Middle East and Africa 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 MEA operational risk management solution market is expected to grow from US$ 74.72 million in 2021 to US$ 114.63 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.
Artificial Intelligence (AI) is a robust technology used in the industrial, business, consumer, and public sectors. It is increasingly used in businesses to mitigate operational risks effectively. AI applications hold significant potential to enable intelligent risk management. Several industrial factories have implemented AI-based programs to prevent severe injuries and fatalities by focusing on risks with the highest potential consequences. Commercially available AI and machine learning (ML) advanced analytics solutions are successfully applied to these programs. Moreover, identifying specific compliance requirements from environmental permits and other complex regulatory documents has been necessary for the undertaking of labor-intensive and error-prone. A compliance technology company provides compliance automation solutions that use AI-based technology to resolve this problem. The cloud-based platform allows Natural Language Processing (NLP) algorithms to interpret and extract Environmental, Health, and Safety (EHS) requirements. These requirements rapidly speed up and enhance the accuracy of converting unstructured data contained in regulatory documents to actionable compliance obligations. Therefore, the growing trend for implementing AI in operational risk management solutions is expected to support the MEA operational risk management solution market growth during the forecast period.
With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the MEA operational risk management solution market. The MEA operational risk management solution market is expected to grow at a substantial CAGR during the forecast period.
MEA Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
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MEA Operational Risk Management Solution Market Segmentation
The MEA operational risk management solution market is segmented into deployment, enterprise size, and country. Based on deployment, the MEA operational risk management solution market is bifurcated into on-premise and cloud. The on-premise segment led the market in 2020; however, the cloud segment is expected to be the faster-growing segment during the forecast period. Based on enterprise size, the MEA 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 MEA operational risk management solution market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.
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 MEA 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 MEA Operational Risk Management Solution Market – By Deployment
1.3.2 MEA Operational Risk Management Solution Market – By Enterprises Size
1.3.3 MEA 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. MEA Operational Risk Management Solution Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Operational Risk Management Solution Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Adoption of Operational Risk Management in Fintech Companies
5.1.2 Surging 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 Rising 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 – MEA Analysis
6.1 MEA Operational Risk Management Solution Market Overview
6.2 MEA Operational Risk Management Solution Market Forecast and Analysis
7. MEA Operational Risk Management Solution Market Analysis – By Deployment
7.1 Overview
7.2 MEA 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. MEA Operational Risk Management Solution Market Analysis – By Enterprise Size
8.1 Overview
8.2 MEA 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. MEA Operational Risk Management Solution Market – Country Analysis
9.1 Overview
9.1.1 MEA Operational Risk Management Solution Market Breakdown, By Country
9.1.1.1 Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.1.1 Saudi Arabia Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.1.2 Saudi Arabia Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.2 UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.2.1 UAE Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.2.2 UAE Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.3 South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.3.1 South Africa Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.3.2 South Africa Operational Risk Management Solution Market Breakdown, By Enterprise Size
9.1.1.4 Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.4.1 Rest of MEA Operational Risk Management Solution Market Breakdown, By Deployment
9.1.1.4.2 Rest of MEA 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 SAP SE
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 Shell International B.V.
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 Sphera Solutions, Inc.
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 TenForce
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 Cura Global GRC Solutions PTE LTD
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. MEA Operational Risk Management Solution Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 4. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 5. UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 6. UAE Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 7. South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 8. South Africa Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 9. Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 10. Rest of MEA Operational Risk Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Operational Risk Management Solution Market Segmentation
Figure 2. MEA Operational Risk Management Solution Market Segmentation – By Country
Figure 3. MEA Operational Risk Management Solution Market Overview
Figure 4. MEA Operational Risk Management Solution Market, By Deployment
Figure 5. MEA Operational Risk Management Solution Market, By Country
Figure 6. MEA: PEST Analysis
Figure 7. MEA Operational Risk Management Solution Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. MEA Operational Risk Management Solution Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Operational Risk Management Solution Market, Forecast and Analysis (US$ Mn)
Figure 11. MEA Operational Risk Management Solution Market, By Deployment (2020 and 2028)
Figure 12. MEA On-Premise: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Cloud: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Operational Risk Management Solution Market, By Enterprise Size (2020 and 2028)
Figure 15. MEA SMEs: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Large Enterprises: Operational Risk Management Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Operational Risk Management Solution Market, by Key Country – Revenue (2020) (US$ Million)
Figure 18. MEA Operational Risk Management Solution Market Breakdown, By Country, 2020 & 2028 (%)
Figure 19. Saudi Arabia Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 20. UAE Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 21. South Africa Operational Risk Management Solution Market, Revenue and Forecast To 2028 (US$ million)
Figure 22. Rest of MEA 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA operational risk management solution market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA operational risk management solution market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the MEA operational risk management solution market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution