GITNUX MARKETDATA REPORT 2024
Integrated Risk Management Industry Statistics
The integrated risk management industry is growing rapidly, with increasing adoption of technology and a focus on enhancing risk mitigation strategies across various sectors.
In this post, we examine key statistics shaping the integrated risk management industry, providing insights into market size projections, solution segments, regional trends, and organizational adoption of risk management practices. From significant growth forecasts to evolving strategies, these statistics shed light on the dynamic landscape of risk management in today’s global business environment.
Statistic 1
"The global risk management market size is expected to grow from USD 6.50 billion in 2020 to USD 13.63 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period."
Statistic 2
"The largest segment in the risk management market by solution is Risk Assessment and Reporting, with a projected growth from $2.37 billion in 2020 to $4.79 billion in 2025."
Statistic 3
"According to a Deloitte Survey, the percentage of organizations using automation in risk management is 57%."
Statistic 4
"The use of cloud services in risk management is expected to grow by over 60% by 2023."
Statistic 5
"The risk management services market in North America is expected to hold the highest CAGR of 14.8% by 2025."
Statistic 6
"A reports from Aon shows, 85% of risk managers now use ERM (Enterprise risk management) which is globally recognized under integrated risk management."
Statistic 7
"By 2025, the Asia-Pacific integrated risk management market will have grown at a CAGR of 14.6%."
Statistic 8
"The banking and financial services industry is the top end-user sector of risk management solution, with a 32.6% share in 2019."
Statistic 9
"Only about 25% of organizations have an integrated view of risk and performance."
Statistic 10
"95% of the organizations in North America have a risk management initiative or program in place."
Statistic 11
"Only about 30% of companies have an integrated risk management approach that provides a holistic view of the most important strategic and operational risks."
Statistic 12
"Only 40% of organizations describe their approach to risk management as traditional (focused on minimizing the downside of financial and operational risk)."
Statistic 13
"Up to two-thirds of executives in large companies consider their risk management solutions to be insufficient."
Statistic 14
"Over 85% of risk professionals say they dedicate up to half their time to risk identification and assessment."
Statistic 15
"The global risk management market in the telecom and IT industry is expected to register a CAGR of over 9.5% from 2020 to 2025."
Jannik Lindner
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