Europe Operational Risk Management Solution Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Deployment (On-Premise and Cloud) and Enterprise Size (SMEs and Large Enterprise)


No. of Pages: 97    |    Report Code: TIPRE00029121    |    Category: Technology, Media and Telecommunications

Europe Operational Risk Management Solution Market
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The Europe operational risk management solution market is expected to grow from US$ 466.52 million in 2021 to US$ 820.98 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.

 

The number of unethical hackers and cyber attackers increased substantially with the advancement in IT infrastructure. The surge in cyber-attacks is fueled by the rise of the triple extortion ransomware technique used by cyber attackers, where hackers steal sensitive data from organizations and threaten to release it publicly unless clients fulfill the desired demands. Cyber attackers are also targeting organizations’ customers, vendors, or business partners in the same way. Further, cyber attackers adapt their working practices to exploit the shift to hybrid working, targeting organizations’ supply chains and network links to partners to achieve maximum disruption. Moreover, after the emergence of the COVID-19 pandemic, the number of unethical hackers and other cyber attackers increased rapidly. The implementation of cybersecurity risk management solutions is increasing due to the rise in cybersecurity risks. Cybersecurity risk management solutions support the ongoing process of identifying, analyzing, evaluating, and addressing an organization’s cybersecurity threats. Further, these solutions help organizations anticipate and minimize cyber risks, threats, vulnerabilities, and multiple IT compliance requirements. It also supports streamlining cybersecurity efforts to achieve cyber resilience. The cybersecurity risk management tools remove all cyber threats. Therefore, the rising cybersecurity risks across various organizations propel the use of cybersecurity risk management solutions, thereby driving the Europe market growth.

 

With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the Europe operational risk management solution market. The Europe operational risk management solution market is expected to grow at a substantial CAGR during the forecast period. 

 

Europe Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Europe Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)        

 

Europe Operational Risk Management Solution Market Segmentation    

 

The Europe operational risk management solution market is segmented into deployment, enterprise size, and country. Based on deployment, the Europe operational risk management solution market is bifurcated into on-premise and cloud. The cloud segment led the market in 2020; and it is expected to be the faster-growing segment during the forecast period. Based on enterprise size, the Europe operational risk management solution market is bifurcated into SMEs and large enterprise. The large enterprise segment led the market in 2020; however, the SMEs segment is expected to be the faster-growing segment during the forecast period. Based on country, the Europe operational risk management solution market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.      

Adapt IT Holdings Ltd; Cura Global GRC Solutions PTE LTD; MetricStream, Inc.; RSA Security LLC; SAP SE; Shell International B.V.; Sphera Solutions, Inc.; and TenForce are among the leading companies operating in the Europe operational risk management solution market. 


Europe Operational Risk Management Solution Strategic Insights

Strategic insights for the Europe Operational Risk Management Solution provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Operational Risk Management Solution Report Scope

Report Attribute Details
Market size in 2021 US$ 466.52 Million
Market Size by 2028 US$ 820.98 Million
Global CAGR (2021 - 2028) 8.4%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Deployment
  • On-Premise and Cloud
By Enterprise Size
  • SMEs and Large Enterprise
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • ACTIA Group
  • Omnitracs, LLC
  • ORBCOMM Inc.
  • Stoneridge, Inc.
  • Teletrac Navman
  • TomTom Telematics BV
  • Trackunit A/S
  • TTControl GmbH
  • Wacker Neuson SE
  • Zonar Systems Inc.
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    Europe Operational Risk Management Solution Regional Insights

    The geographic scope of the Europe Operational Risk Management Solution refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Europe Operational Risk Management Solution Market

    1. ACTIA Group
    2. Omnitracs, LLC
    3. ORBCOMM Inc.
    4. Stoneridge, Inc.
    5. Teletrac Navman
    6. TomTom Telematics BV
    7. Trackunit A/S
    8. TTControl GmbH   
    9. Wacker Neuson SE   
    10. Zonar Systems Inc.
    Frequently Asked Questions
    How big is the Europe Operational Risk Management Solution Market?

    The Europe Operational Risk Management Solution Market is valued at US$ 466.52 Million in 2021, it is projected to reach US$ 820.98 Million by 2028.

    What is the CAGR for Europe Operational Risk Management Solution Market by (2021 - 2028)?

    As per our report Europe Operational Risk Management Solution Market, the market size is valued at US$ 466.52 Million in 2021, projecting it to reach US$ 820.98 Million by 2028. This translates to a CAGR of approximately 8.4% during the forecast period.

    What segments are covered in this report?

    The Europe Operational Risk Management Solution Market report typically cover these key segments-

    • Deployment (On-Premise and Cloud)
    • Enterprise Size (SMEs and Large Enterprise)

    What is the historic period, base year, and forecast period taken for Europe Operational Risk Management Solution Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Operational Risk Management Solution Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Operational Risk Management Solution Market?

    The Europe Operational Risk Management Solution Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • ACTIA Group
  • Omnitracs, LLC
  • ORBCOMM Inc.
  • Stoneridge, Inc.
  • Teletrac Navman
  • TomTom Telematics BV
  • Trackunit A/S
  • TTControl GmbH
  • Wacker Neuson SE
  • Zonar Systems Inc.
  • Who should buy this report?

    The Europe Operational Risk Management Solution Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Operational Risk Management Solution Market value chain can benefit from the information contained in a comprehensive market report.

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