Market Overview:
The global integrated risk management solutions market is expected to grow from USD 2.02 Billion in 2018 to USD 4.06 Billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing need for risk identification and assessment across different industries, rising adoption of cloud-based integrated risk management solutions, and growing demand for real-time monitoring and reporting of risks across organizations. However, data security concerns may restrain the growth of the global integrated risk management solutions market during the forecast period.
Product Definition:
Integrated risk management solutions (IRMS) are software platforms that allow businesses to manage their risks across all departments and business functions. IRMS provide a single, central location for companies to track risks, assess their potential impact on the business, and develop mitigation plans.
The importance of integrated risk management solutions cannot be overstated. By managing risks in a centralized fashion, businesses can avoid duplication of efforts, ensure consistency in approach across departments, and make better-informed decisions about how best to protect their company from harm. Additionally, by using IRMS as a communication tool between different departments—such as finance and operations—businesses can improve operational efficiency and reduce the likelihood of costly mistakes.
Cloud-based:
Cloud-based IRTMS is a software system that enables the integration of real-time risk data from multiple sources and provides an interactive process for managing the risks. It helps organizations to effectively manage their business continuity plans and disaster recovery plans, which are crucial aspects of any large enterprise.
On-premises:
On-premises solutions are software and applications that are installed and operated directly from an organization's server or computer. On-premises software is generally used for internal purposes, such as data security and information privacy.
Application Insights:
The manufacturing segment dominated the global integrated risk management solutions market in 2017. The growth can be attributed to the increasing adoption of these solutions by manufacturers for managing risks associated with supply chain and production. For instance, in February 2018, BASF announced that it has integrated its ERP system with IoT-based sensor technology to monitor physical conditions of plants and track abnormalities such as temperature fluctuations or vibrations. Such advancements are expected to drive demand over the forecast period.
Retail is estimated to be one of the fastest-growing segments over the forecast period owing to rising consumer spending on luxury goods and services, which has created a need for robust risk management systems at retail companies across various industries worldwide. Retailers use these systems for inventory optimization as well as fraud detection and prevention activities across all channels including online, mobile stores, physical stores etc., thereby driving demand globally over next seven years or so (18% CAGR).
Regional Analysis:
The North American region accounted for the largest revenue share in 2017. The growth can be attributed to the increasing cyber-attacks, data breaches, and frauds that have been taking place at a steady rate in this region. Moreover, various government regulations such as Gramm-Leach-Bliley (GLB) Act require financial institutions to implement certain measures to ensure consumer protection. This is expected to drive the demand for integrated risk management solutions in this region over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising regulatory pressure on banks.
In addition, growing number of data breaches across all industries has led many companies across all regions including Europe.
Growth Factors:
- Increasing demand for risk management solutions from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of risk management
- The increasing number of regulations and compliance requirements that organizations must adhere to, which is driving the need for risk management solutions
- The increasing adoption of cloud-based risk management solutions, which is making it easier and more affordable for organizations to implement risk management solutions
- The growing trend of outsourcing non-core functions, such as risk management, which is freeing up internal resources so that organizations can focus on their core business activities
- The increasing use of big data and analytics in Risk Management Solutions, which is helping organizations better understand their risks and make more informed decisions about how best to manage them
Scope Of The Report
Report Attributes
Report Details
Report Title
Integrated Risk Management Solutions Market Research Report
By Type
Cloud-based, On-premises
By Application
Manufacturing, Retail, Financial, Government, Others
By Companies
MetricStream, Dell Technologies, NASDAQ, Thomson Reuters, LogicManager, LockPath, IBM, Rsam, ACL, Fusion Risk Management, SAI Global, Cura Software, Greenlight Technologies, Protiviti, Resolver, ServiceNow, Enablon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Integrated Risk Management Solutions Market Report Segments:
The global Integrated Risk Management Solutions market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Retail, Financial, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MetricStream
- Dell Technologies
- NASDAQ
- Thomson Reuters
- LogicManager
- LockPath
- IBM
- Rsam
- ACL
- Fusion Risk Management
- SAI Global
- Cura Software
- Greenlight Technologies
- Protiviti
- Resolver
- ServiceNow
- Enablon
Highlights of The Integrated Risk Management Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Manufacturing
- Retail
- Financial
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Integrated Risk Management Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Integrated Risk Management Solutions (IRMS) is a global provider of risk management solutions. IRMS' products and services help organizations identify, assess, manage, and monitor risks across all areas of their operations. IRMS' risk management solutions are designed to provide comprehensive coverage for all types of risks, from financial to operational to environmental.
Some of the major players in the integrated risk management solutions market are MetricStream, Dell Technologies, NASDAQ, Thomson Reuters, LogicManager, LockPath, IBM, Rsam, ACL, Fusion Risk Management, SAI Global, Cura Software, Greenlight Technologies, Protiviti, Resolver, ServiceNow, Enablon.
The integrated risk management solutions market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Integrated Risk Management Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Integrated Risk Management Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Integrated Risk Management Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Integrated Risk Management Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Integrated Risk Management Solutions Market Size & Forecast, 2020-2028
4.5.1 Integrated Risk Management Solutions Market Size and Y-o-Y Growth
4.5.2 Integrated Risk Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Retail
6.2.3 Financial
6.2.4 Government
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Integrated Risk Management Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Integrated Risk Management Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Retail
9.10.3 Financial
9.10.4 Government
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Retail
10.10.3 Financial
10.10.4 Government
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Retail
11.10.3 Financial
11.10.4 Government
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Retail
12.10.3 Financial
12.10.4 Government
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Retail
13.10.3 Financial
13.10.4 Government
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Integrated Risk Management Solutions Market: Competitive Dashboard
14.2 Global Integrated Risk Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MetricStream
14.3.2 Dell Technologies
14.3.3 NASDAQ
14.3.4 Thomson Reuters
14.3.5 LogicManager
14.3.6 LockPath
14.3.7 IBM
14.3.8 Rsam
14.3.9 ACL
14.3.10 Fusion Risk Management
14.3.11 SAI Global
14.3.12 Cura Software
14.3.13 Greenlight Technologies
14.3.14 Protiviti
14.3.15 Resolver
14.3.16 ServiceNow
14.3.17 Enablon
