GITNUXREPORT 2025

Risk Management Industry Statistics

Risk management industry rapidly grows amidst escalating cyber, climate, and supply risks.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

59% of organizations believe that cyber risks are increasing faster than their ability to manage them.

Statistic 2

Nearly 60% of organizations experienced a significant breach or cyberattack in the past 12 months.

Statistic 3

The financial sector accounts for approximately 23% of all cyber attack victims worldwide.

Statistic 4

39% of organizations use AI-based tools for risk detection and analysis.

Statistic 5

The average number of cyber security incidents per company increased from 1.4 in 2019 to 2.7 in 2022.

Statistic 6

32% of risk managers cite data privacy concerns as their top priority.

Statistic 7

60% of small to medium-sized enterprises (SMEs) view cybersecurity as a top business risk.

Statistic 8

Cyber risk ranked as the most critical business risk for 62% of organizations in 2023.

Statistic 9

The threat of ransomware attacks grew by 50% in 2022.

Statistic 10

58% of organizations increased their cybersecurity budgets in 2023 compared to the previous year.

Statistic 11

48% of retail companies experienced fraud losses due to cyber incidents in 2022.

Statistic 12

The average time to detect a cyber attack decreased to 212 days in 2022 from 279 days in 2019.

Statistic 13

56% of companies experienced a rise in cyber threats from nation-state actors in 2022.

Statistic 14

67% of businesses increased their investment in cyber risk mitigation post-2022.

Statistic 15

58% of risk professionals are concerned about the rapid pace of technological change.

Statistic 16

42% of organizations plan to increase their investments in emerging risk detection tools next year.

Statistic 17

60% of cybersecurity incidents are caused by human error.

Statistic 18

The total number of cyber incidents reported in 2022 increased by 19% compared to the previous year.

Statistic 19

71% of organizations believe that climate change poses a significant supply chain risk.

Statistic 20

28% of companies identified climate change as their top evolving risk in 2023.

Statistic 21

The total global loss from natural disasters in 2022 exceeded USD 250 billion.

Statistic 22

70% of risk managers prioritize climate-related risks in their risk frameworks.

Statistic 23

71% of organizations consider climate change as a high or very high risk.

Statistic 24

73% of organizations use at least one hybrid risk management platform to improve their risk data collection and analysis.

Statistic 25

86% of companies have a formalized risk management process in place, yet only 45% actively integrate it into daily operations.

Statistic 26

68% of companies report a moderate to high level of exposure to regulatory and legal risks.

Statistic 27

85% of global organizations have adopted some form of enterprise risk management.

Statistic 28

65% of companies plan to increase investments in risk management technologies over the next year.

Statistic 29

47% of organizations have a dedicated risk management team, an increase from 35% in 2019.

Statistic 30

66% of enterprises conduct regular stress testing for their risk management frameworks.

Statistic 31

29% of risk managers are using blockchain technology to enhance risk transparency.

Statistic 32

The global enterprise risk management market size is projected to reach USD 23.1 billion by 2028.

Statistic 33

70% of organizations view operational risk management as a key driver of overall business resilience.

Statistic 34

46% of organizations have integrated AI into their risk management processes.

Statistic 35

64% of organizations plan to adopt more sophisticated risk modeling techniques in the next two years.

Statistic 36

45% of global organizations believe their current risk management strategies are sufficient for future challenges.

Statistic 37

33% of risk professionals are planning to adopt more advanced machine learning models.

Statistic 38

50% of companies report that disruptive technology advancements pose emerging risks in 2023.

Statistic 39

82% of risk managers report new types of risks emerging in the past 5 years.

Statistic 40

78% of organizations believe that having a dedicated risk management team improves overall risk mitigation.

Statistic 41

73% of organizations plan to implement more comprehensive risk assessment frameworks within the next 2 years.

Statistic 42

48% of organizations evaluate emerging risks annually, an increase from 33% in 2019.

Statistic 43

65% of organizations plan to increase their use of scenario analysis and stress testing.

Statistic 44

The global risk management software market is projected to reach USD 17.3 billion by 2027.

Statistic 45

83% of corporations have conducted formal risk assessments within the past 12 months.

Statistic 46

62% of organizations report that their senior management is increasingly involved in risk management decisions.

Statistic 47

47% of companies now embed risk management into their strategic planning process.

Statistic 48

The global risk management market was valued at approximately USD 6.93 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2028.

Statistic 49

The insurance loss ratio linked to cyber incidents increased by 12.5% in 2022.

Statistic 50

Fraud losses in the financial services sector amounted to $42 billion annually globally, according to recent estimates.

Statistic 51

The insurance sector's investment in risk analytics software grew by over 25% in 2022.

Statistic 52

Cybersecurity insurance premiums increased by 31% from 2021 to 2022.

Statistic 53

The average cost of a data breach in 2022 was $4.35 million.

Statistic 54

The use of predictive analytics in risk management increased by 40% in 2022.

Statistic 55

42% of risk managers report increased concern over geopolitical risks in 2023.

Statistic 56

The insurance industry’s total losses from natural disasters increased by 20% from 2021 to 2022.

Statistic 57

55% of companies say that increased regulatory requirements have elevated their compliance costs.

Statistic 58

44% of organizations increased their investment in cybersecurity insurance in 2022.

Statistic 59

55% of enterprises experienced increased compliance costs due to new regulations in the past year.

Statistic 60

38% of organizations report that their risk management budgets have increased by over 20% since 2021.

Statistic 61

The use of blockchain for risk transparency grew by 35% in 2022.

Statistic 62

49% of organizations have experienced an increase in legal liability risks in the past year.

Statistic 63

The forecasted global cost of ransomware damages is expected to reach USD 20 billion annually by 2025.

Statistic 64

35% of small and medium-sized enterprises (SMEs) feel prepared to handle financial risks.

Statistic 65

45% of large companies experienced an increase in supply chain risks in 2022.

Statistic 66

54% of organizations believe third-party risks are their most significant risk going forward.

Statistic 67

51% of organizations experienced at least one supply chain disruption in 2022.

Statistic 68

38% of organizations experienced supply chain cyber incidents in 2022.

Statistic 69

39% of organizations plan to implement more comprehensive third-party risk assessments in the next year.

Statistic 70

61% of organizations see supply chain transparency as critical for effective risk management.

Statistic 71

53% of organizations evaluated third-party risk more frequently in 2023.

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Key Highlights

The global risk management market was valued at approximately USD 6.93 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2028.
59% of organizations believe that cyber risks are increasing faster than their ability to manage them.
The insurance loss ratio linked to cyber incidents increased by 12.5% in 2022.
73% of organizations use at least one hybrid risk management platform to improve their risk data collection and analysis.
Nearly 60% of organizations experienced a significant breach or cyberattack in the past 12 months.
The financial sector accounts for approximately 23% of all cyber attack victims worldwide.
86% of companies have a formalized risk management process in place, yet only 45% actively integrate it into daily operations.
45% of large companies experienced an increase in supply chain risks in 2022.
Fraud losses in the financial services sector amounted to $42 billion annually globally, according to recent estimates.
The insurance sector's investment in risk analytics software grew by over 25% in 2022.
39% of organizations use AI-based tools for risk detection and analysis.
Cybersecurity insurance premiums increased by 31% from 2021 to 2022.
68% of companies report a moderate to high level of exposure to regulatory and legal risks.

As cyber threats and complex global risks continue to escalate at an unprecedented pace, the risk management industry is experiencing explosive growth and transformative innovations to safeguard businesses worldwide.

Cybersecurity and Cyber Risk Management

59% of organizations believe that cyber risks are increasing faster than their ability to manage them.
Nearly 60% of organizations experienced a significant breach or cyberattack in the past 12 months.
The financial sector accounts for approximately 23% of all cyber attack victims worldwide.
39% of organizations use AI-based tools for risk detection and analysis.
The average number of cyber security incidents per company increased from 1.4 in 2019 to 2.7 in 2022.
32% of risk managers cite data privacy concerns as their top priority.
60% of small to medium-sized enterprises (SMEs) view cybersecurity as a top business risk.
Cyber risk ranked as the most critical business risk for 62% of organizations in 2023.
The threat of ransomware attacks grew by 50% in 2022.
58% of organizations increased their cybersecurity budgets in 2023 compared to the previous year.
48% of retail companies experienced fraud losses due to cyber incidents in 2022.
The average time to detect a cyber attack decreased to 212 days in 2022 from 279 days in 2019.
56% of companies experienced a rise in cyber threats from nation-state actors in 2022.
67% of businesses increased their investment in cyber risk mitigation post-2022.
58% of risk professionals are concerned about the rapid pace of technological change.
42% of organizations plan to increase their investments in emerging risk detection tools next year.
60% of cybersecurity incidents are caused by human error.
The total number of cyber incidents reported in 2022 increased by 19% compared to the previous year.

Cybersecurity and Cyber Risk Management Interpretation

Amid escalating cyber threats—rising faster than defenses and costing nearly six in ten organizations their peace of mind—leveraging AI and increased budgets are urgent but only partially mitigating the relentless march of human error, nation-state plots, and ransomware spikes; in short, the cyber battlefield is more crowded and critical than ever, making risk management both a priority and a moving target.

Environmental and Climate-Related Risks

71% of organizations believe that climate change poses a significant supply chain risk.
28% of companies identified climate change as their top evolving risk in 2023.
The total global loss from natural disasters in 2022 exceeded USD 250 billion.
70% of risk managers prioritize climate-related risks in their risk frameworks.
71% of organizations consider climate change as a high or very high risk.

Environmental and Climate-Related Risks Interpretation

As climate change mounts its threat to global stability, nearly three-quarters of organizations recognize it as a top-tier risk—transforming the once peripheral environmental concern into a central corporate crisis demanding urgent, strategic action.

Hybrid and Integrated Risk Management Strategies

73% of organizations use at least one hybrid risk management platform to improve their risk data collection and analysis.
86% of companies have a formalized risk management process in place, yet only 45% actively integrate it into daily operations.
68% of companies report a moderate to high level of exposure to regulatory and legal risks.
85% of global organizations have adopted some form of enterprise risk management.
65% of companies plan to increase investments in risk management technologies over the next year.
47% of organizations have a dedicated risk management team, an increase from 35% in 2019.
66% of enterprises conduct regular stress testing for their risk management frameworks.
29% of risk managers are using blockchain technology to enhance risk transparency.
The global enterprise risk management market size is projected to reach USD 23.1 billion by 2028.
70% of organizations view operational risk management as a key driver of overall business resilience.
46% of organizations have integrated AI into their risk management processes.
64% of organizations plan to adopt more sophisticated risk modeling techniques in the next two years.
45% of global organizations believe their current risk management strategies are sufficient for future challenges.
33% of risk professionals are planning to adopt more advanced machine learning models.
50% of companies report that disruptive technology advancements pose emerging risks in 2023.
82% of risk managers report new types of risks emerging in the past 5 years.
78% of organizations believe that having a dedicated risk management team improves overall risk mitigation.
73% of organizations plan to implement more comprehensive risk assessment frameworks within the next 2 years.
48% of organizations evaluate emerging risks annually, an increase from 33% in 2019.
65% of organizations plan to increase their use of scenario analysis and stress testing.
The global risk management software market is projected to reach USD 17.3 billion by 2027.
83% of corporations have conducted formal risk assessments within the past 12 months.
62% of organizations report that their senior management is increasingly involved in risk management decisions.
47% of companies now embed risk management into their strategic planning process.

Hybrid and Integrated Risk Management Strategies Interpretation

While the majority of organizations recognize risk management as essential—evidenced by high adoption rates of formal processes, specialized teams, and advanced technologies—less than half translate these frameworks into daily operations, highlighting a persistent gap between risk strategy and execution in the evolving landscape of regulatory, technological, and operational threats.

Insurance and Financial Impacts

The global risk management market was valued at approximately USD 6.93 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2021 to 2028.
The insurance loss ratio linked to cyber incidents increased by 12.5% in 2022.
Fraud losses in the financial services sector amounted to $42 billion annually globally, according to recent estimates.
The insurance sector's investment in risk analytics software grew by over 25% in 2022.
Cybersecurity insurance premiums increased by 31% from 2021 to 2022.
The average cost of a data breach in 2022 was $4.35 million.
The use of predictive analytics in risk management increased by 40% in 2022.
42% of risk managers report increased concern over geopolitical risks in 2023.
The insurance industry’s total losses from natural disasters increased by 20% from 2021 to 2022.
55% of companies say that increased regulatory requirements have elevated their compliance costs.
44% of organizations increased their investment in cybersecurity insurance in 2022.
55% of enterprises experienced increased compliance costs due to new regulations in the past year.
38% of organizations report that their risk management budgets have increased by over 20% since 2021.
The use of blockchain for risk transparency grew by 35% in 2022.
49% of organizations have experienced an increase in legal liability risks in the past year.
The forecasted global cost of ransomware damages is expected to reach USD 20 billion annually by 2025.
35% of small and medium-sized enterprises (SMEs) feel prepared to handle financial risks.

Insurance and Financial Impacts Interpretation

With the risk landscape rapidly evolving—from a booming $6.93 billion industry adapting at an 8.4% CAGR to a cyber threat environment where data breaches average $4.35 million—it's clear that, in a world of rising natural disasters, geopolitical tensions, and ransomware costs projected to hit $20 billion by 2025, savvy organizations are investing more in analytics, blockchain, and insurance, because in risk management, as in life, those who prepare are the ones who survive—and perhaps even thrive.

Third-Party and Supply Chain Risks

45% of large companies experienced an increase in supply chain risks in 2022.
54% of organizations believe third-party risks are their most significant risk going forward.
51% of organizations experienced at least one supply chain disruption in 2022.
38% of organizations experienced supply chain cyber incidents in 2022.
39% of organizations plan to implement more comprehensive third-party risk assessments in the next year.
61% of organizations see supply chain transparency as critical for effective risk management.
53% of organizations evaluated third-party risk more frequently in 2023.

Third-Party and Supply Chain Risks Interpretation

Amidst rising supply chain threats—ranging from disruptions to cyberattacks—over half of organizations now prioritize transparency and rigorous third-party assessments, signaling that in a complex global landscape, transparency is not just prudent but paramount for resilience.