About Business Continuity Management Software
Business continuity management software helps companies identify and address potential disruptions in their operations. This type of software is used to ensure the uninterrupted flow of a company’s operations by identifying risks, estimating their disruptive potential, and implementing procedures to mitigate them. Organizations also use software for compliance purposes. Business continuity management software is utilized mainly by compliance and risk management professionals and by departments responsible for quality management and security. Organizations typically implement business continuity management software as part of their risk, governance, and compliance strategies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Business Continuity Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle (United States), Datto, Inc. (United States), Clearview AI (United States), LogicManager (United States), Fusion Risk Management, Inc. (United States), Sai Global (United States), FICO (United States), RecoveryPlanner (United States), SureCloud (United Kingdom) and Axcient (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Techweavers (United States), Enablon (France), WolfPAC (United States) and Quantivate, LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Business Continuity Management Software market by and Region.
On the basis of geography, the market of Business Continuity Management Software has been segmented into 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-based will boost the Business Continuity Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SME’s will boost the Business Continuity Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Business Continuity Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Business Continuity Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Adoption of This Software in SME’s
Market Growth Drivers:
Surging IT Spending Across the Various Industry Verticals and Increasing Operational Risks across the Organizations Booming the Market Growth
Restraints:
Lack of Awareness among the Enterprises
Opportunities:
The Growing Cloud Storage Adoption across Large and Small Enterprises
Market Leaders and their expansionary development strategies
In 2019, Wayne, Pennsylvania based, Assurance Software, Inc. announced a merger with ClearView Continuity. The deal allows Assurance expand its Business Continuity Management (BCM) market leadership position and global reach to over 800 customers, with consulting and support services provided on six continents and primary development, sales, and support centers in the US and UK.
On 28 April 2020, Fusion Risk Management, Inc., a leading provider of business continuity and risk management software and services announced that it has been named winner of the Continuity & Resilience Innovation 2020 Award by The Business Continuity Institute, in this year’s BCI, Americas Awards.
Key Target Audience
Business Continuity Management Software Companies, Potential Investors, Research & Consulting Firms, Downstream Vendors, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.