Escalating Cyber Threats Drive Demand for Operational Risk Management Solutions In Organization Driver: A Major Catalyst in the Evolution of the Operational Risk Management Solution Market in 2025

How Is the Operational Risk Management Solution Market Projected to Grow, and What Is Its Market Size?
The operational risk management solution market has grown steadily in recent years. It will grow from $2.05 billion in 2024 to $2.25 billion in 2025, reflecting a CAGR of 10.0%. The growth is driven by the increasing demand for operational risk management solutions, widespread adoption by large enterprises, and the need to meet operational risks and comply with regulatory standards.

The operational risk management solution market is expected to grow strongly, reaching $3.27 billion by 2029 at a CAGR of 9.8%. The growth is driven by the rise in cyberattacks, increasing regulatory compliance, demand for risk analytics, and the impact of poor risk management. Key trends include technological advancements, product launches, hybrid working style implementations, and AI integration in operational risk management.

What Are the Key Drivers Behind the Growth of the Operational Risk Management Solution Market?
The surge in cyber attacks is projected to drive the expansion of the operational risk management solution market. Cyber attacks involve deliberate attempts to exploit vulnerabilities in digital systems, networks, or infrastructure, often leading to data breaches and operational disruptions. Operational risk management solutions help organizations identify, assess, and mitigate these risks, enhancing digital security and business continuity. For instance, in July 2023, the International Business Machines Corporation (IBM), a US-based technology firm, revealed that the total number of cybersecurity vulnerabilities tracked rose by 11%, from 21,518 in 2021 to 23,964 in 2022. Consequently, the increasing frequency of cyber attacks is fueling the demand for operational risk management solutions.

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Who Are the Major Industry Players Fueling Operational Risk Management Solution Market Expansion?
Major companies operating in the operational risk management solution market report are International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Fidelity National Information Services Inc., Wolters Kluwer N.V., Genpact Limited, SAS Institute Inc., Verint Systems Inc., Diligent Corporation, NAVEX Global Inc., Sphera Solutions Inc., MetricStream Inc., ACL Services Ltd., Ideagen Plc, Riskonnect inc., MEGA International Srl, Ncontracts LLC, Archer Technologies LLC, Resolver Inc., Origami Risk LLC, LogicManager Inc., Cura Global GRC Solutions Pte Ltd., TENFORCE, Quantivate LLC, SAI Global Pty Limited, ProcessUnity Inc., RiskWatch International LLC

Which Key Developments Are Influencing the Operational Risk Management Solution Market?
Companies in the operational risk management solution market are prioritizing product innovations like risk-based monitoring solutions to facilitate intelligent decision-making, improve compliance, and enhance clinical trial efficacy. Risk-based monitoring employs AI and machine learning to remotely track study and site risks in clinical trials. For example, in April 2022, Tata Consultancy Services (TCS), an India-based IT firm, launched the TCS ADD suite, a risk-based monitoring solution for clinical trials. This AI-driven platform improves clinical operational analytics and study quality by remotely monitoring study risks and optimizing trial efficiency. It enables biopharmaceutical companies and contract research organizations (CROs) to identify study and site risks through advanced statistical algorithms, facilitating proactive, data-driven decision-making.

How Is the Segmentation of the Operational Risk Management Solution Market Defined?
The operational risk management solution market covered in this report is segmented -

1) By Type: Risk Assessment And Mitigation Tools, Compliance Risk Management Software, Operational Risk Management Software, Risk Management Frameworks, Other Types
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Small And Medium-Sized Enterprise (SME), Large Enterprise

Subsegments:
1) By Risk Assessment And Mitigation Tools: Risk Identification Tools, Risk Analysis Tools, Risk Prioritization Tools, Risk Monitoring Tools
2) By Compliance Risk Management Software: Regulatory Compliance Tracking, Compliance Reporting Tools, Audit Management Tools, Policy Management Tools
3) By Operational Risk Management Software: Risk Data Aggregation Tools, Key Risk Indicator (KRI) Monitoring, Loss Event Tracking, Scenario Analysis Tools
4) By Risk Management Frameworks: Risk Governance Frameworks, Risk Management Standards, Risk Culture Frameworks, Enterprise Risk Management Frameworks
5) By Other Types: Third-Party Risk Management Solutions, Business Continuity Planning Tools, Crisis Management Solutions, Incident Management Software

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What Is the Leading Region in the Operational Risk Management Solution Market?
North America was the largest region in the operational risk management solution market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operational risk management solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Operational Risk Management Solution Global Market Report?

- Market Size Analysis: Analyze the Operational Risk Management Solution Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Operational Risk Management Solution Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Operational Risk Management Solution Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Operational Risk Management Solution Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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