Global Third-Party Risk Management Market Growth (Status and Outlook) 2025-2031

Global Third-Party Risk Management Market Growth (Status and Outlook) 2025-2031

The global Third-Party Risk Management market size is predicted to grow from US$ 6962 million in 2025 to US$ 20070 million in 2031; it is expected to grow at a CAGR of 19.3% from 2025 to 2031.

Third Party Risk Management (TPRM) is the process of analyzing and controlling risks presented to your company, your data, your operations and your finances by parties OTHER than your own company.



Third Party Risk Management (TPRM) is the process of analyzing and controlling risks presented to the company, data, operations and finances by parties other than own company.



Third parties are essential to the company’s strategic and tactical decisions, so it is needed to examine sourcing arrangements throughout the sourcing lifecycle.

Major Global companies include Bitsight Technologies, Genpact, Navex Global, MetricStream, SAI Global, Resolver, Galvanize, IBM, Optiv Security, RapidRatings, RSA Security (Dell), Venminder, LogicManager, etc., the top 5 enterprises hold more than 50% market share. The United States is the largest market for third-party risk management, with a market share of about 38 percent.

LPI (LP Information)' newest research report, the “Third-Party Risk Management Industry Forecast” looks at past sales and reviews total world Third-Party Risk Management sales in 2024, providing a comprehensive analysis by region and market sector of projected Third-Party Risk Management sales for 2025 through 2031. With Third-Party Risk Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Third-Party Risk Management industry.

This Insight Report provides a comprehensive analysis of the global Third-Party Risk Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Third-Party Risk Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Third-Party Risk Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Third-Party Risk Management and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Third-Party Risk Management.

This report presents a comprehensive overview, market shares, and growth opportunities of Third-Party Risk Management market by product type, application, key players and key regions and countries.

Segmentation by Type:
Financial Controls
Contract Management
Relationship Management
Others

Segmentation by Application:
Large Business
SMBs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bitsight Technologies
Genpact
NAVEX Global
MetricStream
SAI Global
Resolver
Galvanize
IBM
Optiv Security
RapidRatings
RSA Security (Dell)
Venminder
LogicManager