The "Third-Party Risk Management Market Research Report by Component (Service and Solution), Solution, Service, Deployment Mode, Organization Size, Verticals, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Third-Party Risk Management Market size was estimated at USD 6,291.35 million in 2021 and expected to reach USD 7,302.36 million in 2022, and is projected to grow at a CAGR 16.32% to reach USD 15,587.68 million by 2027.

In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Cumulative Impact of COVID-19:

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

The publisher continuously monitors and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics.

The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia. This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Third-Party Risk Management market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Third-Party Risk Management Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

Market Dynamics

Drivers

• High adoption by multiple organizations for virtual competitive advantage
• Increasing cybersecurity attacks and threats
• Potential demand attributed to increase the work efficiency and time management

Restraints

• Dependence on non-formal and manual business processes
• Dearth of skilled and experienced professionals

Opportunities

• Technological advances in automation and data analytics
• Favorable regulation and compliance requirements
• Rising demand for hybrid cloud infrastructure

Challenges

• Compatibility concerns related to legacy systems

Company Usability Profiles:

• Aravo Solutions, Inc.
• BitSight Technologies, Inc.
• Deloitte LLP
• Ernst & Young Global Limited
• Genpact Ltd.
• KPMG International Limited
• MetricStream Inc.
• NAVEX Global, Inc.
• OneTrust, LLC.
• Optiv Security, Inc.
• Prevalent, Inc
• PricewaterhouseCoopers
• ProcessUnity, Inc.
• Rapid Ratings International Inc.
• Resolver Inc.
• Riskpro India Ventures Pvt. Limited
• RiskRecon Inc.
• RSA Security, Inc.
• SAI Global
• Venminder, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/46mxmt

View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005416/en/