Third-Party Risk Management Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

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.

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

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.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Third-Party Risk Management Market Report

• What was the Third-Party Risk Management Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Third-Party Risk Management Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Third-Party Risk Management Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.