IT vendor risk management (VRM) is the process of ensuring that the use of external IT service providers and other IT vendors (third parties) does not create unacceptable potential for business disruption or have a negative impact on business performance. IT VRM solutions support enterprises that have to assess, monitor and manage their exposure to risks arising from their use of third parties that provide IT products and services or that have access to their information. Some solutions’ capabilities extend to fourth parties and subcontractors a feature increasingly important to customers.
Scope of the Report:
The global IT Vendor Risk Management market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of IT Vendor Risk Management.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the IT Vendor Risk Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the IT Vendor Risk Management market by product type and applications/end industries.
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Market Segment by Manufacturers, this report covers
RiskVision (Formerly Agiliance)
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into