Product ID: UCMIG45B2025
Vendor Risk Management Market Size, Share, Growth Analysis, By Solution(Vendor Information Management, Contract Management), By Deployment(Cloud, On-premises), By Enterprise Size(Large Enterprises, Small & Medium Enterprises), By End-use(BFSI, IT & Telecom), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG45B2025 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Vendor Risk Management Market Insights
Market Overview:
The global vendor risk management market was valued at USD 7.27 billion in 2021 and is predicted to grow at a 15.0% CAGR between 2022 and 2030. Enterprises heavily rely on numerous third-party vendors located in different geographic locations to meet their business objectives. However, collaborating with these vendors can pose challenges as they may introduce various risks that can negatively impact business objectives and processes. As a result, the adoption of vendor risk management solutions is increasing to effectively mitigate and manage these risks.
Vendor Risk Management Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Vendor Risk Management Market Report Snapshots
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