Press release
Third-Party Risk Management Market Size, Share, Growth Trends and Report 2024-2031
Third-Party Risk Management Market - DataM Intelligence
The global Third-Party Risk Management (TPRM) Market is set to grow substantially, with a projected CAGR of 17.8% during the period from 2024 to 2031. TPRM focuses on identifying and mitigating risks associated with third-party vendors, making it an essential aspect of modern business operations.
Market Dynamics
The market is primarily driven by heightened security concerns, especially in the context of the pandemic, where remote operations and data sharing have increased vulnerabilities. However, the high financial investment required for advanced risk management solutions poses a challenge to market growth.
Download Exclusive Research Report PDF Sample: https://www.datamintelligence.com/download-sample/third-party-risk-management-market
COVID-19 Impact
The COVID-19 pandemic accelerated the need for robust third-party risk management as businesses shifted to remote work and faced disruptions in supply chains. Cybersecurity threats also increased, necessitating advanced risk management technologies.
Market Segmentation
The TPRM market is segmented by component, deployment mode, organization size, end-user, and region. Solutions dominate the market segment due to increased outsourcing and technological advancements.
Geographical Insights
North America leads the global TPRM market, driven by mature economies like the U.S. and Canada. The region's early adoption of risk management solutions and regulatory pressures contribute to its dominance.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/third-party-risk-management-market
Competitive Landscape
Key players in the market include RSA Security LLC, MetricStream, KPMG International, Deloitte Touche Tohmatsu Limited, and others. These players focus on product launches, acquisitions, and collaborations to enhance their market presence.
Company Spotlight: MetricStream
MetricStream offers Integrated Risk Management Solutions & Governance, Risk, and Compliance (GRC) leveraging artificial intelligence. Their product portfolio includes Enterprise Risk Management solutions that provide comprehensive risk assessment and management capabilities.
Future Outlook
The TPRM market is expected to witness significant growth post-pandemic as businesses prioritize risk management and compliance. Advanced technologies like AI and machine learning will play a crucial role in enhancing risk management capabilities.
Overall, the TPRM market presents substantial growth opportunities fueled by increasing security concerns, regulatory pressures, and technological advancements in risk management solutions.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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 Size, Share, Growth Trends and Report 2024-2031 here
News-ID: 3511989 • Views: …
More Releases from DataM Intelligence 4market Research LLP
Mobile Identity Management Market to Reach US$ 16.97 Billion by 2030 Growing at …
The Mobile Identity Management Market reached approximately US$ 4.09 billion in 2024 and is expected to grow to around US$ 16.97 billion by 2030, expanding with a CAGR of approximately 26.8 % from 2024 to 2030 as organizations increasingly prioritize secure and seamless mobile authentication and identity verification solutions.
Growth is supported by increasing demand across key applications such as multi-factor authentication, biometric identity verification (including fingerprint and facial recognition), mobile…
Cerebrospinal Fluid Management Market to Reach US$ 3.4 Billion by 2030 Growing a …
The Cerebrospinal Fluid Management Market reached approximately US$ 2.2 billion in 2024 and is expected to grow to around US$ 3.4 billion by 2031, expanding at a CAGR of about 6.1 % from 2024 to 2031 as the prevalence of neurological disorders and demand for advanced cerebrospinal fluid management solutions increases globally.
Growth is supported by increasing demand across key applications such as CSF shunts, external drainage systems, and related management…
Electrosurgical Pencils Market Size 2033 US$ 2.86 Billion CAGR 7.8% North Americ …
The Electrosurgical Pencils Market reached US$ 1.48 billion in 2024 and is expected to grow to around US$ 2.86 billion by 2033, expanding with a CAGR of approximately 7.8 % from 2025 to 2033 as demand for precision surgical instruments and minimally invasive procedures rises globally.
Growth is supported by increasing demand across key applications such as general surgery, orthopedic surgery, cardiovascular surgery, cosmetic and neurological procedures, driven by rising numbers…
Clinically Isolated Syndrome Treatment Market Size 2030 US$ 2.4 Billion CAGR 6.4 …
The Clinically Isolated Syndrome Treatment Market reached US$ 1.6 billion in 2024 and is expected to grow to around US$ 2.4 billion by 2030, expanding with a CAGR of approximately 6.4 % from 2024 to 2030 as demand for early intervention therapies and disease‐modifying treatments increases globally.
Growth is supported by increasing demand across key treatment segments such as disease‐modifying therapies (DMTs), vitamin D supplements, and supportive care regimens, driven…
More Releases for Risk
The Risk Side of Crypto Trading: Safety Tips + Risk Management
The Risk Side of Crypto Trading: Safety Tips + Risk Management
Cryptocurrency trading can be exciting, fast-moving, and potentially profitable. But it also carries serious risks that many beginners underestimate.
From dramatic price swings in Bitcoin to rapid market shifts in Ethereum, crypto markets are among the most volatile financial environments in the world.
If you're entering crypto trading - especially short-term or automated trading - understanding the risk side is not optional.
In…
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…
