Global Risk Management Market Size
The global risk management market was worth USD 7.90 billion in 2024. The global market is projected to reach USD 32.06 billion by 2033 from USD 9.23 billion in 2025, growing at a CAGR of 16.84% from 2025 to 2033.
Risk management helps organizations mitigate and manage a wide spectrum of risks, including financial, operational, cyber, compliance, and reputational risks. As industries face increasing levels of complexity, interconnectivity, and emerging risks, effective risk management has become indispensable for maintaining business continuity and safeguarding long-term success.
The global market for risk management is experiencing robust growth due to several factors. According to a report from the U.S. Department of Homeland Security, the rise of cyber threats, such as data breaches and ransomware, has significantly heightened the need for comprehensive risk management solutions. A 2020 survey by the National Institute of Standards and Technology (NIST) revealed that 62% of organizations identified cyber risks as their top concern, further underscoring the importance of addressing cybersecurity…
