openPR Logo
Press release

Third-Party Risk Management Market overview by recent opportunities, growth size, regional analysis and forecast 2031 - Genpact, MetricStream

02-28-2023 06:00 PM CET | Media & Telecommunications

Press release from: Global Insight Services

Third-Party Risk Management Market

Third-Party Risk Management Market

Global Third-Party Risk Management Market report from Global Insight Services is the single authoritative source of intelligence on Third-Party Risk Management Market The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market.

To Remain 'Ahead' Of Your Competitors, Request for A Sample -https://www.globalinsightservices.com/request-sample/GIS24075

Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

To Remain 'Ahead' Of Your Competitors, Request for A Sample - report from Global Insight Services is the single authoritative source of intelligence on Ginger Beer Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read More Report of Third-Party Risk Management Market : https://www.globalinsightservices.com/reports/third-party-risk-management-market/

Third-party risk management (TPRM) is the process of assessing, monitoring, and managing the risks associated with outsourcing to service providers or other third parties. TPRM helps organizations identify, assess, and mitigate risks that could arise from working with third parties. It also helps ensure that risks are managed effectively and that contracts are in place to protect the organization.

Organizations outsource a variety of services, including IT, accounting, and human resources. When outsourcing, organizations transfer some degree of control over the service to the third party. This can create risks, such as the potential for data breaches or the loss of confidential information. TPRM helps organizations identify and manage these risks.

Key Trends

There are a few key trends in third-party risk management technology:

1. Increased focus on automation and data-driven decision making - With the increasing complexity of the supply chain and the number of third-party relationships, organizations are turning to technology to help automate and streamline the risk management process. This includes using data analytics to identify and assess risks, as well as automating key steps in the risk management process such as onboarding, monitoring, and contract management.

2. Greater integration with enterprise risk management - As third-party risk management becomes more strategic and complex, there is a trend towards integrating it with enterprise risk management. This includes sharing data and risk information between the two functions, as well as using common risk assessment frameworks and tools.

3. Increased use of cloud-based solutions - Cloud-based solutions are becoming increasingly popular in third-party risk management as they offer flexibility, scalability, and cost savings. These solutions are often used for data storage and analysis, as well as for automating key processes such as onboarding and contract management.

4. Increased focus on cyber security - With the growing importance of data security and privacy, cyber security is becoming a key concern in third-party risk management. Organizations are increasingly looking for vendors that offer robust cyber security controls and are taking steps to ensure that their own internal systems are secure.

Key Drivers

There are a number of key drivers of the third-party risk management market. One of the most important drivers is the increasing regulation of the financial sector. In particular, the introduction of the Dodd-Frank Act in the United States and the Basel III Accord in Europe have placed increased emphasis on the need for banks and other financial institutions to effectively manage their risks. This has led to a greater demand for third-party risk management solutions that can help financial institutions comply with these regulations.

Another key driver of the third-party risk management market is the increasing globalisation of businesses. As businesses expand their operations into new markets, they are exposed to a greater range of risks. This has led to a need for third-party risk management solutions that can help businesses manage these risks.

Finally, the third-party risk management market is also being driven by the increasing use of cloud-based solutions. Cloud-based solutions offer a number of advantages over traditional on-premises solutions, including increased flexibility and scalability. This is making them increasingly popular with organisations of all sizes.

Get A Customized Scope to Match, Your Need Ask an Expert -https://www.globalinsightservices.com/request-customization/GIS24075

Market Segments

The Third-Party Risk Management Market is segmented on the basis of component, service, and region. On the basis of component, the market is categorized into solution, financial control, contract, operational risk, audit, and compliance. As per service, it is divided into professional and managed. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Third-Party Risk Management Market report includes players such as Genpact, MetricStream, Deloitte, KPMG, BitSight Technologies, Ernst & Young, PwC, ProcessUnity, Venminder, Resolver and NAVEX Global.

For In-Depth Competitive Analysis, Purchase this Report -https://www.globalinsightservices.com/checkout/single_user/GIS24075

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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 Third-Party Risk Management Market overview by recent opportunities, growth size, regional analysis and forecast 2031 - Genpact, MetricStream here

News-ID: 2953354 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Risk

RiskWatch Launches Risk Management Software: Streamlined Risk Assessments and In …
RiskWatch International, a leading provider of compliance and risk management solutions, has announced the launch of its comprehensive Risk Management Software. This user-friendly platform empowers organizations of all sizes to proactively identify, assess, and mitigate risks, fostering a culture of resilience and success. RiskWatch Risk Management Software delivers a robust suite of features, including: ● Comprehensive Risk Templates: Build a customized library of risk templates tailored to your specific needs, encompassing
SMARTER RISK LAUNCHES REVOLUTIONARY AUTOMATED RISK CONTROL SOLUTION
Winston-Salem, N.C. - Smarter Risk, a risk control solutions provider, is proud to announce the launch of its newest product, Automated Risk Control (ARC) - a first-of-its-kind scalable risk control platform designed for the insurance industry. ARC delivers unmatched speed, efficiency, and cost savings by automating the entire risk assessment process, from data collection to reporting. With assessments taking just 15 minutes and turnaround times of two business days, ARC
Construction Risk Software Market is Booming Worldwide : Risk Decisions, Sword A …
2020-2025 Global Construction Risk Software Market Report - Production and Consumption Professional Analysis (Impact of COVID-19) is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Construction Risk Software Market. Some of the key players
Future Growth In Risk Analytics Market - Segmented By Material Type (Software An …
​The global risk analytics market was valued at, and is expected to reach a 2023 at a CAGR of +13%, during the forecast period (2018-2023). The market is segmented by type of offering, applications, end-user vertical, and geography. This report focuses on adoption of these solutions for various applications various regions. The study also emphasizes on latest trends, industry activities, and vendor market activities. Approximately 73% of the banks are
Risk Analysis and Risk Management for Public Private Partnerships
Practical Seminar, 21st – 22nd March 2013, Berlin For many public institutions that plan new projects in the sectors of public buildings, infrastructure or energy and waste, Public Private Partnerships are an attractive alternative to traditional tender and delivery strategies. However, risks in PPPs have to be identified, analysed and allocated to the right partner before embarking on a project. • What is risk • What types of risks exist for which type of
Online Risk Check Analyzes Weighing Risk in Minutes
Mettler Toledo, the leading manufacturer of precision instruments, developed the Risk Check: An online tool to analyze the weighing risk of balances from all kinds of manufacturers. The Risk Check defines the weighing risk to optimize the performance and quality of a balance. It is based on the international weighing guideline Good Weighing Practice (GWP), which is appropriate for persons in charge of quality management in the pharmaceutical, chemical and