North America Operational Risk Management Solution Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-Premise and Cloud) and Enterprise Size (SMEs and Large Enterprise)
The North America operational risk management solution market is expected to grow from US$ 722.74 million in 2021 to US$ 1,366.23 million by 2028; it is estimated to grow at a CAGR of 9.5% from 2021 to 2028.
From the past few years, fintech companies have emerged and grown rapidly. New risks, such as fraud, merchant risk, regulatory risk, money laundering and countering terrorist financing, consumer risks, data privacy, credit risk, and outsourcing risk, are constantly emerging in the fintech companies due to the continuous technological changes and innovation. These risks can be effectively handled with the help of operational risk management solutions. The increase in the number of fintech companies leads to new risks and challenges, which can be appropriately addressed as they may represent themselves in several types. With the rapid pace of innovation, it poses difficulties to financial companies and regulators. Thus, the need for operational risk management solutions has increased in fintech companies. Several companies providing operational risk management solutions for fintech companies are MetricStream, CURA Software Solutions, CAREWeb, and SAP SE. The increasing adoption of operational risk management solutions in fintech companies due to several benefits supports the growth of the North America operational risk management solution market.
With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the North America operational risk management solution market. The North America operational risk management solution market is expected to grow at a substantial CAGR during the forecast period.
North America Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
North America Operational Risk Management Solution Market Segmentation
The North America operational risk management solution market is segmented into deployment, enterprise size, and country. Based on deployment, the North America 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 North America 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 North America operational risk management solution market is segmented into the US, Canada, and Mexico.
Adapt IT Holdings Ltd; Cura Global GRC Solutions PTE LTD; MetricStream, Inc.; RSA Security LLC; SAP SE; Shell International B.V.; Sphera Solutions, Inc.; TenForce; and TPSCO LLC are among the leading companies operating in the North America operational risk management solution market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Operational Risk Management Solution Market – By Deployment
1.3.2 North America Operational Risk Management Solution Market – By Enterprises Size
1.3.3 North America Operational Risk Management Solution Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Operational Risk Management Solution Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Operational Risk Management Solution Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of Operational Risk Management in Fintech Companies
5.1.2 Accentuating Instances of Cyber Attacks in Various Organizations
5.2 Market Restraints
5.2.1 Obstacles Related to Operational Risk Management Solution
5.3 Market Opportunities
5.3.1 Surging Implementation of Hybrid Working Styles
5.4 Future Trends
5.4.1 Combination of Artificial Intelligence in Operational Risk Management
5.5 Impact Analysis of Drivers and Restraints
6. Operational Risk Management Solution Market – North America Analysis
6.1 North America Operational Risk Management Solution Market Overview
6.2 North America Operational Risk Management Solution Market Forecast and Analysis
7. North America Operational Risk Management Solution Market Analysis – By Deployment
7.1 Overview
7.2 North America Operational Risk Management Solution Market, By Deployment (2020 And 2028)
7.3 On-Premise
7.3.1 Overview
7.3.2 On-Premise: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
8. North America Operational Risk Management Solution Market Analysis – By Enterprise Size
8.1 Overview
8.2 North America Operational Risk Management Solution Market, By Enterprise Size (2020 And 2028)
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast To 2028 (US$ Million)
9. North America Operational Risk Management Solution Market – Country Analysis
9.1 Overview
9.1.1 North America Operational Risk Management Solution Market Breakdown, by Country
9.1.1.1 US Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.1.1 US Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.1.2 US Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.2 Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.2.1 Canada Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.2.2 Canada Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.3 Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028
9.1.1.3.1 Mexico Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.3.2 Mexico Operational Risk Management Solution Market Breakdown, By Enterprise Size
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Adapt IT Holdings Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 MetricStream, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 RSA Security LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 TPSCO LLC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 SAP SE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Shell International B.V.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sphera Solutions, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 TenForce
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Cura Global GRC Solutions PTE LTD
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. North America Operational Risk Management Solution Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America Operational Risk Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 4. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 5. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 6. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 7. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 8. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 9. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Operational Risk Management Solution Market Segmentation
Figure 2. North America Operational Risk Management Solution Market Segmentation – By Country
Figure 3. North America Operational Risk Management Solution Market Overview
Figure 4. North America Operational Risk Management Solution Market, By Deployment
Figure 5. North America Operational Risk Management Solution Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. North America Operational Risk Management Solution Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Operational Risk Management Solution Market Impact Analysis of Drivers and Restraints
Figure 10. North America Operational Risk Management Solution Market, Forecast and Analysis (US$ Mn)
Figure 11. North America Operational Risk Management Solution Market, By Deployment (2020 and 2028)
Figure 12. North America On-Premise: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Cloud: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Operational Risk Management Solution Market, By Enterprise Size (2020 and 2028)
Figure 15. North America SMEs: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Operational Risk Management Solution Market, by Key Country – Revenue (2020) (US$ Million)
Figure 18. North America Operational Risk Management Solution Market Breakdown, by Country, 2020 & 2028 (%)
Figure 19. US Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 20. Canada Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 21. Mexico Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
- Adapt IT Holdings Ltd
- Cura Global GRC Solutions PTE LTD
- MetricStream, Inc.
- RSA Security LLC
- SAP SE
- Shell International B.V.
- Sphera Solutions, Inc.
- TenForce
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