Vendor Risk Management Market: Go-to-market strategy to expand the reach into developing countries

 sanket gire
  27th-May-2019
 93
HWO_1558947346_1.jpg

According to the new market research report "Vendor Risk Management Market by Solution (Compliance Management, Audit Management, Financial Control, Quality Assurance Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022", The vendor risk management market size is expected to grow from USD 3.29 Billion in 2017 to USD 6.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

Increasing trend of outsourcing various business operations and risk assessment of vendors are major drivers of the vendor risk management market. Moreover, it is increasingly important for enterprises to identify and mitigate these risks to achieve their business goals and sustain in the intense competition.

Rapid adoption of vendor risk management solutions, owing to strong and well-established economies, is expected to make North America the largest regional market.

In the US and Canada, organizations are rapidly adopting and willing to invest in emerging technologies, such as analytics, big data, and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as smartphones and cloud platform. Moreover, there is an increasing demand among enterprises to reduce the risk associated while managing various vendors and increase productivity in the region. Companies willingly invest in North America. The factors driving the growth of the vendor risk management market in North America are stable economy, technology enhancements, and optimized infrastructure costs.

Browse and in-depth TOC on "Vendor Risk Management Market"

71 - Tables

29 - Figures

122 - Pages

Ask for PDF Brochure@

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227642142

The BFSI vertical is expected to hold the largest market size during the forecast period.

The BFSI vertical includes commercial banks, insurance companies, non-banking financial companies, stock brokerage firms, and payment gateway providers. This vertical deals with critical financial data; hence, it is a good contributor in the vendor risk management market. Due to continuous changes in compliances, companies need to update new compliances or rules set by the governments. Vendor risk management solutions for the BFSI vertical help financial and insurance companies in the audits and financial control of the organizations.

The large enterprises segment is expected to gain a larger market share during the forecast period.

Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises have their customers across various regions and hold high market shares, technical expertise, and effective business strategies. Large enterprises control many different systems at a higher level of complexity. The market size of the vendor risk management market is larger in the large enterprises segment. The number of solution vendors catering to large enterprises is growing, as large enterprises spend significant amount in vendor risk assessment and financial control while managing multiple vendors.

Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=227642142

Major vendors in the vendor risk management market include BitSight Technologies (US), RSA (US), Genpact (US), LockPath (US), MetricStream (US), BWise (Netherlands), Resolver (Canada), SAI Global (Australia), Rsam (US), IBM (US), Optiv (US), Quantivate (US), RapidRatings (US), ProcessUnity (US), LogicManager (US), and VendorInsight (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com
Research Insight:
https://www.marketsandmarkets.com/ResearchInsight/vendor-risk-management-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Domain: Business
Category: Sales & Marketing
Contact Person Address: sanketgire@yahoo.com
Posted By: sanket gire and Contact sanket gire
SEMICONDUCTOR ANALYTICS

Recent Press Releases

Industrial Gear Oils Market Size, St...

17th Sept 2019 - The global Industrial Gear Oils Market estimated to touch a higher CAGR by the completion of the prediction period. The lubricants perform an energetic part in the

17 September, 2019

Villa in Dubai - Buy Townhouse in Du...

By going for a look at the transportation choices you can make some neighborhoods that will allow you traveling to work and never having to spend hours in traffic jams, which ca

17 September, 2019

The Global Naval Vessels And Surface...

Get a free sample report and a full review of global naval vessels and surface combatants market to Identify the major channels that are driving the global naval vessels and surfac

17 September, 2019