The Global Third-Party Risk Management Market is expected to grow from USD 3.1 billion in 2018 to USD 6.9 billion by 2026 at a CAGR of 15.67% during the forecast period from 2018-2026.
The Global Third-Party Risk Management Market was valued at USD 3.1 billion in 2018, is projected to reach USD 6.9 billion by the end of 2026, exhibiting a CAGR of 15.67%. Stringent compliance mandates to tackle third-party risks, lack of in-house competencies in the organization across several verticals, and rising instances of cyber attacks, are expected to accelerate the demand for third-party risk management market during the forecast period. Low installation and maintenance cost boost the adoption of cloud-based third-party risk management solutions.
Market Overview:
Third-Party Risk Management is important for protecting from variety of threats, but developing and overseeing a third-party risk management (TPRM) program can be extraordinarily resource-intensive. Additionally, necessity for economic management and increasing adoption of virtual applications also propels the third-party risk management market during the projected period. increasing demand for hybrid environment and technological advancements which includes automation, smart contracts, and data analytics holds significant growth opportunity during the forecast period.
The major key Vendors includes in the third-party risk management market are Bitsight Technologies, Genpact, NAVEX Global, MetricStream, SAI Global, Resolver, Galvanize, IBM, Optiv Security, RapidRatings, RSA Security (Dell), Venminder, LogicManager
Report Description:
- The base year for the study has been considered 2018, historic year 2015, 2016, and 2017, the forecast period considered is from 2019 to 2026
- The study delivers a comprehensive analysis of Third-Party Risk Management market by component, deployment mode, organization size, vertical, and region
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the third-party risk management market. This report incorporates the industry analysis which is focused on providing an extensive view of the third-party risk management market
- The study also includes attractiveness analysis of vertical segment and region which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market
- The report provides company profile of the key players operating in the third-party risk management market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1 Report Overview
- 1.1 Study Scope
- 1.2 Key Market Segments
- 1.3 Players Covered: Ranking by Third-Party Risk Management Revenue
- 1.4 Market Analysis by Type
- 1.4.1 Global Third-Party Risk Management Market Size Growth Rate by Type: 2020 VS 2026
- 1.4.2 Financial Controls
- 1.4.3 Contract Management
- 1.4.4 Relationship Management
- 1.4.5 Other
- 1.5 Market by Application
- 1.5.1 Global Third-Party Risk Management Market Share by Application: 2020 VS 2026
- 1.5.2 Large Business
- 1.5.3 SMBs
- 1.6 Study Objectives
- 1.7 Years Considered
2 Global Growth Trends by Regions
- 2.1 Third-Party Risk Management Market Perspective (2015-2026)
- 2.2 Third-Party Risk Management Growth Trends by Regions
- 2.2.1 Third-Party Risk Management Market Size by Regions: 2015 VS 2020 VS 2026
- 2.2.2 Third-Party Risk Management Historic Market Share by Regions (2015-2020)
- 2.2.3 Third-Party Risk Management Forecasted Market Size by Regions (2021-2026)
- 2.3 Industry Trends and Growth Strategy
- 2.3.1 Market Top Trends
- 2.3.2 Market Drivers
- 2.3.3 Market Challenges
- 2.3.4 Porter’s Five Forces Analysis
- 2.3.5 Third-Party Risk Management Market Growth Strategy
- 2.3.6 Primary Interviews with Key Third-Party Risk Management Players (Opinion Leaders)
3 Competition Landscape by Key Players
- 3.1 Global Top Third-Party Risk Management Players by Market Size
- 3.1.1 Global Top Third-Party Risk Management Players by Revenue (2015-2020)
- 3.1.2 Global Third-Party Risk Management Revenue Market Share by Players (2015-2020)
- 3.1.3 Global Third-Party Risk Management Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
- 3.2 Global Third-Party Risk Management Market Concentration Ratio
- 3.2.1 Global Third-Party Risk Management Market Concentration Ratio (CR5 and HHI)
- 3.2.2 Global Top 10 and Top 5 Companies by Third-Party Risk Management Revenue in 2019
- 3.3 Third-Party Risk Management Key Players Head office and Area Served
- 3.4 Key Players Third-Party Risk Management Product Solution and Service
- 3.5 Date of Enter into Third-Party Risk Management Market
- 3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
- 4.1 Global Third-Party Risk Management Historic Market Size by Type (2015-2020)
- 4.2 Global Third-Party Risk Management Forecasted Market Size by Type (2021-2026)
5 Third-Party Risk Management Breakdown Data by Application (2015-2026)
- 5.1 Global Third-Party Risk Management Market Size by Application (2015-2020)
- 5.2 Global Third-Party Risk Management Forecasted Market Size by Application (2021-2026)
6 North America
- 6.1 North America Third-Party Risk Management Market Size (2015-2020)
- 6.2 Third-Party Risk Management Key Players in North America (2019-2020)
- 6.3 North America Third-Party Risk Management Market Size by Type (2015-2020)
- 6.4 North America Third-Party Risk Management Market Size by Application (2015-2020)
7 Europe
- 7.1 Europe Third-Party Risk Management Market Size (2015-2020)
- 7.2 Third-Party Risk Management Key Players in Europe (2019-2020)
- 7.3 Europe Third-Party Risk Management Market Size by Type (2015-2020)
- 7.4 Europe Third-Party Risk Management Market Size by Application (2015-2020)
8 China
- 8.1 China Third-Party Risk Management Market Size (2015-2020)
- 8.2 Third-Party Risk Management Key Players in China (2019-2020)
- 8.3 China Third-Party Risk Management Market Size by Type (2015-2020)
- 8.4 China Third-Party Risk Management Market Size by Application (2015-2020)
9 Japan
- 9.1 Japan Third-Party Risk Management Market Size (2015-2020)
- 9.2 Third-Party Risk Management Key Players in Japan (2019-2020)
- 9.3 Japan Third-Party Risk Management Market Size by Type (2015-2020)
- 9.4 Japan Third-Party Risk Management Market Size by Application (2015-2020)
10 Southeast Asia
- 10.1 Southeast Asia Third-Party Risk Management Market Size (2015-2020)
- 10.2 Third-Party Risk Management Key Players in Southeast Asia (2019-2020)
- 10.3 Southeast Asia Third-Party Risk Management Market Size by Type (2015-2020)
- 10.4 Southeast Asia Third-Party Risk Management Market Size by Application (2015-2020)
11 India
- 11.1 India Third-Party Risk Management Market Size (2015-2020)
- 11.2 Third-Party Risk Management Key Players in India (2019-2020)
- 11.3 India Third-Party Risk Management Market Size by Type (2015-2020)
- 11.4 India Third-Party Risk Management Market Size by Application (2015-2020)
12 Central & South America
- 12.1 Central & South America Third-Party Risk Management Market Size (2015-2020)
- 12.2 Third-Party Risk Management Key Players in Central & South America (2019-2020)
- 12.3 Central & South America Third-Party Risk Management Market Size by Type (2015-2020)
- 12.4 Central & South America Third-Party Risk Management Market Size by Application (2015-2020)
- 13.1 Bitsight Technologies
- 13.1.1 Bitsight Technologies Company Details
- 13.1.2 Bitsight Technologies Business Overview and Its Total Revenue
- 13.1.3 Bitsight Technologies Third-Party Risk Management Introduction
- 13.1.4 Bitsight Technologies Revenue in Third-Party Risk Management Business (2015-2020))
- 13.1.5 Bitsight Technologies Recent Development
- 13.2 Genpact
- 13.2.1 Genpact Company Details
- 13.2.2 Genpact Business Overview and Its Total Revenue
- 13.2.3 Genpact Third-Party Risk Management Introduction
- 13.2.4 Genpact Revenue in Third-Party Risk Management Business (2015-2020)
- 13.2.5 Genpact Recent Development
- 13.3 NAVEX Global
- 13.3.1 NAVEX Global Company Details
- 13.3.2 NAVEX Global Business Overview and Its Total Revenue
- 13.3.3 NAVEX Global Third-Party Risk Management Introduction
- 13.3.4 NAVEX Global Revenue in Third-Party Risk Management Business (2015-2020)
- 13.3.5 NAVEX Global Recent Development
- 13.4 MetricStream
- 13.4.1 MetricStream Company Details
- 13.4.2 MetricStream Business Overview and Its Total Revenue
- 13.4.3 MetricStream Third-Party Risk Management Introduction
- 13.4.4 MetricStream Revenue in Third-Party Risk Management Business (2015-2020)
- 13.4.5 MetricStream Recent Development
- 13.5 SAI Global
- 13.5.1 SAI Global Company Details
- 13.5.2 SAI Global Business Overview and Its Total Revenue
- 13.5.3 SAI Global Third-Party Risk Management Introduction
- 13.5.4 SAI Global Revenue in Third-Party Risk Management Business (2015-2020)
- 13.5.5 SAI Global Recent Development
- 13.6 Resolver
- 13.6.1 Resolver Company Details
- 13.6.2 Resolver Business Overview and Its Total Revenue
- 13.6.3 Resolver Third-Party Risk Management Introduction
- 13.6.4 Resolver Revenue in Third-Party Risk Management Business (2015-2020)
- 13.6.5 Resolver Recent Development
- 13.7 Galvanize
- 13.7.1 Galvanize Company Details
- 13.7.2 Galvanize Business Overview and Its Total Revenue
- 13.7.3 Galvanize Third-Party Risk Management Introduction
- 13.7.4 Galvanize Revenue in Third-Party Risk Management Business (2015-2020)
- 13.7.5 Galvanize Recent Development
- 13.8 IBM
- 13.8.1 IBM Company Details
- 13.8.2 IBM Business Overview and Its Total Revenue
- 13.8.3 IBM Third-Party Risk Management Introduction
- 13.8.4 IBM Revenue in Third-Party Risk Management Business (2015-2020)
- 13.8.5 IBM Recent Development
- 13.9 Optiv Security
- 13.9.1 Optiv Security Company Details
- 13.9.2 Optiv Security Business Overview and Its Total Revenue
- 13.9.3 Optiv Security Third-Party Risk Management Introduction
- 13.9.4 Optiv Security Revenue in Third-Party Risk Management Business (2015-2020)
- 13.9.5 Optiv Security Recent Development
- 13.10 RapidRatings
- 13.10.1 RapidRatings Company Details
- 13.10.2 RapidRatings Business Overview and Its Total Revenue
- 13.10.3 RapidRatings Third-Party Risk Management Introduction
- 13.10.4 RapidRatings Revenue in Third-Party Risk Management Business (2015-2020)
- 13.10.5 RapidRatings Recent Development
- 13.11 RSA Security (Dell)
- 10.11.1 RSA Security (Dell) Company Details
- 10.11.2 RSA Security (Dell) Business Overview and Its Total Revenue
- 10.11.3 RSA Security (Dell) Third-Party Risk Management Introduction
- 10.11.4 RSA Security (Dell) Revenue in Third-Party Risk Management Business (2015-2020)
- 10.11.5 RSA Security (Dell) Recent Development
- 13.12 Venminder
- 10.12.1 Venminder Company Details
- 10.12.2 Venminder Business Overview and Its Total Revenue
- 10.12.3 Venminder Third-Party Risk Management Introduction
- 10.12.4 Venminder Revenue in Third-Party Risk Management Business (2015-2020)
- 10.12.5 Venminder Recent Development
- 13.13 LogicManager
- 10.13.1 LogicManager Company Details
- 10.13.2 LogicManager Business Overview and Its Total Revenue
- 10.13.3 LogicManager Third-Party Risk Management Introduction
- 10.13.4 LogicManager Revenue in Third-Party Risk Management Business (2015-2020)
- 10.13.5 LogicManager Recent Development
- 15.1 Research Methodology
- 15.1.1 Methodology/Research Approach
- 15.1.2 Data Source
- 15.2 Disclaimer
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
