PUBLISHER: QKS Group | PRODUCT CODE: 1669242
PUBLISHER: QKS Group | PRODUCT CODE: 1669242
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 Central and Eastern Europe.
The IT Risk Management (ITRM) market in Central & Eastern Europe (CEE) is characterized by below-average growth, influenced by the region's economic diversity and varying levels of technological infrastructure. While there is a growing recognition of the importance of IT risk management, many organizations in CEE face challenges related to budget constraints and limited access to advanced technologies. Nonetheless, sectors such as finance, energy, and telecommunications are leading the way in adopting ITRM solutions to address the increasing cyber threats. Government initiatives and support from international organizations are also playing a role in raising awareness and promoting the adoption of cybersecurity measures, 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 Central and Eastern Europe.
The future of the IT Risk Management market in Central & Eastern Europe is poised for gradual improvement, driven by ongoing digital transformation efforts and the increasing prevalence of cyber threats. As businesses in the region continue to digitize their operations, the need for effective ITRM solutions will become more pronounced. However, economic disparities and resource limitations may continue to challenge market growth. The adoption of regulatory frameworks and international cooperation will be crucial in fostering a more robust cybersecurity environment. Technological advancements and increased investment in IT infrastructure will also play a significant role in shaping the future of the ITRM market in CEE, with a focus on scalable and cost-effective solutions tailored to the region's specific needs.
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."