Latin America Vendor Risk Management Market Size & Outlook
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Latin America vendor risk management market highlights
- The Latin America vendor risk management market generated a revenue of USD 665.6 million in 2024.
- The market is expected to grow at a CAGR of 17.6% from 2025 to 2030.
- In terms of segment, financial control was the largest revenue generating solution in 2024.
- Compliance Management is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 665.6 million |
| Market revenue in 2030 | USD 1,714.1 million |
| Growth rate | 17.6% (CAGR from 2025 to 2030) |
| Largest segment | Financial control |
| Fastest growing segment | Compliance Management |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vendor Information Management, Contract Management, Financial Control, Compliance Management, Audit Management, Quality Assurance Management |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global vendor risk management market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,714.1 million by 2030.
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Vendor Risk Management Market Scope
Vendor Risk Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SAI Global | View profile | 1001-5000 | Sydney, New South Wales, Australia, Oceania | http://www.saiglobal.com/ |
| ProcessUnity | View profile | 101-250 | Concord, Massachusetts, United States, North America | http://www.processunity.com |
| Prevalent | View profile | 101-250 | Phoenix, Arizona, United States, North America | http://prevalent.net |
| LogicGate | View profile | 101-250 | Chicago, Illinois, United States, North America | https://www.logicgate.com |
| Quantivate | View profile | 11-50 | Woodinville, Washington, United States, North America | http://www.quantivate.com |
| BitSight | View profile | 501-1000 | Boston, Massachusetts, United States, North America | https://www.bitsight.com |
| MetricStream | View profile | 501-1000 | Palo Alto, California, United States, North America | http://www.metricstream.com |
| NAVEX Global | View profile | 1001-5000 | Lake Oswego, Oregon, United States, North America | http://www.navexglobal.com |
| ServiceNow Inc | View profile | 22668 | 2225 Lawson Lane, Santa Clara, CA, United States, 95054 | https://www.servicenow.com |
| Genpact Ltd | View profile | 131000 | 22 Victoria Street, Canon's Court, Hamilton, Bermuda, HM 12 | https://www.genpact.com |
Latin America vendor risk management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vendor risk management market will help companies and investors design strategic landscapes.
Financial control was the largest segment with a revenue share of 37.45% in 2024. Horizon Databook has segmented the Latin America vendor risk management market based on vendor information management, contract management, financial control, compliance management, audit management, quality assurance management covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Latin America vendor risk management market databook
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Our clientele includes a mix of vendor risk management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America vendor risk management market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vendor risk management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America vendor risk management market size, by country, 2018-2030 (US$M)
Latin America Vendor Risk Management Market Outlook Share, 2024 & 2030 (US$M)
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