Escalating Cyber Threats Drive Demand for Operational Risk Management Solutions In Organization: A Key Driver Powering Operational Risk Management Solution Market Growth In 2025

The Operational Risk Management Solution Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Operational Risk Management Solution Market Size and Its Estimated Growth Rate?
There has been significant growth in the market size of operational risk management solutions in the past few years. It is expected to expand from $2.05 billion in 2024 to $2.25 billion in 2025, representing a compound annual growth rate (CAGR) of 10.0%. The historical growth trend can be traced back to the higher demand for operational risk management solutions, wider acceptance of these solutions by large-scale businesses, needs to manage operational risks, and strict regulations.

The market for operational risk management solutions is predicted to experience significant growth in the coming years, with an estimate to reach a value of $3.27 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. This expected growth during the forecast period is a result of an increase in cyber attacks on various institutions, enhanced government compliance to strict industry standards, and an elevated number of occurrences necessitating risk analytics due to the effects of ill-equipped risk management. The forecast period will also witness several trends such as technological advancements facilitating new product introductions and upgrades, the adoption of blended working models, and the incorporation of artificial intelligence into operational risk management.

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How Are Emerging Segments Shaping the Operational Risk Management Solution Market Landscape?
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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Which Growth Factors Are Influencing Operational Risk Management Solution Market Expansion?
The operational risk management solution market is predicted to surge due to the increasing prevalence of cyber attacks. A cyber attack is a calculated attempt with malicious intent to exploit weaknesses in computer systems, networks, or the digital foundation to cause damage, access sensitive data without permission, or disrupt normal procedures. These cyber attacks utilize operational risk management solutions to proactively pinpoint, evaluate, and address potential weaknesses in an organization's digital system. The aim is to increase resistance, safeguard confidential data, and ensure operational continuity by reducing the impact of cyber threats. To illustrate, the International Business Machines Corporation, a US technological firm, reported in July 2023 that the total tracked cybersecurity vulnerabilities expanded from 21,518 in 2021 to 23,964 in 2022, reflecting a significant 11% rise. As a result, the expanding frequency of cyber attacks is fuelling the growth of the operational risk management solution market.

Who Are the Dominant Players Across Different Operational Risk Management Solution Market Segments?
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

What Are the Latest Developing Trends in the Operational Risk Management Solution Market?
Key players in the operational risk management solution market are prioritizing product innovations, such as risk-based monitoring solutions, to bolster smart decision making, advance compliance, and improve study effectiveness. The risk-based monitoring solution employs a data-centric tactic, utilizing machine learning and AI, to oversee study and location risks in clinical trials from a remote location. For example, in April 2022, Tata Consultancy Services (TCS), an IT company based in India, introduced the TCS ADD suite, its own risk-based monitoring solution for clinical trials intended to boost clinical operational analytics and amp up study quality. This solution applies machine learning and AI to monitor study and site risks from afar and amplify study effectiveness. It assists biopharmaceutical and contract research organizations (CROs) in pinpointing study and site risks through advanced statistical algorithms, thereby facilitating smart, data-driven decisions. The data science-led risk-based monitoring solution can precisely forecast results related to site workload and risks, thus paving the way for stakeholders to prepare proactive monitoring strategies.

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Which Geographic Regions Are Expected to Dominate the Operational Risk Management Solution Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Operational Risk Management Solution Market?
2. What is the CAGR expected in the Operational Risk Management Solution Market?
3. What Are the Key Innovations Transforming the Operational Risk Management Solution Industry?
4. Which Region Is Leading the Operational Risk Management Solution Market?

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