14.6% Growth Rate for Vendor Risk Management Market by 2022 – New Research

ReportsnReports offers a global report on “Vendor Risk Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 122 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

The Vendor Risk Management Market size is expected to grow from US$ 3.29 Billion in 2017 to US$ 6.50 Billion by 2022, at an estimated CAGR of 14.6% during the forecast period.

 

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Top Companies profiled in the Vendor Risk Management Market:

  • 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)
  • VendorInsight (US)

 

“Compliance management solution is expected to hold the major market size during the forecast period”

The compliance management solution segment is expected to dominate the vendor risk management solutions segment in 2017. The solutions have been in high demand in the highly regulated industry verticals, such as BFSI and healthcare and life sciences, where the companies are dependent on various vendors to carry out their critical operations.

 

“Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period”

The SMEs segment is expected to grow at a higher CAGR during the forecast period. SMEs often prefer to form partnerships with multiple vendors to serve their business objectives, as SMEs lack the in-house resource pool. With the increasing need to partner with different vendors across geographies, it becomes essential for SMEs to ensure and mitigate the critical risks associated with their vendors.

 

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Table of Contents:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency

1.6 Stakeholders

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