Market Highlights:
Third-Party Risk Management (TPRM) involves the oversight function of key service providers that contribute to the operations of a separate entity. These third parties may have access to data owned either by the primary organization or its clients, which exposes both parties to confidentiality, integrity, and availability risks. Therefore, many organizations maintain an inventory of third parties and the services they provide, along with a method for assessing the criticality of these third parties based on the inherent risks of sharing data. The market study is being classified by Type (Financial Controls, Contract Management, Relationship Management and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Ukraine, Norway, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Third Party Risk Management are Bitsight Technologies (United States), Genpact (United States), LockPath (United States), MetricStream (United States), Resolver (Canada), SAI Gloal (Australia), IBM (United States), Optiv (United States) and RapidRatings (United States).

The Organisation Size, such as Small Medium Enterprise, is boosting the Third Party Risk Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.



Key Questions Answered in the Report
What will the Third Party Risk Management Market size and the growth rate be in Future?
What are the key factors driving the Third Party Risk Management Market?
What are the key market trends and macro-economic impacting the growth of the Third Party Risk Management Market?
What are the challenges to market growth?
Who are the key vendors in the Third Party Risk Management Market?
What are the market opportunities and threats faced by the vendors in the Third Party Risk Management Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Third Party Risk Management Market?

Refer complete Table of Content of Third Party Risk Management Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Third Party Risk Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Third Party Risk Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Third Party Risk Management solution and service providers, System integrators, Application developers, Hardware vendors, Consulting firms, Research organizations and Resellers and distributors.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.