Global IT Vendor Risk Management Market Growth (Status and Outlook) 2023-2029

Global IT Vendor Risk Management Market Growth (Status and Outlook) 2023-2029

IT vendor risk management (VRM) is the process of ensuring that the use of external IT service providers and other IT vendors (third parties) does not create unacceptable potential for business disruption or have a negative impact on business performance. IT VRM solutions support enterprises that have to assess, monitor and manage their exposure to risks arising from their use of third parties that provide IT products and services or that have access to their information. Some solutions' capabilities extend to fourth parties and subcontractors — a feature increasingly important to customers.

LPI (LP Information)' newest research report, the “IT Vendor Risk Management Industry Forecast” looks at past sales and reviews total world IT Vendor Risk Management sales in 2022, providing a comprehensive analysis by region and market sector of projected IT Vendor Risk Management sales for 2023 through 2029. With IT Vendor Risk Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Vendor Risk Management industry.

This Insight Report provides a comprehensive analysis of the global IT Vendor 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 analyzes the strategies of leading global companies with a focus on IT Vendor Risk Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Vendor Risk Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Vendor 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 IT Vendor Risk Management.

The global IT Vendor Risk Management market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for IT Vendor Risk Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for IT Vendor Risk Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for IT Vendor Risk Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key IT Vendor Risk Management players cover Security Scorecard, BitSight, Dell Technologies(RSA), Processllnity, Rsam, Prevalent, Aravo, Quantivate and SAI Global, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Cloud-based
On-premises

Segmentation by application
Manufacturing
Retail
Financial
Government
Others

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.
Security Scorecard
BitSight
Dell Technologies(RSA)
Processllnity
Rsam
Prevalent
Aravo
Quantivate
SAI Global
LockPath
RiskVision (Formerly Agiliance)
MetricStream
Hiperos
Modulo
Fortrex Technologies
Brinqa

Please note: The report will take approximately 2 business days to prepare and deliver.