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Risk Management Market Share

Report ID: GMI9857
Published Date: Jun 2024
Report Format: PDF

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Risk Management Market Share

IBM Corporation and Microsoft Corporation dominate the market over 10% market share. IBM Corporation stands out as a prominent player in the risk management industry due to its comprehensive suite of solutions. It offers a range of risk management products including the IBM OpenPages with Watson, which provides a powerful platform for Governance, Risk, and Compliance (GRC).

Microsoft is also a significant player in the risk management market, leveraging its comprehensive suite of technologies and solutions to help organizations manage risks effectively. Its focus on cybersecurity, compliance, and data privacy, along with its industry-specific offerings and strategic partnerships, position it as a key player in the market. Microsoft continuously invests in R&D and innovation in the risk management space. Microsoft collaborates with companies including Rockwell Automation, Cisco, and Deloitte, combining its technological strengths with industry-specific expertise.

Risk Management Market Companies

Major players operating in the risk management industry are:

AxiomSL
Fidelity National Information Services Inc
Gurucul
IBM Corporation
Microsoft Corporation
Misys
Moody's Analytics, Inc
Oracle Corporation
Provenir
Risk Edge Solutions
SAP
SAS Institute Inc
Verisk Analytics, Inc

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of risk management reached USD 13.6 billion in 2023 and is set to witness over 14% CAGR between 2024 and 2032, led by the rising incidents of cyber threats, stringent regulatory compliance, and rapid digital transformation.

The cloud segment in the risk management industry is expected to generate over USD 28 billion by 2032, as they offer scalable, flexible, and cost-effective options that enable real-time data access and analysis.

North America market accounted for 34% share in 2023, attributed to the strong emphasis on corporate governance, compliance, and accountability.

AxiomSL, Fidelity National Information Services Inc, Gurucul, IBM Corporation, Microsoft Corporation, Misys, Moody's Analytics, Inc, Oracle Corporation, Provenir, Risk Edge Solutions, SAP, SAS Institute Inc, and Verisk Analytics, Inc