The global Vendor Risk Management (VRM) market size was USD 16.99 Billion in 2030 and is expected to register a revenue CAGR of 14.4% during the forecast period, according to latest analysis by Emergen Research. their own compliance standards or fails to comply with industry regulations, it has a direct impact on the business.
Organizations are getting into agreements with third parties at a faster rate than ever before, either to software integration capabilities or cost savings of selective outsourcing. Four of the top ten most serious incidents were directly caused by vendors. Severity of reported incidents this year highlights sector’s continued issues with vendors, supply chain, and overall attack complexity, which creates a high demand for VRM solutions in the health care sector.
product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
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Some major companies in the global market report include BitSight Technologies, Inc., Genpact, MetricStream, SAI Global, IBM Corporation, Rapid Ratings International Inc., ProcessUnity, Inc., LogicManager, Inc., Aravo Solutions, Inc., ACL Services Ltd., Bitsight Technologies, and NAVEX Global, Inc.
Emergen Research has segmented the global vendor risk management market based on technology, installation, application, material, system, and region, and region:
- Solution Outlook (Revenue, USD Billion; 2019-2030)
- Vendor Information Management
- Contract Management
- Compliance Management
- Financial Control
- Audit Management
- Quality Assurance Management
- Services Outlook (Revenue, USD Billion; 2019-2030)
- Professional Services
- Consulting
- Deployment and Integration
- Support and Maintenance
- Managed Services
- Deployment Outlook (Revenue, USD Billion; 2019-2030)
- Cloud
- On-premises
- Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Banking, Financial Services and Insurance (BFSI)
- Healthcare and Life Science
- IT & Telecom
- Energy & Utility
- Retail
- Government
- Aerospace & Defense
- Manufacturing
- Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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