Edit
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Vendor Risk Management Market to reach USD XX million by 2028.

Global Vendor Risk Management Market Size study, By Solution (Vendor Information Management, Contract Management, Financial Control, Compliance Management, Audit Management, Quality Assurance Management), By Deployment Type (Cloud, On-premises), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-use (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Government, Others), and Regional Forecasts 2022-2028

Product Code: ICTICTS-15823063
Publish Date: 13-06-2022
Page: 200

Global Vendor Risk Management Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Vendor Risk Management can be defined as the management and monitoring of risks resulting from third-party vendors and suppliers of information technology (IT) products and services. VRM solutions are utilized to ensure that third-party products, IT vendors and service providers do not result in business disruption or financial and reputational damage. The rising incidences of security breaches and growing digitization across different industries as well as recent product launches from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – as of 2022, global Spending on digital transformation technologies and services is estimated at USD 1800 billion, and this amount is projected to grow to USD 2800 billion by end of 2025. Furthermore, August 2021, Trustwave launched cyber supply chain risk assessment solution for enterprises and (Small and Medium Business Solutions) SMBs named Managed Vendor Risk Assessment (MVRA) in the Asia Pacific region. This new solution offers fully scalable cybersecurity vendor assessments. Also, growing penetration Artificial intelligence and machine learning technologies and rising industrialization across different industries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, cost associated with deployment of on premises solutions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Vendor Risk Management Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing prevalence of security breaches and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing focus of SMEs on digitization and rapid industrialization in the region, would create lucrative growth prospects for the global Vendor Risk Management Market across the Asia Pacific region.

Major market players included in this report are:
Aavenir
BitSight Technologies
Genpact
LockPath
MetricStream
Optive Security, Inc.
Rapid Ratings International, Inc.
Resolver, Inc.
RSA Security LLC
SAI Global

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution
Vendor Information Management
Contract Management
Financial Control
Compliance Management
Audit Management
Quality Assurance Management
By Deployment Type
Cloud
On-premises

By Enterprise Size
Large Enterprises
Small & Medium Enterprises

By End-use
BFSI
IT & Telecom
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Healthcare
Government
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Vendor Risk Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Vendor Risk Management Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Vendor Risk Management Market, by Solution, 2020-2028 (USD Million)
1.2.3. Global Vendor Risk Management Market, by Deployment Type, 2020-2028 (USD Million)
1.2.4. Global Vendor Risk Management Market, by Enterprise Size, 2020-2028 (USD Million)
1.2.5. Global Vendor Risk Management Market, by End-use, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vendor Risk Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vendor Risk Management Market Dynamics
3.1. Vendor Risk Management Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising incidences of security breaches
3.1.1.2. Growing digitization across different industries.
3.1.1.3. Recent product launches from leading market players.
3.1.2. Market Challenges
3.1.2.1. High cost associated with deployment of on premises solutions.
3.1.3. Market Opportunities
3.1.3.1. Growing penetration AI and ML technologies.
3.1.3.2. Rising industrialization across different industries.
Chapter 4. Global Vendor Risk Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Vendor Risk Management Market, by Solution
6.1. Market Snapshot
6.2. Global Vendor Risk Management Market by Solution, Performance – Potential Analysis
6.3. Global Vendor Risk Management Market Estimates & Forecasts by Solution 2018-2028 (USD Million)
6.4. Vendor Risk Management Market, Sub Segment Analysis
6.4.1. Vendor Information Management
6.4.2. Contract Management
6.4.3. Financial Control
6.4.4. Compliance Management
6.4.5. Audit Management
6.4.6. Quality Assurance Management
Chapter 7. Global Vendor Risk Management Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Vendor Risk Management Market by Deployment Type, Performance – Potential Analysis
7.3. Global Vendor Risk Management Market Estimates & Forecasts by Deployment Type 2018-2028 (USD Million)
7.4. Vendor Risk Management Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-premises
Chapter 8. Global Vendor Risk Management Market, by Enterprise Size
8.1. Market Snapshot
8.2. Global Vendor Risk Management Market by Enterprise Size, Performance – Potential Analysis
8.3. Global Vendor Risk Management Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Million)
8.4. Vendor Risk Management Market, Sub Segment Analysis
8.4.1. Large Enterprises
8.4.2. Small & Medium Enterprises
Chapter 9. Global Vendor Risk Management Market, by End-use
9.1. Market Snapshot
9.2. Global Vendor Risk Management Market by End-use, Performance – Potential Analysis
9.3. Global Vendor Risk Management Market Estimates & Forecasts by End-use 2018-2028 (USD Million)
9.4. Vendor Risk Management Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. IT & Telecom
9.4.3. Retail & Consumer Goods
9.4.4. Manufacturing
9.4.5. Energy & Utilities
9.4.6. Healthcare
9.4.7. Government
9.4.8. Others
Chapter 10. Global Vendor Risk Management Market, Regional Analysis
10.1. Vendor Risk Management Market, Regional Market Snapshot
10.2. North America Vendor Risk Management Market
10.2.1. U.S. Vendor Risk Management Market
10.2.1.1. Solution estimates & forecasts, 2018-2028
10.2.1.2. Deployment Type estimates & forecasts, 2018-2028
10.2.1.3. Enterprise Size estimates & forecasts, 2018-2028
10.2.1.4. End-use estimates & forecasts, 2018-2028
10.2.2. Canada Vendor Risk Management Market
10.3. Europe Vendor Risk Management Market Snapshot
10.3.1. U.K. Vendor Risk Management Market
10.3.2. Germany Vendor Risk Management Market
10.3.3. France Vendor Risk Management Market
10.3.4. Spain Vendor Risk Management Market
10.3.5. Italy Vendor Risk Management Market
10.3.6. Rest of Europe Vendor Risk Management Market
10.4. Asia-Pacific Vendor Risk Management Market Snapshot
10.4.1. China Vendor Risk Management Market
10.4.2. India Vendor Risk Management Market
10.4.3. Japan Vendor Risk Management Market
10.4.4. Australia Vendor Risk Management Market
10.4.5. South Korea Vendor Risk Management Market
10.4.6. Rest of Asia Pacific Vendor Risk Management Market
10.5. Latin America Vendor Risk Management Market Snapshot
10.5.1. Brazil Vendor Risk Management Market
10.5.2. Mexico Vendor Risk Management Market
10.6. Rest of The World Vendor Risk Management Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Aavenir
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. BitSight Technologies
11.2.3. Genpact
11.2.4. LockPath
11.2.5. MetricStream
11.2.6. Optive Security, Inc.
11.2.7. Rapid Ratings International, Inc.
11.2.8. Resolver, Inc.
11.2.9. RSA Security LLC
11.2.10. SAI Global
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now