Worldwide Vendor Risk Management Industry to 2025 - North America Expected to Hold Major Share - ResearchAndMarkets.com
The "Vendor Risk Management Market - Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The market for vendor risk management (VRM) is expected to grow at a CAGR of 14.7% during the forecast period (2020-2025).
The increasing number of third-party vendors in large as well as in small and medium enterprises, rapidly changing regulations across different regions, and need to continuously monitor and analyze vendor performance are some of the factors responsible for growing need of vendor risk management.
Key Market Trends
BFSI is Expected to Witness Significant Growth
The Banking sector is, by the nature of its business, is a highly interconnected sector owing to rapidly growing third party integration, increasing connected devices, online banking, and need for faster transactions. Greater interconnectivity introduces higher cybersecurity risks, given that there are too many things to secure and monitor. The interconnected entities are likely connected to new entities, which could also be the source of cybersecurity risk.
The vendor risk management market in the region is proliferating owing to advanced technological developments in the field of AI, machine learning, cloud and IoT, growth of end-user industries such as BFSI, healthcare, and others, increasing levels of investments, and a growing emphasis on data security.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Assessment of Impact of COVID-19 on Vendor Risk Management Market
4.4 Market Drivers
4.4.1 Need for the Efficient Management of Complex Vendor Ecosystems
4.4.2 View the Risk Levels Associated With Various Tasks
4.5 Market Restraints
4.5.1 Dependence on Non-Formal and Manual Processes By Many Organizations
4.6 Market Challenge
4.6.1 Solution Integration With Existing Applications
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Deployment Type
5.3 By Organization Size
5.4 By Industry Vertical
5.5.1 North America
5.5.3 Asia Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profile*
6.1.2 Genpact Limited
6.1.5 IBM Corporation
6.1.6 Resolver Inc.
6.1.8 Rapid Ratings International Inc.
6.1.10 Optiv Security, Inc.
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
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