NEW YORK, Sept. 16, 2019 (GLOBE NEWSWIRE) — According to the market research report published by P&S Intelligence, global business continuity management market was valued at $359.2 million in 2018, and is further expected to generate $875.7 million in revenue by 2024, exhibiting a CAGR of 15.4% during the forecast period. On the basis of solutions, risk management category held the largest share in 2018 in the market. However, audit management category is expected to register fastest growth during the forecast period; owing to growing need for review of the adequacy of the business continuity testing program.
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An increasing demand for business continuity management from SMEs is driving the market across the globe. In the recent years, a rising number of SMEs have been noted to adopt the business continuity management solutions and services, in order to streamline their business structure and expand their organizations. The players in business continuity management market are also thus focusing on providing more flexible…
