PUBLISHER: QKS Group | PRODUCT CODE: 1669244
PUBLISHER: QKS Group | PRODUCT CODE: 1669244
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 Asia (Excluding Japan and China).
Asia, excluding Japan and China, has emerged as a high-growth market for IT Risk Management (ITRM) platforms, driven by the region's rapid digital transformation and increasing cybersecurity threats. Countries in this region are experiencing a surge in digitalization across various industries, leading to a greater need for robust ITRM solutions. The adoption of advanced technologies such as cloud computing, IoT, and AI has expanded the attack surface for cyber threats, compelling organizations to invest in comprehensive risk management tools. Additionally, regulatory initiatives aimed at enhancing cybersecurity measures are further driving market growth. As a result, the ITRM market in Asia, excluding Japan and China, is witnessing above-average growth, with businesses increasingly prioritizing 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 Asia (Excluding Japan and China).
The future of the IT Risk Management market in Asia, excluding Japan and China, looks promising, with continued digital transformation efforts and the growing complexity of cyber threats driving market growth. As businesses in the region continue to embrace digitalization, the need for effective IT risk management strategies will become even more pronounced. Emerging technologies such as blockchain, IoT, and 5G will introduce new challenges, necessitating advanced ITRM solutions. Additionally, regulatory requirements are expected to become more stringent, compelling organizations to adopt comprehensive risk management frameworks. 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 Asia, excluding Japan and 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."