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Third-Party Risk Management Market by Component (Service, Solution), Solution (Audit Management, Compliance Management, Contract Management), Service, Deployment Mode, Organization Size, Verticals - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 195 Pages
SKU # IRE18451079

Description

Third-Party Risk Management Market by Component (Service, Solution), Solution (Audit Management, Compliance Management, Contract Management), Service, Deployment Mode, Organization Size, Verticals - Global Forecast 2024-2030


The Third-Party Risk Management Market size was estimated at USD 8.48 billion in 2023 and expected to reach USD 9.86 billion in 2024, at a CAGR 16.74% to reach USD 25.07 billion by 2030.

Global Third-Party Risk Management Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Third-Party Risk Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Third-Party Risk Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Third-Party Risk Management Market, highlighting leading vendors and their innovative profiles. These include Aravo Solutions, Inc., Archer Technologies LLC, BitSight Technologies, Inc., Corporater AS, MetricStream, Inc., NAVEX Global, Inc., OneTrust, LLC, Optiv Security, Inc., Prevalent, Inc., ProcessUnity, Inc., Rapid Ratings International Inc., Resolver Inc., Riskonnect, Inc., RiskRecon, Inc., and Venminder, Inc..

Market Segmentation & Coverage

This research report categorizes the Third-Party Risk Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Service
Solution
Solution
Audit Management
Compliance Management
Contract Management
Financial Control Management
Information Management
Operational Risk Management
Quality Assurance Management
Relationship Management
Service
Managed
Professional
Consulting

Integration & Design

Support & Maintenance
Deployment Mode
Cloud
On-Premises
Organization Size
Large Enterprises
Small & Medium-sized Enterprises
Verticals
BFSI
Education
Energy & Utilities
Government, Defense & Aerospace
Healthcare & Life Sciences
IT & Telecom
Manufacturing
Media & Entertainment
Retail & Consumer Goods
Transportation & Logistics
Travel & Hospitality
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Third-Party Risk Management Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Third-Party Risk Management Market?
3. What are the technology trends and regulatory frameworks in the Third-Party Risk Management Market?
4. What is the market share of the leading vendors in the Third-Party Risk Management Market?
5. Which modes and strategic moves are suitable for entering the Third-Party Risk Management Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

195 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Third-Party Risk Management Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. High adoption by multiple organizations for virtual competitive advantage
5.1.1.2. Increasing cybersecurity attacks and threats
5.1.1.3. Potential demand attributed to increase the work efficiency and time management
5.1.2. Restraints
5.1.2.1. Dependence on non-formal and manual business processes
5.1.2.2. Dearth of skilled and experienced professionals
5.1.3. Opportunities
5.1.3.1. Technological advances in automation and data analytics
5.1.3.2. Rising demand for hybrid cloud infrastructure in business enterprises
5.1.4. Challenges
5.1.4.1. Compatibility concerns related to legacy systems
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Third-Party Risk Management Market, by Component
6.1. Introduction
6.2. Service
6.3. Solution
7. Third-Party Risk Management Market, by Solution
7.1. Introduction
7.2. Audit Management
7.3. Compliance Management
7.4. Contract Management
7.5. Financial Control Management
7.6. Information Management
7.7. Operational Risk Management
7.8. Quality Assurance Management
7.9. Relationship Management
8. Third-Party Risk Management Market, by Service
8.1. Introduction
8.2. Managed
8.3. Professional
8.4.1. Consulting
8.4.2. Integration & Design
8.4.3. Support & Maintenance
9. Third-Party Risk Management Market, by Deployment Mode
9.1. Introduction
9.2. Cloud
9.3. On-Premises
10. Third-Party Risk Management Market, by Organization Size
10.1. Introduction
10.2. Large Enterprises
10.3. Small & Medium-sized Enterprises
11. Third-Party Risk Management Market, by Verticals
11.1. Introduction
11.2. BFSI
11.3. Education
11.4. Energy & Utilities
11.5. Government, Defense & Aerospace
11.6. Healthcare & Life Sciences
11.7. IT & Telecom
11.8. Manufacturing
11.9. Media & Entertainment
11.10. Retail & Consumer Goods
11.11. Transportation & Logistics
11.12. Travel & Hospitality
12. Americas Third-Party Risk Management Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Third-Party Risk Management Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Third-Party Risk Management Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. Aravo Solutions, Inc.
16.1.2. Archer Technologies LLC
16.1.3. BitSight Technologies, Inc.
16.1.4. Corporater AS
16.1.5. MetricStream, Inc.
16.1.6. NAVEX Global, Inc.
16.1.7. OneTrust, LLC
16.1.8. Optiv Security, Inc.
16.1.9. Prevalent, Inc.
16.1.10. ProcessUnity, Inc.
16.1.11. Rapid Ratings International Inc.
16.1.12. Resolver Inc.
16.1.13. Riskonnect, Inc.
16.1.14. RiskRecon, Inc.
16.1.15. Venminder, Inc.
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
FIGURE 1. THIRD-PARTY RISK MANAGEMENT MARKET RESEARCH PROCESS
FIGURE 2. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, 2023 VS 2030
FIGURE 3. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. THIRD-PARTY RISK MANAGEMENT MARKET DYNAMICS
FIGURE 7. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY SOLUTION, 2023 VS 2030 (%)
FIGURE 10. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY SOLUTION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY SERVICE, 2023 VS 2030 (%)
FIGURE 12. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY SERVICE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2023 VS 2030 (%)
FIGURE 14. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2030 (%)
FIGURE 16. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY VERTICALS, 2023 VS 2030 (%)
FIGURE 18. THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY VERTICALS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. AMERICAS THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. AMERICAS THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. UNITED STATES THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 22. UNITED STATES THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ASIA-PACIFIC THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. ASIA-PACIFIC THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. EUROPE, MIDDLE EAST & AFRICA THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. EUROPE, MIDDLE EAST & AFRICA THIRD-PARTY RISK MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. THIRD-PARTY RISK MANAGEMENT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 28. THIRD-PARTY RISK MANAGEMENT MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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