Product Code: 11329
Key Highlights
The business continuity management market was valued at USD 693.6 million in 2023, and it will increase to USD 2,086.6 million, propelling at a 17.2% CAGR, by 2030.
Establishments that have intricate business processes are subject to increasing operational risks because of stiff regulatory penalties, compliance mandates, and economic uncertainties, in addition to the rising risks with model, conduct, cybersecurity, and vendors.
Such companies are demanding strong risk mitigation, better risk accountability, and real-time risk assessment from management & business lines.
With financial service establishments progressively increasing their businesses, the need for process transparency and accountability, along with that for guaranteeing proactive risk mitigation, is driving the need for BCM solutions globally.
The surging need for business continuity management (BCM) from SMEs is a key trend being observed in this industry.
A rising count of SMEs, in the last few years, have employed BCM solutions & services to expand as well as improve their businesses.
The major companies in this industry are concentrating on offering more flexible services and solutions for SMEs.
This is mainly because of the new customer base's substantial size and increasing consciousness of the significance of safeguarding their assets.
The rising need has been precisely significant in companies that function in under-regulated sectors.
Key Insights
North America was the largest contributor to the industry in 2023, with approximately 45% share.
This is because of the existence of many businesses and key financial bodies and the risks of disruption to operations because of natural disasters.
Over 60% of businesses in the U.S. are funding in enterprise continuity management solutions.
This can be attributed to the existence of many commercial enterprises and IT firms, which boosts the overall security menace to this nation.
APAC will advance at the fastest compound annual growth rate, of 17.6%, in the years to come.
Major factors driving the industry in APAC include the quick economic expansion in the key nations, the advent of cloud technology, the existence of large enterprises, and the increasing IT funding in China and India.
The solutions category led the industry in 2023, with approximately 70% share, and it will remain leading throughout this decade.
This is because of the rising use of BCM solutions for crisis management, audit management, and risk management.
The large enterprise category was the largest contributor to the industry in 2023, with approximately 65% share, and it is likely to continue this trend in the coming years.
This is because of the ability of large enterprises to make large IT funding to implement and improve their business continuity goals.
The SMEs category will advance at a higher rate, of 17.4%, in the years to come.
With the rising competition in this industry, SMEs are concentrating on protecting their assets and decreasing operational expenses.
The transportation & logistics category will grow at the fastest rate, of 17.8%, in the coming years. This is because of the rising threats in supply chain management.
The industry is fragmented in nature. The players, particularly the new ones, are concentrating on providing advanced services and solutions, to satisfy the demanding consumer base.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering
- 1.4.2. Market size breakdown, by organization size
- 1.4.3. Market size breakdown, by industry
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Offering (2017-2030)
- 6.3. Market Revenue, by Organization Size (2017-2030)
- 6.4. Market Revenue, by Industry (2017-2030)
- 6.5. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Offering (2017-2030)
- 7.3. Market Revenue, by Organization Size (2017-2030)
- 7.4. Market Revenue, by Industry (2017-2030)
- 7.5. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Offering (2017-2030)
- 8.3. Market Revenue, by Organization Size (2017-2030)
- 8.4. Market Revenue, by Industry (2017-2030)
- 8.5. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Offering (2017-2030)
- 9.3. Market Revenue, by Organization Size (2017-2030)
- 9.4. Market Revenue, by Industry (2017-2030)
- 9.5. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Offering (2017-2030)
- 10.3. Market Revenue, by Organization Size (2017-2030)
- 10.4. Market Revenue, by Industry (2017-2030)
- 10.5. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Offering (2017-2030)
- 11.3. Market Revenue, by Organization Size (2017-2030)
- 11.4. Market Revenue, by Industry (2017-2030)
- 11.5. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Offering (2017-2030)
- 12.3. Market Revenue, by Organization Size (2017-2030)
- 12.4. Market Revenue, by Industry (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Offering (2017-2030)
- 13.3. Market Revenue, by Organization Size (2017-2030)
- 13.4. Market Revenue, by Industry (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Offering (2017-2030)
- 14.3. Market Revenue, by Organization Size (2017-2030)
- 14.4. Market Revenue, by Industry (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Offering (2017-2030)
- 15.3. Market Revenue, by Organization Size (2017-2030)
- 15.4. Market Revenue, by Industry (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Offering (2017-2030)
- 16.3. Market Revenue, by Organization Size (2017-2030)
- 16.4. Market Revenue, by Industry (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Offering (2017-2030)
- 17.3. Market Revenue, by Organization Size (2017-2030)
- 17.4. Market Revenue, by Industry (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Offering (2017-2030)
- 18.3. Market Revenue, by Organization Size (2017-2030)
- 18.4. Market Revenue, by Industry (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Offering (2017-2030)
- 19.3. Market Revenue, by Organization Size (2017-2030)
- 19.4. Market Revenue, by Industry (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Offering (2017-2030)
- 20.3. Market Revenue, by Organization Size (2017-2030)
- 20.4. Market Revenue, by Industry (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Offering (2017-2030)
- 21.3. Market Revenue, by Organization Size (2017-2030)
- 21.4. Market Revenue, by Industry (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Offering (2017-2030)
- 22.3. Market Revenue, by Organization Size (2017-2030)
- 22.4. Market Revenue, by Industry (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Offering (2017-2030)
- 23.3. Market Revenue, by Organization Size (2017-2030)
- 23.4. Market Revenue, by Industry (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Offering (2017-2030)
- 24.3. Market Revenue, by Organization Size (2017-2030)
- 24.4. Market Revenue, by Industry (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Offering (2017-2030)
- 25.3. Market Revenue, by Organization Size (2017-2030)
- 25.4. Market Revenue, by Industry (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Offering (2017-2030)
- 26.3. Market Revenue, by Organization Size (2017-2030)
- 26.4. Market Revenue, by Industry (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Offering (2017-2030)
- 27.3. Market Revenue, by Organization Size (2017-2030)
- 27.4. Market Revenue, by Industry (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Offering (2017-2030)
- 28.3. Market Revenue, by Organization Size (2017-2030)
- 28.4. Market Revenue, by Industry (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. IBM Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Sai Global Pty Ltd.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. LogicManager Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Quantitative LLC
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. MetricStream Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. LockPath Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Dell Technologies Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Fusion Risk Management Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Sungard Availability Services
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. CLDigital
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Veritas Technologies LLC
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports