CAGR of 15.9% during the forecast period. This report spread across 182 Pages, Profiling 20 Companies and Supported with 126 Tables and 46 figures are now available in this research.

Top Companies Profiled in the Third-Party Risk Management Market:
• RSA (US)
• Genpact (US)
• MetricStream (US)
• Deloitte (US)
• KPMG (Netherlands)
• BitSight Technologies (US)
• Ernst & Young (UK)
• PwC (UK)
• ProcessUnity (US)
• Venminder (US)
• Resolver (Canada)
• NAVEX Global (US)
• Riskpro (India)
• SAI Global (US)
• RapidRatings (US)
• Optiv (US)
• Aravo (US)
• OneTrust (US and UK)
• Galvanize (Canada)
• Prevalent (US)

“By component, the services segment is expected to grow at a higher CAGR than the solution segment during the forecast period.”
TPRM services have become a necessity for integrating and managing solutions. The services are categorized into professional and managed services. These services help enterprises by managing and ensuring the smooth functioning of TPRM solution over a time period. The growing virtualization across industries and the adoption of cloud computing is promoting the demand for TPRM solution in various countries.

“By service, the professional services segment is estimated to gain a larger market size than the managed services segment in 2019”
Services offered by professionals, specialists, or experts to support businesses are known as professional services. These services include design and integration, consulting, and support and maintenance. Professional services play a vital role in the TPRM ecosystem, and service providers in the TPRM market are associated with similar functions.

“Asia Pacific TPRM market is expected to register the highest growth rate during the forecast period”
APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global TPRM market during the forecast period.

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Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 25%, Tier 2 – 55%, and Tier 3 – 20%
• By Designation: C-level – 50%, Directors – 30%, and Others – 20%
• By Region: North America – 55%,Europe– 25%, Asia Pacific– 15%,and RoW – 5%

Competitive Landscape of Third-Party Risk Management Market:
1 Introduction
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Innovators
2.4 Emerging Companies
3 Competitive Scenario
3.1 New Product Launches and Product Enhancements
3.2 Partnerships and Collaborations
3.3 Mergers and Acquisitions

Reason to access this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall TPRM market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.