The global third-party risk management market is expected to grow from $3.1 billion in 2018 to $6.9 billion in 2026 with a CAGR of 15% over the forecast period 2021-2027.
The value of the global Third-Party Risk Management market was USD 3.1 billion in 2018 and is expected to reach USD 6.9 billion by the end of 2026, with an annual average growth of 15%. Strict compliance obligations to address third-party risks, the lack of in-house capabilities of organizations across multiple verticals, and increasing cyber-attack cases are expected to accelerate the demand for the third-party risk management market during the forecast period. Low installation and maintenance costs drive adoption of cloud-based third-party risk management solutions.
(Get 15% Discount on Buying this Report)
A full report of Third-Party Risk Management Market available at: https://www.orionmarketreports.com/third-party-risk-management-market-global-industry-analysis-size-share-growth-trends-and-forecast-2021-2027-market/47077/
Third-Party Risk Management Market Segmentation
By Component
• Solution
o Financial Control Management
o Contract Management
o Operational Risk Management
o Audit Management
o Compliance Management
o Others
• Service
o Professional
o Managed
By Deployment Mode
• Cloud
• On-premises
By Industry
• BFSI
• IT and Telecom
• Healthcare and Life Sciences
• Government, Defense,` and Aerospace
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Others
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
