The Third-party Risk Management Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Third-party Risk Management Market?
The market size of the third-party risk management has seen swift expansion in recent times. By 2025, the market size is predicted to increase from its 2024 value of $5.92 billion to $6.85 billion. This growth reflects a compound annual growth rate (CAGR) of 15.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Third-party Risk Management Industry?
The Third-party Risk Management Global Market is projected to reach $13.49 billion in 2029, with a compound annual growth rate of 18.5%.
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What are the Key Growth Drivers Fueling the Third-party Risk Management Market?
The key drivers in the third-party risk management market are:
• Increase in cyber threats is driving market growth
• Globalization of businesses is fueling the market
• Complexity in supply chain is contributing to market expansion
• Demand for AI-driven solutions is driving the growth of the market
Global Market Segmentation: Identifying Major Third-party Risk Management Industry Segments
The third-party risk management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Type: Cloud Based, On-Premises
3) By Organization Size: Small And Medium Size Enterprises, Large Enterprises
4) By End User: Banking, Financial Services, And Insurance, IT And Telecom, Healthcare And Life Sciences, Government, Aerospace And Defense, Retail And Consumer Goods, Manufacturing, Energy And Power, Other End Users
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What are the Emerging Trends Shaping the Future of the Third-party Risk Management Market?
The key trends in the third-party risk management market are:
• The market is witnessing a rising trend towards scalable risk management solutions.
• The alignment of third-party risk management with company culture and ethics is emerging as a key trend.
• Managing risks associated with remote work and collaboration is becoming increasingly crucial.
• The emphasis on resilience, business continuity, and data privacy is significantly shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Third-party Risk Management Market?
Major companies in the third-party risk management market are:
• Deloitte LLP
• PricewaterhouseCoopers
• Ernst & Young LLP
• KPMG International Limited
• Genpact Ltd
• Optiv Security Inc
• Dun & Bradstreet
• One Trust LLC
• MetricStream Inc
• NAVEX Global Inc
• Galvanize
• RSA Archer
• Resolver Inc
• Venminder Inc
• Rsam
• Aravo Solutions Inc
• ProcessUnity
• Rapid Ratings International Inc
• BitSight Technologies
• Prevalent Inc
• Prevalent
• LogicGate
• CyberGRX
• Riskpro India Ventures Pvt Limited
• RiskIQ
• SAI Global Pty Limited
• RiskRecon Inc
• Lockpath
• Compliance 360
• ControlCase
• Riskonnect
• CyberSaint Security
• SureCloud
• Quantivate
• Tenable
• CyberArk
• UpGuard
• Securiti.ai
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the third party risk management market in 2024
