Global Vendor Risk Management Market Size, Status and Forecast 2020-2026

The major restraining factor for the growth of the market is many organizations’ dependence on non-formal and manual process to assess vendor risks.
Governments have been continuously upgrading regulations to protect critical data. The fast-changing compliances have encouraged enterprises to adopt compliance management solutions to assess their vendors and mitigate the risks of breaching regulations.
Market Analysis and Insights: Global Vendor Risk Management Market
In 2019, the global Vendor Risk Management market size was US$ 3456 million and it is expected to reach US$ 6068.1 million by the end of 2026, with a CAGR of 8.3% during 2021-2026.
Global Vendor Risk Management Scope and Market Size
Vendor Risk Management market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Vendor Risk Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Vendor Risk Management market is segmented into Vendor Information Management, Contract Management, Financial Control, Compliance Management, Audit Management, Quality Assurance Management, Services, Professional Services, Support and Maintenance, etc.
Segment by Application, the Vendor Risk Management market is segmented into SMEs, Large Enterprises, etc.
Regional and Country-level Analysis
The Vendor Risk Management market is analysed and market size information is provided by regions (countries).
The key regions covered in the Vendor Risk Management market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Vendor Risk Management Market Share Analysis
Vendor Risk Management market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Vendor Risk Management business, the date to enter into the Vendor Risk Management market, Vendor Risk Management product introduction, recent developments, etc.
The major vendors include Bitsight Technologies, Genpact, LockPath, MetricStream, Nasdaq Bwise, Resolver, SAI Global, Rsam, IBM, Optiv, Quantivate, RapidRatings, etc.

This report focuses on the global Vendor Risk Management status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Vendor Risk Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

Bitsight Technologies
Genpact
LockPath
MetricStream
Nasdaq Bwise
Resolver
SAI Global
Rsam
IBM
Optiv
Quantivate
RapidRatings

Market segment by Type, the product can be split into

Vendor Information Management
Contract Management
Financial Control
Compliance Management
Audit Management
Quality Assurance Management
Services
Professional Services
Support and Maintenance

Market segment by Application, split into

SMEs
Large Enterprises

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Vendor Risk Management status, future forecast, growth opportunity, key market and key players.
To present the Vendor Risk Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Vendor Risk Management are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.