Vendor Risk Management Market 2020 Size| Business Opportunities, Share, Applications Analysis, Latest Innovations, Upcoming Trends till 2023

Vendor Risk Management Market 2020 Size| Business Opportunities, Share, Applications Analysis, Latest Innovations, Upcoming Trends till 2023

“Vendor Risk Management Market”
Global Vendor Risk Management Market Research Report Segmented by Component (Services & Solutions), Solutions (Assessment Management, Quality Management, Contract Management), Deployment (On-Cloud & On-Premise), Organization Size, and by End-users– Forecast till 2023

Market Synopsis

The research report by Market Research Future (MRFR) asserts that the global vendor risk management market 2020 is slated to obtain a considerable market valuation from USD 2.50 billion in 2017 to reach roughly USD 7.58 billion by 2023, at a moderate CAGR over the review period.

The Chief Market Players Identified by MRFR in Global Vendor Risk Management Market are:

MetricStream (U.S.), IBM Corporation (U.S.), Lockpath Inc. (U.S.), BitSight Technologies (U.S.), Logic Manager (U.S.), Rsam (U.S.), RSA (U.S.), ProcessUnity (U.S.), Genpact (U.S.), Resolver (Canada), Optiv (U.S.), SAI Global (Australia), Quantivate (U.S.), BWise Internal Control (The Netherlands), RapidRatings (U.S.), and VendorInsight (U.S.)

Get Free Sample at:

https://www.marketresearchfuture.com/sample_request/5944

Drivers and Restraints:

the global vendor risk management market is anticipated to have significant growth over the review period. This is due to improvement in technology, which consequently increases sharing and storage in the cloud, and economic demographics are driving the outsourced operations of the core, and non-core activities are anticipated to be some of the influential factors for the growth of the vendor risk management market. Additionally, an increase in the development and acceptance of new and advanced solutions amongst enterprises in order to decrease the risk connected with managing several vendors and enhance production is supporting the demand for vendor risk management systems across the world. Furthermore, demand for vendor risk management systems is rising in the highly structured end-use industries, including life sciences and health care, and banking, financial services, and insurance (BFSI).

On the other hand, reluctance among organizations to invest in new and cutting-edge technologies is one of the significant aspects obstructing the growth of the global vendor risk management market size. This is majorly because organizations are still dependent on the manual and non-formal process to assess their vendor risks.

An increase in demand for cloud-based vendor risk management solutions in small and medium enterprises is projected to augment the market in the next few years. This is owing to the aspect that small and medium enterprises generally prefer cloud-based solutions to on-premise solutions due to budget constraints. This trend is anticipated to expand during the forecast period.

Market Segmentation:

The vendor risk management market is segmented by component, organization size, deployment, and end-user.

Based on the component, the vendor risk management market is bifurcated as solutions and services. Based on the services, the market is divided into professional services and managed services. The professional services are further segmented into implementation services, consulting services, and maintenance & support services. The solutions are divided as contract management, policy and procedure management, assessment management, monitoring & performance management, compliance management, quality management, among others.

Based on the organization size, the vendor risk management market is bifurcated into large enterprise and small & medium enterprises. Moreover, on the basis of deployment, the market is sub-divided into on-cloud and on-premises.

By the end-user, the market is segmented into BFSI, IT & telecom, manufacturing, energy & power, transportation & logistics, healthcare, government, and others (including media and entertainment and education).

Regional Overview:

The geographical overview of the global vendor risk management market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (comprising Latin America and the Middle East and Africa).

North America is expected to have a momentous growth in the vendor risk management market over the review period. The developed economies such as the U.S and Canada are major countries in the region owing to the expansion of cloud infrastructure. Asia Pacific region is anticipated to be the fastest-growing region in the vendor risk management market. China, Japan, India, and South Korea are the major countries in the region. This is due to the increase in the number of third-party vendors in the manufacturing sector.

Table of Content:

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

 Continued. . .

List of Table:

Table1 Global Vendor Risk Management Market: By Region, 2017-2023

Table2 North America Vendor Risk Management Market: By Country, 2017-2023

Table3 Europe Vendor Risk Management Market: By Country, 2017-2023

Table4 Asia Pacific Vendor Risk Management Market: By Country, 2017-2023

Table5 The Middle East & Africa Vendor Risk Management Market: By Country, 2017-2023

Continued. . .

Browse More Details on Report at:

https://www.marketresearchfuture.com/reports/vendor-risk-management-market-5944

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/vendor-risk-management-market-5944