Vendor Risk Management Market Is Worth to Reach at CAGR of +13% by Forecast Year 2016 to 2022; Technology, Scope, Size, Overview, Growth Opportunities, Recent Trends.

Global Vendor Risk Management Market Research Report 2022,” provides a clear understanding of the market dynamics. Increasing trend of outsourcing various business operations and risk assessment of vendors are major drivers of the vendor risk management market. Moreover, it is increasingly important for enterprises to identify and mitigate these risks to achieve their business goals and sustain in the intense competition.

Organizations are witnessing high competition due to the advancement of technology which enhances profitability by increasing their customer base. Additionally, to provide quality of service as well as maximize their profit margin, business entities are lowering their operational costs by partnering with third-party vendors who mostly manage critical business operations. Increase in third-party vendors increases the risk of disruptions in business operations as well as enhance potential threats of cyber-attacks. In the light of this factor, vendor management becomes critically important.  Thus, Vendor Risk Management (VRM) solutions allow business entities to prevent third-party vendors from unacceptable disruption and negative impact on business performance

vendor risk management market to grow from USD +2 Billion in 2016 to +6 Billion by 2022. The global managed services market will grow at a Compound Annual Growth Rate (CAGR) of +13% during the forecast period.

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Top Key Players: BitSight Technologies (US), RSA (US), Genpact (US), LockPath (US), MetricStream (US), BWise (Netherlands), Resolver (Canada), SAI Global (Australia), Rsam (US), IBM (US), Optiv (US), Quantivate (US), RapidRatings (US), ProcessUnity (US), LogicManager (US), and VendorInsight (US).

Vendor Risk Management market is sub-segmented as solutions and services. On the basis of services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services, implementation services, and maintenance & support services. The solutions are segregated as policy & procedure management, monitoring & performance management, assessment management, compliance management, contract management, quality management, and others

The region has a high concentration of BFSI, telecom and IT, and healthcare and life sciences companies that largely contribute to the adoption of vendor risk management solutions and services. However, the APAC region is expected to provide high growth opportunities for the providers of vendor risk management solutions. This can be majorly attributed to the increasing commercial investments by companies in developing countries.

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Table of Content:

Chapter 1 Industry Overview of Vendor Risk Management

Chapter 2 Manufacturing Cost Structure Analysis of Vendor Risk Management

Chapter 3 Technical Data and Manufacturing Plants Analysis of Vendor Risk Management

Chapter 4 Global Vendor Risk Management Overall Market Overview

Chapter 5 Vendor Risk Management Regional Market Analysis

Chapter 6 Major Manufacturers Analysis of Vendor Risk Management

Chapter 7 Development Trend of Analysis of Vendor Risk Management Market

Chapter 8 Vendor Risk Management Marketing Type Analysis

Chapter 9 Conclusion of the Global Vendor Risk Management Market Professional Survey Report 2018

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