Global Enterprise Risk Management Market Is Anticipated To Be Driven By Increasing Cases Of Data Security Breaches In Enterprises In The Forecast Period Of 2021-2026

Expert Market Research’s new report, titled “Global Enterprise Risk Management Market Size, Stock, Trends, Growth, Analysis, Report and Forecast 2021-2026′, gives an in-depth analysis of the Global eEnterprise Risk Management Market, Assessing the market based on its segments such as component, institution, and major regions.

The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.

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Key highlights of the report include:

Market overview (2016-2026):

  • Historical market size (2020): $4 billion
  • Forecast CAGR (2021-2026): 5.03%
  • Projected market size (2026): USD 4.6 billion

The expansion of the global risk management market is fueled by an increase in enterprise data breaches and an increase in demanding regulatory requirements around the world. Additionally, the increasing use of risk management in FinTech companies and the global growth of the IoT environment are also contributing to the growth of the market. The growing demand from emerging markets and the incorporation of artificial intelligence into risk management are expected to create significant development potential for the risk management market during the forecast period.

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Industry definition and main segments

Enterprise risk management (ERM) is the systematic identification and mitigation of likely events that could jeopardize the achievement of strategic goals or opportunities to gain competitive advantage. ERM aims to create a list of all possible risks that could affect the company’s profitability – both positive and negative.

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Basic Components market can be segmented as follows:

  • hardware
  • software
  • Services

On the basis of institution, the market can be segmented into the following:

  • banks
  • credit unions
  • Specialty Finance
  • thrifts

Based on Region, the Risk Management Market can be segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa.

market trends

The increasing acceptance of digitization to improve the customer experience and the increasing demand for risk management solutions from banks and other financial institutions are driving the market. Furthermore, increasing use of software to manage process and data risks more efficiently are just some of the anticipated factors that are expected to boost the growth of the enterprise risk management market during the forecast period.

Technological advances in the cloud, combined with an increasing number of development activities, will continue to create new and rich opportunities, which will lead to an expansion of the enterprise risk management market. The adoption of cloud-based software, especially in the developing countries of Asia Pacific, Latin America, Middle East and Africa is driving the growth of the market. By region, North America is expected to hold its position and hold the largest share, which could be due to the increasing number of cyberattack cases in the region that require risk management solutions.

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Asia-Pacific, on the other hand, is expected to grow at a considerable rate during the forecast period, owing to the favorable government policies towards risk management software and an increase in data theft cases across several IT verticals. The growth of the market has also been fueled by the growing population and economic development of the region.

Important market participants

The major players in the market include SAI Global Pty Limited, Capgemini SE, Dell Inc., Fidelity National Information Services, Inc., International Business Machines Corporation, Infosys Limited, Logic Manager, Inc. The report covers the latest developments from these market players, among others market share, capacity, asset turnover, expansion, investment, and mergers and acquisitions.

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