Quick Summary:
In a progressively interconnected world, the importance of managing risks presented by third-party entities is more essential than ever. The global market for Third-Party Risk Management is set to expand significantly in the coming years, making our new market research report an invaluable tool for senior business executives. This comprehensive analysis projected the market to reach a revised size of US$21.4 Billion by 2030, propelled by innovative solutions among other growth drivers.
Boosted by rise in digital commerce and increased transnational business operations, established regions like the U.S. alongside emerging markets such as China are set to experience substantial growth. The report also includes in-depth insights into industry competition, featuring key players like Aravo, IBM, and Deloitte. Additionally, the report offers unique coverage of critical global trends and a helpful Research Platform. Stay ahead by obtaining this market research report, your decisive guide to navigating the growing Third-Party Risk Management market landscape.
Global Third-Party Risk Management Market to Reach $21.4 Billion by 2030
The global market for Third-Party Risk Management estimated at US$7.3 Billion in the year 2022, is projected to reach a revised size of US$21.4 Billion by 2030, growing at a CAGR of 14.5% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 13.4% CAGR and reach US$12.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 16% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 20.4% CAGR
The Third-Party Risk Management market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 20.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 11.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.Select Competitors (Total 36 Featured) -
- Aravo
- Bitsight Technologies
- Deloitte
- Ernst & Young
- Galvanize
- Genpact
- IBM
- KPMG
- LogicManager
- MetricStream
- NAVEX Global
- OneTrust
- Optiv Security
- Prevalent
- ProcessUnity
- PwC
- RapidRatings
- Resolver
- Riskpro
- RSA Security (Dell)
- SAI Global
- Venminder
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Third-Party Risk Management?
What is the growth rate of the Global Market for Third-Party Risk Management?
What is the forecasted size of the Global Market for Third-Party Risk Management?
Who are the key companies in the Global Market for Third-Party Risk Management?
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 7.3 Billion |
| Forecasted Market Value ( USD | $ 21.4 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aravo
- Bitsight Technologies
- Deloitte
- Ernst & Young
- Galvanize
- Genpact
- IBM
- KPMG
- LogicManager
- MetricStream
- NAVEX Global
- OneTrust
- Optiv Security
- Prevalent
- ProcessUnity
- PwC
- RapidRatings
- Resolver
- Riskpro
- RSA Security (Dell)
- SAI Global
- Venminder
