Third-Party Risk Management

Third-Party Risk Management Market - Global Size & Outlook 2024-2030

Global Third-Party Risk Management is segmented by Application (Banking, Insurance, Healthcare, IT security, Government), Type (Risk assessment tools, Vendor risk management, Compliance management, Cybersecurity solutions, Supply chain risk management) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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INDUSTRY OVERVIEW

The Third-Party Risk Management market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 10 % during the forecast period. Valued at 1.5Billion, the market is expected to reach 3Billion by 2030, with a year-on-year growth rate of . This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.

Third-Party Risk Management Market Size in (USD Billion) CAGR Growth Rate 10 %

Study Period 2024-2030
Market Size (2019): 1.5Billion
Market Size (2030): 3Billion
CAGR (2019 - 2030): 10 %
Fastest Growing Region North America
Dominating Region Asia-Pacific
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Third-party risk management (TPRM) involves identifying, assessing, and mitigating risks associated with third-party vendors, contractors, and service providers.



Regulatory Framework

The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights

•    The Third-Party Risk Management is growing at a CAGR of 10 % during the forecasted period of 2024 to 2030
•    Year on Year growth for the market is
•    Based on type, the market is bifurcated into Risk assessment tools, Vendor risk management, Compliance management, Cybersecurity solutions
•    Based on application, the market is segmented into Banking, Insurance, Healthcare, IT security, Government
•    Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice

Market Segmentation Analysis

Segmentation by Type


  • Risk assessment tools
  • Vendor risk management
  • Compliance management
  • Cybersecurity solutions

Third-Party Risk Management Market Segmentation by Type

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Segmentation by Application
 
  • Banking
  • Insurance
  • Healthcare
  • IT security
  • Government

Third-Party Risk Management Market Segmentation by Application

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Key Players

Several key players in the Third-Party Risk Management market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at . The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
  • RSA
  • LogicManager
  • MetricStream
  • RiskWatch
  • ProcessUnity
  • CyberGRX
  • Prevalent
  • AuditBoard
  • OneTrust
  • SAP
  • IBM
  • RSA Archer
  • SAI Global
  • Aravo

Third-Party Risk Management Market Segmentation by Players

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Research Methodology

At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.

Market Dynamics


Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.

Market Driver

  • Expanding Demand For Risk Management Solutions In Banking
  • Insurance


Market Trend

  • Integration of AI for risk prediction
  • focus on supply chain resilience

Opportunity

  • Expanding Demand For Risk Management Solutions In Banking
  • Insurance


Challenge

  • Complexity In Vendor Risk Assessment
  • Data Privacy Concerns



Regional Outlook

The Asia-Pacific Region holds the largest market share in 2019 and is expected to grow at a good CAGR. The North America Region is the fastest-growing region due to increasing development and disposable income.


North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.


The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
 

Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA
Fastest Growing Region
North America
North America captures largest market share in Third-Party Risk Management Market
Dominating Region
Asia-Pacific
Asia-Pacific captures largest market share in Third-Party Risk Management Market

 

Report Features

Details

Base Year

2019

Based Year Market Size (2019)

1.5Billion

Historical Period Market Size (2024)

1Billion

CAGR (2019 to 2030)

10 %

Forecast Period

2025 to 2030

Forecasted Period Market Size (2030)

3Billion 

Scope of the Report

Risk assessment tools, Vendor risk management, Compliance management, Cybersecurity solutions, Banking, Insurance, Healthcare, IT security, Government

Regions Covered

North America, Europe, Asia Pacific, South America, and MEA

Year on Year Growth


Companies Covered

RSA, LogicManager, MetricStream, RiskWatch, ProcessUnity, CyberGRX, Prevalent, AuditBoard, OneTrust, SAP, IBM, RSA Archer, SAI Global, Aravo

Customization Scope

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Delivery Format

PDF and Excel through Email

 

 

Third-Party Risk Management - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Third-Party Risk Management Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Third-Party Risk Management Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Third-Party Risk Management Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Expanding demand for risk management solutions in banking
    • 3.1.2 insurance
  • 3.2 Available Opportunities
    • 3.2.1 Expanding demand for risk management solutions in banking
  • 3.3 Influencing Trends
    • 3.3.1 Integration of AI for risk prediction
    • 3.3.2 focus on supply ch
  • 3.4 Challenges
    • 3.4.1 Complexity in vendor risk assessment
    • 3.4.2 data privacy concer
  • 3.5 Regional Dynamics

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Chapter 4 : Global Third-Party Risk Management Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Third-Party Risk Management Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Third-Party Risk Management : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Third-Party Risk Management Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Third-Party Risk Management Revenue 2019
  • 5.3 BCG Matrix
  • 5.3 Market Entropy
  • 5.4 Strategic Group Analysis
  • 5.5 5C’s Analysis
Chapter 6: Global Third-Party Risk Management Market: Company Profiles
  • 6.1 RSA
    • 6.1.1 RSA Company Overview
    • 6.1.2 RSA Product/Service Portfolio & Specifications
    • 6.1.3 RSA Key Financial Metrics
    • 6.1.4 RSA SWOT Analysis
    • 6.1.5 RSA Development Activities
  • 6.2 LogicManager
  • 6.3 MetricStream
  • 6.4 RiskWatch
  • 6.5 ProcessUnity
  • 6.6 CyberGRX
  • 6.7 Prevalent
  • 6.8 AuditBoard
  • 6.9 OneTrust
  • 6.10 SAP
  • 6.11 IBM
  • 6.12 RSA Archer
  • 6.13 SAI Global
  • 6.14 Aravo
  • 6.15 RiskConnect

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Chapter 7 : Global Third-Party Risk Management by Type & Application (2024-2030)
  • 7.1 Global Third-Party Risk Management Market Revenue Analysis (USD Million) by Type (2024-2019)
    • 7.1.1 Risk Assessment Tools
    • 7.1.2 Vendor Risk Management
    • 7.1.3 Compliance Management
    • 7.1.4 Cybersecurity Solutions
    • 7.1.5 Supply Chain Risk Management
  • 7.2 Global Third-Party Risk Management Market Revenue Analysis (USD Million) by Application (2024-2019)
    • 7.2.1 Banking
    • 7.2.2 Insurance
    • 7.2.3 Healthcare
    • 7.2.4 IT Security
    • 7.2.5 Government
  • 7.3 Global Third-Party Risk Management Market Revenue Analysis (USD Million) by Type (2019-2030)
  • 7.4 Global Third-Party Risk Management Market Revenue Analysis (USD Million) by Application (2019-2030)

Chapter 8 : North America Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 8.1 North America Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 8.2.1 Risk Assessment Tools
    • 8.2.2 Vendor Risk Management
    • 8.2.3 Compliance Management
    • 8.2.4 Cybersecurity Solutions
    • 8.2.5 Supply Chain Risk Management
  • 8.3 North America Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 8.3.1 Banking
    • 8.3.2 Insurance
    • 8.3.3 Healthcare
    • 8.3.4 IT Security
    • 8.3.5 Government
  • 8.4 North America Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 8.5 North America Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 8.6 North America Third-Party Risk Management Market by Application (USD Million) [2020-2030]
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Chapter 9 : LATAM Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 9.1 LATAM Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 9.2.1 Risk Assessment Tools
    • 9.2.2 Vendor Risk Management
    • 9.2.3 Compliance Management
    • 9.2.4 Cybersecurity Solutions
    • 9.2.5 Supply Chain Risk Management
  • 9.3 LATAM Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 9.3.1 Banking
    • 9.3.2 Insurance
    • 9.3.3 Healthcare
    • 9.3.4 IT Security
    • 9.3.5 Government
  • 9.4 LATAM Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 9.5 LATAM Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 9.6 LATAM Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 10 : West Europe Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 10.1 West Europe Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 10.2.1 Risk Assessment Tools
    • 10.2.2 Vendor Risk Management
    • 10.2.3 Compliance Management
    • 10.2.4 Cybersecurity Solutions
    • 10.2.5 Supply Chain Risk Management
  • 10.3 West Europe Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 10.3.1 Banking
    • 10.3.2 Insurance
    • 10.3.3 Healthcare
    • 10.3.4 IT Security
    • 10.3.5 Government
  • 10.4 West Europe Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 10.5 West Europe Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 10.6 West Europe Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 11 : Central & Eastern Europe Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 11.2.1 Risk Assessment Tools
    • 11.2.2 Vendor Risk Management
    • 11.2.3 Compliance Management
    • 11.2.4 Cybersecurity Solutions
    • 11.2.5 Supply Chain Risk Management
  • 11.3 Central & Eastern Europe Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 11.3.1 Banking
    • 11.3.2 Insurance
    • 11.3.3 Healthcare
    • 11.3.4 IT Security
    • 11.3.5 Government
  • 11.4 Central & Eastern Europe Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 11.5 Central & Eastern Europe Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 11.6 Central & Eastern Europe Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 12 : Northern Europe Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 12.2.1 Risk Assessment Tools
    • 12.2.2 Vendor Risk Management
    • 12.2.3 Compliance Management
    • 12.2.4 Cybersecurity Solutions
    • 12.2.5 Supply Chain Risk Management
  • 12.3 Northern Europe Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 12.3.1 Banking
    • 12.3.2 Insurance
    • 12.3.3 Healthcare
    • 12.3.4 IT Security
    • 12.3.5 Government
  • 12.4 Northern Europe Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 12.5 Northern Europe Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 12.6 Northern Europe Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 13 : Southern Europe Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 13.2.1 Risk Assessment Tools
    • 13.2.2 Vendor Risk Management
    • 13.2.3 Compliance Management
    • 13.2.4 Cybersecurity Solutions
    • 13.2.5 Supply Chain Risk Management
  • 13.3 Southern Europe Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 13.3.1 Banking
    • 13.3.2 Insurance
    • 13.3.3 Healthcare
    • 13.3.4 IT Security
    • 13.3.5 Government
  • 13.4 Southern Europe Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 13.5 Southern Europe Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 13.6 Southern Europe Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 14 : East Asia Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 14.1 East Asia Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 14.2.1 Risk Assessment Tools
    • 14.2.2 Vendor Risk Management
    • 14.2.3 Compliance Management
    • 14.2.4 Cybersecurity Solutions
    • 14.2.5 Supply Chain Risk Management
  • 14.3 East Asia Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 14.3.1 Banking
    • 14.3.2 Insurance
    • 14.3.3 Healthcare
    • 14.3.4 IT Security
    • 14.3.5 Government
  • 14.4 East Asia Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 14.5 East Asia Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 14.6 East Asia Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 15 : Southeast Asia Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 15.2.1 Risk Assessment Tools
    • 15.2.2 Vendor Risk Management
    • 15.2.3 Compliance Management
    • 15.2.4 Cybersecurity Solutions
    • 15.2.5 Supply Chain Risk Management
  • 15.3 Southeast Asia Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 15.3.1 Banking
    • 15.3.2 Insurance
    • 15.3.3 Healthcare
    • 15.3.4 IT Security
    • 15.3.5 Government
  • 15.4 Southeast Asia Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 15.5 Southeast Asia Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 15.6 Southeast Asia Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 16 : South Asia Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 16.1 South Asia Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 16.2.1 Risk Assessment Tools
    • 16.2.2 Vendor Risk Management
    • 16.2.3 Compliance Management
    • 16.2.4 Cybersecurity Solutions
    • 16.2.5 Supply Chain Risk Management
  • 16.3 South Asia Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 16.3.1 Banking
    • 16.3.2 Insurance
    • 16.3.3 Healthcare
    • 16.3.4 IT Security
    • 16.3.5 Government
  • 16.4 South Asia Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 16.5 South Asia Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 16.6 South Asia Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 17 : Central Asia Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 17.2.1 Risk Assessment Tools
    • 17.2.2 Vendor Risk Management
    • 17.2.3 Compliance Management
    • 17.2.4 Cybersecurity Solutions
    • 17.2.5 Supply Chain Risk Management
  • 17.3 Central Asia Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 17.3.1 Banking
    • 17.3.2 Insurance
    • 17.3.3 Healthcare
    • 17.3.4 IT Security
    • 17.3.5 Government
  • 17.4 Central Asia Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 17.5 Central Asia Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 17.6 Central Asia Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 18 : Oceania Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 18.1 Oceania Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 18.2.1 Risk Assessment Tools
    • 18.2.2 Vendor Risk Management
    • 18.2.3 Compliance Management
    • 18.2.4 Cybersecurity Solutions
    • 18.2.5 Supply Chain Risk Management
  • 18.3 Oceania Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 18.3.1 Banking
    • 18.3.2 Insurance
    • 18.3.3 Healthcare
    • 18.3.4 IT Security
    • 18.3.5 Government
  • 18.4 Oceania Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 18.5 Oceania Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 18.6 Oceania Third-Party Risk Management Market by Application (USD Million) [2020-2030]
Chapter 19 : MEA Third-Party Risk Management Market Breakdown by Country, Type & Application
  • 19.1 MEA Third-Party Risk Management Market by Country (USD Million) [2024-2019]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Third-Party Risk Management Market by Type (USD Million) [2024-2019]
    • 19.2.1 Risk Assessment Tools
    • 19.2.2 Vendor Risk Management
    • 19.2.3 Compliance Management
    • 19.2.4 Cybersecurity Solutions
    • 19.2.5 Supply Chain Risk Management
  • 19.3 MEA Third-Party Risk Management Market by Application (USD Million) [2024-2019]
    • 19.3.1 Banking
    • 19.3.2 Insurance
    • 19.3.3 Healthcare
    • 19.3.4 IT Security
    • 19.3.5 Government
  • 19.4 MEA Third-Party Risk Management Market by Country (USD Million) [2020-2030]
  • 19.5 MEA Third-Party Risk Management Market by Type (USD Million) [2020-2030]
  • 19.6 MEA Third-Party Risk Management Market by Application (USD Million) [2020-2030]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Third-Party Risk Management Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 10 % from 2019 to 2030 to reach a market size of 10 % 3 billion

The Third-Party Risk Management Market is estimated to grow at a CAGR of 10 %, currently pegged at 1.5 billion.

Some of the prominent trends that are influencing and driving the growth of Global Third-Party Risk Management Market are Integration Of AI For Risk Prediction, Focus On Supply Chain Resilience, Real-time Risk Monitoring.

  • Expanding Demand For Risk Management Solutions In Banking
  • Insurance
  • And IT Industries.

Some of the major roadblocks that industry players have identified are Complexity In Vendor Risk Assessment, Data Privacy Concerns, Lack Of Standardized Processes..

The market opportunity is clear from the flow of investment into Global Third-Party Risk Management Market, some of them are Expanding Demand For Risk Management Solutions In Banking, Insurance, And IT Industries..

New entrants, including competitors from unrelated industries along with players such as RSA, LogicManager, MetricStream, RiskWatch, ProcessUnity, CyberGRX, Prevalent, AuditBoard, OneTrust, SAP, IBM, RSA Archer, SAI Global, Aravo, RiskConnect Instituting a robust process in Global Third-Party Risk Management Market.

The Global Third-Party Risk Management Market Study is Broken down by applications such as Banking, Insurance, Healthcare, IT security, Government.

The Global Third-Party Risk Management Market Study is segmented by Risk assessment tools, Vendor risk management, Compliance management, Cybersecurity solutions, Supply chain risk management.

The Global Third-Party Risk Management Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2024 - 2019; Base year: 2019; Forecast period: 2025 to 2030

Third-party risk management (TPRM) involves identifying, assessing, and mitigating risks associated with third-party vendors, contractors, and service providers.