Global Enterprise Risk Management Platform Market Overview:
The global enterprise risk management software market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing risk of data misuse & leak and growing adoption by banks & financial institutions across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Growth in Risk of Data Misuse Propelling the Demand for Enterprise Risk Management
- Growing Adoption by Banks & Financial Institutions
- Increasing Implementation of Artificial Intelligence in Risk Management Solutions
- Opportunities for Cloud-based Risk Management Solutions
- Data Security Challenges in Cloud-based Deployment Models
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Bwise (Netherlands), Capgemini (France), Dell EMC (United States), FIS (United States), IBM (United States), Infosys Limited (India), LogicManager (United States), MetricStream (United States), Oracle (United States) and SAP SE (Germany). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Enterprise Risk Management Platform market by 2025. Considering Market by End Users, the sub-segment i.e. Credit Unions will boost the Enterprise Risk Management Platform market. Considering Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Enterprise Risk Management Platform market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Enterprise Risk Management Platform market. Considering Market by Deployment, the sub-segment i.e. On-Premise will boost the Enterprise Risk Management Platform market.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Propelling the Demand for Risk Management Solutions
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Enterprise Risk Management Platform market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Enterprise Risk Management Platform market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.