New Report Predicts Significant Market Growth

1 minute read

February 2018

MarketsandMarkets has published a new report that states that the global Vendor Risk Management market is expected to grow to significantly by the year 2022. The report divides the market by component (solutions vs services), deployment type, organization size, industry segments and region to define the market growth opportunity. MarketsandMarkets is a B2B research firm that employees 850 full-time analysts to track high growth global markets, providing market sizing and strategic advice and forecast of niche markets.

The report states “MarketsandMarkets expects the global vendor risk management market to grow from USD 2.97 Billion in 2016 to 6.50 Billion by 2022. The global managed services market will grow at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period… The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market.” And reminds us that “enterprises consider vendor risk management as an integral part of their risk management processes to mitigate the critical operational and reputational risks.”

To purchase the MarketsandMarkets VENDOR RISK MANAGEMENT MARKET – GLOBAL FORECAST TO 2022 report, you can click the link or visit their website at

Related Articles

About Us

ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit