GITNUX MARKETDATA REPORT 2024

The Most Surprising Risk Management Statistics And Trends in 2024

Statistic 1

""Only 50% of companies have a fully mature risk management approach.""

Sources Icon

Statistic 2

""Integrated risk management solutions can reduce risk management costs by 30%.""

Sources Icon

Statistic 3

""61% of companies experienced an unexpected risk event in the past three years.""

Sources Icon

Statistic 4

""74% of risk managers believe that COVID-19 highlighted deficiencies in their risk strategies.""

Sources Icon

Statistic 5

""77% of companies have a formal risk management program.""

Sources Icon

Statistic 6

""Failing to manage risks can cost firms up to 30% of their annual revenue.""

Sources Icon

Statistic 7

""67% of companies plan to increase their risk management budgets over the next 12 months.""

Sources Icon

Statistic 8

""Companies with advanced risk management capabilities grow their earnings by 3% annually.""

Sources Icon

Statistic 9

""Legal and regulatory changes account for 40% of new risk factors.""

Sources Icon

Statistic 10

""42% of firms use predictive analytics for proactive risk management.""

Sources Icon

Statistic 11

""Supply chain risk topped the list of concerns for 58% of survey respondents.""

Sources Icon

Statistic 12

""Cybersecurity is the top risk concern for 85% of organizations.""

Sources Icon

Statistic 13

""Companies with robust risk management practices see a ROI of up to 20% higher.""

Sources Icon

Statistic 14

""The global risk management market is projected to grow to USD 28.87 billion by 2027.""

Sources Icon

Statistic 15

""Only 25% of companies frequently use risk management software.""

Sources Icon

Statistic 16

""33% of organizations reported a significant risk event that impacted their business strategy.""

Sources Icon

Statistic 17

""58% of organizations claim that improving their risk culture is a top priority.""

Sources Icon

Statistic 18

""80% of executives agree that their organizations need to reevaluate their risk-management approaches.""

Sources Icon

Statistic 19

""Only 45% of businesses perform regular risk assessments.""

Sources Icon

Statistic 20

""Operational risks account for 60% of total risk exposures.""

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!