Global Third-party Risk Management Market Size & Outlook
The global third-party risk management market size was estimated at USD 7,423.5 million in 2023 and is projected to reach USD 20,585.6 million by 2030, growing at a CAGR of 15.7% from 2024 to 2030.
Revenue, 2023 (US$M)
$7,423.5
Forecast, 2030 (US$M)
$20,585.6
CAGR, 2024 - 2030
15.7%
Report Coverage
Worldwide
Global third-party risk management market, 2018-2030 (US$M)
Global third-party risk management market highlights
- The global third-party risk management market generated a revenue of USD 7,423.5 million in 2023 and is expected to reach USD 20,585.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15.7% by 2030.
- In terms of segment, solution accounted for a revenue of USD 7,423.5 million in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 7,423.5 million |
| Market revenue in 2030 | USD 20,585.6 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
Other key industry trends
- In terms of revenue, the North America accounted for 39.0% of the global third-party risk management market in 2023.
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Third-Party Risk Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Symphony Communication Services | View profile | 501-1000 | New York, New York, United States, North America | http://www.symphony.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 |
| PwC | View profile | 10001+ | London, England, United Kingdom, Europe | http://pwc.com |
| NAVEX Global | View profile | 1001-5000 | Lake Oswego, Oregon, United States, North America | http://www.navexglobal.com |
| Ernst & Young Global Consulting Services | View profile | 251-500 | Nassau, New Providence, Bahamas, North America | https://www.ey.com/ |
| Genpact Ltd | View profile | 131000 | 22 Victoria Street, Canon's Court, Hamilton, Bermuda, HM 12 | https://www.genpact.com |
| Deloitte | View profile | 10001+ | London, England, United Kingdom, Europe | https://www2.deloitte.com |
Global third-party risk management market size, by regions, 2018-2030 (US$M)
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