PUBLISHER: Quadrant Knowledge Solutions | PRODUCT CODE: 1445903
PUBLISHER: Quadrant Knowledge Solutions | PRODUCT CODE: 1445903
Global Market Share: Business Continuity Management, 2022
Quadrant Knowledge Solutions Reveals that Business Continuity Management Market is Projected to Register a CAGR of 9.80% by 2027.
Business Continuity Management is a critical part of business process management, as it keeps the organization running even after massive disruptions. From its original aim to keep the lights on in the event of a cyberattack or natural disaster, it has now become an integrated discipline that emphasizes multidimensional methods of risk identification, remediation, and executable plans to handle the risk caused by a cyberattack or catastrophe.
A Business Continuity Management (BCM) is a solution that safeguards an organization's resources, such as processes, assets, people, products/services, and ensures operational continuity in the event of a disaster. Modern BCM solutions cover risk identification, risk assessment and remediation, crisis management, disaster recovery, enterprise risk management (ERM), and more to manage and mitigate risks. The solution safeguards organizations from various incidents, such as cyber threats, data breaches, complex business risks, and adverse weather conditions. A BCM platform can cover and coordinate various activities, such as training, emergency notices, conference calls, document management, etc., through a unified, comprehensive platform. The platform can also automate manual, repetitive tasks, thereby saving costs and time. The solution also helps to comply with increasingly stringent regulations such as ISO22301 and FCPA.
A BCM solution is backed by technologies such as artificial intelligence (AI) and machine learning (ML) for big data analysis to create scenarios in real-time. Risks already posed in the past are automatically integrated with one another to provide a holistic view of the organization's risk landscape while taking into consideration both vertical and transversal scenarios that show interconnections and dependencies with no silos. AI and ML help to process structured, semi-structured, and unstructured data; create disaster recovery plans by considering inefficiencies in the existing systems and processes and calculate the value of the critical assets. The demand and evolution of BCM solutions are set to grow in the future owing to the changing landscape, and the need to meet unique business requirements.
A solution that helps organizations manage business continuity management (BCM) processes, metrics, and compliance effectively. It manages all phases of the BCM lifecycle, from evaluating operational risk and its business impact; to developing, implementing, monitoring, and updating business continuity and disaster recovery plans." A BCM solution enables organizations to effectively respond to operational crises and helps them recover and restore post-crisis to ensure the availability of critical operations across the enterprise.
Disaster Recovery and Business Continuity continue to be integrated and accepted throughout the entire organisation. Additionally, BCM data demonstrate improved Business Continuity Management programme integration with other corporate functions. The areas that have improved the most include crisis/incident management, disaster recovery, emergency management, information technology, and security information.
Crisis planning and response will continue to be significantly impacted by social media.
Social media will remain a significant danger to crisis management and communications, as well as a huge potential. Social media must be accepted and used by organisations as a means of communication before, during, and after an emergency. More involvement from BC staff is needed in the planning and response to security problems, particularly in relation to cloud-based services.
Table of Contents
Chapter 01: Research Summary
- 2023 Competition Outlook
- Top Research Findings and Key Takeaways
Chapter 02: Market Overview
- Market Definition and Scope
- Revenue Type
- Geographical Regions
- Industry Verticals
Chapter 03: Market Share Analysis
- Market Share by Total Market
- Market Share by Deployment Type
- Cloud
- On-Premises
- Market Share by Geographical Regions
- Canada
- Central & Eastern Europe
- Japan
- Latin America
- Middle East & Africa
- USA
- Western Europe
- Asia Ex-Japan China (AxJC)
- China
- Market Share by Industry Verticals
- Banking and Financial Services
- Electronics & Telecom
- Retail and eCommerce
- Professional Services
- Healthcare and Life Sciences
- Manufacturing
- Media & Entertainment
- Government and Public Sectors
- Education
- Energy & Utility Others
- Others
- Market Share by Customer Types
- SMB
- Large
- Enterprise
Chapter 04: Analyst Recommendations
- Analyst Recommendations
Chapter 05: Appendix
- Research Methodologies
List of Tables
- Table 1 : Market Share, Total Market, Worldwide
- Table 2 : Market Share By Deployment Type, Worldwide
- Table 3 : Market Share By Geographical Regions, USA
- Table 4 : Market Share By Geographical Regions, Canada
- Table 5 : Market Share By Geographical Regions, Latin America
- Table 6 : Market Share By Geographical Regions, Western Europe
- Table 7 : Market Share By Geographical Regions, Central & Eastern Europe
- Table 8 : Market Share By Geographical Regions, MEA
- Table 9 : Market Share By Geographical Regions, Asia ex. JPC
- Table 10 : Market Share By Geographical Regions, Japan
- Table 11 : Market Share By Geographical Regions, China
- Table 12 : Market Share By Industry Vertical 1, Worldwide
- Table 13 : Market Share By Industry Vertical 2, Worldwide
- Table 14 : Market Share By Industry Vertical 3, Worldwide
- Table 15 : Market Share By Industry Vertical 4, Worldwide
- Table 16 : Market Share By Industry Vertical 5, Worldwide
- Table 17 : Market Share By Industry Vertical 6, Worldwide
- Table 18 : Market Share By Industry Vertical 7, Worldwide
- Table 19 : Market Share By Industry Vertical 8, Worldwide
List of Figures
- Fig. 1 Market Share of Business Continuity Management, Worldwide, 2022
- Fig. 2 Market Share of Business Continuity Management, USA, 2022
- Fig. 3 Market Share of Business Continuity Management, Canada, 2022
- Fig. 4 Market Share of Business Continuity Management, Latin America, 2022
- Fig. 5 Market Share of Business Continuity Management, Western Europe, 2022
- Fig. 6 Market Share of Business Continuity Management, Central & Eastern Europe, 2022
- Fig. 7 Market Share of Business Continuity Management, Middle East & Africa, 2022
- Fig. 8 Market Share of Business Continuity Management, Asia excluding Japan and China, 2022
- Fig. 9 Market Share of Business Continuity Management, Japan, 2022
- Fig. 10 Market Share of Business Continuity Management, China, 2022
- Fig. 11 Market Share of Business Continuity Management, IT & Telecom Industry, 2022
- Fig. 12 Market Share of Business Continuity Management, Banking & Financial Services Industry, 2022
- Fig. 13 Market Share of Business Continuity Management, Insurance Industry, 2022
- Fig. 14 Market Share of Business Continuity Management, Healthcare Industry, 2022
- Fig. 15 Market Share of Business Continuity Management, Government & Public Sector, 2022
- Fig. 16 Market Share of Business Continuity Management, Retail & eCommerce, 2022
- Fig. 17 Market Share of Business Continuity Management, Manufacturing, 2022
- Fig. 18 Market Share of Business Continuity Management, Hospitality, 2022
- Fig. 19 Market Share of Business Continuity Management, On-premises Deployment, 2022
- Fig. 20 Market Share of Business Continuity Management, Cloud Deployment, 2022
- Fig. 21 Market Share of Business Continuity Management, SMB Customers, 2022
- Fig. 22 Market Share of Business Continuity Management, Large Customers, 2022
- Fig. 23 Market Share of Business Continuity Management, Enterprise Customers, 2022
