The Europe operational risk management solution market is expected to grow from US$ 466.52 million in 2021 to US$ 820.98 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.
The number of unethical hackers and cyber attackers increased substantially with the advancement in IT infrastructure. The surge in cyber-attacks is fueled by the rise of the triple extortion ransomware technique used by cyber attackers, where hackers steal sensitive data from organizations and threaten to release it publicly unless clients fulfill the desired demands. Cyber attackers are also targeting organizations’ customers, vendors, or business partners in the same way. Further, cyber attackers adapt their working practices to exploit the shift to hybrid working, targeting organizations’ supply chains and network links to partners to achieve maximum disruption. Moreover, after the emergence of the COVID-19 pandemic, the number of unethical hackers and other cyber attackers increased rapidly. The implementation of cybersecurity risk management solutions is increasing due to the rise in cybersecurity risks. Cybersecurity risk management solutions support the ongoing process of identifying, analyzing, evaluating, and addressing an organization’s cybersecurity threats. Further, these solutions help organizations anticipate and minimize cyber risks, threats, vulnerabilities, and multiple IT compliance requirements. It also supports streamlining cybersecurity efforts to achieve cyber resilience. The cybersecurity risk management tools remove all cyber threats. Therefore, the rising cybersecurity risks across various organizations propel the use of cybersecurity risk management solutions, thereby driving the Europe market growth.
With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the Europe operational risk management solution market. The Europe operational risk management solution market is expected to grow at a substantial CAGR during the forecast period.
Europe Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
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Europe Operational Risk Management Solution Market Segmentation
The Europe operational risk management solution market is segmented into deployment, enterprise size, and country. Based on deployment, the Europe operational risk management solution market is bifurcated into on-premise and cloud. The cloud segment led the market in 2020; and it is expected to be the faster-growing segment during the forecast period. Based on enterprise size, the Europe operational risk management solution market is bifurcated into SMEs and large enterprise. The large enterprise segment led the market in 2020; however, the SMEs segment is expected to be the faster-growing segment during the forecast period. Based on country, the Europe operational risk management solution market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.
Adapt IT Holdings Ltd; Cura Global GRC Solutions PTE LTD; MetricStream, Inc.; RSA Security LLC; SAP SE; Shell International B.V.; Sphera Solutions, Inc.; and TenForce are among the leading companies operating in the Europe operational risk management solution market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Operational Risk Management Solution Market – By Deployment
1.3.2 Europe Operational Risk Management Solution Market – By Enterprises Size
1.3.3 Europe Operational Risk Management Solution Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Operational Risk Management Solution Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Operational Risk Management Solution Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Accentuating Adoption of Operational Risk Management in Fintech Companies
5.1.2 Growing Instances of Cyber Attacks in Various Organizations
5.2 Market Restraints
5.2.1 Challenges Related to Operational Risk Management Solution
5.3 Market Opportunities
5.3.1 Escalating Implementation of Hybrid Working Styles
5.4 Future Trends
5.4.1 Amalgamation of Artificial Intelligence in Operational Risk Management
5.5 Impact Analysis of Drivers and Restraints
6. Operational Risk Management Solution Market – Europe Analysis
6.1 Europe Operational Risk Management Solution Market Overview
6.2 Europe Operational Risk Management Solution Market Forecast and Analysis
7. Europe Operational Risk Management Solution Market Analysis – By Deployment
7.1 Overview
7.2 Europe Operational Risk Management Solution Market, By Deployment (2020 And 2028)
7.3 On-Premise
7.3.1 Overview
7.3.2 On-Premise: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Operational Risk Management Solution Market Analysis – By Enterprise Size
8.1 Overview
8.2 Europe Operational Risk Management Solution Market, By Enterprise Size (2020 And 2028)
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Operational Risk Management Solution Market – Country Analysis
9.1 Overview
9.1.1 Europe Operational Risk Management Solution Market Breakdown, by Country
9.1.1.1 Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.1.1 Germany Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.1.2 Germany Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.2 France Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.2.1 France Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.2.2 France Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.3 Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.3.1 Italy Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.3.2 Italy Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.4 UK Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.4.1 UK Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.4.2 UK Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.5 Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.5.1 Russia Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.5.2 Russia Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.6 Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.6.1 Rest of Europe Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.6.2 Rest of Europe Operational Risk Management Solution Market Breakdown, By Enterprise Size
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Adapt IT Holdings Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 MetricStream, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 RSA Security LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SAP SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Shell International B.V.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sphera Solutions, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 TenForce
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Cura Global GRC Solutions PTE LTD
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Europe Operational Risk Management Solution Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Europe Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 4. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 5. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 6. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 7. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 8. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 9. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 10. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 11. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 12. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 13. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 14. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 15. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Operational Risk Management Solution Market Segmentation
Figure 2. Europe Operational Risk Management Solution Market Segmentation – By Country
Figure 3. Europe Operational Risk Management Solution Market Overview
Figure 4. Europe Operational Risk Management Solution Market, By Deployment
Figure 5. Europe Operational Risk Management Solution Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Europe Operational Risk Management Solution Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Operational Risk Management Solution Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Operational Risk Management Solution Market, Forecast and Analysis (US$ Mn)
Figure 11. Europe Operational Risk Management Solution Market, By Deployment (2020 and 2028)
Figure 12. Europe On-Premise: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Cloud: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Operational Risk Management Solution Market, By Enterprise Size (2020 and 2028)
Figure 15. Europe SMEs: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Operational Risk Management Solution Market, by Key Country – Revenue (2020) (US$ Million)
Figure 18. Europe Operational Risk Management Solution Market Breakdown, by Country, 2018 & 2027(%)
Figure 19. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 20. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 21. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 22. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
- ACTIA Group
- Omnitracs, LLC
- ORBCOMM Inc.
- Stoneridge, Inc.
- Teletrac Navman
- TomTom Telematics BV
- Trackunit A/S
- TTControl GmbH
- Wacker Neuson SE
- Zonar Systems Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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