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The cybersecurity and risk management industry is experiencing rapid growth driven by increasing digital transformation and the escalating threat landscape. Organizations are facing complex regulatory demands and a surge in sophisticated cyber attacks, pushing the demand for advanced, automated solutions. AI and machine learning are becoming critical for proactive risk identification and mitigation, moving away from traditional manual processes. The focus is shifting towards continuous monitoring and real-time intelligence for comprehensive risk posture management.
Total Assets Under Management (AUM)
Third-Party Risk Management Market Size in United States
~Approximately 7.2 billion USD (2023)
(15.0% CAGR)
- Driven by increasing regulatory compliance needs.
- Rise in supply chain attacks.
- Demand for automated assessment tools.
7.2 billion USD