Middle East & Africa Third-party Risk Management Market Size & Outlook
The third-party risk management market in Middle East & Africa is expected to reach a projected revenue of US$ 1,173.4 million by 2030. A compound annual growth rate of 17.5% is expected of Middle East & Africa third-party risk management market from 2024 to 2030.
Revenue, 2023 (US$M)
$379.2
Forecast, 2030 (US$M)
$1,173.4
CAGR, 2024 - 2030
17.5%
Report Coverage
Middle East & Africa
Middle East & Africa third-party risk management market, 2018-2030 (US$M)
MEA third-party risk management market highlights
- The MEA third-party risk management market generated a revenue of USD 379.2 million in 2023.
- The market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 379.2 million |
| Market revenue in 2030 | USD 1,173.4 million |
| Growth rate | 17.5% (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 |
| Key market players worldwide | BitSight, Deloitte, Ernst & Young Global Consulting Services, Genpact Ltd, MetricStream, NAVEX Global, PwC, Symphony Communication Services |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global third-party risk management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,599.3 million by 2030.
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Third-Party Risk Management Market Scope
Third-party risk management market segmentation & scope
Contract Management
Operational Risk Management
Audit Management
Compliance Management
Others
Services
Deployment Mode
Cloud
On-premises
Organization Size
SMEs
Large Enterprises
Vertical
BFSI
IT & Telecom
Healthcare & Life Sciences
Government, Defense, & Aerospace
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Third-Party Risk Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa third-party risk management market
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Related regional statistics
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