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    India Enterprise Risk Management Market

    ID: MRFR/ICT/58130-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    India Enterprise Risk Management Market Research Report By Type (Hazard Risk, Financial Risk, Operational Risk, Strategic Risks) and By Application (Banks, Credit Unions, Thrifts)- Forecast to 2035

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    India Enterprise Risk Management Market Summary

    As per MRFR analysis, the India Enterprise Risk Management Market Size was estimated at 352.43 USD Million in 2024. The India enterprise risk-management market is projected to grow from 370.72 USD Million in 2025 to 614.69 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.19% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The India The enterprise risk-management market is experiencing a transformative shift. This shift is driven by technological integration and regulatory demands.

    • The integration of technology in risk management is reshaping traditional practices, enhancing efficiency and accuracy.
    • Regulatory compliance remains a critical focus, as organizations strive to meet evolving legal requirements and standards.
    • The emphasis on resilience and business continuity is becoming increasingly vital for organizations to navigate uncertainties.
    • Key market drivers include growing awareness of risk management and increased regulatory scrutiny, particularly in the context of cybersecurity risks.

    Market Size & Forecast

    2024 Market Size 352.43 (USD Million)
    2035 Market Size 614.69 (USD Million)

    Major Players

    Deloitte (US), PwC (GB), KPMG (NL), EY (GB), IBM (US), SAP (DE), Risk Management Solutions (US), LogicManager (US)

    India Enterprise Risk Management Market Trends

    The enterprise risk-management market is currently evolving. This evolution is driven by the increasing complexity of business environments and the necessity for organizations to navigate various risks effectively. In India, the demand for robust risk management frameworks is growing, as companies recognize the importance of identifying, assessing, and mitigating potential threats to their operations. This shift is influenced by regulatory changes, technological advancements, and a heightened awareness of the need for resilience in the face of uncertainties. As organizations strive to enhance their risk management capabilities, they are increasingly adopting integrated solutions that encompass various aspects of risk, including financial, operational, and reputational factors. Moreover, the enterprise risk-management market is likely to witness further growth as businesses seek to align their risk strategies with overall corporate objectives. The integration of advanced analytics and artificial intelligence into risk management processes appears to be a key trend, enabling organizations to make data-driven decisions and respond proactively to emerging risks. Additionally, the emphasis on compliance with regulatory requirements is expected to drive investments in risk management solutions. As the landscape continues to evolve, organizations in India are poised to leverage innovative approaches to enhance their risk management practices, ensuring they remain competitive and resilient in an ever-changing environment.

    Integration of Technology in Risk Management

    The enterprise risk-management market is increasingly incorporating advanced technologies such as artificial intelligence and machine learning. These innovations facilitate better data analysis, enabling organizations to identify potential risks more effectively and respond in real-time. This trend suggests a shift towards more proactive risk management strategies.

    Regulatory Compliance and Risk Management

    With the evolving regulatory landscape, organizations are placing greater emphasis on compliance as a critical component of their risk management strategies. This trend indicates that businesses are investing in solutions that not only address risks but also ensure adherence to legal and regulatory requirements.

    Focus on Resilience and Business Continuity

    Organizations are recognizing the importance of resilience in their risk management frameworks. This trend highlights a growing commitment to developing comprehensive business continuity plans that address potential disruptions, ensuring that operations can continue smoothly in the face of unforeseen challenges.

    India Enterprise Risk Management Market Drivers

    Focus on Cybersecurity Risks

    The rising threat of cyberattacks is a significant driver of the enterprise risk-management market in India. As organizations increasingly rely on digital platforms, the potential for cyber risks has escalated, prompting businesses to prioritize cybersecurity within their risk management strategies. The enterprise risk-management market is adapting to this need by offering specialized solutions that address cybersecurity threats. According to industry reports, the cybersecurity market in India is projected to reach $3 billion by 2025, indicating a growing recognition of the importance of safeguarding digital assets. This focus on cybersecurity is likely to drive demand for integrated risk management solutions that encompass both traditional and cyber risks, thereby enhancing overall organizational resilience.

    Increased Regulatory Scrutiny

    The enterprise risk-management market in India is experiencing growth due to increased regulatory scrutiny across various sectors. Regulatory bodies are imposing stricter compliance requirements, compelling organizations to adopt robust risk management frameworks. This trend is particularly pronounced in the financial services sector, where regulations such as the Reserve Bank of India's guidelines necessitate comprehensive risk assessments. As organizations strive to meet these regulatory demands, the enterprise risk-management market is likely to benefit from heightened investments in compliance solutions. It is estimated that compliance-related expenditures could account for up to 30% of total risk management budgets in the coming years. This shift underscores the critical role of effective risk management in ensuring compliance and maintaining operational integrity.

    Growing Awareness of Risk Management

    The increasing awareness of risk management among organizations in India is driving the enterprise risk-management market. Companies are recognizing the importance of identifying, assessing, and mitigating risks to ensure business continuity and sustainability. This awareness is reflected in the rising investments in risk management solutions, which are projected to reach approximately $1.5 billion by 2026. As organizations strive to enhance their risk management frameworks, the demand for comprehensive enterprise risk-management market solutions is likely to grow. This trend is particularly evident in sectors such as finance, healthcare, and manufacturing, where the potential impact of risks can be substantial. Consequently, the enterprise risk-management market is expected to expand as businesses prioritize risk management as a critical component of their strategic planning.

    Emphasis on Sustainable Business Practices

    The enterprise risk-management market is influenced by the increasing emphasis on sustainable business practices in India. Organizations are recognizing that sustainability is not only a moral imperative but also a critical component of risk management. By integrating environmental, social, and governance (ESG) factors into their risk management frameworks, companies can better anticipate and mitigate risks associated with sustainability challenges. This trend is reflected in the growing number of businesses adopting ESG reporting standards, which is expected to rise by 40% by 2026. As organizations align their risk management strategies with sustainability goals, the enterprise risk-management market is likely to see a corresponding increase in demand for solutions that facilitate this integration.

    Technological Advancements in Risk Assessment

    Technological advancements are significantly influencing the enterprise risk-management market in India. The integration of artificial intelligence (AI), machine learning (ML), and big data analytics into risk assessment processes is enhancing the ability of organizations to identify and mitigate risks effectively. These technologies enable real-time monitoring and predictive analytics, allowing businesses to respond proactively to potential threats. As a result, the enterprise risk-management market is witnessing a surge in demand for innovative solutions that leverage these technologies. According to estimates, the market for AI-driven risk management solutions is expected to grow at a CAGR of over 20% through 2025. This trend indicates a shift towards more sophisticated risk management practices, positioning organizations to better navigate the complexities of the modern business environment.

    Market Segment Insights

    Enterprise Risk Management Market Type Insights

    The India Enterprise Risk Management Market is seeing steady growth and diversification through various types of risks that organizations face in today's complex business environment. Notably, the market is categorized into several distinct types, each addressing specific vulnerabilities that enterprises must manage effectively.

    Hazard risk encompasses those risks that arise from physical threats, including natural disasters and accidents, making it critical for organizations to develop robust plans for disaster recovery and continuity. With India's growing economy and increasing investments in infrastructure, addressing hazard risks becomes even more pertinent to safeguard assets and ensure business resilience.Financial risk remains a dominant concern for both large corporations and small businesses. Fluctuations in the economy, exchange rates, and interest rates pose considerable challenges; thus, organizations are increasingly adopting strategies to mitigate financial uncertainties.

    This has prompted a rise in the implementation of risk management frameworks that leverage data analytics to improve financial forecasting and compliance, which further drives the India Enterprise Risk Management Market revenue.Operational risk, which includes risks arising from internal processes, people, and systems, is another significant area of focus. As businesses continue to digitize and optimize their operations, understanding and mitigating operational risks has become crucial.

    The rise in cyber threats and data breaches makes it essential for organizations to invest in technology and training to safeguard their operations and ensure smooth functionality, which aligns with the broader trends of digital transformation within the Indian market.Strategic risks, which deal with uncertainties that can impact an organization’s ability to achieve its goals, are also gaining attention. In an era defined by rapid changes driven by technological advances and market dynamics, businesses must navigate new challenges such as shifting consumer preferences and regulatory environments.

    Fostering a proactive approach to risk management allows organizations to adapt their strategies and seize emerging opportunities effectively. Successful management of strategic risks is vital, as it not only protects resources but also enhances decision-making processes that influence long-term performance.Overall, the segmentation of the India Enterprise Risk Management Market reflects the multifaceted nature of organizational risks in today's business landscape. Each type plays a vital role in shaping the strategies organizations adopt to overcome challenges and exploit market potential.

    Enterprise Risk Management Market Application Insights

    The Application segment of the India Enterprise Risk Management Market focuses on critical sectors such as Banks, Credit Unions, and Thrifts, which play a pivotal role in the financial ecosystem of the nation.With India's banking sector being one of the largest in the world, enterprises in this space require comprehensive risk management solutions to mitigate various risks, including operational, credit, and market risks.

    Banks utilize Enterprise Risk Management frameworks to ensure regulatory compliance and protect their assets, significantly influencing decision-making processes and enhancing overall operational integrity.Credit Unions and Thrifts, while smaller in size, are equally important as they serve specific communities and members, necessitating tailored risk management strategies to address their unique challenges and opportunities. The growing need for compliance with stringent regulations and the need to maintain consumer trust further elevate the importance of effective risk management in these institutions.

    As digital transformation accelerates in India, these segments face both opportunities and challenges, thus pushing them towards adopting innovative risk management techniques to navigate emerging threats while capitalizing on market potential.Overall, the Application segment demonstrates significant market growth potential driven by the evolving landscape of risk management needs among banks and credit-oriented institutions.

    Get more detailed insights about India Enterprise Risk Management Market

    Key Players and Competitive Insights

    The enterprise risk-management market in India is currently characterized by a dynamic competitive landscape, driven by increasing regulatory requirements and the growing complexity of business operations. Major players such as Deloitte (US), PwC (GB), and KPMG (NL) are strategically positioned to leverage their extensive expertise in risk assessment and management. These firms are focusing on digital transformation and innovation, which are essential for addressing the evolving needs of clients. Their collective strategies not only enhance their service offerings but also contribute to a more competitive environment, as they continuously adapt to the changing risk landscape.

    Key business tactics employed by these firms include localizing services to better meet regional demands and optimizing their supply chains to enhance efficiency. The market appears moderately fragmented, with a mix of large multinational corporations and smaller specialized firms. This structure allows for a diverse range of services, although the influence of key players remains significant in shaping market trends and client expectations.

    In October 2025, Deloitte (US) announced a strategic partnership with a leading technology firm to enhance its risk analytics capabilities. This collaboration is expected to integrate advanced AI tools into their risk management solutions, thereby improving predictive analytics and decision-making processes for clients. Such a move underscores Deloitte's commitment to innovation and positions it favorably in a market increasingly driven by technology.

    In September 2025, PwC (GB) launched a new suite of risk management services tailored specifically for the financial sector. This initiative aims to address the unique challenges faced by financial institutions in managing regulatory compliance and operational risks. By focusing on this niche, PwC is likely to strengthen its market presence and attract a broader client base, reflecting a strategic shift towards sector-specific solutions.

    In August 2025, KPMG (NL) expanded its risk management consulting services through the acquisition of a local firm specializing in cybersecurity. This acquisition not only enhances KPMG's service portfolio but also indicates a growing recognition of the importance of cybersecurity in enterprise risk management. The integration of these services is expected to provide clients with a more comprehensive approach to risk mitigation, aligning with current market demands.

    As of November 2025, the competitive trends in the enterprise risk-management market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing service delivery. Looking ahead, it is anticipated that competitive differentiation will evolve, with a shift from traditional price-based competition towards a focus on technological innovation, reliability in supply chains, and the ability to provide tailored solutions that meet the specific needs of clients.

    Key Companies in the India Enterprise Risk Management Market market include

    Industry Developments

    During its SAP NOW AI Tour in April 2025, SAP India presented use cases for AI-powered risk management. These use cases included automated risk workflows integrated into SAP Business Cloud, predictive forecasting, and natural language compliance monitoring, indicating active adoption across industries such as IT, manufacturing, and finance.

    Using AI-driven risk assessment tools like MigrateX to reduce disruption and improve operational resilience, Deloitte India launched in January 2025 a Near Zero Cost Migration initiative with SAP and AWS to expedite business transitions to cloud-based RISE with SAP S/4HANA.In order to assist infrastructure and financial institutions, PwC India introduced an ERM-as-a-Service offering in February 2025 that was aimed at vital industries. It included frameworks that were in line with ISO 31000 with scenario simulation and real-time risk dashboards.

    Aon India previously launched its life and health reinsurance business in March 2024, offering sophisticated risk modeling and capital optimization services specifically designed for Indian insurers.Last but not least, Capgemini India strengthened enterprise-wide risk frameworks through unified portals and compliance procedures by implementing credit risk analytics systems utilizing Oracle and SAS technologies in late 2024 in collaboration with regional banks.

    These advancements highlight India's quickly changing ERM ecosystem, which is marked by cloud-led risk migration initiatives, AI-enhanced platforms, SaaS-based consulting services, and data-driven capital solutions that are in line with national business and regulatory agendas.

    Future Outlook

    India Enterprise Risk Management Market Future Outlook

    The enterprise risk-management market in India is projected to grow at a 5.19% CAGR from 2024 to 2035, driven by regulatory compliance, technological advancements, and increasing awareness of risk mitigation.

    New opportunities lie in:

    • Development of AI-driven risk assessment tools for real-time analytics.
    • Integration of blockchain technology for enhanced data security and transparency.
    • Expansion of risk management consulting services tailored for SMEs.

    By 2035, the enterprise risk-management market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    India Enterprise Risk Management Market Type Outlook

    • Hazard Risk
    • Financial Risk
    • Operational Risk
    • Strategic Risks

    India Enterprise Risk Management Market Application Outlook

    • Banks
    • Credit Unions
    • Thrifts

    Report Scope

    MARKET SIZE 2024 352.43(USD Million)
    MARKET SIZE 2025 370.72(USD Million)
    MARKET SIZE 2035 614.69(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.19% (2024 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Million
    Key Companies Profiled Deloitte (US), PwC (GB), KPMG (NL), EY (GB), IBM (US), SAP (DE), Risk Management Solutions (US), LogicManager (US)
    Segments Covered Type, Application
    Key Market Opportunities Integration of advanced analytics and artificial intelligence in the enterprise risk-management market.
    Key Market Dynamics Growing regulatory scrutiny drives demand for comprehensive enterprise risk-management solutions in India.
    Countries Covered India

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    FAQs

    What is the projected market size of the India Enterprise Risk Management Market by 2035?

    The India Enterprise Risk Management Market is expected to be valued at 800.0 million USD by 2035.

    What is the expected compound annual growth rate (CAGR) for the India Enterprise Risk Management Market from 2025 to 2035?

    The expected CAGR for the India Enterprise Risk Management Market from 2025 to 2035 is 6.504%.

    What was the market value for Hazard Risk in 2024, and what is it expected to be in 2035?

    The market value for Hazard Risk in 2024 is 90.0 million USD, and it is anticipated to reach 180.0 million USD by 2035.

    What is the size of the Financial Risk segment in the India Enterprise Risk Management Market for the years 2024 and 2035?

    The Financial Risk segment is valued at 100.0 million USD in 2024 and is expected to grow to 200.0 million USD by 2035.

    Which segments constitute the largest share in the India Enterprise Risk Management Market?

    Operational Risk and Strategic Risks comprise substantial shares in the India Enterprise Risk Management Market.

    Who are the prominent players in the India Enterprise Risk Management Market?

    The key players include Zinnov, SAP, Capgemini, RiskPro, Wipro, and Infosys among others.

    What growth is anticipated for the Operational Risk segment between 2024 and 2035?

    The Operational Risk segment is expected to grow from 95.0 million USD in 2024 to 190.0 million USD by 2035.

    How much is the Strategic Risks segment valued at in 2024 and what is its forecasted value in 2035?

    The Strategic Risks segment is valued at 115.0 million USD in 2024 and projected to be 230.0 million USD in 2035.

    What are the primary growth drivers for the India Enterprise Risk Management Market?

    Increasing regulatory requirements and rising awareness of risk management practices are key growth drivers for the market.

    What challenges does the India Enterprise Risk Management Market currently face?

    The market faces challenges like data security concerns and the evolving nature of risks associated with digital transformation.

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