Europe Risk Management Market is Expected to Reach $ 15.15 Billion, by 2030 at 19.2% CAGR

PORTLAND, Ore., Feb. 21, 2022 / PRNewswire/-Allied Market Research published a report, entitled, “Europe Risk Management Market by Component (Software and Services), Deployment Mode (On-premise and Cloud), Organization Size (Large Enterprise and Small & Medium Size) Enterprise), Industry Vertical (BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, government and defense, etc.): Global Opportunity Analysis and Industry Forecast, 2021-2030. ” According to a report published by Allied Market Research, the Europe The risk management market is estimated at 2.62 billion by 2020 and is expected to hit $ 15.15 billion by 2030, registers a CAGR of 19.2% from 2021 to 2030.

Drivers, restraint, and opportunity

Rising data and security concerns in businesses, increasing strict compliance with government regulation, and increasing use of risk management in financial institutions are driving the growth of Europe market risk management. On the other hand, the high cost and complexity of software installation hinders growth to some extent. However, the integration of advanced technologies with risk management software is expected to create lucrative opportunities in the industry.

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COVID-19 situation

  • The outbreak of COVID-19 affected the growth of Europe The risk management market has been positive, as auditors of various industries have begun to use risk management software to resolve various compliance and other auditing-related issues. organizations.
  • Also, most companies as a whole Europe adopted the BYOD culture, while some of them also took recourse to work from home drift. This, in turn, posed a huge threat, due to the proliferation of cyber-attacks and data theft in companies. Therefore, to prevent such attacks, business ventures have included risk management software, which has greatly boosted the market.

Get a detailed analysis of the effect of COVID-19 on Europe market risk management:

Dominate the software component in 2030

In part, the software segment dominated with the largest share in 2020, holding more than two-thirds of Europe market risk management. The proliferation of activities such as financial fraud, identity theft, data theft, cyber attacks, and physical threats to industries is driving the growth of the segment. The services segment, on the other hand, is expected to cite the fastest CAGR of 20.8% throughout the forecast period, due to the increasing usage of various services among end-users.

The on -premises segment to maintain the dominant component

Based on the deployment model, the on-premises segment has the highest market share in terms of revenue, worth about three-fifths of Europe market risk management, due to increasing cases of cyber-attacks. The cloud segment, however, is estimated to show the fastest CAGR of 20.5% during the forecast period. This is because there has been a sharp increase in the adoption of cloud-based risk management software in both large and medium sized businesses across Europe in recent years.

The UK got the main share in 2020

Based on the country, the UK-wide market will dominate the market with a major share in 2020, worth more than a quarter of Europe risk management industry. This is due to increasing investment in their emerging technologies to implement streamlined work processes to reduce risks and improve corporate performance as a whole. Simultaneously, the market as a whole Spain is expected to witness the fastest CAGR of 24.6% from 2021 to 2030, due to increasing use of risk management software in the BFSI, IT, healthcare, and government industries to improve security, business, and overall experience of the customer.

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Major players in the industry

  • Fusion Risk Management, Inc.
  • IBM corporation
  • Lockpath, Inc.
  • Camms
  • Sword GRC
  • Logicmanager, Inc.
  • SAS Institute Inc.
  • Safetyculture
  • SAP SE
  • Service now

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar |, the CEO of Allied Market Research, leads the organization toward providing high -quality data and insights. We are in professional corporate relationships with various companies and this helps us in digging market data which helps us to build accurate research data tables and confirms the absolute accuracy of our market forecast. Every data presented in the reports published with us is obtained through key interviews with top officials from leading domain -related companies. Our second data acquisition methodology includes in -depth online and offline research and discussion with knowledgeable industry professionals and analysts.


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