PUBLISHER: QKS Group | PRODUCT CODE: 1669240
PUBLISHER: QKS Group | PRODUCT CODE: 1669240
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that the IT Risk Management Market is Projected to Register a CAGR of below average by 2028 in Japan.
In Japan, the IT Risk Management (ITRM) market is experiencing steady but below-average growth compared to global standards. The market's expansion is influenced by the country's cautious approach to adopting new technologies and the relatively lower frequency of high-profile cyber incidents. However, there is a growing awareness among Japanese businesses about the importance of robust IT risk management practices. While large enterprises are leading the way in implementing comprehensive ITRM solutions, small and medium-sized enterprises (SMEs) are gradually recognizing the need to enhance their cybersecurity measures. Government initiatives aimed at promoting cybersecurity awareness and providing support to businesses are also contributing to the market's growth, albeit at a slower pace.
Quadrant Knowledge Solutions defines "A software or a suite of solutions that assists organizations in managing the IT and cyber risks across the entire risk management lifecycle. The software is designed to establish a centralized hub for facilitating business-related decisions, provide real-time visibility of IT assets, proactively conduct risk assessments, and aggregate data from all IT assets and inventory tools. The software helps in anticipating risk incidents and provide swift response, identify vulnerabilities, implement controls to prevent data breaches, and ensure compliance with the regional regulatory standards. It also prioritizes data governance to safeguard the overall integrity and resilience of an organization's IT infrastructure."
QKS Group Reveals that the IT Risk Management Market is Projected to Register a CAGR of below average by 2028 in Japan.
Looking ahead, the IT Risk Management market in Japan is expected to evolve, driven by increasing digital transformation efforts and the growing recognition of cybersecurity threats. As more Japanese organizations embark on their digital journeys, the demand for effective ITRM solutions will rise. However, the market's growth will likely remain below average due to the conservative investment approach and the relatively smaller scale of cyber threats compared to other regions. Nonetheless, advancements in technology and the introduction of new regulatory frameworks will encourage businesses to adopt more sophisticated ITRM tools. The emphasis will be on creating a balanced approach that addresses the unique risk landscape in Japan, ensuring that organizations are well-prepared to manage IT risks and protect their digital assets.
Quadrant Knowledge Solutions defines GRC platforms as "A software or a suite of solutions that assists organizations in managing the IT and cyber risks across the entire risk management lifecycle. The software is designed to establish a centralized hub for facilitating business-related decisions, provide real-time visibility of IT assets, proactively conduct risk assessments, and aggregate data from all IT assets and inventory tools. The software helps in anticipating risk incidents and provide swift response, identify vulnerabilities, implement controls to prevent data breaches, and ensure compliance with the regional regulatory standards. It also prioritizes data governance to safeguard the overall integrity and resilience of an organization's IT infrastructure."