Enterprise Risk Management Market is predicted to reach USD 8.04 billion at a CAGR of 5.20% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Enterprise Risk Management Market”.

The Enterprise Risk Management market is estimated to register a CAGR of 5.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Enterprise Risk Management market— IBM Corporation, SAP SE, Oracle Corporation, SAS Institute Inc., Moody's Corporation, Marsh & McLennan Companies, Inc., Aon plc, Fidelity National Information Services, Inc., Lockpath, a NAVEX Global Company and MetricStream Inc.

Market Highlights

The global Enterprise Risk Management market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 8.04 billion by 2032.

The Enterprise Risk Management (ERM) market is experiencing growth due to the increasing complexity of business operations, globalization, and the ever-evolving threat landscape. Organizations are recognizing the need for a comprehensive approach to identify, assess, and mitigate risks across various business functions. Regulatory compliance requirements, the rise of digital technologies, and the desire to enhance overall business resilience are driving the adoption of ERM solutions. As businesses face diverse challenges, the demand for robust risk management solutions contributes to the sustained growth of the Enterprise Risk Management market.

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Segment Analysis

The global Enterprise Risk Management market has been segmented based type and application.

On the basis of type, the market is segmented into Hazard risk, Financial risk, Operational risk and Strategic risks. The Hazard risk category held the largest market share in Enterprise Risk Management (ERM) market in 2022, due to their potential for widespread and severe impact on businesses.

Based on application, the global Enterprise Risk Management market has been segmented into Banks, Credit Unions and Thrifts. The Banks hold the largest market share in Enterprise Risk Management (ERM) market in 2022,  due to the sector's inherent complexity and regulatory requirements.

Regional Analysis

The global Enterprise Risk Management market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Enterprise Risk Management market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Enterprise Risk Management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Enterprise Risk Management market comprises of Middle East, Africa, and Latin America.

The largest market share for Enterprise Risk Management was maintained by the North American regional sector. North America holds the largest market share in the Enterprise Risk Management (ERM) market due to its mature economy, stringent regulatory environment, and a high level of awareness regarding risk management practices. The region's diverse industries, including finance, healthcare, and IT, drive the demand for comprehensive ERM solutions. Moreover, a proactive approach to cybersecurity, increasing instances of data breaches, and a focus on compliance contribute to the widespread adoption of ERM in North America, solidifying its position as a dominant market player.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the Enterprise Risk Management (ERM) market owing to its robust regulatory frameworks, especially in financial services and data protection. The region's diverse industries, including manufacturing and healthcare, prioritize risk mitigation and compliance. Increased awareness of the importance of ERM, coupled with a focus on addressing evolving threats, contributes to the significant adoption of ERM solutions. Europe's dynamic business landscape and the need for resilience against emerging risks further solidify its substantial presence in the ERM market.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the Enterprise Risk Management (ERM) market due to expanding economies, rapid industrialization, and a heightened focus on risk mitigation. Rising awareness of the importance of ERM, coupled with increasing regulatory pressures, drives the adoption of advanced risk management solutions. As businesses in Asia Pacific navigate dynamic markets and global uncertainties, the demand for comprehensive ERM tools grows, contributing to the region's remarkable growth in the market.

Furthermore, the rest of the world's Enterprise Risk Management market is divided into the Middle East, Africa, and Latin America. Rest of the World is growing in the Enterprise Risk Management (ERM) market due to increased awareness of the importance of risk management, rising regulatory pressures, and the globalization of businesses. As organizations seek comprehensive solutions to address diverse risks, the demand for ERM solutions is increasing in regions outside traditional markets.

Key Findings of the Study

• The global Enterprise Risk Management market is expected to reach USD 8.04 billion by 2032, at a CAGR of 5.20% during the forecast period.


• The Asia Pacific region is the fastest-growing in the Enterprise Risk Management (ERM) market due to rapid economic development, expanding business complexities, and a heightened focus on risk mitigation. Increasing regulatory requirements and a growing awareness of risk management drive the market's accelerated growth.


• Based on application, the banks segment was attributed to holding the largest market in 2022, with an approximate market share of 30–35%.


• IBM Corporation, SAP SE, Oracle Corporation, SAS Institute Inc., Moody's Corporation, Marsh & McLennan Companies, Inc., Aon plc, Fidelity National Information Services, Inc., Lockpath, a NAVEX Global Company and MetricStream Inc.