This Enterprise Risk Management Market sector is rapidly evolving, with substantial growth and advancements expected by 2031. In-depth market research offers a comprehensive analysis of market size, share, and trends, providing crucial insights into its expansion. The report explores market segmentation and definitions, elucidating key components and drivers. Utilizing SWOT and PESTEL analyses, it evaluates the market's strengths, weaknesses, opportunities, and threats, as well as political, economic, social, technological, environmental, and legal factors. Expert Competitors Analysis insights and recent developments shed light on the geographical distribution and project the market's future trajectory, laying a strong foundation for strategic planning and investment.
What is the projected market size & growth rate of the Enterprise Risk Management Market?
Market Analysis and Size
In the past years, the finance sector is witnessing rapid digitization, and transforming to change the face of the banking industry. Digitalization in the finance sector is expected to enhance customer experience while cutting down expenses. This is beneficial for catering the emerging requirements for enterprise risk management companies.
Global Enterprise Risk Management Market was valued at USD 4328.00 million in 2021 and is expected to reach USD 6591.92 million by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029. On-Premises segment is expected to witness high growth in the respective market owing to the rise in adoption of on-premise based risk management solutions. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Enterprise risk management (ERM) refers to a framework for managing organizational risk. Organizational risk is known to be a broad term, and it can encompass concerns including employee safety and sensitive data to meeting statutory regulations. Risk can be both internal, and external.
| Report Metric | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Component (Hardware, Software, Services), Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), Deployment (Cloud, On-Premises), Institution (Banks, Credit Unions, Specialty Finance, Thrifts) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
| Market Players Covered | IBM (US), Capgemini. (France), FIS. (US), Infosys Limited(India), Oracle (India), SAP SE (Germany), LogicManager, Inc. (US), MetricStream Inc. (US), BWise. (Netherlands), Dell Inc. (US), SAS Institute Inc. (US), Enablon France SAS (France), Intelex Technologies (Canada), Microsoft (US), Thomson Reuters. (Canada), Wolters Kluwer N.V. (Netherlands), SAI Global Pty Limited. (Australia), ProcessGene Ltd. (Israel), Ideagen Plc. (UK), NAVEX Global, Inc. (US), MEGA International (France), and Alyne GmbH. (Germany), among others |
| Market Opportunities | Increase in number of development activitiesUse of enterprise risk management (ERM) among organizations for understandingRise in implementation of stringent regulations and mandates |
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Enterprise Risk Management market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Enterprise Risk Management Market.
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Which are the driving factors of the Enterprise Risk Management market?
The driving factors of the Enterprise Risk Management market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Enterprise Risk Management across various industries further propel market expansion.
Enterprise Risk Management Market - Competitive and Segmentation Analysis:
Global Enterprise Risk Management Market, By Component (Hardware, Software, Services), Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), Deployment (Cloud, On-Premises), Institution (Banks, Credit Unions, Specialty Finance, Thrifts) - Industry Trends and Forecast to 2031
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Enterprise Risk Management market?
Some of the major players operating in enterprise risk management market are