It is projected that the third-party risk management market would grow at a 14.7% compound annual growth rate (CAGR) from USD 5 billion in 2022 to USD 19.7 billion by 2032. It is anticipated that factors including strict compliance regulations aimed at mitigating third-party risks, a deficiency of in-house expertise in several industries, and a …
Tag Archives: Third-Party Risk Management
Third-Party Risk Management Market is Likely to Reach US$ 19.7 Bn by 2032 – Future Market Insights, Inc.
The third-party risk management market is envisioned to advance at a CAGR of 14.7%, from USD 5 billion in 2022 to USD 19.7 billion by 2032. Factors such as severe compliance rules to address third-party risks, a lack of in-house competencies across many verticals, and an increase in cyberattacks are projected to positively influence the third-party risk management …