Risk Management Global Market Report 2025

Description

Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, control, and monitor the probability or impact of unfortunate events or to maximize the realization of opportunities.

The main components of risk management are solutions, services, professionals, and management. Solutions refer to strategies, tools, technologies, or approaches designed to identify, assess, mitigate, and manage risks effectively. They include deployment modes such as cloud-based and on-premises, and it used in banking, financial services, and insurance (BFSI), information technology and telecom, healthcare, retail, manufacturing, government and defense, transport and logistics, energy and utilities, and others.

The risk management market size has grown rapidly in recent years. It will grow from $12.09 billion in 2024 to $13.78 billion in 2025 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to increased regulatory requirements, increased insurance development, increased financial crises, and globalization.

The risk management market size is expected to see rapid growth in the next few years. It will grow to $21.62 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to increasing cybersecurity threats, increasing economic volatility, and increasing health and safety concerns. Major trends in the forecast period include integration of ai and machine learning, cybersecurity risks, climate change and environmental risks, supply chain resilience, regulatory compliance, and operational resilience.

The rising cyber threats are expected to propel the growth of the risk management market growth going forward. Cyber threats refer to malicious activities or risks that exploit vulnerabilities in computer systems, networks, or digital devices for various purposes, including financial gain, espionage, disruption of operations, or damage to reputation. Cyber threats are on the rise due to the increasing digitization of society has expanded the attack surface, providing cybercriminals with more targets to exploit. Risk management processes enable organizations to identify and understand the various cyber threats they face, including malware, phishing attacks, data breaches, and insider threats. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cybercrime reports received in 2022 was 76,000, representing an increase of 13% from the year before. Therefore, the rising cyber threats are driving the growth of the risk management market.

Major companies operating in the risk management market are innovating new technologies, such as enterprise risk management (ERM) automation tools, to gain a competitive edge in the market. Enterprise risk management (ERM) automation tool is a software program that helps businesses, especially technology companies, automate the risk management process. For instance, in January 2024, Insurtech Koop Insurance, a US-based insurance company, launched a pioneering enterprise risk management (ERM) automation tool. To give technology customers an enjoyable risk management experience, the tool has features like contractual requirements management, risk event reporting, control implementation, and smart coverages. The tool is intended to support technology companies in managing risks more skillfully and adaptably, staying flexible, and maintaining their competitiveness in the rapidly evolving technology market.

In January 2023, S&P Global, a US-based capital market company, acquired TruSight Solutions LLC for an undisclosed amount. The acquisition was aimed at mutualizing costs, streamlining workflows, and getting rid of inefficiencies for its clients as part of S&P Global's strategic focus on offering creative, integrated solutions for risk management. It was also anticipated that the acquisition would increase the scope and complexity of S&P Global's third-party vendor risk management offerings. TruSight Solutions LLC is a US-based financial services company that offers risk management services.

Major companies operating in the risk management market are Berkshire Healthway Inc., Allianz SE, AXA SA, Accenture plc, Tokio Marine Holdings, Deloitte Touche Tohmatsu Limited, PwC (PricewaterhouseCoopers), Liberty Mutual Insurance, Ernst & Young (EY), Chubb Limited, Zurich Insurance Group, Travelers Companies Inc., KPMG, Capgemini SE, Catlin Group Limited, Marsh & McLennan Companies, Aon plc, Willis Towers Watson, Gallagher, FM Global, Genpact, Munich Re Group, Hiscox Ltd., RSA Insurance Group, Lockton Companies, Verisk Analytics Inc., Protiviti Pvt. Ltd., SAI Global, Swiss Re Ltd., Risk Management Solutions (RMS)

North America was the largest region in the risk management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The risk management market includes revenues earned by entities by providing services such as risk data logging, effective project management facilitation, risk analysis, risk mitigation, compliance and regulatory services, and crisis management. The market value includes the value of related goods sold by the service provider or included within the service offering. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Risk Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on risk management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for risk management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The risk management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Component: Solution; Services; Professional; Managed
2) By Deployment Mode: Cloud-based; On-premises
3) By Vertical: Banking, Financial Services And Insurance (BFSI); Information Technology And Telecom; Healthcare; Retail; Manufacturing; Government And Defense; Transport And Logistics; Energy And Utilities; Other Verticals
Subsegments:
1) By Solution: Risk Assessment Software; Compliance Management Software; Incident Management Software; Fraud Detection Solutions; Enterprise Risk Management (ERM) Solutions
2) By Services: Risk Consulting Services; Risk Assessment Services; Training And Education Services; Implementation Services
3) By Professional: Risk Management Advisors; Compliance Officers; Risk Analysts; Auditors
4) By Managed: Managed Risk Services; Outsourced Risk Management Solutions; Managed Security Services
Companies Mentioned: Berkshire Healthway Inc.; Allianz SE; AXA SA; Accenture plc; Tokio Marine Holdings
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r28900

1. Executive Summary

2. Risk Management Market Characteristics

3. Risk Management Market Trends And Strategies

4. Risk Management Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Risk Management Growth Analysis And Strategic Analysis Framework

5.1. Global Risk Management PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Risk Management Market Growth Rate Analysis
5.4. Global Risk Management Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Risk Management Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Risk Management Total Addressable Market (TAM)

6. Risk Management Market Segmentation

6.1. Global Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Solution
Services
Professional
Managed
6.2. Global Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Cloud-based
On-premises
6.3. Global Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Banking, Financial Services And Insurance (BFSI)
Information Technology And Telecom
Healthcare
Retail
Manufacturing
Government And Defense
Transport And Logistics
Energy And Utilities
Other Verticals
6.4. Global Risk Management Market, Sub-Segmentation Of Solution, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Risk Assessment Software
Compliance Management Software
Incident Management Software
Fraud Detection Solutions
Enterprise Risk Management (ERM) Solutions
6.5. Global Risk Management Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Risk Consulting Services
Risk Assessment Services
Training And Education Services
Implementation Services
6.6. Global Risk Management Market, Sub-Segmentation Of Professional, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Risk Management Advisors
Compliance Officers
Risk Analysts
Auditors
6.7. Global Risk Management Market, Sub-Segmentation Of Managed, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Managed Risk Services
Outsourced Risk Management Solutions
Managed Security Services

7. Risk Management Market Regional And Country Analysis

7.1. Global Risk Management Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Risk Management Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Risk Management Market

8.1. Asia-Pacific Risk Management Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Risk Management Market

9.1. China Risk Management Market Overview
9.2. China Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Risk Management Market

10.1. India Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Risk Management Market

11.1. Japan Risk Management Market Overview
11.2. Japan Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Risk Management Market

12.1. Australia Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Risk Management Market

13.1. Indonesia Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Risk Management Market

14.1. South Korea Risk Management Market Overview
14.2. South Korea Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Risk Management Market

15.1. Western Europe Risk Management Market Overview
15.2. Western Europe Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Risk Management Market

16.1. UK Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Risk Management Market

17.1. Germany Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Risk Management Market

18.1. France Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Risk Management Market

19.1. Italy Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Risk Management Market

20.1. Spain Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Risk Management Market

21.1. Eastern Europe Risk Management Market Overview
21.2. Eastern Europe Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Risk Management Market

22.1. Russia Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Risk Management Market

23.1. North America Risk Management Market Overview
23.2. North America Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Risk Management Market

24.1. USA Risk Management Market Overview
24.2. USA Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Risk Management Market

25.1. Canada Risk Management Market Overview
25.2. Canada Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Risk Management Market

26.1. South America Risk Management Market Overview
26.2. South America Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Risk Management Market

27.1. Brazil Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Risk Management Market

28.1. Middle East Risk Management Market Overview
28.2. Middle East Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Risk Management Market

29.1. Africa Risk Management Market Overview
29.2. Africa Risk Management Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Risk Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Risk Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Risk Management Market Competitive Landscape And Company Profiles

30.1. Risk Management Market Competitive Landscape
30.2. Risk Management Market Company Profiles
- 30.2.1. Berkshire Healthway Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Allianz SE Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. AXA SA Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Accenture plc Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Tokio Marine Holdings Overview, Products and Services, Strategy and Financial Analysis

31. Risk Management Market Other Major And Innovative Companies

31.1. Deloitte Touche Tohmatsu Limited
31.2. PwC (PricewaterhouseCoopers)
31.3. Liberty Mutual Insurance
31.4. Ernst & Young (EY)
31.5. Chubb Limited
31.6. Zurich Insurance Group
31.7. Travelers Companies Inc.
31.8. KPMG
31.9. Capgemini SE
31.10. Catlin Group Limited
31.11. Marsh & McLennan Companies
31.12. Aon plc
31.13. Willis Towers Watson
31.14. Gallagher
31.15. FM Global

32. Global Risk Management Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Risk Management Market

34. Recent Developments In The Risk Management Market

35. Risk Management Market High Potential Countries, Segments and Strategies

35.1 Risk Management Market In 2029 - Countries Offering Most New Opportunities
35.2 Risk Management Market In 2029 - Segments Offering Most New Opportunities
35.3 Risk Management Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer