PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484688
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484688
Business Continuity Management Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Key Highlights
The business continuity management market was valued at USD 693.6 million in 2023, and it will increase to USD 2,086.6 million, propelling at a 17.2% CAGR, by 2030.
Establishments that have intricate business processes are subject to increasing operational risks because of stiff regulatory penalties, compliance mandates, and economic uncertainties, in addition to the rising risks with model, conduct, cybersecurity, and vendors.
Such companies are demanding strong risk mitigation, better risk accountability, and real-time risk assessment from management & business lines.
With financial service establishments progressively increasing their businesses, the need for process transparency and accountability, along with that for guaranteeing proactive risk mitigation, is driving the need for BCM solutions globally.
The surging need for business continuity management (BCM) from SMEs is a key trend being observed in this industry.
A rising count of SMEs, in the last few years, have employed BCM solutions & services to expand as well as improve their businesses.
The major companies in this industry are concentrating on offering more flexible services and solutions for SMEs.
This is mainly because of the new customer base's substantial size and increasing consciousness of the significance of safeguarding their assets.
The rising need has been precisely significant in companies that function in under-regulated sectors.
Key Insights
North America was the largest contributor to the industry in 2023, with approximately 45% share.
This is because of the existence of many businesses and key financial bodies and the risks of disruption to operations because of natural disasters.
Over 60% of businesses in the U.S. are funding in enterprise continuity management solutions.
This can be attributed to the existence of many commercial enterprises and IT firms, which boosts the overall security menace to this nation.
APAC will advance at the fastest compound annual growth rate, of 17.6%, in the years to come.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering
- 1.4.2. Market size breakdown, by organization size
- 1.4.3. Market size breakdown, by industry
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
Chapter 6. Global Market
Chapter 7. North America Market
Chapter 8. Europe Market
Chapter 9. APAC Market
Chapter 10. LATAM Market
Chapter 11. MEA Market
Chapter 12. U.S. Market
Chapter 13. Canada Market
Chapter 14. Germany Market
Chapter 15. France Market
Chapter 16. U.K. Market
Chapter 17. Italy Market
Chapter 18. Spain Market
Chapter 19. Japan Market
Chapter 20. China Market
Chapter 21. India Market
Chapter 22. Australia Market
Chapter 23. South Korea Market
Chapter 24. Brazil Market
Chapter 25. Mexico Market
Chapter 26. Saudi Arabia Market
Chapter 27. South Africa Market
Chapter 28. U.A.E. Market
Chapter 29. Competitive Landscape
Chapter 30. Company Profiles
Chapter 31. Appendix
