Global Vendor Risk Management Market Size study, By Solution, By Deployment Type, By Enterprise Size, By End-use, and Regional Forecasts 2022-2028

Description

List of Tables

Global Vendor Risk Management Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Vendor Risk Management can be defined as the management and monitoring of risks resulting from third-party vendors and suppliers of information technology (IT) products and services. VRM solutions are utilized to ensure that third-party products, IT vendors and service providers do not result in business disruption or financial and reputational damage. The rising incidences of security breaches and growing digitization across different industries as well as recent product launches from leading market players are factors that are accelerating the global market demand. For instance, according to Statista - as of 2022, global Spending on digital transformation technologies and services is estimated at USD 1800 billion, and this amount is projected to grow to USD 2800 billion by end of 2025. Furthermore, August 2021, Trustwave launched cyber supply chain risk assessment solution for enterprises and (Small and Medium Business Solutions) SMBs named Managed Vendor Risk Assessment (MVRA) in the Asia Pacific region. This new solution offers fully scalable cybersecurity vendor assessments. Also, growing penetration Artificial intelligence and machine learning technologies and rising industrialization across different industries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, cost associated with deployment of on premises solutions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Vendor Risk Management Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing prevalence of security breaches and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing focus of SMEs on digitization and rapid industrialization in the region, would create lucrative growth prospects for the global Vendor Risk Management Market across the Asia Pacific region.

Major market players included in this report are:

Aavenir

BitSight Technologies

Genpact

LockPath

MetricStream

Optive Security, Inc.

Rapid Ratings International, Inc.

Resolver, Inc.

RSA Security LLC

SAI Global

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution

Vendor Information Management

Contract Management

Financial Control

Compliance Management

Audit Management

Quality Assurance Management

By Deployment Type

Cloud

On-premises

By Enterprise Size

Large Enterprises

Small & Medium Enterprises

By End-use

BFSI

IT & Telecom

Retail & Consumer Goods

Manufacturing

Energy & Utilities

Healthcare

Government

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Vendor Risk Management Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Global Vendor Risk Management Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Global Vendor Risk Management Market, by Solution, 2020-2028 (USD Million)
- 1.2.3. Global Vendor Risk Management Market, by Deployment Type, 2020-2028 (USD Million)
- 1.2.4. Global Vendor Risk Management Market, by Enterprise Size, 2020-2028 (USD Million)
- 1.2.5. Global Vendor Risk Management Market, by End-use, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Vendor Risk Management Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Vendor Risk Management Market Dynamics

3.1. Vendor Risk Management Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising incidences of security breaches
  - 3.1.1.2. Growing digitization across different industries.
  - 3.1.1.3. Recent product launches from leading market players.
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost associated with deployment of on premises solutions.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing penetration AI and ML technologies.
  - 3.1.3.2. Rising industrialization across different industries.

Chapter 4. Global Vendor Risk Management Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Vendor Risk Management Market, by Solution

6.1. Market Snapshot
6.2. Global Vendor Risk Management Market by Solution, Performance - Potential Analysis
6.3. Global Vendor Risk Management Market Estimates & Forecasts by Solution 2018-2028 (USD Million)
6.4. Vendor Risk Management Market, Sub Segment Analysis
- 6.4.1. Vendor Information Management
- 6.4.2. Contract Management
- 6.4.3. Financial Control
- 6.4.4. Compliance Management
- 6.4.5. Audit Management
- 6.4.6. Quality Assurance Management

Chapter 7. Global Vendor Risk Management Market, by Deployment Type

7.1. Market Snapshot
7.2. Global Vendor Risk Management Market by Deployment Type, Performance - Potential Analysis
7.3. Global Vendor Risk Management Market Estimates & Forecasts by Deployment Type 2018-2028 (USD Million)
7.4. Vendor Risk Management Market, Sub Segment Analysis
- 7.4.1. Cloud
- 7.4.2. On-premises

Chapter 8. Global Vendor Risk Management Market, by Enterprise Size

8.1. Market Snapshot
8.2. Global Vendor Risk Management Market by Enterprise Size, Performance - Potential Analysis
8.3. Global Vendor Risk Management Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Million)
8.4. Vendor Risk Management Market, Sub Segment Analysis
- 8.4.1. Large Enterprises
- 8.4.2. Small & Medium Enterprises

Chapter 9. Global Vendor Risk Management Market, by End-use

9.1. Market Snapshot
9.2. Global Vendor Risk Management Market by End-use, Performance - Potential Analysis
9.3. Global Vendor Risk Management Market Estimates & Forecasts by End-use 2018-2028 (USD Million)
9.4. Vendor Risk Management Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. IT & Telecom
- 9.4.3. Retail & Consumer Goods
- 9.4.4. Manufacturing
- 9.4.5. Energy & Utilities
- 9.4.6. Healthcare
- 9.4.7. Government
- 9.4.8. Others

Chapter 10. Global Vendor Risk Management Market, Regional Analysis

10.1. Vendor Risk Management Market, Regional Market Snapshot
10.2. North America Vendor Risk Management Market
- 10.2.1. U.S. Vendor Risk Management Market
  - 10.2.1.1. Solution estimates & forecasts, 2018-2028
  - 10.2.1.2. Deployment Type estimates & forecasts, 2018-2028
  - 10.2.1.3. Enterprise Size estimates & forecasts, 2018-2028
  - 10.2.1.4. End-use estimates & forecasts, 2018-2028
- 10.2.2. Canada Vendor Risk Management Market
10.3. Europe Vendor Risk Management Market Snapshot
- 10.3.1. U.K. Vendor Risk Management Market
- 10.3.2. Germany Vendor Risk Management Market
- 10.3.3. France Vendor Risk Management Market
- 10.3.4. Spain Vendor Risk Management Market
- 10.3.5. Italy Vendor Risk Management Market
- 10.3.6. Rest of Europe Vendor Risk Management Market
10.4. Asia-Pacific Vendor Risk Management Market Snapshot
- 10.4.1. China Vendor Risk Management Market
- 10.4.2. India Vendor Risk Management Market
- 10.4.3. Japan Vendor Risk Management Market
- 10.4.4. Australia Vendor Risk Management Market
- 10.4.5. South Korea Vendor Risk Management Market
- 10.4.6. Rest of Asia Pacific Vendor Risk Management Market
10.5. Latin America Vendor Risk Management Market Snapshot
- 10.5.1. Brazil Vendor Risk Management Market
- 10.5.2. Mexico Vendor Risk Management Market
10.6. Rest of The World Vendor Risk Management Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies
11.2. Company Profiles
- 11.2.1. Aavenir
  - 11.2.1.1. Key Information
  - 11.2.1.2. Overview
  - 11.2.1.3. Financial (Subject to Data Availability)
  - 11.2.1.4. Product Summary
  - 11.2.1.5. Recent Developments
- 11.2.2. BitSight Technologies
- 11.2.3. Genpact
- 11.2.4. LockPath
- 11.2.5. MetricStream
- 11.2.6. Optive Security, Inc.
- 11.2.7. Rapid Ratings International, Inc.
- 11.2.8. Resolver, Inc.
- 11.2.9. RSA Security LLC
- 11.2.10. SAI Global

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Vendor Risk Management Market, report scope
TABLE 2. Global Vendor Risk Management Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Vendor Risk Management Market estimates & forecasts by Solution 2018-2028 (USD Million)
TABLE 4. Global Vendor Risk Management Market estimates & forecasts by Deployment Type 2018-2028 (USD Million)
TABLE 5. Global Vendor Risk Management Market estimates & forecasts by Enterprise Size 2018-2028 (USD Million)
TABLE 6. Global Vendor Risk Management Market estimates & forecasts by End-use 2018-2028 (USD Million)
TABLE 7. Global Vendor Risk Management Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Vendor Risk Management Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Vendor Risk Management Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Vendor Risk Management Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Vendor Risk Management Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Vendor Risk Management Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Vendor Risk Management Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Vendor Risk Management Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Vendor Risk Management Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. Global Vendor Risk Management Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 18. U.S. Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. U.S. Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 20. Canada Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 21. Canada Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. Canada Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 23. UK Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 24. UK Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. UK Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 26. Germany Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 27. Germany Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. Germany Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 29. RoE Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 30. RoE Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. RoE Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 32. China Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 33. China Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. China Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 35. India Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 36. India Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. India Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 38. Japan Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 39. Japan Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. Japan Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 41. RoAPAC Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 42. RoAPAC Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. RoAPAC Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 44. Brazil Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 45. Brazil Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Brazil Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 47. Mexico Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 48. Mexico Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. Mexico Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 50. RoLA Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 51. RoLA Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. RoLA Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 53. Row Vendor Risk Management Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 54. Row Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. Row Vendor Risk Management Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 56. List of secondary sources, used in the study of global Vendor Risk Management Market
TABLE 57. List of primary sources, used in the study of global Vendor Risk Management Market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Vendor Risk Management Market, research methodology
FIG 2. Global Vendor Risk Management Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Vendor Risk Management Market, key trends 2021
FIG 5. Global Vendor Risk Management Market, growth prospects 2022-2028
FIG 6. Global Vendor Risk Management Market, porters 5 force model
FIG 7. Global Vendor Risk Management Market, pest analysis
FIG 8. Global Vendor Risk Management Market, value chain analysis
FIG 9. Global Vendor Risk Management Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Vendor Risk Management Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Vendor Risk Management Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Vendor Risk Management Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Vendor Risk Management Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Vendor Risk Management Market, regional snapshot 2018 & 2028
FIG 15. North America Vendor Risk Management Market 2018 & 2028 (USD Million)
FIG 16. Europe Vendor Risk Management Market 2018 & 2028 (USD Million)
FIG 17. Asia pacific Market 2018 & 2028 (USD Million)
FIG 18. Latin America Vendor Risk Management Market 2018 & 2028 (USD Million)
FIG 19. Global Vendor Risk Management Market, company Market share analysis (2021)