Global Risk Management Consulting Services Market by Type (Advanced Risk Analytics, Balance Sheet Management, Climate and ESG Risk Management), End-Users (Large Enterprise, SME), Industry - Forecast 2023-2030

The Risk Management Consulting Services Market size was estimated at USD 113.60 billion in 2022, USD 121.72 billion in 2023, and is expected to grow at a CAGR of 7.28% to reach USD 199.37 billion by 2030.

Risk management consulting services are essential for organizations as these services help them to identify, assess, and manage various types of risks that could negatively impact their business objectives. Risk management consulting services help organizations proactively manage risks, reduce the impact of potential risks, and enhance their overall business performance. The growing demand for business process improvisation and operational efficiency, advancements in ERP consulting & IT training, and the emergence of digital consulting raise the need for risk management consulting services to help organizations identify potential risks and formulate effective strategies to manage them. The macro-environmental factors are complex and difficult to predict, making it challenging for organizations to manage risks effectively. Additionally, the limited availability of skilled professionals in risk management can make it challenging for organizations to find and hire the right talent. Another potential challenge for organizations is the high cost and complexity of installing risk management software. This software can be costly to purchase and may need significant time and resources to implement and maintain. Organizations may need to invest in training to ensure employees can effectively use and derive value from the software. Moreover, the evolution of crowdsourcing and network-based consulting and the adoption of advanced data management strategies are creating the scope for innovation in risk management consulting services. By leveraging these trends, organizations can develop more effective risk management strategies that are better aligned with their long-term business goals and objectives.

Regional Insights

The proliferation of climate and ESG risk management frameworks with the constant need for financial management advice and support for businesses is increasing the adoption of risk management consulting services in the Americas. Surging stringent government regulatory compliance and increasing risk management adoption among financial institutions, especially in the newly growing ESG sector, expands market growth in EMEA. The increasing presence of SMEs across EMEA and APAC increases the adoption of risk management consulting services. According to the European Commission (EC), small and medium-sized enterprises (SMEs) are the backbone of Europe's economy, representing 99% of all European Union (EU) businesses. Around 100 million people are employed by small and medium-sized businesses, which contribute more than half of Europe's GDP and play a critical role in adding value to every economic sector. The presence of multinational companies (MNCs) across Australia, Hong Kong, Japan, Malaysia, the Philippines, Singapore, and Thailand and emerging digitalized trends in the region are increasing the demand for various risk management consulting services in the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Risk Management Consulting Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Risk Management Consulting Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Risk Management Consulting Services Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Actualize Consulting, Allianz Group, Aon PLC, Bain & Company, Inc., BearingPoint B.V., BlackRock, Inc., Boston Consulting Group, Capgemini SE, Consultport GmbH, Crisil Limited, Deloitte Touche Tohmatsu Limited, ECBM Insurance Brokers & Consultants, Ernst & Young Global Limited, FM Global Group, FTI Consulting, Inc., Grant Thornton LLP, Hartman Executive Advisors, HUB International Limited, International Business Machines Corporation, KPMG International Limited, Marsh & McLennan Companies, Inc., McKinsey & Company, MedPro Group, Mercadien Group, Mercer (US) LLC, NMS Consulting, Inc., Princeton Holdings Limited, Protiviti Inc., Risk Management Consulting LLC, SC&H Group, Inc., Willis Towers Watson Public Limited Company, and Worldwide Risk Management, Inc.

Market Segmentation & Coverage

This research report categorizes the Risk Management Consulting Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • Advanced Risk Analytics
  • Balance Sheet Management
  • Climate and ESG Risk Management
  • Commodity Market Risk
  • Compliance & Crisis Response
  • Credit Risk Management
  • Cybersecurity & Digital Risk
  • Network Risk
  • Operational Risk Management
• End-Users
  • Large Enterprise
  • SME
• Industry
  • Automotive
  • Financial Institutions
  • Insurance
  • Payments & Transaction Banking

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Risk Management Consulting Services Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Risk Management Consulting Services Market?
3. What are the technology trends and regulatory frameworks in the Risk Management Consulting Services Market?
4. What is the market share of the leading vendors in the Risk Management Consulting Services Market?
5. Which modes and strategic moves are suitable for entering the Risk Management Consulting Services Market?

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