Abstract
Summary
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
10.4 ASIA-PACIFIC 192
10.4.1 CHINA 197
10.4.2 JAPAN 202
10.4.3 SOUTH KOREA 207
10.4.4 INDIA 212
10.4.5 AUSTRALIA 217
10.4.6 TAIWAN 222
10.4.7 THAILAND 227
10.4.8 INDONESIA 232
10.4.9 MALAYSIA 237
10.4.10 SINGAPORE 242
10.4.11 NEW ZEALAND 247
10.4.12 PHILIPPINES 252
10.4.13 VIETNAM 257
10.4.14 REST OF ASIA-PACIFIC 262
10.5 MIDDLE EAST AND AFRICA 263
10.5.1 U.A.E 268
10.5.2 SAUDI ARABIA 272
10.5.3 QATAR 276
10.5.4 SOUTH AFRICA 280
10.5.5 EGYPT 285
10.5.6 ISRAEL 289
10.5.7 OMAN 293
10.5.8 KUWAIT 297
10.5.9 BAHRAIN 301
10.5.10 REST OF MIDDLE EAST AND AFRICA 305
10.6 SOUTH AMERICA 306
10.6.1 BRAZIL 310
10.6.2 ARGENTINA 314
10.6.3 REST OF SOUTH AMERICA 318
11 GLOBAL RISK MANAGEMENT MARKET: COMPANY LANDSCAPE 319
11.1 COMPANY SHARE ANALYSIS: GLOBAL 319
11.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 320
11.3 COMPANY SHARE ANALYSIS: EUROPE 321
11.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 322
12 SWOT ANALYSIS 323
13 COMPANY PROFILES 324
13.1 RISKPARTNER 324
13.1.1 COMPANY SNAPSHOT 324
13.1.2 SERVICE PORTFOLIO 324
13.1.3 RECENT DEVELOPMENT 324
13.2 LEA 325
13.2.1 COMPANY SNAPSHOT 325
13.2.2 SERVICE PORTFOLIO 325
13.2.3 RECENT DEVELOPMENTS 325
13.3 RISKVERSITY 327
13.3.1 COMPANY SNAPSHOT 327
13.3.2 SERVICE PORTFOLIO 327
13.3.3 RECENT DEVELOPMENT 327
13.4 ERM EXCHANGE 328
13.4.1 COMPANY SNAPSHOT 328
13.4.2 SERVICE PORTFOLIO 328
13.4.3 RECENT DEVELOPMENT 328
13.5 RISK SOLUTIONS INTERNATIONAL 329
13.5.1 COMPANY SNAPSHOT 329
13.5.2 SERVICE PORTFOLIO 329
13.5.3 RECENT DEVELOPMENTS 329
13.6 CEERISK 331
13.6.1 COMPANY SNAPSHOT 331
13.6.2 SERVICE PORTFOLIO 331
13.6.3 RECENT DEVELOPMENTS 331
13.7 CYMUNE 333
13.7.1 COMPANY SNAPSHOT 333
13.7.2 SERVICE PORTFOLIO 333
13.7.3 RECENT DEVELOPMENT 333
13.8 ICON RISK 334
13.8.1 COMPANY SNAPSHOT 334
13.8.2 SERVICE PORTFOLIO 334
13.8.3 RECENT DEVELOPMENT 334
13.9 JVB & CO 335
13.9.1 COMPANY SNAPSHOT 335
13.9.2 SERVICE PORTFOLIO 335
13.9.3 RECENT DEVELOPMENT 335
13.10 RISKINSIGHT CONSULTING PVT. LTD 336
13.10.1 COMPANY SNAPSHOT 336
13.10.2 SERVICE PORTFOLIO 336
13.10.3 RECENT DEVELOPMENT 336
13.11 RISKPRO INDIA VENTURES PRIVATE LIMITED 337
13.11.1 COMPANY SNAPSHOT 337
13.11.2 SERVICE PORTFOLIO 337
13.11.3 RECENT DEVELOPMENT 337
13.12 RISK LOGIC INC 338
13.12.1 COMPANY SNAPSHOT 338
13.12.2 SERVICE PORTFOLIO 338
13.12.3 RECENT DEVELOPMENT 338
14 QUESTIONNAIRE 339
15 RELATED REPORTS 342