Latest Trends and Opportunities in Global Vendor Risk Management Market
According to a new report published by Reports Monitor titled, “Global Vendor Risk Management Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the vendor risk management market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Vendor risk management is a comprehensive process of evaluating business uncertainties in concern with vendors. Rising importance of data and consequences of data breaches result in need of framework that increases productivity and reduces chances of business uncertainties.
Aggressive government regulatory body and their respective enforcement boost the growth of the marker. Any issue with single vendor can led to major problem with the company in terms of revenue and goodwill, this increases the importance of vendor risk management market.
This report provides a detailed analysis of vendor risk management market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The global vendor risk management market is segmented on the basis of component, deployment type, organizational size and industry vertical. On the basis of component the market is segmented into: services and solution. Based on the deployment type the market is segmented into: cloud and on-premises. On the basis of organization size the market is segmented into: small & medium sized enterprises and large enterprises. On the basis of industry vertical the market is segmented into: telecom & IT, BFSI, healthcare and life sciences, consumer goods and retail, energy and utilities, manufacturing, government and others.
Global vendor risk management market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of large number of companies, rapid adaptation of vendor risk management is contributing growth of the market. Increasing industrialization, developing importance of financial and data risk in developing economies of Asia-Pacific region responsible for the growth in that region.
Major vendors operating in the global vendor risk management market are: RapidRatings, ProcessUnity , LogicManager, BitSight Technologies, RSA, Genpact , LockPath, MetricStream , BWise , Resolver , SAI Global , Rsam , IBM , Optiv , Quantivate and VendorInsight.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.