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Risk Management Market Giants Spending Is Going To Boom | ServiceNow, RSA Security LLC, Thomson Reuters

02-07-2023 03:04 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Risk management market

Risk management market

Increased data & security breaches in enterprises, stringent government regulatory compliances, rapid development in IoT landscape, and adoption of risk management among financial institutions drive the growth of the global risk management market.

However, high cost and complexity in installation and configurations hamper the market growth. On the contrary, a rise in demand from developing countries and the integration of artificial intelligence in risk management software are expected to create lucrative opportunities in the near future.

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As per the report published by Allied Market Research, 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.

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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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.

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.

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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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.

Key Benefits For Stakeholders:

• The study provides an in-depth analysis of the APAC ERP software market share along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about key drivers, restraints, and opportunities and their impact analysis on the APAC ERP software market size is provided.

• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific ERP software industry.

• The quantitative analysis of the Asia-Pacific ERP software market share from 2020 to 2030 is provided to determine the Asia-Pacific ERP software market potential.

Access the full summary at: https://www.alliedmarketresearch.com/risk-management-software-market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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