Enterprise Risk Management Market: Global Industry Analysis and Outlook, Market Size (2021-2027)

Enterprise Risk Management Market size was valued at US$ 4.00 Bn. in 2020 and the total revenue is expected to grow at 5.04 % through 2021 to 2027, reaching nearly US$ 5.64 Bn.

Enterprise Risk Management Market Overview:

Enterprise risk management (ERM) is the process of systematically identifying and mitigating likely occurrences that could threaten the achievement of strategic goals or chances to gain a competitive advantage. ERM strives to build a list of all potential risks that could have a positive or negative impact on the company's viability. Such Management might help in reducing the risk of possible threats across a firm, instil assurance in organizational plans, meet regulatory and internal compliance demands, and boost productivity by implementing policies and standards more consistently. Enterprise Risk Management Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Enterprise Risk Management Market Dynamics:

The global risk management market is growing as a result of an increase in enterprise data security breaches and more stringent government regulatory compliance requirements around the world. Additionally, the growing use of risk management in FinTech organisations, as well as the explosive growth of the IoT environment, all lead to the market's growth. Over the forecast period, the risk management market is expected to see considerable growth due to rising demand from emerging and developing countries and the introduction of machine learning into risk management. Also, the market is being propelled across by growing use of digitalization to better customer experience and increased demand for risk management solutions from banks and other financial institutions. Also, the increasing usage of software to more efficiently control process and data risk is only a few of the projected variables to propel the enterprise risk management market forward throughout the forecast period. Cloud technical improvements, due to a growing number of development activities, will continue to provide new and sustainable opportunities, leading in the growth of the enterprise risk management market. The market's growth is being fueled by the use of cloud-based technology, particularly in Asia-Pacific, Latin America, the Middle East, and Africa. Enterprise Risk Management Market In the forecast period, high installation costs and increasing troubles in software development will act as market limitations for enterprise risk management. The greatest challenge to the market's growth will be the rise in security concerns.

Global Enterprise Risk Management Market Segment Analysis:

Based on the Component, the global Enterprise Risk Management market is sub-segmented into Hardware, Software and Services. The Software segment held the largest market share of xx% in 2020 and it remains maintain its leading position during the forecast period. The lowering cost of operation of software with complex systems, which are widely used for tackling a number of needs, such as supply chain accordance, quality control, and Safety, is likely to be a key driver fueling market growth. The rise of IoT and other digital frameworks has resulted in major improvements in business operations, as well as notable Security and compliance advances. Internal auditors and Chief Audit Executives (CAE) are increasingly using analytics in their auditing methodologies and ongoing monitoring and reporting. Enterprise Risk Management MarketBased on the Institution, the global Enterprise Risk Management market is sub-segmented into Banks, Credit Unions, Specialty Finance and Thrifts. The Banks segment held the largest market share of xx% in 2020. Financial institutions and banks are using digital risk management software and services to boost their financial results. Risk management in banks has changed dramatically during the last decade. The global financial crisis, as well as the fines imposed in its disaster, spurred a surge of change in risk functions. The control of non-financial risks became increasingly important as the regulations for compliance and performance became more stringent. Stress testing became a popular monitoring tool as the demand for bank risk appetite reports increased. Banks are also working to improve their risk cultures and include their boards in more key risk decisions. Because of the magnitude of these and other developments, most risk functions in banks are still undergoing revisions to keep up with the rising demands.

Global Enterprise Risk Management Market Regional Insights:

North America held the largest market share of xx% in 2020. Due to stringent governance regulations have driven to the rapid adoption of ERM managed services, which is one of the causes ascribed to the market's rise. Also, modern technologies, as well as the integration of advanced analytics such as big data, AI, and cloud-based solutions with ERM, are estimated to boost market growth. Asia Pacific is expected to grow at a highest CAGR of xx% during the forecast period. Due to the region's thriving IT and services sectors. The market's growth has been aided by the region's increasing rapid urbanization. Because the region's strong technical background, the European market is likely to generate significant profitability. The objective of the report is to present a comprehensive analysis of the global Enterprise Risk Management Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Enterprise Risk Management Market dynamic, structure by analyzing the market segments and project the global Enterprise Risk Management Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Enterprise Risk Management Market make the report investor’s guide.

Global Enterprise Risk Management Market Scope: Inquiry Before Buying 

Global Enterprise Risk Management Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 4.00 Bn.
Forecast Period 2021 to 2027 CAGR: 5.04 % Market Size in 2027: US $ 5.64 Bn.
Segments Covered: by Component • Hardware • Software • Services
by Institution • Banks • Credit Unions • Specialty Finance • Thrifts
by  Risk Type • Hazard risk • Financial risk • Operational risk • Strategic risks

Global Enterprise Risk Management Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Enterprise Risk Management Market Key Players

• LogicManager • MetricStream • Fidelity National Information Services • Capgemini • BWise • Dell EMC • Infosys Limited • IBM Corporation • Oracle • SAP SE • COSO Enterprise • Risk International • Risk Management Association of India • MYRICK Enterprise • Risk Cooperative • XYLEM Technologies • CYBERCYTE LTD • ITgma Frequently Asked Questions: 1] What segments are covered in Enterprise Risk Management Market report? Ans. The segments covered in Enterprise Risk Management Market report are based on Component, Institution, and Risk Type. 2] Which region is expected to hold the highest share in the global Enterprise Risk Management Market? Ans. North America is expected to hold the highest share in the global Enterprise Risk Management Market. 3] What is the market size of global Enterprise Risk Management Market by 2027? Ans. The market size of global Enterprise Risk Management Market by 2027 is US $ 5.64 Bn. 4] Who are the top key players in the global Enterprise Risk Management Market? Ans. LogicManager., MetricStream, Fidelity National Information Services, Capgemini, BWise and Dell EMC are the top key players in the global Enterprise Risk Management Market. 5] What was the market size of global Enterprise Risk Management Market in 2020? Ans. The market size of global Enterprise Risk Management Market in 2020 was US $ 4.00 Bn.
1. Global Enterprise Risk Management Market: Research Methodology 2. Global Enterprise Risk Management Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Enterprise Risk Management Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Enterprise Risk Management Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Enterprise Risk Management Market Segmentation 4.1 Global Enterprise Risk Management Market, by Component (2020-2027) • Hardware • Software • Services 4.2 Global Enterprise Risk Management Market, by Institution (2020-2027) • Banks • Credit Unions • Specialty Finance • Thrifts 4.3 Global Enterprise Risk Management Market, by Risk Type (2020-2027) • Hazard risk • Financial risk • Operational risk • Strategic risks 5. North America Enterprise Risk Management Market(2020-2027) 5.1 Global Enterprise Risk Management Market, by Component 2020-2027) • Hardware • Software • Services 5.2 Global Enterprise Risk Management Market, by Institution (2020-2027) • Banks • Credit Unions • Specialty Finance • Thrifts 5.3 Global Enterprise Risk Management Market, by Risk Type (2020-2027) • Hazard risk • Financial risk • Operational risk • Strategic risks 5.4 North America Enterprise Risk Management Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Enterprise Risk Management Market (2020-2027) 6.1. Asia Pacific Enterprise Risk Management Market, by Component (2020-2027) 6.2. Asia Pacific Enterprise Risk Management Market, by Institution (2020-2027) 6.3. Asia Pacific Enterprise Risk Management Market, by Risk Type (2020-2027) 6.4. Asia Pacific Enterprise Risk Management Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Enterprise Risk Management Market (2020-2027) 7.1 Middle East and Africa Enterprise Risk Management Market, by Component (2020-2027) 7.2. Middle East and Africa Enterprise Risk Management Market, by Institution (2020-2027) 7.3. Middle East and Africa Enterprise Risk Management Market, by Risk Type (2020-2027) 7.4. Middle East and Africa Enterprise Risk Management Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Enterprise Risk Management Market (2020-2027) 8.1. Latin America Enterprise Risk Management Market, by Component (2020-2027) 8.2. Latin America Enterprise Risk Management Market, by Institution (2020-2027) 8.3. Latin America Enterprise Risk Management Market, by Risk Type (2020-2027) 8.4 Latin America Enterprise Risk Management Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Enterprise Risk Management Market (2020-2027) 9.1. European Enterprise Risk Management Market, by Component (2020-2027) 9.2. European Enterprise Risk Management Market, by Institution (2020-2027) 9.3. European Enterprise Risk Management Market, by Risk Type (2020-2027) 9.4. European Enterprise Risk Management Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Adobe Systems Incorporated 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. LogicManager 10.3. MetricStream 10.4. Fidelity National Information Services 10.5. Capgemini 10.6. BWise 10.7. Dell EMC 10.8. Infosys Limited 10.9. IBM Corporation 10.10. Oracle 10.11. SAP SE 10.12. COSO Enterprise 10.13. Risk International 10.14. Risk Management Association of India 10.15. MYRICK Enterprise 10.16. Risk Cooperative 10.17. XYLEM Technologies 10.18. CYBERCYTE LTD 10.19. ITgma

About This Report

Report ID 39991
Category Information Technology & Telecommunication
Published Date Dec 2019
Updated Date Nov 2021
Contact Us