How big is the third-party risk management market?

The global third-party risk management market size was estimated at USD 7.42 billion in 2023 and is expected to reach USD 8.57 billion in 2024.

What is the third-party risk management market growth?

The global third-party risk management market is expected to grow at a compound annual growth rate of 15.7% from 2024 to 2030 to reach USD 20.59 billion by 2030.

Which segment accounted for the largest third-party risk management market share?

North America dominated the market in 2023, accounting for 39.0% of the global revenue. The region is home to numerous large enterprises and financial institutions that face complex risk management challenges due to extensive third-party networks.

Who are the key players in third-party risk management market?

Some key players operating in the third-party risk management market include Aravo Solutions, Inc., BitSight Technologies, Inc., Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Genpact, MetricStream, NAVEX Global, Inc., PwC, RSA Security LLC, Venminder, Inc

What are the factors driving the third-party risk management market?

Key factors driving the third-party risk management market growth include the rise in cyberattacks and data breaches, and the growing complexity of global supply chains and business networks.

Third-party Risk Management Market Size, Share & Trends Report

Third-party Risk Management Market (2024 - 2030) Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment Mode (Cloud, On-premises), By Organization Size, By Vertical, By Region, And Segment Forecasts

Market Segmentation

Third-Party Risk Management Component Outlook (Revenue, USD Billion, 2017 - 2030)
- Solution
- Services
Third-Party Risk Management Deployment Mode Outlook (Revenue, USD Billion, 2017 - 2030)
- Cloud
- On-premises
Third-Party Risk Management Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)
- SMEs
- Large Enterprises
Third-Party Risk Management Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
- BFSI
- IT and Telecom
- Healthcare and Life Sciences
- Government, Defense, and Aerospace
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Others
Third-Party Risk Management Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
  - North America Third-Party Risk Management Market, By Component
    - Solution
    - Services
  - North America Third-Party Risk Management Market, By Deployment Mode
    - Cloud
    - On-premises
  - North America Third-Party Risk Management Market, By Organization Size
    - SMEs
    - Large Enterprises
  - North America Third-Party Risk Management Market, By Vertical
    - BFSI
    - IT and Telecom
    - Healthcare and Life Sciences
    - Government, Defense, and Aerospace
    - Retail and Consumer Goods
    - Manufacturing
    - Energy and Utilities
    - Others
  - U.S.
    - U.S. Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - U.S. Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - U.S. Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - U.S. Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - Canada
    - Canada Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Canada Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Canada Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Canada Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - Mexico
    - Mexico Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Mexico Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Mexico Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Mexico Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
- Europe
  - Europe Third-Party Risk Management Market, By Component
    - Solution
    - Services
  - Europe Third-Party Risk Management Market, By Deployment Mode
    - Cloud
    - On-premises
  - Europe Third-Party Risk Management Market, By Organization Size
    - SMEs
    - Large Enterprises
  - Europe Third-Party Risk Management Market, By Vertical
    - BFSI
    - IT and Telecom
    - Healthcare and Life Sciences
    - Government, Defense, and Aerospace
    - Retail and Consumer Goods
    - Manufacturing
    - Energy and Utilities
    - Others
  - U.K.
    - U.K. Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - U.K. Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - U.K. Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - U.K. Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - Germany
    - Germany Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Germany Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Germany Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Germany Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - France
    - France Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - France Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - France Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - France Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
- Asia Pacific
  - Asia Pacific Third-Party Risk Management Market, By Component
    - Solution
    - Services
  - Asia Pacific Third-Party Risk Management Market, By Deployment Mode
    - Cloud
    - On-premises
  - Asia Pacific Third-Party Risk Management Market, By Organization Size
    - SMEs
    - Large Enterprises
  - Asia Pacific Third-Party Risk Management Market, By Vertical
    - BFSI
    - IT and Telecom
    - Healthcare and Life Sciences
    - Government, Defense, and Aerospace
    - Retail and Consumer Goods
    - Manufacturing
    - Energy and Utilities
    - Others
  - China
    - China Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - China Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - China Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - China Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - India
    - India Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - India Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - India Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - India Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - Japan
    - Japan Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Japan Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Japan Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Japan Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - Australia
    - Australia Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Australia Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Australia Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Australia Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - South Korea
    - South Korea Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - South Korea Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - South Korea Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - South Korea Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
- Latin America
  - Latin America Third-Party Risk Management Market, By Component
    - Solution
    - Services
  - Latin America Third-Party Risk Management Market, By Deployment Mode
    - Cloud
    - On-premises
  - Latin America Third-Party Risk Management Market, By Organization Size
    - SMEs
    - Large Enterprises
  - Latin America Third-Party Risk Management Market, By Vertical
    - BFSI
    - IT and Telecom
    - Healthcare and Life Sciences
    - Government, Defense, and Aerospace
    - Retail and Consumer Goods
    - Manufacturing
    - Energy and Utilities
    - Others
  - Brazil
    - Brazil Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - Brazil Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - Brazil Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - Brazil Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
- MEA
  - MEA Third-Party Risk Management Market, By Component
    - Solution
    - Services
  - MEA Third-Party Risk Management Market, By Deployment Mode
    - Cloud
    - On-premises
  - MEA Third-Party Risk Management Market, By Organization Size
    - SMEs
    - Large Enterprises
  - MEA Third-Party Risk Management Market, By Vertical
    - BFSI
    - IT and Telecom
    - Healthcare and Life Sciences
    - Government, Defense, and Aerospace
    - Retail and Consumer Goods
    - Manufacturing
    - Energy and Utilities
    - Others
  - UAE
    - UAE Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - UAE Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - UAE Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - UAE Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - South Africa
    - South Africa Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - South Africa Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - South Africa Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - South Africa Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others
  - KSA
    - KSA Third-Party Risk Management Market, By Component
      - Solution
      - Services
    - KSA Third-Party Risk Management Market, By Deployment Mode
      - Cloud
      - On-premises
    - KSA Third-Party Risk Management Market, By Organization Size
      - SMEs
      - Large Enterprises
    - KSA Third-Party Risk Management Market, By Vertical
      - BFSI
      - IT and Telecom
      - Healthcare and Life Sciences
      - Government, Defense, and Aerospace
      - Retail and Consumer Goods
      - Manufacturing
      - Energy and Utilities
      - Others

Report content

Qualitative Analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments