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.
A full report of Third-Party Risk Management Market available at: https://www.orionmarketreports.com/third-party-risk-management-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
Key Players
• RSA
• Genpact
• MetricStream
• Deloitte
• KPMG
• BitSight Technologies
• Ernst & Young
• PwC
• ProcessUnity
• Venminder
• Resolver
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