The global risk management market is expected to reach USD 23,441.00 million by 2030 from USD 6,864.95 million in 2022, growing at a CAGR of 16.8% during the forecast period of 2023 to 2030.
Market Segmentation
Global Risk Management Market, By Risk Type (Compliance Risk, Financial and Credit Risk, Security Risk, Operational Risk, Strategic Risk, and Legal Risk), Firm Type (Enterprise Risk Management (ERM) Consulting Firm, Independent Insurable Property and Casualty Risk Management/Risk Engineering Consulting Firm, and Logistic & Transport Risk Management Consulting Firm), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Vertical (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Government & Defence, Transport & Logistic, Energy & Utilities, and Others), Country (U.S., Canada, Mexico, Germany, U.K, France, Italy, Spain, Netherlands, Belgium, Russia, Switzerland, Denmark, Sweden, Finland, Turkey, Poland, Norway, rest of Europe, China, Japan, South Korea, India, Taiwan, Australia, Indonesia, Thailand, Malaysia, Singapore, New Zealand, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., Iran, South Africa, Egypt, Iraq, Israel, Qatar, Kuwait, Jordan, and rest of Middle East and Africa) - Industry Trends and Forecast to 2030.
Overview of Global Risk Management Market Dynamics
- Driver
- Increasing complexity of risks
- Restraint
- High cost of risk management services
- Opportunity
- Increasing globalization of businesses
Market Players
Some of the major market players operating in the global risk management market are listed below:
- Risk Logic Inc
- RISKPARTNER
- RiskVersity, JVB & Co.
- Cymune, Riskinsight Consulting Pvt. Ltd
- Risk Solutions International, LEA
- Riskpro India Ventures Private Limited
- ICON Risk
- ERM EXCHANGE
- CEERISK
TABLE OF CONTENTS
1 INTRODUCTION 39
- 1.1 OBJECTIVES OF THE STUDY 39
- 1.2 MARKET DEFINITION 39
- 1.3 OVERVIEW OF THE GLOBAL RISK MANAGEMENT MARKET 39
- 1.4 CURRENCY AND PRICING 40
- 1.5 LIMITATIONS 41
- 1.6 MARKETS COVERED 41
2 MARKET SEGMENTATION 46
- 2.1 MARKETS COVERED 46
- 2.2 YEARS CONSIDERED FOR THE STUDY 47
- 2.3 GEOGRAPHIC SCOPE 48
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 49
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 52
- 2.6 DBMR MARKET POSITION GRID 53
- 2.7 MARKET APPLICATION COVERAGE GRID 54
- 2.8 VENDOR SHARE ANALYSIS 55
- 2.9 MULTIVARIATE MODELLING 56
- 2.10 RISK TYPE TIMELINE CURVE 57
- 2.11 SECONDARY SOURCES 58
- 2.12 ASSUMPTIONS 58
3 EXECUTIVE SUMMARY 59
4 PREMIUM INSIGHTS 61
5 MARKET OVERVIEW 62
- 5.1 DRIVERS 64
- 5.1.1 INCREASING COMPLEXITY OF RISKS LEADING TO HIGHER DEMAND FOR RISK MANAGEMENT CONSULTING SERVICES 64
- 5.1.2 GROWING AWARENESS TOWARDS RISK MANAGEMENT SERVICES 65
- 5.1.3 INCREASING COMPLEXITY OF BUSINESS OPERATIONAL ENVIRONMENT LEADING TO DEMAND FOR ENTERPRISE RISK MANAGEMENT SERVICES 66
- 5.1.4 STRINGENT REGULATIONS AND COMPLIANCE REQUIREMENTS ACROSS VARIOUS INDUSTRIES 67
- 5.2 RESTRAINTS 68
- 5.2.1 HIGH COST OF RISK MANAGEMENT SERVICES 68
- 5.3 OPPORTUNITIES 69
- 5.3.1 INCREASING GLOBALIZATION OF BUSINESSES 69
- 5.3.2 GROWING FOCUS ON ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) ISSUES 70
- 5.3.3 SURGING ADOPTION OF PROACTIVELY ASSESSING AND MITIGATING POTENTIAL RISKS IN SUPPLY CHAIN OPERATIONS 72
- 5.4 CHALLENGES 73
- 5.4.1 DETERIORATING GEOPOLITICAL LANDSCAPE AND ESCALATING INFLATIONARY PRESSURES 73
- 5.4.2 SCARCITY OF HIGHLY SKILLED PROFESSIONALS IN THE FIELD OF RISK MANAGEMENT 74
6 GLOBAL RISK MANAGEMENT MARKET, BY RISK TYPE 75
- 6.1 OVERVIEW 76
- 6.2 COMPLIANCE RISK 77
- 6.3 FINANCIAL AND CREDIT RISK 78
- 6.4 SECURITY RISK 78
- 6.5 OPERATIONAL RISK 79
- 6.6 STRATEGIC RISK 79
- 6.7 LEGAL RISK 80
7 GLOBAL RISK MANAGEMENT MARKET, BY FIRM TYPE 81
- 7.1 OVERVIEW 82
- 7.2 ENTERPRISE RISK MANAGEMENT (ERM) CONSULTING FIRM 83
- 7.3 INDEPENDENT INSURABLE PROPERTY AND CASUALTY RISK MANAGEMENT/RISK ENGINEERING CONSULTING FIRM 84
- 7.4 LOGISTIC & TRANSPORT RISK MANAGEMENT CONSULTING FIRM 84
8 GLOBAL RISK MANAGEMENT MARKET, BY ENTERPRISE SIZE 85
- 8.1 OVERVIEW 86
- 8.2 LARGE ENTERPRISES 87
- 8.3 SMALL & MEDIUM ENTERPRISES 87
9 GLOBAL RISK MANAGEMENT MARKET, BY VERTICAL 88
- 9.1 OVERVIEW 89
- 9.2 BFSI 90
- 9.2.1 COMPLIANCE RISK 91
- 9.2.2 FINANCIAL AND CREDIT RISK 91
- 9.2.3 SECURITY RISK 91
- 9.2.4 OPERATIONAL RISK 91
- 9.2.5 STRATEGIC RISK 91
- 9.2.6 LEGAL RISK 91
- 9.3 IT & TELECOM 92
- 9.3.1 COMPLIANCE RISK 92
- 9.3.2 FINANCIAL AND CREDIT RISK 92
- 9.3.3 SECURITY RISK 92
- 9.3.4 OPERATIONAL RISK 93
- 9.3.5 STRATEGIC RISK 93
- 9.3.6 LEGAL RISK 93
- 9.4 HEALTHCARE 93
- 9.4.1 COMPLIANCE RISK 94
- 9.4.2 FINANCIAL AND CREDIT RISK 94
- 9.4.3 SECURITY RISK 94
- 9.4.4 OPERATIONAL RISK 94
- 9.4.5 STRATEGIC RISK 94
- 9.4.6 LEGAL RISK 94
- 9.5 RETAIL 94
- 9.5.1 COMPLIANCE RISK 95
- 9.5.2 FINANCIAL AND CREDIT RISK 95
- 9.5.3 SECURITY RISK 95
- 9.5.4 OPERATIONAL RISK 95
- 9.5.5 STRATEGIC RISK 95
- 9.5.6 LEGAL RISK 95
- 9.6 MANUFACTURING 96
- 9.6.1 COMPLIANCE RISK 96
- 9.6.2 FINANCIAL AND CREDIT RISK 96
- 9.6.3 SECURITY RISK 96
- 9.6.4 OPERATIONAL RISK 97
- 9.6.5 STRATEGIC RISK 97
- 9.6.6 LEGAL RISK 97
- 9.7 GOVERNMENT AND DEFENCE 97
- 9.7.1 COMPLIANCE RISK 98
- 9.7.2 FINANCIAL AND CREDIT RISK 98
- 9.7.3 SECURITY RISK 98
- 9.7.4 OPERATIONAL RISK 98
- 9.7.5 STRATEGIC RISK 98
- 9.7.6 LEGAL RISK 98
- 9.8 TRANSPORT AND LOGISTICS 98
- 9.8.1 COMPLIANCE RISK 99
- 9.8.2 FINANCIAL AND CREDIT RISK 99
- 9.8.3 SECURITY RISK 99
- 9.8.4 OPERATIONAL RISK 99
- 9.8.5 STRATEGIC RISK 99
- 9.8.6 LEGAL RISK 99
- 9.9 ENERGY AND UTILITIES 100
- 9.9.1 COMPLIANCE RISK 100
- 9.9.2 FINANCIAL AND CREDIT RISK 100
- 9.9.3 SECURITY RISK 100
- 9.9.4 OPERATIONAL RISK 101
- 9.9.5 STRATEGIC RISK 101
- 9.9.6 LEGAL RISK 101
- 9.10 OTHERS 101
10 GLOBAL RISK MANAGEMENT MARKET, BY REGION 102
- 10.1 OVERVIEW 103
- 10.2 NORTH AMERICA 106
- 10.2.1 U.S. 111
- 10.2.2 CANADA 116
- 10.2.3 MEXICO 121
- 10.3 EUROPE 126
- 10.3.1 U.K. 131
- 10.3.2 GERMANY 135
- 10.3.3 FRANCE 139
- 10.3.4 ITALY 143
- 10.3.5 SPAIN 147
- 10.3.6 NETHERLANDS 151
- 10.3.7 SWITZERLAND 155
- 10.3.8 TURKEY 159
- 10.3.9 RUSSIA 163
- 10.3.10 BELGIUM 167
- 10.3.11 DENMARK 171
- 10.3.12 SWEDEN 175
- 10.3.13 POLAND 179
- 10.3.14 NORWAY 183
- 10.3.15 FINLAND 187
- 10.3.16 REST OF EUROPE 191