Third-Party Risk Management Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025)
Third-Party Risk Management Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025)
The report classifies the business vertical into various segments based on components, voltage, end-user scope, and regional division. A thorough analysis of each segment with respect to their market share, growth rate, and revenue contribution forms a major part of the study.
Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!
The global third-party risk management market generated revenue of US$ 3,251.0 million in 2020 and is expected to reach US$ 6,554.1 million by 2025 with a CAGR of 15.1% in the forecast period. The third-party risk management market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global third-party risk management market. In qualitative terms, the third-party risk management market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of third-party risk management in various segments such as by component, deployment model, enterprise size, and industry at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
The third-party risk management market report provides a detailed study on the following segments:
Third-Party Risk Management Market, by Component
o Solution (Financial Control Management, Contract Management, Operational Risk Management, Audit Management, Compliance Management, Others)
o Services (Professional Services, Managed Services)
Third-Party Risk Management Market, by Deployment Model
o On- Premises
o Cloud Based
Third-Party Risk Management Market, by Enterprise Size
o Small & Medium Enterprises
o Large Enterprises
Third-Party Risk Management Market, by Industry
o BFSI
o IT and Telecom
o Healthcare and Life Sciences
o Government, Defense, and Aerospace
o Retail and Consumer Goods
o Manufacturing
o Energy and Utilities
o Others
Third-Party Risk Management Market, by Region
o North America (U.S., Canada)
o Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
o Asia Pacific (China, India, Japan, Rest of Asia Pacific)
o Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)
o Latin America (Brazil, Mexico, Rest of Latin America)
1. Introduction
2. Market Overview
2.1. Global Third-Party Risk Management Market Introduction
2.2. Macro- Economic Factor
2.3. Market Determinants
2.3.1. Market Driver
2.3.2. Market Restraints
2.3.3. Market Opportunities
2.3.4. Market Challenges
2.4. Value Chain Analysis
2.5. Technology/Product Roadmap
2.6. Porters 5 Force Model
2.7. Market Growth Opportunity Analysis
3. Market Segmentation
3.1. Global Third-Party Risk Management Market Analysis (US$ Mn), By Component, 2019 - 2025
3.1.1. Solution
3.1.1.1. Audit Management
3.1.1.2. Compliance Management
3.1.1.3. Contract Management
3.1.1.4. Financial Control Management
3.1.1.5. Operational Risk Management
3.1.1.6. Others
3.1.2. Services
3.1.2.1. Professional Services
3.1.2.2. Managed Services
3.2. Global Third-Party Risk Management Market Analysis (US$ Mn), By Deployment Model, 2019 – 2025
3.2.1. On- Premises
3.2.2. Cloud Based
3.3. Global Third-Party Risk Management Market Analysis (US$ Mn), By Enterprise Size, 2019 – 2025
3.3.1. Small & Medium Enterprises
3.3.2. Large Enterprises
3.4. Global Third-Party Risk Management Market Analysis (US$ Mn), By Industry, 2019 – 2025
3.4.1. BFSI
3.4.2. Energy and Utilities
3.4.3. Government, Defense, and Aerospace
3.4.4. Healthcare and Life Sciences
3.4.5. IT and Telecom
3.4.6. Manufacturing
3.4.7. Retail and Consumer Goods
3.4.8. Others
4. Regional Analysis
4.1. North America Third-Party Risk Management Market Analysis (US$ Mn), 2019 - 2025
4.1.1. By Country
4.1.1.1. U.S.
4.1.1.2. Canada
4.1.2. By Component
4.1.2.1. Solution
4.1.2.1.1. Audit Management
4.1.2.1.2. Compliance Management
4.1.2.1.3. Contract Management
4.1.2.1.4. Financial Control Management
4.1.2.1.5. Operational Risk Management
4.1.2.1.6. Others
4.1.2.2. Services
4.1.2.2.1. Professional Services
4.1.2.2.2. Managed Services
4.1.3. By Deployment Model
4.1.3.1. On- Premises
4.1.3.2. Cloud Based
4.1.4. By Enterprise Size
4.1.4.1. Small & Medium Enterprises
4.1.4.2. Large Enterprises
4.1.5. By Industry
4.1.5.1. BFSI
4.1.5.2. Energy and Utilities
4.1.5.3. Government, Defense, and Aerospace
4.1.5.4. Healthcare and Life Sciences
4.1.5.5. IT and Telecom
4.1.5.6. Manufacturing
4.1.5.7. Retail and Consumer Goods
4.1.5.8. Others
4.2. Europe Third-Party Risk Management Market Analysis (US$ Mn), 2019 - 2025
4.2.1. By Country
4.2.1.1. Germany
4.2.1.2. U.K.
4.2.1.3. France
4.2.1.4. Italy
4.2.1.5. Spain
4.2.1.6. Rest of Europe
4.2.2. By Component
4.2.2.1. Solution
4.2.2.1.1. Audit Management
4.2.2.1.2. Compliance Management
4.2.2.1.3. Contract Management
4.2.2.1.4. Financial Control Management
4.2.2.1.5. Operational Risk Management
4.2.2.1.6. Others
4.2.2.2. Services
4.2.2.2.1. Professional Services
4.2.2.2.2. Managed Services
4.2.3. By Deployment Model
4.2.3.1. On- Premises
4.2.3.2. Cloud Based
4.2.4. By Enterprise Size
4.2.4.1. Small & Medium Enterprises
4.2.4.2. Large Enterprises
4.2.5. By Industry
4.2.5.1. BFSI
4.2.5.2. Energy and Utilities
4.2.5.3. Government, Defense, and Aerospace
4.2.5.4. Healthcare and Life Sciences
4.2.5.5. IT and Telecom
4.2.5.6. Manufacturing
4.2.5.7. Retail and Consumer Goods
4.2.5.8. Others
4.3. Asia Pacific Third-Party Risk Management Market Analysis (US$ Mn), 2019 - 2025
4.3.1. By Country
4.3.1.1. China
4.3.1.2. Japan
4.3.1.3. India
4.3.1.4. Rest of Asia Pacific
4.3.2. By Component
4.3.2.1. Solution
4.3.2.1.1. Audit Management
4.3.2.1.2. Compliance Management
4.3.2.1.3. Contract Management
4.3.2.1.4. Financial Control Management
4.3.2.1.5. Operational Risk Management
4.3.2.1.6. Others
4.3.2.2. Services
4.3.2.2.1. Professional Services
4.3.2.2.2. Managed Services
4.3.3. By Deployment Model
4.3.3.1. On- Premises
4.3.3.2. Cloud Based
4.3.4. By Enterprise Size
4.3.4.1. Small & Medium Enterprises
4.3.4.2. Large Enterprises
4.3.5. By Industry
4.3.5.1. BFSI
4.3.5.2. Energy and Utilities
4.3.5.3. Government, Defense, and Aerospace
4.3.5.4. Healthcare and Life Sciences
4.3.5.5. IT and Telecom
4.3.5.6. Manufacturing
4.3.5.7. Retail and Consumer Goods
4.3.5.8. Others
4.4. Middle East & Africa Third-Party Risk Management Market Analysis (US$ Mn), 2019 - 2025
4.4.1. By Country
4.4.1.1. Middle East
4.4.1.2. Africa
4.4.2. By Component
4.4.2.1. Solution
4.4.2.1.1. Audit Management
4.4.2.1.2. Compliance Management
4.4.2.1.3. Contract Management
4.4.2.1.4. Financial Control Management
4.4.2.1.5. Operational Risk Management
4.4.2.1.6. Others
4.4.2.2. Services
4.4.2.2.1. Professional Services
4.4.2.2.2. Managed Services
4.4.3. By Deployment Model
4.4.3.1. On- Premises
4.4.3.2. Cloud Based
4.4.4. By Enterprise Size
4.4.4.1. Small & Medium Enterprises
4.4.4.2. Large Enterprises
4.4.5. By Industry
4.4.5.1. BFSI
4.4.5.2. Energy and Utilities
4.4.5.3. Government, Defense, and Aerospace
4.4.5.4. Healthcare and Life Sciences
4.4.5.5. IT and Telecom
4.4.5.6. Manufacturing
4.4.5.7. Retail and Consumer Goods
4.4.5.8. Others
4.5. Latin America Third-Party Risk Management Market Analysis (US$ Mn), 2019 - 2025
4.5.1. By Country
4.5.1.1. Brazil
4.5.1.2. Mexico
4.5.1.3. Rest of Latin America
4.5.2. By Component
4.5.2.1. Solution
4.5.2.1.1. Audit Management
4.5.2.1.2. Compliance Management
4.5.2.1.3. Contract Management
4.5.2.1.4. Financial Control Management
4.5.2.1.5. Operational Risk Management
4.5.2.1.6. Others
4.5.2.2. Services
4.5.2.2.1. Professional Services
4.5.2.2.2. Managed Services
4.5.3. By Deployment Model
4.5.3.1. On- Premises
4.5.3.2. Cloud Based
4.5.4. By Enterprise Size
4.5.4.1. Small & Medium Enterprises
4.5.4.2. Large Enterprises
4.5.5. By Industry
4.5.5.1. BFSI
4.5.5.2. Energy and Utilities
4.5.5.3. Government, Defense, and Aerospace
4.5.5.4. Healthcare and Life Sciences
4.5.5.5. IT and Telecom
4.5.5.6. Manufacturing
4.5.5.7. Retail and Consumer Goods
4.5.5.8. Others
5. Competitive Analysis
5.1. Company Share Analysis (%) 2019
5.2. List of Acquisition, Merger, Collaboration & New Product Launch
6. Company Profiles
6.1. BitSight Technologies, Inc.
6.2. Genpact
6.3. KPMG International Cooperative
6.4. MetricStream, Inc.
6.5. NAVEX Global, Inc.
6.6. Optiv Security Inc.
6.7. ProcessUnity, Inc.
6.8. Rapid Ratings International Inc.
6.9. RSA Security LLC
6.10. Venminder, Inc.
Research Methodology:
Third Party Risk Management Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|