PUBLISHER: QKS Group | PRODUCT CODE: 1669241
PUBLISHER: QKS Group | PRODUCT CODE: 1669241
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 above average by 2028 in China.
China has emerged as a rapidly expanding market for IT Risk Management (ITRM) platforms, driven by the country's rapid digital transformation and increasing cybersecurity threats. The adoption of advanced technologies such as cloud computing, big data, and AI has created new challenges for cybersecurity, leading to a greater demand for comprehensive ITRM solutions. Additionally, the Chinese government's stringent cybersecurity regulations and policies have further propelled the adoption of ITRM platforms across various industries. As a result, the ITRM market in China is experiencing above-average growth, with businesses increasingly investing in IT risk management to protect their digital assets and ensure regulatory compliance.
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 above average by 2028 in China.
The future of the IT Risk Management market in China looks promising, with continued advancements in technology and the increasing complexity of cyber threats driving market growth. As Chinese businesses continue to embrace digitalization, the need for robust IT risk management strategies will become even more critical. Emerging technologies such as blockchain, IoT, and 5G will introduce new dimensions of risk, necessitating advanced ITRM solutions. Additionally, the Chinese government's focus on cybersecurity and data protection will further drive market growth, as businesses strive to comply with regulatory requirements. The focus will likely shift towards predictive analytics and real-time risk monitoring, enabling organizations to proactively mitigate potential threats. Overall, the ITRM market in China is poised for sustained growth, driven by the increasing importance of cybersecurity and the imperative to protect sensitive information.
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."