North America Risk Management Market Size, Share & Trends Analysis Report By Component (Software and Service), By Deployment Model (On-premise and Cloud), By Organization Size, By Vertical, By Country and Growth Forecast, 2023 - 2030
The North America Risk Management Market would witness market growth of 14.4% CAGR during the forecast period (2023-2030).
Integrating advanced technologies such as artificial intelligence (AI), machine learning (ML), and data analytics is transforming the risk management landscape. These technologies enhance the accuracy of risk assessments, enable real-time monitoring, and facilitate predictive analytics. The abundance of data has prompted a shift towards data-centric risk management. Organizations leverage big data analytics to extract meaningful insights, identify emerging risks, and make informed decisions. The ever-changing regulatory environment continues to shape the risk management market. Compliance solutions and regulatory technology (RegTech) are gaining prominence as organizations seek efficient ways to stay compliant with evolving regulations.
Moreover, recognizing climate change as a significant risk has prompted organizations to incorporate climate risk management into their strategies. This includes assessing the impact of climate-related events on operations, supply chains, and financial performance. Investors and stakeholders are increasingly considering ESG factors in their decision-making processes. As a result, organizations are incorporating ESG considerations into their risk assessments and management strategies to address reputational and regulatory risks.
North America, particularly the United States, has a robust regulatory environment that mandates businesses to comply with various regulations. This includes data protection laws, financial regulations, and industry-specific standards. The need to navigate and adhere to these regulations has driven the adoption of advanced risk management solutions. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Risk Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,139.5 million by 2030. The Canada market is experiencing a CAGR of 17% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16% during (2023 - 2030).
Based on Component, the market is segmented into Software and Service. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Government & Defense, Energy & Utilities, Healthcare & Lifesciences, Manufacturing, Retail, IT & Telecom and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- RSA Security LLC (Symphony Technology Group)
- IBM Corporation
- SAS Institute, Inc.
- SAP SE
- ServiceNow, Inc.
- Qualys, Inc.
- Thomson Reuters Corporation (The Woodbridge Company)
- NAVEX Global, Inc. (Lockpath)
- MetricStream, Inc.
- LogicManager, Inc.
By Component
- Software
- Service
- On-premises
- Cloud
- Large Enterprises
- Small & Medium Enterprises
- BFSI
- Government & Defense
- Energy & Utilities
- Healthcare & Lifesciences
- Manufacturing
- Retail
- IT & Telecom
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Risk Management Market, by Component
- 1.4.2 North America Risk Management Market, by Deployment Model
- 1.4.3 North America Risk Management Market, by Organization Size
- 1.4.4 North America Risk Management Market, by Vertical
- 1.4.5 North America Risk Management Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2022
- 4.2 Strategies Deployed in Risk Management Market
- 4.3 Porter’s Five Forces Analysis
- Chapter 5. North America Risk Management Market by Component
- 5.1 North America Software Market by Region
- 5.2 North America Service Market by Region
- Chapter 6. North America Risk Management Market by Deployment Model
- 6.1 North America On-premise Market by Region
- 6.2 North America Cloud Market by Region
- Chapter 7. North America Risk Management Market by Organization Size
- 7.1 North America Large Enterprises Market by Country
- 7.2 North America Small & Medium Enterprises Market by Country
- Chapter 8. North America Risk Management Market by Vertical
- 8.1 North America BFSI Market by Country
- 8.2 North America Government & Defense Market by Country
- 8.3 North America Energy & Utilities Market by Country
- 8.4 North America Healthcare & Lifesciences Market by Country
- 8.5 North America Manufacturing Market by Country
- 8.6 North America Retail Market by Country
- 8.7 North America IT & Telecom Market by Country
- 8.8 North America Others Market by Country
- Chapter 9. North America Risk Management Market by Country
- 9.1 US Risk Management Market
- 9.1.1 US Risk Management Market by Component
- 9.1.2 US Risk Management Market by Deployment Model
- 9.1.3 US Risk Management Market by Organization Size
- 9.1.4 US Risk Management Market by Vertical
- 9.2 Canada Risk Management Market
- 9.2.1 Canada Risk Management Market by Component
- 9.2.2 Canada Risk Management Market by Deployment Model
- 9.2.3 Canada Risk Management Market by Organization Size
- 9.2.4 Canada Risk Management Market by Vertical
- 9.3 Mexico Risk Management Market
- 9.3.1 Mexico Risk Management Market by Component
- 9.3.2 Mexico Risk Management Market by Deployment Model
- 9.3.3 Mexico Risk Management Market by Organization Size
- 9.3.4 Mexico Risk Management Market by Vertical
- 9.4 Rest of North America Risk Management Market
- 9.4.1 Rest of North America Risk Management Market by Component
- 9.4.2 Rest of North America Risk Management Market by Deployment Model
- 9.4.3 Rest of North America Risk Management Market by Organization Size
- 9.4.4 Rest of North America Risk Management Market by Vertical
- Chapter 10. Company Profiles
- 10.1 RSA Security LLC (Symphony Technology Group)
- 10.1.1 Company Overview
- 10.1.2 SWOT Analysis
- 10.2 IBM Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Regional & Segmental Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Product Launches and Product Expansions:
- 10.2.5.2 Acquisition and Mergers:
- 10.2.6 SWOT Analysis
- 10.3 SAS Institute, Inc.
- 10.3.1 Company Overview
- 10.3.2 Recent strategies and developments:
- 10.3.2.1 Acquisition and Mergers:
- 10.3.3 SWOT Analysis
- 10.4 SAP SE
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 SWOT Analysis
- 10.5 ServiceNow, Inc.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.6 Qualys, Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.5.2 Product Launches and Product Expansions:
- 10.6.5.3 Acquisition and Mergers:
- 10.6.6 SWOT Analysis
- 10.7 Thomson Reuters Corporation (The Woodbridge Company)
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 SWOT Analysis
- 10.8 NAVEX Global, Inc. (Lockpath)
- 10.8.1 Company Overview
- 10.8.2 Recent strategies and developments:
- 10.8.2.1 Product Launches and Product Expansions:
- 10.8.2.2 Acquisition and Mergers:
- 10.8.3 SWOT Analysis
- 10.9 MetricStream, Inc.
- 10.9.1 Company Overview
- 10.9.2 SWOT Analysis
- 10.10. LogicManager, Inc.
- 10.10.1 Company Overview
- 10.10.2 SWOT Analysis
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