Industry Background:
Enterprise Risk Management Software design to represent and count the collective portfolio of risks an organization faces. It helps in driving the strategy and strategic decisions, to take advantage of business opportunities, this reduces the likelihood and the severity of risk events, and help enhance resources and capital.
According to AMA Research, the market for Enterprise Risk Management Software is expected to register a CAGR of 8.1% during the forecast period to 2030. This growth is primarily driven by Growing Number of Small and Medium Size Organization Across the Globe
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SAP SE (Germany), Thomson Reuters (Canada), Refinitiv (United Kingdom), SAS (United States), Wolters Kluwer (Netherlands), MetricStream Inc. (United States) and BWise (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022, Atlanta Riskonnect, the leader in integrated risk management (IRM) solutions, announced the closing of its acquisition of Sword GRC, a UK-based software company that specializes in project and enterprise risk management solutions, from Sword Group. The acquisition advances Riskonnect’s IRM vision by seamlessly incorporating project risk capabilities into its platform, enabling customers to bring all aspects of enterprise risk under one roof.
In August 2023 Synopsys, Inc. announced the launch of Synopsys Software Risk Manager, a powerful new application security posture management (ASPM) solution. Software Risk Manager enables security and development teams to simplify, align and streamline their application security testing across projects, teams and application security testing (AST) tools. It aligns intelligent policy-driven orchestration and vulnerability management capabilities with the Synopsys Software Integrity Group's market-leading SAST and SCA engines, with broad support for other open-source and commercial AST tools.The market is fragmented by major leading players who are highly focusing on production technologies, improving efficiency, and service life. With the increasing opportunities is captured by the leading players with the of business growth strategies.
Influencing Trend:
Mounting Demand from Government Agencies and Rapid Adoption of AI and Block-Chain Technology
Market Growth Drivers:
Growing Number of Small and Medium Size Organization Across the Globe and Rising Complexities Across Business Processes
Challenges:
Many organizations have siloed risk management practices, which can lead to gaps in risk management across the organization
Restraints:
Stringent Regulatory Standards Associated with Risk Management Consulting
Opportunities:
Growth in the Usage of Cloud-Based Platforms and Growing Inventions in the Fin-Tech Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Enterprise Risk Management Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Enterprise Risk Management Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Enterprise Risk Management Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Enterprise Risk Management Software Study Sheds Light on
The Enterprise Risk Management Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Enterprise Risk Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enterprise Risk Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.