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Business Market Insights published a research report on "Operational Risk Management Solution Market Analysis, Size, Share, Growth, Trends and Forecast to 2028-COVID-19 Impact And Global Analysis By Deployment (On-Premise And Cloud) And Enterprise Size (SMEs And Large Enterprise)," the market size is expected to grow from US$ 1,656.4 million in 2021 to US$ 3,098.0 million by 2028; operational risk management solution market share is estimated to grow at a CAGR of 9.4% from 2021 to 2028. This report provides analysis of top players in all regions with industry size, growth, technology, market insights, demand, trend, key statistics and industry forecasts to 2028. These factors consist of but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The market type, organization size, availability on-premises, end-users' organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept into focus while creating this global Operational Risk Management Solution market report.

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Operational Risk Management Solution Market Scenario

After the COVID-19 pandemic, corporate players have introduced changes in their operations by enabling flexible work schedules, allowing remote working, and enhancing the employee experience. The hybrid work models are defined as a more flexible, digital, and rewarding future for their employees. According to an article published by GENESIS INTEGRATION, 55% of the US workers want a work pattern that allows the mix of working from home and office. The article data also reveals that more than 2 in 5 working adults (42%) are willing to give up some percentage of their salary for higher flexibility at work. Further, 74% of newer generation would prefer either working from home or splitting work time between home and work, as per the article published by GENESIS INTEGRATION. The rising adoption of a potentially permanent hybrid workforce has led to an increase in operational risk management solutions due to the rise in cybersecurity attacks with remote working. Further, businesses also need to address the increasing risk of internal fraud.

According to the article by Risk Management Intelligence in October 2021, employee fraud cases in Asia Pacific region have increased over the past year in the COVID-19 pandemic. Some of the essential risks include procurement fraud, cash theft, and falsification of expense claims. Further, business processes will continue to transform in hybrid working environments, thereby increasing the demand for operational risk management solutions due to high risks. Internal controls and business continuity plans need to be reassessed and audited to ensure that operational and process risks are correctly mapped out and mitigated. Also, with increasing reliance on third-party service providers, including technology and business process outsourcing providers, organizations need to strengthen their third-party risk management strategy. Hence, with the rising adoption of the hybrid workforce model in the current scenario, several risks are also increasing, such as cybersecurity, internal fraud, and business process risks. Therefore, the growing implementation of hybrid work culture is creating significant opportunities for the future growth of the operational risk management solution market industry players.

Global Operational Risk Management Solution Market Report covers the manufacturer's data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Besides, the report also covers development segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries client's information, which is very important for the manufacturers.

List of the Top Key Players of Operational Risk Management Solution Market:
• Adapt IT Holdings Ltd
• MetricStream, Inc.
• RSA Security LLC
• TPSCO LLC
• Rombit NV
• SAP SE
• Shell International B.V.
• Sphera Solutions, Inc.
• TenForce
• Cura Global GRC Solutions PTE LTD
• ……

Scope of Operational Risk Management Solution Market Report

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The Operational Risk Management Solution market report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

In 2020, the COVID-19 pandemic had contributed to the operational risk management solution market growth, as millions of employees worked remotely. Such standard protective measures have resulted in the increased usage of third-party networks, digital platforms, and personal computing devices. Further, such network connectivity solutions increase the risks of cyberattacks and other malware.

Furthermore, the surge in digital traffic presented an opportunity to numerous online frauds, phishing attacks, denial of inventory, and ransomware attacks. According to the Global DNS Threat report, in 2021, 79% of global organizations experienced domain name system (DNS) attacks in 2020. Furthermore, the top DNS attacks included DNS phishing (~39%), DNS malware (~34%), distributed denial of service (DDoS) attacks (~27%), DNS hijacking/credential attacks (~12%), DNS tunneling (~17%), zero-day vulnerabilities (~16%), and cloud instance misconfiguration abuse (~13%)., Enterprises are adopting advanced operational risk management solutions to detect and manage any abnormal behavior in the networks due to the increased risks of cybercrimes. In 2021 and 2022, the growth of operational risk management solution market increased due to the rising trend of hybrid working styles among enterprises. The post-COVID-19 pandemic has created the demand for these solutions to mitigate supply chain risks in the healthcare & pharmaceutical industries. Also, the digital transformation of businesses in several sectors such as banking, financial services and insurance (BFSI), and transportation & logistics support the growth of the global operational risk management solution market.

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This Report lets you identify the opportunities in Operational Risk Management Solution Market by means of a region:
● North America (the United States, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
● Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
● South America (Brazil etc.)
● The Middle East and Africa (North Africa and GCC Countries)

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This release was published on openPR.