市場調查報告書
商品編碼
1363929
全球 IT 供應商風險管理市場 2023-2030Global IT Vendor Risk Management Market 2023-2030 |
預計全球 IT 供應商風險管理市場在預測期內年複合成長率將達到 14.8%。市場成長歸因於監管合規性不斷提高、網路攻擊不斷增加、技術進步、組織擴大採用雲端以及持續監控供應商績效的需要等因素。除此之外,日益激烈的競爭和全球經濟的不確定性也促使各行業外包業務以降低成本。供應商風險管理計劃是一種識別、評估和減輕第三方供應商帶來的風險的系統方法。它有助於組織保護其敏感資料,例如個人識別資訊 (PII)、受保護的健康資訊 (PHI) 和智慧財產權,免遭資料外洩、資料外洩和網路攻擊。透過降低這些事件的頻率和嚴重程度,供應商風險管理計畫可以幫助確保業務連續性。
全球 IT 供應商風險管理市場依據部署類型、組織規模和產業垂直進行細分。根據部署類型,市場分為基於雲端的部署和本地部署。根據組織規模,市場分為中小企業和大型企業。根據垂直行業,市場細分為 BFSI、電信和資訊技術 (IT)、醫療保健、政府、消費品和零售以及其他(能源和公用事業、教育)。在全球IT供應商風險管理行業中佔有顯著佔有率。
BFSI 部門高度互聯且受監管。更大的互聯性為網路安全帶來了高風險,而不斷成長的監管合規性是該領域 IT 供應商風險管理服務需求的一些促進因素。金融機構主要與第三方供應商合作的主要因素是透過僱用第三方供應商來擴大其內部團隊並提高靈活性,以降低成本,特別是在招聘方面(這也可能是一個耗時的過程),以提高效率營運和整體業務,並以最小的風險引入新技術和創新。儘管有這些好處,但與第三方供應商合作也面臨一些關鍵挑戰,包括資料外洩風險、網路安全風險、合規問題以及可能導致聲譽受損和財務損失的營運中斷。例如,2023年9月,捷克多家銀行和布拉格證券交易所成為駭客攻擊目標,針對銀行網站或網路銀行服務以及證券交易所網站進行攻擊。
為了克服這些問題,IT 供應商風險管理服務提供了解決方案,以確保適當的監管合規性、降低網路安全風險並有效管理與第三方的關係。
Title: Global IT Vendor Risk Management Market Size, Share & Trends Analysis Report by Deployment Type (On-Premises, and Cloud), by Organization Size (Small and Medium Enterprises (SMES), and Large Enterprises), by Industry Vertical (BFSI, Telecommunications and Information Technology (IT), Healthcare, Government, Consumer Goods and Retail, and Others)Forecast Period (2023-2030).
The global IT vendor risk management market is anticipated to grow at a significant CAGR of 14.8% during the forecast period. The market growth is attributed to factors such as growing regulatory compliance, growing cyber-attacks, technological advancements, growing cloud adoption by organizations, and the need to continuously monitor vendor performance among others. Apart from this growing competition and global economic uncertainties have pushed industries to outsource operations to reduce costs. A vendor risk management program is a systematic approach to identifying, assessing, and mitigating risks posed by third-party vendors. It helps organizations to protect their sensitive data, such as personally identifiable information (PII), protected health information (PHI), and intellectual property, from data breaches, data leaks, and cyber-attacks. By reducing the frequency and severity of these incidents, vendor risk management programs can help to ensure business continuity.
The global IT vendor risk management market is segmented based on the deployment type, organization size, and industry vertical. Based on the deployment type the market is sub-segmented into cloud-based deployment and on-premises deployment. Based on organization size, the market is sub-segmented into SMEs and large enterprises. Based on industry vertical, the market is sub-segmented into the BFSI, telecommunications and information technology (IT), healthcare, government, consumer goods, and retail, and others (energy and utilities, education) The healthcare sector is anticipated to hold a prominent share in the global IT vendor risk management industry.
The BFSI sector is highly interconnected and regulated. Greater interconnectivity poses high risks for cybersecurity and growing regulatory compliance are some of the driving factors for demand for IT vendor risk management services in this sector. The primary factors financial institutions primarily work with third-party vendors is to scale up their internal team and increase flexibility by hiring third-party vendors, to cut costs, especially in recruitment which can also be a time-consuming process, to increase efficiency in operations and overall business, and to introduce new technologies and innovations with minimal risks. With these benefits, working with third-party vendors also has key challenges some of which are risks of data leaks, cybersecurity risks, compliance issues, and operational disruptions which can cause reputational damages and financial losses. For instance, In September 2023, Several Czech banks and the Prague Stock Exchange were targeted by hackers, with strikes aimed at banks' websites or internet banking services, and the stock exchange's website.
To overcome these problems, IT vendor risk management services provide solutions to ensure proper regulatory compliance, decrease cybersecurity risks, and efficiently manage relationships with third parties.
The IT vendor risk management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among all regions, North America holds a prominent share in the global vendor risk management market owing to factors such as an increasing due to growing number of cyber-attacks, growing regulatory compliance requirements, and increased awareness of vendor risk management among business organizations. For instance, in June 2023, Federal Deposit Insurance Corporation (FDIC), Federal bank regulatory agencies today issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies. The final guidance describes principles and considerations for banking organizations' risk management of third-party relationships. The final guidance covers risk management practices for the stages in the life cycle of third-party relationships: planning, due diligence and third-party selection, contract negotiation, ongoing monitoring, and termination.
The European region is expected to hold a prominent share of the global IT vendor risk management market. As per the data from the European Council, with more than 10 terabytes of data stolen monthly, ransomware is one of the biggest cyber threats in the EU, with phishing now identified as the most common initial vector of such attacks. Regional servers of almost 90% of assets were targeted by an attack in 2022. For instance, in August 2023, Russian hacktivists launched several DDoS attacks that knocked the Polish government's website offline, as well as the Warsaw Stock Exchange and several Polish national banks. To overcome these challenges, companies are also collaborating on technological innovations. For instance, in March 2023, Advisory and professional services firm PwC UK partnered with security firm Reversing Labs to develop a third-party risk management (TPRM) platform to help businesses address software supply chain security risks. Alongside Reversing Labs, the firm aims to help customers modernize traditional TPRM programs to better suit the modern software supply chain, operationalizing the detection and mitigation of threats inherent in third-party software.
The major companies serving the global IT vendor risk management market include International Business Machines Corporations (IBM), NAVEX Global Inc., Resolver Inc., and RiskRecon, Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies and introducing new products and technological advancements. For instance, in July 2023, AuditBoard launched an IT risk management offering, AuditBoard ITRM, a purpose-built solution for CISOs and their teams. These solutions include the AuditBoard CrossComply IT framework, and compliance management solution that enables automated framework mapping, evidence collection, and continuous monitoring across the organization, and AuditBoard TPRM a scalable solution for managing third-party risk management programs, including IT vendor risk.