The enterprise risk management market size is expected to see strong growth in the next few years. It will grow to $7.28 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to emergence of new risks, pandemic preparedness, regulatory changes and complexity, crisis management and response. Major trends in the forecast period include integration with emerging technologies, cybersecurity risk management, integration of artificial intelligence (AI) and machine learning (ML), climate change and ESG (environmental, social, governance) risks, third-party risk management.
The rise in data security breaches within enterprises is fueling the growth of the enterprise risk management market. A data breach occurs when information is extracted from a system without the owner's knowledge or consent. The increase in data security breaches can be attributed to weak and stolen credentials, application vulnerabilities, malware, malicious insiders, insider errors, and other factors. Enterprise risk management plays a crucial role in identifying, assessing, and preparing for potential losses that may result from data security breaches. For example, in September 2024, reports from The Office of the Australian Information Commissioner (OAIC), an Australian government agency, indicated that government agencies in Australia reported 63 data breaches, representing 12% of all notifications. Therefore, the growing incidence of data security breaches is expected to drive the expansion of the enterprise risk management market.
The growth of the enterprise risk management market is being propelled by the escalating cybersecurity threats. These threats encompass a spectrum of malicious activities aimed at compromising the security of digital information, systems, and networks. Enterprise risk management plays a crucial role by integrating cybersecurity into risk management practices, thereby enhancing resilience, protecting assets, and sustaining stakeholder trust in the face of mounting cyber threats. As an illustration, in April 2023, according to GOV.UK, a UK-based public sector information website, fewer than four in ten businesses and a third of charities reported being insured against cybersecurity risks. This figure rose to 63% for medium-sized businesses and 55% for large businesses. Consequently, the increasing cybersecurity threats contribute to the growth of the enterprise risk management market.
Leading companies in the enterprise risk management market are establishing enterprise risk knowledge centers to improve their risk management capabilities and promote a culture of informed decision-making. These knowledge centers function as centralized repositories for best practices, methodologies, and analytical tools, enabling organizations to identify, assess, and mitigate risks more effectively. For example, in August 2024, IRM India Affiliate, a professional organization based in India, launched the Enterprise Risk Knowledge Centre, a centralized portal for accessing exclusive Enterprise Risk Management (ERM) resources. The Enterprise Risk Knowledge Centre is designed to be a comprehensive hub for risk management professionals, offering a wide array of resources, including research papers, best practice guides, and training materials. This platform aims to promote knowledge sharing and collaboration among practitioners, assisting organizations in enhancing their risk assessment frameworks and improving overall risk management strategies.
Prominent companies within the enterprise risk management market are actively embracing innovation, introducing new technologies such as third-party risk management (TPRM) to maintain a competitive edge. Third-party risk management is a critical aspect of ensuring the security of any organization, and the selection of the right solution can have a significant impact. As an example, in August 2022, AuditBoard, a US-based audit and risk management company, launched its Third-Party Risk Management Solution. This initiative empowers enterprises to address IT vendor risk on a larger scale. The addition of this powerful solution to AuditBoard's integrated risk platform enables third-party risk management programs to scale more effectively and meet the growing demands of businesses. It achieves this by breaking down organizational silos and involving relevant stakeholders both within and outside the company.
In September 2022, IppoPay Technologies Pvt Ltd., an India-based payment infrastructure provider, completed the acquisition of Tutelar Fintech Private Limited for an undisclosed sum. This strategic move positions IppoPay to venture into the payments infrastructure market, while also leveraging Tutelar's capabilities to combat fraud in financial transactions. Tutelar Fintech Private Limited, an India-based risk management company, employs a full-stack AI approach to enhance its services.
Major companies operating in the enterprise risk management market include Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Capgemini SE, Infosys Limited, Fidelity National Information Services Inc., Thomson Reuters Corporation, Wolters Kluwer N.V., ACL Services Ltd., RSA Security LLC, OneTrust LLC, MetricStream Inc., NAVEX Global Inc., Cority Inc., Riskonnect Inc., Enablon Inc., GRC Solutions Inc., Galvanize Inc., Resolver Inc., ProcessUnity Inc., LockPath Inc., Aravo Solutions Inc., BWise Inc., LogicManager Inc., LogicGate Inc., Quantivate Inc., SAI Global Pty. Ltd., Optial Inc., Rsam LLC, Ideagen Ltd.
North America was the largest region in the enterprise risk management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise risk management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the enterprise risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Enterprise risk management involves strategically examining risk management from the perspective of the entire company or organization. It is a top-down strategy that identifies, evaluates, and prepares for potential losses, dangers, hazards, and other risks that may hinder an organization's operations and goals, potentially leading to losses.
The primary deployment options for enterprise risk management are on-premises and cloud. On-premises enterprise risk management involves the implementation of risk management solutions within an organization's in-house IT infrastructure. In this model, the responsibility for the solution and any associated processes lies with the enterprise itself. The key components of enterprise risk management encompass hardware, software, and services. End-users of enterprise risk management span various industries, including BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and government and defense.
The enterprise risk management market research report is one of a series of new reports that provides enterprise risk management market statistics, including enterprise risk management industry global market size, regional shares, competitors with an enterprise risk management market share, detailed enterprise risk management market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise risk management industry. This enterprise risk management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The enterprise risk management market consists of revenues earned by entities by providing enterprise risk management components including event modification and objective setting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Enterprise Risk Management Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on enterprise risk management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for enterprise risk management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The enterprise risk management market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Deployment: Cloud; on-Premises2) By Component: Hardware; Software; Services
3) By Industry Vertical: BFSI; IT and Telecom; Retail; Healthcare; Energy and Utilities; Manufacturing; Government and Defense
Subsegments:
1) By Cloud: Public Cloud; Private Cloud; Hybrid Cloud; Cloud-based Risk Management Solutions2) By on-Premises: On-Premises Software Solutions; on-Premises Infrastructure Management; Custom on-Premises Implementations
Key Companies Mentioned: Dell Technologies Inc.; International Business Machines Corporation; Oracle Corporation; SAP SE; Capgemini SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Dell Technologies Inc.
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- Capgemini SE
- Infosys Limited
- Fidelity National Information Services Inc.
- Thomson Reuters Corporation
- Wolters Kluwer N.V.
- ACL Services Ltd.
- RSA Security LLC
- OneTrust LLC
- MetricStream Inc.
- NAVEX Global Inc.
- Cority Inc.
- Riskonnect Inc.
- Enablon Inc.
- GRC Solutions Inc.
- Galvanize Inc.
- Resolver Inc.
- ProcessUnity Inc.
- LockPath Inc.
- Aravo Solutions Inc.
- BWise Inc.
- LogicManager Inc.
- LogicGate Inc.
- Quantivate Inc.
- SAI Global Pty. Ltd.
- Optial Inc.
- Rsam LLC
- Ideagen Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 5.17 Billion |
Forecasted Market Value ( USD | $ 7.28 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |