Treasury And Risk Management Global Market Report 2023 – By Type (Treasury, Investment Management, Risk And Compliance), By Enterprise Size (Large Enterprises, Small And Medium Enterprise (SMEs), By Deployment (Cloud, On-Premises), By Application (Account Management, Cash And Liquidity Management, Compliance And Risk Management, Financial Resource Management), By End User (Banking, Financial Services, And Insurance, Information Technology And Telecommunications, Retail And E-Commerce, Healthcare, Manufacturing And Automotive, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Third-party risk management (TPRM) is a form of risk management that entails recognizing, assessing, and controlling all of the potential risks that may arise throughout the lifecycle of business relationships with third parties. The main goal is to assist organizations in reducing risk, increasing agility and resiliency, and driving performance. The main components of third-party risk management are solution and services. Solution is defined as a method of handling a challenging situation or resolving a problem. Financial control management, contract management, operational risk management, audit management, compliance management are the various methods are used as solutions in third-party risk management. The different deployment type is cloud based and on-premises, used by small and medium size enterprises and large enterprises. It is used by banking, financial services, and insurance, IT and telecom, healthcare and life sciences, government, aerospace and defence, retail and consumer goods, manufacturing, energy and power, and others. The global third-party risk management market is segmented - 1) By Component: Solution, Services 2) By Deployment Type: Cloud Based, On-Premises 3) By Organisation 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 Defence, Retail and Consumer Goods, Manufacturing, Energy and Power, Other End Users The global third-party risk management market size is expected to grow from $4.42 billion in 2022 to $5.22 billion in 2023 at a compound annual growth rate (CAGR) of 18%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the third-party risk management market is expected to reach $9.66 billion in 2027 at a CAGR of 16.6%. The rising cyber-attacks and frauds are expected to propel the growth of the third-party risk management market going forward. A cyber attack is an attempt to access a computer system or network to cause damage illegally. The continuous rise of internet interconnections has increased cyber-attack incidences. Third-party risk management (TPRM) is a process that analyses and reduces the risks associated with outsourcing information to third-party vendors or service providers. This process enables organizations to make risk-informed decisions and reduces the risk of cyber-attacks and fraud. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyber-attacks increased by 17% in Q1 of 2021 compared to Q1 2020, and it increased by 1.2% compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyber-attacks rose by 15.1% in 2021 compared to 2020. Therefore, increasing cyber-attacks and frauds drive the growth of the third-party risk management market. Major players in the third-party risk management market are KPMG International Limited, Genpact Ltd., MetricStream Inc., Deloitte LLP, Prevalent Inc., BitSight Technologies, Ernst & Young LLP, NAVEX Global Inc., Venminder Inc., Resolver Inc., Galvanize, Riskpro India Ventures Pvt Limited, SAI Global Pty Limited, Rapid Ratings International Inc., Optiv Security Inc., Aravo Solutions Inc., One Trust LLC, Galvanize, RiskRecon Inc., and PricewaterhouseCoopers. Technological advancements are a key trend gaining popularity in the third-party risk management market. Major companies in the third-party risk management sector are focused on developing new technologies to meet consumer demand and strengthen their market position. For instance, in August 2022, AuditBoard, a US-based cloud-based platform company, launched a advanced third-party risk management solution. The new AuditBoard's integrated risk platform enables companies to address IT vendor risk by streamlining third-party risk assessment, monitoring, and remediation for information security, compliance, and risk teams. This solution allows teams to save time and expand using automated and collaborative procedures for effective third-party risk management. In September 2022, BitSight Technologies, a US-based cybersecurity ratings company, acquired ThirdPartyTrust for an undisclosed amount. With this acquisition, BitSight expands its third-party risk management (TPRM) tool offering to deliver an end-to-end third-party risk management solution for global vendor risk management teams. ThirdPartyTrust is a US-based third-party risk management platform for enterprises and third-party vendors. North America was the largest region in the third party risk management market in 2022. The regions covered in the third-party risk management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the third-party risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The third-party risk management market includes revenues earned by entities by providing cyber risk assistance, privacy services, information security, financial crime and reputational, operational risk services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The third-party risk management market research report is one of a series of new reports from The Business Research Company that provides third-party risk management market statistics, including third-party risk management industry global market size, regional shares, competitors with a third-party risk management market share, detailed third-party risk management market segments, market trends and opportunities, and any further data you may need to thrive in the third-party risk management industry. This third-party risk management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A crime risk report is a comprehensive analysis of crime data that provides information on the likelihood of crime occurring in a specific area. It also provides valuable insights into the crime patterns and trends in a specific location, which can help businesses and individuals make informed decisions about their safety and security. The main types of crime risk reports are financial and cybercrime, personal, property, and other types. Financial and cybercrime refer to criminal activities carried out through digital technologies to steal sensitive information or funds. These solutions are deployed on-premises and cloud and by various organization sizes including large enterprises, and small and medium enterprises (SMEs). These are used in various applications such as banking, financial services and insurance (BFSI), government, real estate, and other applications. The global cyber risk report market is segmented - 1) By Type: Financial And Cybercrime, Personal, Property, Other Types 2) By Deployment: On-Premise, Cloud 3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs) 4) By Application: Banking, Financial Services and Insurance (BFSI), Government, Real Estate, Other Applications The global crime risk report market size is expected to grow from $7.28 billion in 2022 to $8.55 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crime risk report market size is expected to reach $16.08 billion in 2027 at a CAGR of 17.1%. The rising cyber crime cases are expected to propel the growth of the crime risk report market. Cybercrime is criminal activity carried out digitally or by the spread of malicious software, which can compromise sensitive information. Crime risk reports can help prevent cyber threats such as hacking, phishing, and malware attacks, and industries are increasingly relying on them to identify potential vulnerabilities and mitigate risk to protect their assets and data from cyber threats. For instance, in 2020, according to a report released by the US-based Federal Bureau of Investigation, a law enforcement agency, the number of reported cybercrimes increased by 69.4% compared to the previous year. The total number of reported cybercrime incidents was 791,790, with reported losses exceeding $4.1 billion. Therefore, the rising cyber criminal cases will drive the growth of the crime risk report market going forward. Major players in the crime risk report market are CAP Index Inc., CoreLogic Inc., HackSurfer LLC, IBM The International Business Machines Corporation, Intelligent Direct Inc., Location Inc., PricewaterhouseCoopers, Pinkerton Consulting & Investigations Inc., Silva Consultants, Verisk Analytics Inc., ACI Worldwide Inc., Capco, Fenergo Inc., Fiserv Inc., Oracle Corporation, Refinitiv US Holdings Inc., RiskScreen, Mphasis Limited, and Capgemini SE. Technological innovations are a popular trend in the crime risk report market. Major companies operating in the crime risk report are focused on developing new technologies to reinforce their position in the market. Advanced technologies are needed to detect, prevent, and respond to cyber threats, and new technologies are being developed to address cyber risk. For instance, in January 2021, QuantaVerse, a US-based technology company, introduced an additional Financial Crime Investigation Report to address the specific needs of Level 1 AML compliance teams using AI and machine learning to automate identifications and reduce the average time spent investigating an alert by over 50%. The QuantaVerse Financial Crime Platform employs artificial intelligence (AI) to automate the anti-money laundering (AML) investigation process and provides analysts with a variety of Financial Crime Investigation Reports (FCIRs) that highlight its conclusions. In September 2021, BitSight, a US-based cybersecurity ratings company, acquired VisibleRisk for an undisclosed amount. The acquisition by BitSight was aimed to enhance ability to provide customers with a more complete and accurate view of their cyber risk posture and expand its global customer base. VisibleRisk is a US based cybersecurity technology company that provides cybersecurity assessment and rating services to organizations. North America was the largest region in the crime risk report market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global crime risk report market report during the forecast period. The regions covered in the global crime risk report market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Crime Risk Report market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The crime risk report market includes revenues earned by entities by the sale of one-time or customized reports, subscription of regular reports, and related services such as consulting and risk management to specific clients. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The crime risk report market research report is one of a series of new reports from The Business Research Company that provides crime risk report market statistics, including crime risk report industry global market size, regional shares, competitors with a crime risk report market share, detailed crime risk report market segments, market trends, and opportunities, and any further data you may need to thrive in the crime risk report industry. This crime risk report market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Population health management refers to the process of improving the clinical health outcomes of a defined group of individuals through patient engagement and improved care coordination, and is supported by financial and care models. Population health management is used to improve the health outcomes of a group by identifying and monitoring patients. The main components of the population health management market include software and services. Software healthcare management refers to the use of software solutions to facilitate data across healthcare IT systems to improve operational efficiency and promote care delivery. The mode of delivery of population health management solutions includes on-premise and cloud-based. The various end-users include providers, payers, and other end-users. The global population health management market is segmented - 1) By Component: Software, Service 2) By Mode Of Delivery: On Premise, Cloud-Based 3) By End-User: Providers, Payers, Other End-Users The global population health management market size grew from $39.06 billion in 2022 to $47.23 billion in 2023 at a compound annual growth rate (CAGR) of 20.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global population health management market size is expected to grow to $99.75 billion in 2027 at a CAGR of 20.5%. The rising demand for solutions supporting value-based care delivery by healthcare shareholders is expected to propel the growth of the population health management market going forward. Value-based healthcare is a healthcare delivery framework that encourages healthcare providers to focus on the quality of services rendered as opposed to quantity. Value-based care delivery helps in reducing errors by enhancing workflows and interoperability, and lowers costs while increasing patient satisfaction, allowing executives to monitor and manage care. According to the Healthcare Payment Learning and Action Networks, a US-based group of public and private health care leaders’ APM measurement report, 40.9% of US healthcare payments came from value-based reimbursement models in 2020, which is a 2.7% increase over the 2019 rates. Thus, the rising demand for solutions supporting value-based care delivery by healthcare shareholders is driving the population health management market. Major players in the population health management market are Allscripts Healthcare LLC, Arcadia, Athenahealth Inc., Citra Health Solutions, Conifer Health Solutions, Cotiviti Inc., Deloitte Touche Tohmatsu Limited, eClinicalWorks, Enli Health Intelligence, Epic Systems Corporation, Evolent Health Inc., Forward Health Group, Koninklijke Philips, Lightbeam Health Solutions, Lumeris Inc., McKesson Corporation, MEDecision Inc., NextGen Healthcare Inc., Optum Inc., Orion Health, IBM Corporation, Accenture plc, Advisory Board, GE Healthcare (General Electric Company), Persivia Inc., RedBrick Health Corporation, Verscend Technologies Inc., and Welltok Inc. Product innovation is a key trend gaining popularity in the population health management market. Major companies operating in population health management are looking for new product development to strengthen their position in the population health management market. For instance, in October 2021, Verana Health, a US-based clinical database provider operating in the population health management market, launched VeraQ, a population health data engine. VeraQ converts unfiltered, raw healthcare data into a unique and actionable real-world data asset, Q data, from which business insights and clinical research can be derived. In April 2021, Cerner Corporation, a US-based healthcare information technology solutions, services, devices, and hardware provider, acquired Kantar Health for an amount of $375 million. Cerner’s real-world data and technology combined with Kantar Health’s rich life sciences expertise is expected to accelerate innovation in life sciences research and improve patient outcomes. Kantar Health is a US-based provider of data, analytics, and research to the life sciences industry, operating in the population health management market. North America was the largest region in the population health management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the population health management market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the population health management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The population health management market includes revenues earned by entities care integration, care coordination, patient engagement, data analytics and health information technology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 analytics refers to a collection of methods that accurately assess, quantify, and anticipate risk to manage risk-related issues by using a variety of methodologies and technology to extract insights, compute likely scenarios, and anticipate future events, taking the guesswork out of risk management by consolidating risk scenarios onto a single platform and providing executives with the clarity needed to identify, assess, comprehend, and manage risks. The main types of risks in risk analytics market are financial risks, operational risks, compliance risks, strategic risks, other risk type applications. The financial risk analytics is used to analyze and manage financial risks. Financial risk analytics helps financial institutions analyze and manage counterparty credit risk, market risk, regulatory risk capital, and derivative valuation adjustments via products and solutions. The components involved in risk analytics are solution and services and are used in large enterprises and small and medium-sized enterprises (SMES). Risk analytics are deployed through on-premises and cloud and are used in industries such as BFSI, manufacturing, transportation, retail, it & telecommunication, healthcare and government. The global risk analytics market is segmented - 1) By Risk Type Application: Financial Risks, Operational Risks, Compliance Risks, Strategic Risks, Other Risk Type Applications 2) By Component: Solution, Services 3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMES) 4) By Deployment Mode: On-Premises, Cloud 5) By Vertical: BFSI, Manufacturing, Transportation, Retail, IT & Telecommunication, Healthcare, Government The global risk analytics market size will grow from $30.27 billion in 2022 to $34.44 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the risk analytics is expected to grow to $58.12 billion in 2027 at a CAGR of 14.0%. The increasing use of large amounts of structured and unstructured data will propel the growth of the risk analytics market. Structured data refers to information that is usually stored in a relational database and can be easily mapped into designated fields. Unstructured data is information that is not organized according to a pre-determined data model or schema and hence cannot be kept in a standard relational database. Unstructured data accounts for 80 to 90% of data generated and gathered by businesses, and its volume is continuously increasing faster than that of structured databases. Businesses are increasingly using these large amounts of structured and unstructured data for predictive analysis, risk analysis, forecasting, and others. This increasing usage will create demand for risk analytics as well as risk analytics uses large amounts of structured/unstructured data to predict the risk with a large degree of accuracy. For instance, according to a report by an American data storage company Seagate Technology PLC, the global data will increase by 61% to 175 zettabytes (ZB) by 2025 from 33 ZB in 2018. 90 ZB of data will be created on IoT devices by 2025. Close to 30% of the data created will be consumed in real-time by 2025. It indicates that there is a huge amount of data that needs to be stored, handled, and used/analyzed. Therefore, the rising usage of a large amount of structured and unstructured data will drive the risk analytics market growth. Major players in the risk analytics market are IBM, Oracle, SAP, SAS Institute, FIS, Moody’s Corporation, Verisk Analytics Inc., AxiomSL Inc., Gurucul, Provenir, Risk Edge Solutions, BRIDGEi2i Analytics Solutions, Recorded Future Inc., DataFactZ, Digital Fineprint and Eurorisk Systems Lt. Technological advancement is a key trend gaining popularity in the risk analytics market. Artificial intelligence (AI) and machine learning (ML) technologies are used in risk analytics to analyze massive amounts of data, minimize error, remove bias, and suggest areas where risk managers should focus more. Companies are utilizing AI to improve the knowledge of risk portfolios and produce optimal results. AI-based risk analytics software is easy to use and offers accurate results. For instance, in March 2022, NICE Actimize, a US-based software company introduced its advanced, innovative solution, X-Sight Entity Risk SaaS solution, that will produce a single risk score enabling a financial institution to get better understanding of its clients across the organization. X-Sight Entity Risk, powered by artificial intelligence, entity resolution, machine learning, and network analytics, enhances the efficacy of advanced anti-money laundering, enterprise fraud prevention, and other financial services applications. In January 2022, Zafin, a Canada-based company specializing in providing banking software solutions acquired FINCAD for an undisclosed amount. The acquisition enables Zafin to expand its portfolio and analytics capabilities, as well as increases its global footprint. FINCAD is a Canadian company specializing in providing risk analytics and risk management software for multi-asset derivatives and fixed income. North America was the largest region in the risk analytics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the risk analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the risk analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The risk analytics market includes revenues earned by entities by utilizing a variety of approaches and technology to extrapolate insights, compute likely scenarios, and forecast future events, helps take the guesswork out of managing risk-related concerns. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The risk analytics market research report is one of a series of new reports from The Business Research Company that provides risk analytics market statistics, including risk analytics industry global market size, regional shares, competitors with an risk analytics market share, detailed risk analytics market segments, market trends and opportunities, and any further data you may need to thrive in the risk analytics industry. This risk analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enterprise governance, risk, and compliance (eGRC) refers to a strategy used by enterprises to manage their governance, corporate compliance and enterprise risk management with applicable regulations while effectively maintaining business objectives. eGRC helps enterprises to achieve anticipated goals through the automation of workflow, while simultaneously ensuring that is adherence to government regulations and internal controls that employees must adhere to company-wide. The main components of enterprise, governance, risk and compliance (eGRC) market are software and services. Software refers to a set of instructions, data, or programs used to operate a computer and execute specific tasks. The organization size is large enterprises and small and medium enterprises. The deployment is cloud-based and on-premise. The various verticals involved BFSI, healthcare, government, energy and utilities, manufacturing, retail and consumer goods, telecom and IT, and other verticals. The global enterprise governance risk and compliance egrc market is segmented - 1) By Component: Software, Services 2) By Organization Size: Large Enterprise, Small And Medium Enterprise 3) By Deployment Model: Cloud-Based, On-Premise 4) By Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Government, Energy And Utilities, Manufacturing, Retail And Consumer Goods, Telecom And Information Technology (IT), Other Verticals The global enterprise governance, risk and compliance (egrc) market size will grow from $33.29 billion in 2022 to $38.26 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise governance, risk and compliance (egrc) is expected to grow to $66.87 billion in 2027 at a CAGR of 15.0%. Increasing cyber-attack incidents are expected to propel the growth of the enterprise governance, risk, and compliance (eGRC) market going forward. A cyber-attack refers to any attempt to gain unauthorized access to a computer, computing system, or computer network with the intent to cause damage. Organizations globally are adopting eGRC solutions to leverage numerous features such as risk and compliance management, business resiliency applications, and financial audit management. For instance, according to a report published by SonicWall, a US-based cybersecurity company, there has been a 105% surge in ransomware cyberattacks in 2021. Governments saw an 1885% increase in cyberattacks, while the healthcare industry faced a 755% increase in cyberattacks in 2021. Therefore, the increasing cyber-attack incidents are driving the enterprise governance, risk, and compliance (eGRC) market growth. Major players in the enterprise governance, risk and compliance (eGRC) market are IBM Corporation, LogicManager Inc., MetricStream Inc., Microsoft Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, RSA Security LLC, Thomson Reuters Corporation, Lockpath Inc., Infosys Limited, Convercent, Refinitive, Modulo Security LLC and Mphasis Limited. Technological advancements are a key trend gaining popularity in the enterprise governance, risk, and compliance (eGRC) market. Major companies operating in the enterprise governance, risk, and compliance market are focused on developing new technological solutions to strengthen their position. For instance, in January 2022, MetricStream, a US-based software company operating in the integrated risk management (IRM) and governance, risk, and compliance (GRC), launched an AI (artificial intelligence), deep domain capabilities, and risk quantification capabilities embedded solution, ConnectedGRC for addressing several urgent business challenges related to risk, compliance, audit, cyber risks, and environmental, social, and governance (ESG). With MetricStream's integrated GRC software, professionals can collaborate more effectively, share information, and manage risk quantitatively. ConnectedGRC offers three distinct product lines including BusinessGRC, CyberGRC, and ESGRC. In April 2020, Tricor Group, a Hong Kong-based business expansion specialist company, acquired Axcelasia Inc., for an undisclosed amount. With this acquisition, Tricor aims to provide governance, risk, and compliance (GRC) solutions for end-users to manage their complex compliance and regulatory requirements and responsibilities. Axcelasia is a Malaysia-based company operating in enterprise governance, risk, and compliance. North America was the largest region in the enterprise, governance, risk, and governance (eGRC) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise, governance, risk, and governance (eGRC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise, governance, risk, and governance (eGRC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The enterprise governance, risk, and compliance (eGRC) market consist of revenues earned by entities by providing compliance management and audit management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. 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. The enterprise governance, risk and compliance (eGRC) market research report is one of a series of new reports from The Business Research Company that provides eGRC market statistics, including eGRC industry global market size, regional shares, competitors with a eGRC market share, detailed eGRC market segments, market trends and opportunities, and any further data you may need to thrive in the eGRC industry. This eGRC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enterprise risk management refers to processes that strategically examines risk management from the viewpoint of the entire company or organization. It is a top-down strategy that tries to recognize, evaluate, and get ready for prospective losses, dangers, hazards, and other potential for harm that may obstruct an organization's operations and goals and/or result in losses. The main types of deployment of enterprise risk management are cloud and on-premises. The on-premise enterprise risk management refers to enterprise risk management solutions that are implemented in-house and as part of an organization's IT infrastructure where the solution, as well as any connected procedures, are the responsibility of the enterprise. The main components of enterprise risk management include hardware, software, and services. The end-users of enterprise risk management include BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and government and defense. The global enterprise risk management market is segmented - 1) By Deployment: Cloud, On-Premises 2) By Component: Hardware, Software, Services 3) By Industry Vertical: BFSI, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, Government and Defense The global enterprise risk management market size will grow from $4.78 billion in 2022 to $5.1 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise risk management is expected to grow to $6.38 billion in 2027 at a CAGR of 5.8%. The surge in data security breaches in enterprises is driving the enterprise risk management market. A data breach is a situation in which information is taken from a system without the owner's knowledge or consent. Data security breaches are increasing due to weak and stolen credentials, application vulnerabilities, malware, malicious insiders, insider error and others. Enterprise risk management helps to recognize, evaluate, and get ready for prospective losses that may arise due to data security breaches. For instance, in 2021 according to the Identity Theft Resource Center (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, data breaches in 2021 surpassed the total number in 2020 by 17%. Therefore, a rise in data security breaches will propel the enterprise risk management market growth. Major players in the enterprise risk management market are IBM Corporation, Capgemini, Fidelity National Information Services, Inc., Infosys Limited, Oracle Corporation, SAP SE, LogicManager, Inc., MetricStream, Dell Inc., Ideagen PLC., Intelex Technologies, SAI Global Pty Limited, QUALYS, Inc., Alyne GmbH, MEGA International, and NAVEX Global, Inc. The strategic partnership is a key trend gaining popularity in the enterprise risk management market. Companies operating in the enterprise risk management sector are entering into strategic partnerships to leverage each other's resources and expand into new markets. For instance, in August 2021, Galvanize, a US-based software as a service company that builds security, risk management, compliance, and audit software for the governance, risk management, and compliance (GRC) market, partnered with Turnkey. Through this partnership, Turnkey will include Galvanize's HighBond platform in its extensive lineup of tech-enabled solutions for customers. Turnkey is a London-based provider of Integrated Risk Management (IRM), Identity Access Management (IAM) and cyber and application Security. In September 2022, IppoPay Technologies Pvt Ltd., an India-based provider of payment infrastructure, acquired Tutelar Fintech Private Limited for an undisclosed amount. With the acquisition, IppoPay is expected to enter the payments infrastructure market and Tutelar enables IppoPay to fight against frauds in the financial transactions. Tutelar Fintech Private Limited is an India-based risk management company using full-stack AI. North America was the largest region in the enterprise risk management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the enterprise risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The enterprise risk management market consists of revenues earned by entities by providing enterprise risk management components including event modification and objective setting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. 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. The enterprise risk management market research report is one of a series of new reports from The Business Research Company that provides enterprise risk management market statistics, including enterprise risk management industry global market size, regional shares, competitors with an enterprise risk management market share, detailed enterprise risk management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise risk management industry. This enterprise risk management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Governance, Compliance, and Risk Management Software (GRC software) refer to an integrated suite of software tools for creating and operating an enterprise GRC program, a business strategy for managing governance, risk management, and compliance with industry and government standards. The main types of components in governance, compliance, and risk management software are software and services. GRC software manages the risks in different organizational areas. Software used in GRC is used in IT sectors to tackle the risks in the organization. The different deployment modes include on-premises, cloud, and hybrid. This software is used in small and medium enterprises (SMEs), and large enterprises. GRC software is used in different industry verticals such as BFSI, construction and engineering, energy and utilities, government, healthcare, manufacturing, retail and consumer goods, telecom and IT, transportation and logistics, and others. The global governance compliance and risk management software market is segmented - 1) By Component: Software, Services 2) By Deployment: On-Premises, Cloud, Hybrid 3) By Enterprise Type: Small And Medium Enterprise (SME), Large Enterprise 4) By Industry Vertical: BFSI, Construction And Engineering, Energy And Utilities, Government, Healthcare, Manufacturing, Retail And Consumer Goods, Telecom And IT, Transportation And Logistics, Other Industry Verticals The global governance, compliance and risk management software market size will grow from $38.11 billion in 2022 to $42.72 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the governance, compliance and risk management software is expected to grow to $69.96 billion in 2027 at a CAGR of 13.1%. The rising use of cloud-based networking is expected to propel the growth of the governance, compliance, and risk management software market going forward. Cloud networking consists of on-premises cloud and public cloud which manages the network capabilities in organizations. Cloud networking is used by risk managers, accounts officers, and auditors to simplify their activities in an organization. For instance, Cisco Global Cloud Index (2016-2021), 94% of all workload runs on cloud networking and virtualized environment. Furthermore, according to Eurostat, a Luxembourg-based statistical office of the European Union, approximately 41 % of EU enterprises used cloud computing in 2021. Therefore, the rise in the use of cloud-based networking drives the governance, compliance, and risk management software market growth. Major players in the governance, compliance and risk management software market are IBM, Dell Technologies, SAP SE, Oracle Corporation, Software AG, LogicManager, Riskonnect Inc., Galvanize Inc., SAI Global, MetricStream, Sword GRC, Check Point Software Technologies, MEGA International, Resolver Inc., Lockpath, ProcessGene, ReadiNow, LogicGate, Microsoft Corporation, RSA Security LLC, and BWise BV. Automation of GRC programs through specialized software applications is shaping the governance, compliance, and risk management software market. GRC software assists firms in managing all of the relevant documentation and processes to ensure optimal productivity and preparation. For Instance, in 2020 IBM, a US-based software company launched an IBM OpenPages with Watson. IBM OpenPages with Watson is a GRC platform powered by AI and data that helps enterprises manage risk and regulatory compliance. GRC is made easier with IBM OpenPages because it unifies segmented risk management tasks into a single, highly visual interface. It makes use of a variety of IBM technologies and capabilities, such as Watson Assistant, Watson Natural Language Translator, and IBM Cloud Pak for Data, to reduce the requirement for user training and enable organizations to standardize and automate their responses to GRC concerns. In February 2020, Symplr, a US-based provider of healthcare governance, risk, and compliance solutions and services acquired The Patient Safety Company from Main Capital Partners for an undisclosed amount. The combination of Symplr and The Patient Safety Company (TPSC) broadens the healthcare sector's leading end-to-end GRC platform of scale to incorporate patient safety as well as incident reporting and monitoring. The Patient Safety Company is a Netherlands-based company that provides web-based quality management and integrated GRC software for the healthcare sector. Asia-Pacific was the largest region in the governance, compliance and risk management software market in 2022. The regions covered in the governance, compliance and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the governance, compliance and risk management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The governance, compliance, and risk management software market includes revenues earned by entities by providing software tools that automate the processes of identifying risks, adhering to regulations, developing company policies, lowering costs, and expanding business potential. The governance, compliance, and risk management software (GRC software) is used by risk managers, accounts officers, and auditors to simplify their activities in an organization. The GRC software deals with audit management, Internal policy management, compliance management, risk and incidence management, and information security management. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. 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. The governance, compliance, and risk management software market research report is one of a series of new reports from The Business Research Company that provides governance, compliance, and risk management software market statistics, including governance, compliance, and risk management software industry global market size, regional shares, competitors with governance, compliance, and risk management software market share, detailed governance, compliance, and risk management software market segments, market trends and opportunities, and any further data you may need to thrive in the governance, compliance, and risk management software industry. This governance, compliance, and risk management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The patient safety and risk management software is a computer program used in risk management by analyzing and reporting medical issues that arise in healthcare institutions. This program is also used for reduction and prevention of such kind of errors. Patient safety concentrates on minimizing harm to patients whereas risk management prioritizes patient harm as well as other forms of hazards. The main types of patient safety and risk management software are risk management and safety solutions, claims management solutions, and governance, risk and compliance solutions. The risk management and safety solutions are applied for risk management by analyzing and reporting medical issues that arise in healthcare institutions. Risk assessment and reduction are both included in safety risk management. The various types of deployment modes in patient safety and risk management software include private cloud and public cloud. They are adopted by hospitals, ambulatory care centers, long-term care centers, pharmacies, and other end users. The global patient safety and risk management software market is segmented - 1) By Type: Risk Management And Safety Solutions, Claims Management Solutions, Governance, Risk And Compliance Solutions 2) By Deployment Mode: Private Cloud, Public Cloud 3) By End-User: Hospitals, Ambulatory Care Centers, Long-Term Care Centers, Pharmacies, Other End Users The global patient safety and risk management software market size will grow from $2.02 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the patient safety and risk management software is expected to grow to $3.37 billion in 2027 at a CAGR of 10.9%. The increasing adoption of IT in healthcare sector is expected to propel the growth of the patient safety and risk management software market going forward. The healthcare industry has benefited greatly from advances in information technology (IT). Electronic medical records are one example of a huge improvement that IT has given to hospitals (EMR). With the use of this technology, medical data can be compiled into a single database. Use of digital tools and teleconsultation is another recent advance in information technology (IT) in Healthcare. For Instance, in 2020, during the pandemic lockdown in India, 85% of practitioners used digital tools and teleconsultation. On the other hand, first-time users accounted for 80% of all teleconsultation services. When compared to 2019, telehealth visits grew by 50% in 2020.Therefore, the adoption of IT in healthcare sector is expected to propel the growth of patient safety and risk management software industry going forward. Major players in the patient safety and risk management software market are Conduent, Becton, Dickinson and Company, Health Catalyst, Inc., RLDatix, Riskconnect, Inc., Clarity Group, Symplr, RiskQual Technologies, Smartgate Solutions Ltd., Prista Corporation, Ideagen plc, IQVIA Holdings Inc., NAVEX Global Inc., and Wolters Kluwer N.V. Adopting different innovative technologies have emerged as a key trend in patient safety and risk management software market. Innovative technology is a term used to describe a technological or scientific process or product that is characterized in terms of production, research, and development. The companies operating in the patient safety and risk management software market are focusing on developing innovative products with latest technologies to increase customer reach and expand their business offerings. For instance, In May 2022, Mindray, one of the leading global providers of medical devices and solutions has launched M-Connect IT Solution, helping optimize clinical workflow and ensure patient safety in hospitals. In June 2021, RLDatix, a UK-based provider of healthcare governance, risk, and compliance (GRC) solutions acquired Allocate for an undisclosed amount. With this acquisition, RLDatix will combine its industry-leading patient safety, compliance, risk and provider management capabilities. Allocate, a UK-based provider of human capital management solutions that help healthcare organizations deliver effective care and safe. North America was the largest region in the patient safety and risk management software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient safety and risk management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the patient safety and risk management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The patient safety and risk management software market consist of revenues earned by entities by providing patient safety and risk management software used to analyze and report medical issues. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. 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. The patient safety and risk management software market research report is one of a series of new reports from The Business Research Company that provides Patient safety and risk management software market statistics, including Patient safety and risk management software industry global market size, regional shares, competitors with a Patient safety and risk management software market share, detailed Patient safety and risk management software market segments, market trends and opportunities, and any further data you may need to thrive in the Patient safety and risk management software industry. This Patient safety and risk management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.