This product includes two reports: Market Share and Market Forecast.
Market Share Description:
QKS Group Reveals that the IT Risk Management Market is Projected to Register a CAGR of 11.90% by 2028.
Organizations across the globe partner with various third parties such as vendors, suppliers, and contractors for outsourcing their products and critical services in order to minimize the overall operational costs, improve profitability, gain competitive advantage, attain faster time to the market, and boost the organization's productivity. Moreover, with the rise of globalization and the internet, there has been a significant reliance on IT vendors to handle various critical organizational IT functions. Thus, a breach at any of these third parties poses the risk of network security vulnerabilities, Non-compliance with regulations, and equipment failure. Hence, for security purposes, an IT risk management (ITRM) platform is highly recommended to understand the risk exposure that the IT vendors or vendor networks pose to the overall organization.
Quadrant Knowledge Solutions defines "IT Risk Management involves the process of identifying, assessing, and mitigating risks that could affect an organization's information technology systems and infrastructure. This process is crucial to maintaining the integrity, confidentiality, and availability of IT systems and data. IT Risk Management ensures that the organization adheres to relevant regulatory requirements, industry standards, and internal policies. By implementing effective IT Risk Management practices, organizations can identify, evaluate, and address potential threats to their IT infrastructure, thus ensuring the security and reliability of their systems and data."
Increase in a cyber threats and digital risks, IT risk management vendors are highly leveraging technologies like artificial intelligence, machine learning, and predictive analytics which can monitor the activities continuously. Global regulations and compliance requirements are increasingly becoming stringent, and regulators are employing increased scrutiny on risk monitoring, segregation of duties (SOD) management reporting, and continuous control monitoring (CCM). With the need to comply with the global and local regulations, ITRM vendors are ensuring that they offer improved compliance and enhanced reporting capabilities. Leading ITRM vendors are heavily investing and supporting cloud deployments solutions that allow them to shift resources and help them to focus on delivering greater value for their customers by catering to the needs of customers.
Market Forecast Description:
QKS Group Reveals that the IT Risk Management Market is Projected to Register a CAGR of 11.90% by 2028.
IT Risk Management involves the process of identifying, assessing, and mitigating risks that could affect an organization's information technology systems and infrastructure. This process is crucial to maintaining the integrity, confidentiality, and availability of IT systems and data. IT Risk Management ensures that the organization adheres to relevant regulatory requirements, industry standards, and internal policies. By implementing effective IT Risk Management practices, organizations can identify, evaluate, and address potential threats to their IT infrastructure, thus ensuring the security and reliability of their systems and data.
TABLE OF CONTENTS
Market Share:
Chapter 01: Executive Summary
Key Research Findings
Top Predictions
Top Trends
Market Summary
Chapter 02: Market Overview
Market Definition and Scope
Key Factors Impacting the Market
Drivers & Restraints
Chapter 03: Market Share Analysis- Worldwide
Global ITRM Market Share Analysis
Chapter 04: Market Share Analysis
Market Share by Region
Market Share Worldwide
Market Share USA
Market Share Canada
Market Share Latin America
Market Share Western Europe
Market Share Central & Eastern Europe
Market Share Middle East & Africa
Market Share China
Market Share APAC Ex Japan & China
Market Share Japan
Market Share by Industry Verticals
Market Share by Media & Entertainment
Market Share by Retail
Market Share by BFSI
Market Share by Travel & Hospitality
Market Share by Education
Market Share by Public Sector
Market Share by Healthcare & Life Science
Market Share by Automotive
Market Share by Food & Beverage
Market Share by Deployment Type
Market Share by Deployment Type: On-prem
Market Share by Deployment Type: Cloud
Market Share by Customer Type
Market Share by SMB
Market Share by Large
Market Share by Enterprise
Chapter 05: Company Profile
Company Overview
Analyst Perspectives and Analysis
Chapter 06: Appendix
Research Methodologies
Market Forecast:
Chapter 01: Executive Summary
Key Research Findings
Top Predictions
Top Trends
Market Summary
Chapter 02: Market Overview
Market Definition and Scope
Key Factors Impacting the Market
Drivers & Restraints
Chapter 03: Market Forecast Analysis
Market Forecast by Region
Market Forecast Global
Market Forecast USA
Market Forecast Canada
Market Forecast Latin America
Market Forecast Western Europe
Market Forecast Central & Eastern Europe
Market Forecast Middle East & Africa
Market Forecast China
Market Forecast APAC Ex Japan & China
Market Forecast Japan
Market Forecast by Industry Verticals
Market Forecast by Media & Entertainment
Market Forecast by Retail
Market Forecast by BFSI
Market Forecast by Travel & Hospitality
Market Forecast by Education
Market Forecast by Public Sector
Market Forecast by Healthcare & Life Science
Market Forecast by Automotive
Market Forecast by Food & Beverage
Market Forecast by Deployment Type
Market Forecast by Deployment Type: On-prem
Market Forecast Deployment Type: Cloud
Market Forecast by Customer Type
Market Forecast by SMB
Market Forecast by Large
Market Forecast by Enterprise
Chapter 04: Company Profile
Company Overview
Analyst Perspectives and Analysis
Chapter 05: Appendix
Research Methodologies
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