CHICAGO, Dec. 3, 2019 /PRNewswire/ — According to a market research report “Third-Party Risk Management Market by Component (Solution (Financial Control, Contract, Operational Risk, Audit, and Compliance) and Service (Professional & Managed)), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2024″, published by MarketsandMarkets™, the global Third-Party Risk Management (TPRM) Market size is projected to grow from USD 3.2 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 15.9% during the forecast period.
The major factors driving the market include the increasing adoption of virtual applications; technological advancements, including automation, data analytics, and smart contracts; and soaring need to counter fraudulent activities in several verticals.
Browse in-depth TOC on “Third-Party Risk Management Market“
126 – Tables
46 – Figures
182 – Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222423768
Based on solutions, the financial control segment is estimated to lead the TPRM Market in 2019
Financial control management can be defined as a system that manages and limits the financial effects of…
