The operational risk management solution market size is expected to grow from US$ 1,656.4 million in 2021 to US$ 3,098.0 million by 2028; operational risk management solution market share is estimated to grow at a CAGR of 9.4% from 2021 to 2028.
Operational risk management solution market industry enable businesses to develop and implement strategies for effectively managing the risk of loss resulting from failed or inadequate internal processes and systems in operational risk management solution market analysis. The operational risk management solutions empower users’ business to integrate risk and incident management in business processes, create a risk-aware culture through the enforcement of accountability, link risk management directly to decision making, and monitor organizational & individual performance against goals & objectives. The operational risk management solution provides several features and benefits, including support for multiple methodologies & frameworks to manage operational risk & ensure compliance against regulations; actual-time visibility through interactive dashboards & reports; alert users & managers to tasks, actions, and escalations regarding operational risk management tasks; safeguard operational information through roles-based security & audit trails; and host compliance information on-site or in the cloud. The above features and benefits of operational risk management solutions market growth help effectively manage the risks in any organization.
Factors such as increasing adoption of operational risk management in fintech companies and rising instances of cyber-attacks are influencing the operational risk management solution market growth. However, the complexities associated with operational risk management solutions are restraining operational risk management solution market growth. Moreover, the ongoing implementation of hybrid working styles and artificial intelligence (AI) integration in operational risk management are other factors contributing to operational risk management solution market growth.
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Operational Risk Management Solution Market: Strategic Insights
Market Size Value in US$ 1,656.4 million in 2021 Market Size Value by US$ 3,098.0 million by 2028 Growth rate CAGR of 9.4% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Operational Risk Management Solution Market: Strategic Insights
| Market Size Value in | US$ 1,656.4 million in 2021 |
| Market Size Value by | US$ 3,098.0 million by 2028 |
| Growth rate | CAGR of 9.4% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Operational Risk Management Solution Market
North America is one of the most supportive regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a substantial industrial base, and high purchasing power in developed countries, such as the US and Canada. The US is a prominent market for operational risk management solutions in several industries, including BFSI, transportation & logistics, and healthcare. The country consists of the maximum number of operational risk management solution developers. Further, the COVID-19 pandemic had forced companies to adopt work from home trends. In 2020, the COVID-19 pandemic created an enormous challenge for businesses in North America to continue operating despite massive shutdowns of offices and other facilities. The changing nature of working style affected information technology (IT) security. Therefore, organizations witnessed an increased risk of cyberattacks due to the extensive use of open-source software or apps, such as zoom and skype, during remote working. Furthermore, the surge in digital traffic presented an opportunity to numerous online frauds, phishing attacks, denial of inventory, and ransomware attacks. Due to the increased risk of cybercrimes, enterprises look for advanced operational risk management solutions to detect and manage any abnormal behavior in the networks. Thus, the growing remote working facility is rising the operational risk management solution market growth in the region. In 2021 and 2022, the demand for operational risk management solutions increased due to enterprises' rising trend of hybrid working styles. The digital transformation of businesses in several industries such as BFSI, pharmaceutical, and transportation & logistics support the growth of the operational risk management solution market in North America.
Lucrative Regions for Operational Risk Management Solution Market
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Market Insight
Increasing Adoption of Operational Risk Management in Fintech Companies
From the past few years, Fintech companies have emerged and grown rapidly. For instance, according to the article published by the Milan Fintech Summit (Fiera Milano Media SpA), the number of global fintech startups tripled in the last two years, rising from over 12,200 in 2019 to 26,000 in 2021. Technology has been an enormous growth area in the last decade and has helped boost all industries. Due to the continuous technological changes and innovation, new risks are constantly emerging in the Fintech companies, such as fraud risk, merchant risk, regulatory risk, anti-money laundering and countering terrorist financing, consumer risks, data privacy, credit risk, and outsourcing risk. These risks can be effectively handled with the help of operational risk management solutions. The increase in the new Fintech companies has also increased the new risks and challenges, which must be appropriately addressed as they may represent themselves in several types. With the rapid pace of innovation, not only does it pose difficulties to the financial companies but also to the regulators. Several companies providing operational risk management solutions for Fintech companies include MetricStream, CURA Software Solutions, CAREWeb, and SAP SE. Further, in August 2021, HDFC Bank (India’s largest private sector bank) adopted Bloomberg’s multi-asset risk management system in its technology stack, preparing for the transition to risk-free rates (RFR). In February 2021, the Reserve Bank of India (RBI) directed non-banking financial companies (NBFCs) and urban cooperative banks (UCBs) to implement a risk-based internal audit (RBIA) system. Therefore, the increasing adoption of operational risk management solutions in Fintech companies due to several benefits is supporting the growth of the operational risk management solution market.
Deployment Type Segment Insights
The operational risk management solution market, based on deployment type, is bifurcated into cloud and on-premises. The successful management of operational risks that are inherent in the implementation of the business plan is the value proposition for strong operational risk management (ORM). Further, the highest return on investment is when program measurements align with the organization's strategy, goals, and values. In today's business climate, operational risk management's efficacy and efficiency continue to be a key focus. Risk managers are being requested to accomplish effective operations with less resources, the ability to show the benefits of cloud-based ORM frameworks is becoming more important. This pressure is motivating risk managers to investigate and adopt new technology and strategies that might help them better their operations in the operational risk management solution market.
Operational Risk Management Solution Market, by Deployment Type (% Share)
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The market players focus on new product innovations and developments by integrating advanced technologies and features to compete. In January 2022, Adapt IT Holdings Limited (“Adapt IT”), had been acquired by Volaris Group Inc. (Volaris). The acquisition results in the diversified South African software company being backed by a well-capitalized leading global technology firm keen to support further growth.
Based on deployment type, the operational risk management solution market is bifurcated into cloud and on-premises. The market, based on enterprise size, is bifurcated into SMEs and large enterprise. Based on region, the global operational risk management solution market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Operational Risk Management Solution Market – Company Profiles
- Adapt IT Holdings Ltd
- MetricStream, Inc.
- RSA Security LLC
- TPSCO LLC
- SAP SE
- Shell International B.V.
- Sphera Solutions, Inc.
- TenForce
- Cura Global GRC Solutions PTE LTD
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment and Enterprise Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The increase in the new Fintech companies has also increased the new risks and challenges, which must be appropriately addressed as they may represent themselves in several types. With the rapid pace of innovation, not only does it pose difficulties to the financial companies but also to the regulators. Several companies providing operational risk management solutions for Fintech companies include MetricStream, CURA Software Solutions, CAREWeb, and SAP SE. Further, in August 2021, HDFC Bank (India’s largest private sector bank) adopted Bloomberg’s multi-asset risk management system in its technology stack, preparing for the transition to risk-free rates (RFR). In February 2021, the Reserve Bank of India (RBI) directed non-banking financial companies (NBFCs) and urban cooperative banks (UCBs) to implement a risk-based internal audit (RBIA) system. Therefore, the increasing adoption of operational risk management solutions in Fintech companies due to several benefits is supporting the growth of the operational risk management solution market.
Hence, with the rising adoption of the hybrid workforce model in the current scenario, several risks are also increasing, such as cybersecurity, internal fraud, and business process risks. Therefore, the growing implementation of hybrid work culture is creating significant opportunities for the future growth of the operational risk management solution market players.
The cloud-based segment led the operational risk management market with a share of 63.5% in 2020.
In 2020, North America held the largest market share in 2020, followed by Europe and APAC.
The major companies in operational risk management includes SAP SE, Oracle Corporation, Adapt IT Holdings Limited, RSA Security LLC and Shell International B.V.
The large enterprise segment led the operational risk management market with a share of 61.4% in 2020.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Operational Risk Management Solution Market – By Deployment
1.3.2 Global Operational Risk Management Solution Market – By Enterprises Size
1.3.3 Global Operational Risk Management Solution Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Operational Risk Management Solution Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Operational Risk Management Solution Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Operational Risk Management in Fintech Companies
5.1.2 Rising 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 Ongoing Implementation of Hybrid Working Styles
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence in Operational Risk Management
5.5 Impact Analysis of Drivers and Restraints
6. Operational Risk Management Solution Market – Global Market Analysis
6.1 Global Operational Risk Management Solution Market Overview
6.2 Global Operational Risk Management Solution Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Operational Risk Management Solution Market Revenue and Forecasts To 2028 – Deployment
7.1 Overview
7.2 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. Operational Risk Management Solution Market Revenue and Forecasts To 2028 – Enterprise Size
8.1 Overview
8.2 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. Operational Risk Management Solution Market – Geographic Analysis
9.1 Overview
9.2 North America: Operational Risk Management Solution Market
9.2.1 Overview
9.2.2 North America Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.2.3 North America Operational Risk Management Solution Market Breakdown, By Deployment
9.2.4 North America Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.2.5 North America Operational Risk Management Solution Market Breakdown, by Country
9.2.5.1 US Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.2.5.1.1 US Operational Risk Management Solution Market Breakdown, By Deployment
9.2.5.1.2 US Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.2.5.2 Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.2.5.2.1 Canada Operational Risk Management Solution Market Breakdown, By Deployment
9.2.5.2.2 Canada Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.2.5.3 Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.2.5.3.1 Mexico Operational Risk Management Solution Market Breakdown, By Deployment
9.2.5.3.2 Mexico Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3 Europe: Operational Risk Management Solution Market
9.3.1 Overview
9.3.2 Europe Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ million)
9.3.3 Europe Operational Risk Management Solution Market Breakdown, By Deployment
9.3.4 Europe Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5 Europe Operational Risk Management Solution Market Breakdown, by Country
9.3.5.1 Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.1.2 Germany Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5.2 France Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.2.1 France Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.2.2 France Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5.3 Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.3.2 Italy Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5.4 UK Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.4.2 UK Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5.5 Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.5.2 Russia Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.3.5.6 Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Operational Risk Management Solution Market Breakdown, By Deployment
9.3.5.6.2 Rest of Europe Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4 APAC: Operational Risk Management Solution Market
9.4.1 Overview
9.4.2 APAC Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.3 APAC Operational Risk Management Solution Market Breakdown, By Deployment
9.4.4 APAC Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5 APAC Operational Risk Management Solution Market Breakdown, by Country
9.4.5.1 Australia Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.1.1 Australia Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.1.2 Australia Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5.2 China Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.2.1 China Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.2.2 China Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5.3 India Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.3.1 India Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.3.2 India Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5.4 Japan Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.4.1 Japan Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.4.2 Japan Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5.5 South Korea Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.5.1 South Korea Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.5.2 South Korea Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.4.5.6 Rest of APAC Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.6.1 Rest of APAC Operational Risk Management Solution Market Breakdown, By Deployment
9.4.5.6.2 Rest of APAC Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.5 MEA: Operational Risk Management Solution Market
9.5.1 Overview
9.5.2 MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.5.3 MEA Operational Risk Management Solution Market Breakdown, By Deployment
9.5.4 MEA Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.5.5 MEA Operational Risk Management Solution Market Breakdown, By Country
9.5.5.1 Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.1.1 Saudi Arabia Operational Risk Management Solution Market Breakdown, By Deployment
9.5.5.1.2 Saudi Arabia Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.5.5.2 UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.2.1 UAE Operational Risk Management Solution Market Breakdown, By Deployment
9.5.5.2.2 UAE Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.5.5.3 South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.3.1 South Africa Operational Risk Management Solution Market Breakdown, By Deployment
9.5.5.3.2 South Africa Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.5.5.4 Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.4.1 Rest of MEA Operational Risk Management Solution Market Breakdown, By Deployment
9.5.5.4.2 Rest of MEA Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.6 SAM: Operational Risk Management Solution Market
9.6.1 Overview
9.6.2 SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.6.3 SAM Operational Risk Management Solution Market Breakdown, By Deployment
9.6.4 SAM Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.6.5 SAM Operational Risk Management Solution Market Breakdown, by Country
9.6.5.1 Brazil Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil Operational Risk Management Solution Market Breakdown, By Deployment
9.6.5.1.2 Brazil Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.6.5.2 Argentina Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.6.5.2.1 Argentina Operational Risk Management Solution Market Breakdown, By Deployment
9.6.5.2.2 Argentina Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.6.5.3 Rest of SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.6.5.3.1 Rest of SAM Operational Risk Management Solution Market Breakdown, By Deployment
9.6.5.3.2 Rest of SAM Operational Risk Management Solution Market Breakdown, By Enterprise Size
10. Impact of COVID-19 Pandemic on Operational Risk Management Solution Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Adapt IT Holdings Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 MetricStream, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 RSA Security LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TPSCO LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SAP SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shell International B.V.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sphera Solutions, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 TenForce
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Cura Global GRC Solutions PTE LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Global Operational Risk Management Solution Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 3. North America Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 4. North America Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 5. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 6. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 7. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 8. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 9. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 10. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 11. Europe Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 12. Europe Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 13. Europe Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 14. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 15. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 16. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 17. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 18. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 19. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 20. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 21. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 22. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 23. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 24. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 25. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 26. APAC Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 27. APAC Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 28. APAC Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 29. Australia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 30. Australia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 31. China Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 32. China Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 33. India Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 34. India Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 35. Japan Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 36. Japan Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 37. South Korea Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 38. South Korea Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 39. Rest of APAC Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 40. Rest of APAC Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 41. MEA Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 42. MEA Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 43. MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 44. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 45. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 46. UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 47. UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 48. South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 49. South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 50. Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 51. Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 52. SAM Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 53. SAM Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 54. SAM Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 55. Brazil Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 56. Brazil Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 57. Argentina Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 58. Argentina Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 59. Rest of SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 60. Rest of SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 61. Glossary of Terms, Operational Risk Management Solution Market
LIST OF FIGURES
Figure 1. Operational Risk Management Solution Market Segmentation
Figure 2. Operational Risk Management Solution Market Segmentation - Geography
Figure 3. Operational Risk Management Solution Market Overview
Figure 4. Operational Risk Management Solution Market, By Deployment
Figure 5. Operational Risk Management Solution Market, By Enterprise Size
Figure 6. Operational Risk Management Solution Market, By Region
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Operational Risk Management Solution Market Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Operational Risk Management Solution Market Impact Analysis of Drivers and Restraints
Figure 15. Global Operational Risk Management Solution Market
Figure 16. Global Operational Risk Management Solution Market, Forecast and Analysis (US$ Mn)
Figure 17. Market Positioning- Top Five Players
Figure 18. Operational Risk Management Solution Market, By Deployment (2020 and 2028)
Figure 19. On-Premise: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Cloud: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Operational Risk Management Solution Market, By Enterprise Size (2020 and 2028)
Figure 22. SMEs: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Operational Risk Management Solution Market Breakdown, by Region, 2020 & 2028 (%)
Figure 25. North America Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. North America Operational Risk Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 27. North America Operational Risk Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 28. North America Operational Risk Management Solution Market Breakdown, by Country, 2020 & 2028 (%)
Figure 29. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 30. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 32. Europe Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 33. Europe Operational Risk Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 34. Europe Operational Risk Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 35. Europe Operational Risk Management Solution Market Breakdown, by Country, 2018 & 2027(%)
Figure 36. Germany Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. France Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Italy Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 39. UK Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 40. Russia Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 41. Rest of Europe Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 42. APAC Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 43. APAC Operational Risk Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 44. APAC Operational Risk Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 45. APAC Operational Risk Management Solution Market Breakdown, by Country, 2020 & 2028 (%)
Figure 46. Australia Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 47. China Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 48. India Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 49. Japan Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 50. South Korea Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 51. Rest of APAC Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 52. MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 53. MEA Operational Risk Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 54. MEA Operational Risk Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 55. MEA Operational Risk Management Solution Market Breakdown, By Country, 2020 & 2028 (%)
Figure 56. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 57. UAE Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 58. South Africa Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 59. Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 60. SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 61. SAM Operational Risk Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 62. SAM Operational Risk Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 63. SAM Operational Risk Management Solution Market Breakdown, by Country, 2020 & 2028 (%)
Figure 64. Brazil Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 65. Argentina Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 66. Rest of SAM Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in European Country Markets
Figure 69. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 70. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 71. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Operational Risk Management Solution Market
- Adapt IT Holdings Ltd
- MetricStream
- RSA Security
- TPSCO LLC
- SAP SE
- Shell International BV
- Sphera Solutions
- Tenforce
- Cura Global GRC Solutions PTE Ltd
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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