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全球 IT 供应商风险管理市场 2023-2030Global IT Vendor Risk Management Market 2023-2030 |
预计全球 IT 供应商风险管理市场在预测期内复合年增长率将达到 14.8%。市场成长归因于监管合规性不断提高、网路攻击不断增加、技术进步、组织越来越多地采用云端以及持续监控供应商绩效的需要等因素。除此之外,日益激烈的竞争和全球经济的不确定性也促使各行业外包业务以降低成本。供应商风险管理计划是一种识别、评估和减轻第三方供应商带来的风险的系统方法。它有助于组织保护其敏感资料,例如个人识别资讯 (PII)、受保护的健康资讯 (PHI) 和智慧财产权,免遭资料外洩、资料外洩和网路攻击。透过降低这些事件的频率和严重程度,供应商风险管理计画可以帮助确保业务连续性。
全球 IT 供应商风险管理市场依据部署类型、组织规模和产业垂直进行细分。根据部署类型,市场分为基于云端的部署和本地部署。根据组织规模,市场分为中小企业和大型企业。根据垂直行业,市场细分为 BFSI、电信和资讯技术 (IT)、医疗保健、政府、消费品和零售以及其他(能源和公用事业、教育)。在全球IT供应商风险管理行业中占有显着份额。
BFSI 部门高度互联且受监管。更大的互联性为网路安全带来了高风险,而不断增长的监管合规性是该领域 IT 供应商风险管理服务需求的一些驱动因素。金融机构主要与第三方供应商合作的主要因素是透过僱用第三方供应商来扩大其内部团队并提高灵活性,以降低成本,特别是在招聘方面(这也可能是一个耗时的过程),以提高效率营运和整体业务,并以最小的风险引入新技术和创新。儘管有这些好处,但与第三方供应商合作也面临一些关键挑战,包括资料外洩风险、网路安全风险、合规问题以及可能导致声誉受损和财务损失的营运中断。例如,2023年9月,捷克多家银行和布拉格证券交易所成为骇客攻击目标,针对银行网站或网路银行服务以及证券交易所网站进行攻击。
为了克服这些问题,IT 供应商风险管理服务提供了解决方案,以确保适当的监管合规性、降低网路安全风险并有效管理与第三方的关係。
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.