Report : Asia Pacific 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)
On-Premise Segment to Dominate APAC Operational Risk Management Solution Market During 2021–2028
According to a new market research study on “APAC Operational Risk Management Solution Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and Enterprise Size” is expected to reach US$ 721.84 million by 2028 from US$ 347.29 million in 2021. The market is estimated to grow at a CAGR of 11.0% from 2021 to 2028. The report provides trends prevailing in the APAC operational risk management solution market along with the drivers and restraints pertaining to the market growth. Growing implementation of hybrid working styles and merging artificial intelligence in operational risk management are the major factor driving the growth of the APAC operational risk management solution market. However, challenges related to operational risk management solution hinders the growth of APAC operational risk management solution market.
The APAC operational risk management solution market has been segmented based on deployment, enterprise size, and country. Based on deployment, the APAC operational risk management solution market is segmented into on-premise and cloud. The on-premise segment dominated the APAC operational risk management solution market in 2020 and cloud segment is expected to be fastest growing during forecast period. Based on enterprise size, the APAC operational risk management solution market is segmented into SMEs and large enterprise. The large enterprise segment dominated the APAC operational risk management solution market in 2020 and SMEs segment is expected to be fastest growing during forecast period. Based on country, the APAC operational risk management solution market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
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 in the APAC operational risk management solution market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Adapt IT Manufacturing announced that they have achieved ISO 9001:2015 certification. The ISO 9001:2015 Quality Management certification is internationally recognized and demonstrates a commitment by an organization to improving overall quality and reliably meeting stakeholder requirements.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com