The Enterprise Risk Management Global Market Report 2023 by The Business Research Company, provides enterprise risk management market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Enterprise Risk Management Global Market Report 2023, the market size is expected to grow from$4.78 billion in 2022 to $5.1 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enterprise risk management is expected to grow to $6.38 billion in 2027 at a CAGR of 5.8%.

The surge in data security breaches in enterprises is driving the enterprise risk management market. A data breach is a situation in which information is taken from a system without the owner's knowledge or consent. Data security breaches are increasing due to weak and stolen credentials, application vulnerabilities, malware, malicious insiders, insider error and others. Enterprise risk management helps to recognize, evaluate, and get ready for prospective losses that may arise due to data security breaches.

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The enterprise risk management market is segmented:

1) By Deployment: Cloud, On-Premises

2) By Component: Hardware, Software, Services

3) By Industry Vertical: BFSI, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, Government and Defense

The strategic partnership is a key trend gaining popularity in the enterprise risk management market. Companies operating in the enterprise risk management sector are entering into strategic partnerships to leverage each other's resources and expand into new markets. For instance, in August 2021, Galvanize, a US-based software as a service company that builds security, risk management, compliance, and audit software for the governance, risk management, and compliance (GRC) market, partnered with Turnkey. Through this partnership, Turnkey will include Galvanize's HighBond platform in its extensive lineup of tech-enabled solutions for customers. Turnkey is a London-based provider of Integrated Risk Management (IRM), Identity Access Management (IAM) and cyber and application Security.

The enterprise risk management market report table of contents includes:

Executive Summary
Enterprise Risk Management Market Characteristics
Enterprise Risk Management Market Trends And Strategies
Enterprise Risk Management Market – Macro Economic Scenario
Enterprise Risk Management Market Size And Growth
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Africa Enterprise Risk Management Market
Enterprise Risk Management Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Enterprise Risk Management Market
Enterprise Risk Management Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:

IBM Corporation
Capgemini
Fidelity National Information Services Inc
Infosys Limited
Oracle Corporation
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