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The third-party risk management market is forecasted to grow by USD 9.78 billion during 2024-2029, accelerating at a CAGR of 18.5% during the forecast period. The report on the third-party risk management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits associated with third-party risk management, rise in adoption of cloud-based third-party risk management, and exponential growth in corporate data.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The third-party risk management market is segmented as below:
By Component
- Solution
- Service
By Deployment
- Cloud
- On-premises
By Consumer
- Large enterprises
- SMEs
By End-user
- BFSI
- IT and telecom
- Healthcare
- Retail
- Others
By Service
- Professional services
- Management services
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the third-party risk management market covers the following areas:
- Third-Party Risk Management Market sizing
- Third-Party Risk Management Market forecast
- Third-Party Risk Management Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Component
9 Market Segmentation by Deployment
10 Market Segmentation by Consumer
11 Market Segmentation by End-user
12 Market Segmentation by Service
13 Customer Landscape
14 Geographic Landscape
15 Drivers, Challenges, and Opportunity/Restraints
16 Competitive Landscape
17 Competitive Analysis
18 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global third-party risk management market: Aravo Solutions Inc., BitSight Technologies Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Diligent Corp., Ernst and Young Global Ltd., Genpact Ltd., iMedX Inc., KPMG International Ltd., Kroll LLC, MetricStream Inc., NAVEX Global Inc., OneTrust LLC, Optiv Security Inc., PricewaterhouseCoopers LLP, ProcessUnity Inc., Rapid Ratings International Inc., Riskpro India Ventures Pvt. Ltd., SAI360 Inc, and Venminder Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of artificial intelligence and machine learning in third-party risk management software solutions."
According to the report, one of the major drivers for this market is the benefits associated with third-party risk management.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aravo Solutions Inc.
- BitSight Technologies Inc.
- Dell Technologies Inc.
- Deloitte Touche Tohmatsu Ltd.
- Diligent Corp.
- Ernst and Young Global Ltd.
- Genpact Ltd.
- iMedX Inc.
- KPMG International Ltd.
- Kroll LLC
- MetricStream Inc.
- NAVEX Global Inc.
- OneTrust LLC
- Optiv Security Inc.
- PricewaterhouseCoopers LLP
- ProcessUnity Inc.
- Rapid Ratings International Inc.
- Riskpro India Ventures Pvt. Ltd.
- SAI360 Inc
- Venminder Inc.