The Risk Management Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size of risk management software has seen robust growth recently. The market, which was worth $25.17 billion in 2024, will increase to $26.73 billion in 2025. The compound annual growth rate (CAGR) for this period is 6.2%.
The risk management software market is projected to reach a market size of $33.55 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%.
Download Your Free Sample of the 2025 Risk Management Software Market Report and Uncover Key Trends Now!The drivers in the risk management software market are:
• Regulatory compliance requirements drive the need for risk management software
• Increasing cybersecurity threats enhance the demand for effective risk management solutions
• Financial market volatility necessitates effective risk mitigation software
• The complexities of globalization and supply chain risks fuel the need for robust risk management software.
The risk management software market covered in this report is segmented –
1) By Type: Web, Android native, iOS Native, Other Types
2) By Type of Software: Enterprise Risk Management Software, Financial Risk Management Software, Integrated Risk Management Software, Application Risk Management Software, Market Risk Management Software, Credit Risk Management Software, Information Technology Risk Management Software, Quantitative Risk Management Software, Project Risk Management Software
3) By Deployment: On-Premise, Cloud
4) By Service Type: Managed Service, Professional Services
5) By End User: Banking, Insurance, Asset Management, Energy And utilities, Educational institutions, Healthcare, Telecom, Information Technology, Oil And Gas, Retail And Life Sciences
The trends in the risk management software market are:
• The adoption of artificial intelligence and machine learning is a key emerging trend.
• There is an increased emphasis on real-time risk monitoring.
• Expansion of risk quantification techniques is a growing trend.
• There is a heightened focus on vendor and third-party risk management.
The major players in the risk management software market are:
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Adobe Inc.
North America was the largest region in the risk management software market in 2023