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Increasing number of third-party vendors in small and large organizations is a key factor driving vendor risk management market revenue growth
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, July 25, 2022 /EINPresswire.com/ — The global Vendor Risk Management (VRM) market size was USD 5.11 Billion in 2021 and is expected to register a revenue CAGR of 14.4% during the forecast period, according to latest analysis by Emergen Research. Increasing number of third-party vendors in small and large organizations is the key factor driving market revenue growth.
VRM is more crucial than ever due to constantly changing threat landscape, as the focus is shifting from business to supplier or vendor. VRM aids in educating vendor and company about any hazards that could arise from the collaboration. Organizations are getting into agreements with third parties at a faster rate than ever…
