Primary Catalyst Driving Risk Management Market Evolution in 2025: Rising Cyber Threats Propel Growth In The Risk Management Market Driver

What combination of drivers is leading to accelerated growth in the risk management market?
Escalating cyber threats are anticipated to fuel the expansion of the risk management market. These threats represent harmful actions that take advantage of weaknesses in computer systems, networks, or digital devices to achieve various objectives, such as financial gain, espionage, operational disruption, or harm to reputation. The rapidly digitizing society has enhanced the attack landscape, offering more targets for cybercriminals to exploit. Risk management methodologies assist companies in recognizing and comprehending the various cyber threats they encounter, such as malware, phishing attacks, data leaks, and internal threats. For example, the Australian Cyber Security Centre, a cyber security body based in Australia, reported receiving 76,000 cybercrime reports in November 2022, marking a 13% rise from the previous year. Consequently, the escalating cyber threats are contributing to the expansion of the risk management market.

Get Your Risk Management Market Report Here:
https://www.thebusinessresearchcompany.com/report/risk-management-global-market-report

What is the projected compound annual growth rate (CAGR) of the risk management market from 2025 to 2034, and what factors influence it?
In recent years, the market size for risk management has significantly expanded. With a 14.0% compound annual growth rate (CAGR), it is projected to increase from $12.09 billion in 2024 to a notable $13.78 billion in 2025. Factors such as augmented regulatory demands, advancement in insurance, escalating financial crises, and the process of globalization have led to this upsurge seen in the historic period.

The market size for risk management is anticipated to undergo swift expansion in the coming years, reaching a value of $21.62 billion in 2029, with a compound annual growth rate (CAGR) of 11.9%. The predicted growth during this period can be attributed to the surge in cybersecurity threats, greater economic instability, and escalating concerns related to health and safety. The key trends anticipated for the forecast period include the incorporation of AI and machine learning, cybersecurity threats, environmental risks due to climate change, supply chain robustness, adherence to regulations and operational resilience.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14177&type=smp

How are the latest trends influencing the growth of the risk management market?
Prominent firms in the risk management market are pioneering new technologies such as enterprise risk management (ERM) automation tools in order to stand out in the market. The ERM automation tool, a software application, assists businesses, notably those in the technology sector, in automating their risk management procedures. For example, in January 2024, Insurtech Koop Insurance, an American insurance firm, introduced a revolutionary ERM automation tool. This tool, designed to provide a pleasant risk management experience for technology clients, includes features like managing contractual requirements, reporting risk events, implementing controls, and smart coverage. The tool's purpose is to aid technology businesses to manage risks more adeptly and flexibly, preserving their flexibility and competitiveness in the fast-paced tech market.

What are the major segments of the risk management market and their role in driving growth?
The risk management market covered in this report is segmented -

1) By Component: Solution, Services, Professional, Managed
2) By Deployment Mode: Cloud-based, On-premises
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Healthcare, Retail, Manufacturing, Government And Defense, Transport And Logistics, Energy And Utilities, Other Verticals

Subsegments:
1) By Solution: Risk Assessment Software, Compliance Management Software, Incident Management Software, Fraud Detection Solutions, Enterprise Risk Management (ERM) Solutions
2) By Services: Risk Consulting Services, Risk Assessment Services, Training And Education Services, Implementation Services
3) By Professional: Risk Management Advisors, Compliance Officers, Risk Analysts, Auditors
4) By Managed: Managed Risk Services, Outsourced Risk Management Solutions, Managed Security Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14177

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

Who are the key firms paving the way for growth in the risk management market?
Major companies operating in the risk management market are Berkshire Healthway Inc., Allianz SE, AXA SA, accenture* plc, Tokio Marine Holdings, Deloitte Touche Tohmatsu Limited, PwC (PricewaterhouseCoopers), Liberty Mutual Insurance, Ernst & Young (EY), Chubb Limited, Zurich Insurance Group, Travelers Companies Inc., KPMG, Capgemini SE, Catlin Group Limited, Marsh & McLennan Companies, Aon plc, Willis Towers Watson, Gallagher, FM Global, Genpact, Munich Re Group, Hiscox Ltd., RSA Insurance Group, Lockton Companies, Verisk Analytics Inc., Protiviti Pvt. Ltd., SAI Global, Swiss Re Ltd., Risk Management Solutions (RMS)

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14177&type=smp

What Is Covered In The Risk Management Global Market Report?

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

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.