Global Vendor Risk Management Market Size & Outlook

The vendor risk management industry worldwide is expected to reach a projected revenue of US$ 24,953.3 million by 2030. A compound annual growth rate of 15.1% is expected of the worldwide vendor risk management industry from 2024 to 2030.
Revenue, 2023 (US$M)
$9,310.9
Forecast, 2030 (US$M)
$24,953.3
CAGR, 2024 - 2030
15.1%
Report Coverage
Worldwide

Global vendor risk management market highlights

  • The global vendor risk management market generated a revenue of USD 9,310.9 million in 2023 and is expected to reach USD 24,953.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 15.1% by 2030.
  • In terms of segment, large enterprises accounted for a revenue of USD 5,031.8 million in 2023.
  • Small & Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 9,310.9 million
Market revenue in 2030USD 24,953.3 million
Growth rate15.1% (CAGR from 2023 to 2030)
Largest segmentLarge enterprises
Fastest growing segmentSmall & Medium Enterprises
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSmall & Medium Enterprises, Large Enterprises

Other key industry trends

  • In terms of revenue, the North America accounted for 58.8% of the global vendor risk management market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 13,158.7 million by 2030.

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Vendor Risk Management Market Companies

Name Profile # Employees HQ Website

Global vendor risk management market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vendor risk management market will help companies and investors design strategic landscapes.


Large enterprises was the largest segment with a revenue share of 54.04% in 2023. Horizon Databook has segmented the Global vendor risk management market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Vendor Risk Management Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Small & Medium Enterprises
    • Large Enterprises
  • Global Vendor Risk Management End Use Outlook (Revenue, USD Million, 2018-2030)
    • BFSI
    • IT & Telecom
    • Retail & Consumer Goods
    • Manufacturing
    • Energy & Utilities
    • Healthcare
    • Government
    • Transportation
    • Aerospace & Defense
    • High Technology Products
    • Others

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Target buyers of Global vendor risk management market databook

  • Our clientele includes a mix of vendor risk management market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global vendor risk management market , including forecasts for subscribers. This global databook contains high-level insights into Global vendor risk management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global vendor risk management market size, by region, 2018-2030 (US$M)

Top 10 countries: Vendor risk management market size, 2023 (US$M)

Global vendor risk management market share, by enterprise size, 2023 & 2030 (%, US$M)

Vendor risk management market: Opportunity assessment by country

Global vendor risk management market, by region, 2023 (US$M)

Global vendor risk management market size, by region, 2018-2030 (US$M)

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