Third-Party Risk Management Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global third-party risk management market is expected to grow from $3.1 billion in 2018 to $6.9 billion in 2026 with a CAGR of 15% over the forecast period 2021-2027.

The value of the global Third-Party Risk Management market was USD 3.1 billion in 2018 and is expected to reach USD 6.9 billion by the end of 2026, with an annual average growth of 15%. Strict compliance obligations to address third-party risks, the lack of in-house capabilities of organizations across multiple verticals, and increasing cyber-attack cases are expected to accelerate the demand for the third-party risk management market during the forecast period. Low installation and maintenance costs drive adoption of cloud-based third-party risk management solutions.

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Third-Party Risk Management Market Segmentation

By Component

• Solution

o Financial Control Management
o Contract Management
o Operational Risk Management
o Audit Management
o Compliance Management
o Others

• Service

o Professional
o Managed

By Deployment Mode

• Cloud
• On-premises

By Industry

• BFSI
• IT and Telecom
• Healthcare and Life Sciences
• Government, Defense,` and Aerospace
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Others

Key Players

• RSA
• Genpact
• MetricStream
• Deloitte
• KPMG
• BitSight Technologies
• Ernst & Young
• PwC
• ProcessUnity
• Venminder
• Resolver

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• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Third-Party Risk Management Market Report

• What was the Third-Party Risk Management Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Third-Party Risk Management Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Third-Party Risk Management Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.