Prominent Enterprise Risk Management Market Trend for 2025: Major companies operating in the enterprise risk management market are developing enterprise risk knowledge centres to enhance their risk management capabilities and foster a culture of informed

What industry-specific factors are fueling the growth of the enterprise risk management market?
The increasing frequency of data security infringements in businesses is fueling the growth of the enterprise risk management market. A data breach is a circumstance where information is extracted from a system without the approval or awareness of the owner. The rise in these breaches is due to factors like weak or stolen credentials, software vulnerabilities, malware, malicious insiders, and internal mistakes, amongst others. Enterprise risk management aids in identifying, assessing, and preparing for potential losses that might occur due to data breaches. For example, in September 2024, as stated by The Office of the Australian Information Commissioner (OAIC), an Australian government body, 63 data breaches were reported by Australian government agencies, contributing to 12% of all reported cases. Therefore, the escalating number of data security infringements is anticipated to steer the growth of enterprise risk management market.

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What Is the projected market size and growth rate for the enterprise risk management market?
In the past few years, the enterprise risk management market has seen a consistent increase in size. The market is projected to expand from a size of $5 billion in 2024 to $5.17 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.5%. This positive trend during the historical period can be linked to factors such as regulatory compliance requirements, cybersecurity risks, business continuity planning, advanced data analytics and insights, and disruptions in the supply chain.

Expectations are high for a robust expansion in the enterprise risk management market in the coming years. By 2029, the market is predicted to reach a valuation of $7.28 billion, boasting a compound annual growth rate (CAGR) of 8.9%. This predicted growth during the forecast period can be traced back to the identification of novel risks, preparedness for pandemics, changing regulations and their complexities, and crisis management and response mechanisms. Looking forward, the trends likely to characterise this period include the integration with nascent technologies, the management of cybersecurity risks, the amalgamation of artificial intelligence (AI) and machine learning (ML), responses to climate change and ESG (environmental, social, governance) risks, and managing risks associated with third parties.

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What new trends are reshaping the enterprise risk management market and its opportunities?
Leading businesses in the enterprise risk management market are establishing knowledge centres specialized in enterprise risk to bolster their risk management competencies and promote a data-driven decision-making culture. Serving as a consolidated database for premier methodologies, tools, and best practices, these centres enable firms to spot, evaluate, and alleviate risks in a more robust manner. Take for instance, in August 2024, the Indian professional organization, IRM India Affiliate, launched the Enterprise Risk Knowledge Centre. This serves as a fully integrated portal for all Enterprise Risk Management (ERM) resources. Designed as an exhaustive resource center for risk management professionals, it offers access to a broad spectrum of assets, from research papers and best practice manuals to training materials. Its primary goal is to foster a knowledge exchange and collaborative environment among industry practitioners, thereby helping businesses fortify their risk evaluation frameworks and amplify their overall risk management tactics.

What major market segments define the scope and growth of the enterprise risk management market?
The enterprise risk management market covered in this report is segmented -

1) By Deployment: Cloud, On-Premises
2) By Component: Hardware, Software, Services
3) By Industry Vertical: BFSI, IT And Telecom, Retail, Healthcare, Energy And Utilities, Manufacturing, Government And Defense

Subsegments:
1) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud, Cloud-based Risk Management Solutions
2) By On-Premises: On-Premises Software Solutions, On-Premises Infrastructure Management, Custom On-Premises Implementations

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Which region dominates the enterprise risk management market?
North America was the largest region in the enterprise risk management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the enterprise risk management industry growth?
Major companies operating in the enterprise risk management market include Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Capgemini SE, Infosys Limited, Fidelity National Information Services Inc., Thomson Reuters Corporation, Wolters Kluwer N.V., ACL Services Ltd., RSA Security LLC, OneTrust LLC, MetricStream Inc., NAVEX Global Inc., Cority Inc., Riskonnect Inc., Enablon Inc., GRC Solutions Inc., Galvanize Inc., Resolver Inc., ProcessUnity Inc., LockPath Inc., Aravo Solutions Inc., BWise Inc., LogicManager Inc., LogicGate Inc., Quantivate Inc., SAI Global Pty. Ltd., Optial Inc., Rsam LLC, Ideagen Ltd.

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What Is Covered In The Enterprise Risk Management Global Market Report?

•Market Size Forecast: Examine the enterprise risk management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enterprise risk management market for a structured understanding.
•Key Players Overview: Analyze major players in the enterprise risk management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enterprise risk management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enterprise risk management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enterprise risk management market.
•Industry Challenges: Identify potential risks and obstacles affecting the enterprise risk management market.
•Competitive Landscape: Review strategic developments in the enterprise risk management market, including expansions, agreements, and new product launches.

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