As per MRFR analysis, the India Enterprise Risk Management Market Size was estimated at 334.48 (USD Million) in 2023.The India Enterprise Risk Management Market is expected to grow from 400(USD Million) in 2024 to 800 (USD Million) by 2035. The India Enterprise Risk Management Market CAGR (growth rate) is expected to be around 6.504% during the forecast period (2025 - 2035).
The swift economic expansion of the nation and the growing intricacy of corporate operations are driving notable trends in the Indian enterprise risk management market. Growing organizational understanding of the value of risk management in maintaining long-term sustainability and regulatory compliance is one major market driver.Organizations must have strong risk management frameworks in light of the Companies Act and other rules issued by the Securities and Exchange Board of India (SEBI). This development emphasizes how important it is for businesses to recognize, evaluate, and successfully manage risks.
As businesses look for specialized tools and platforms to improve their risk management procedures, opportunities are opening up for service providers and tech solution firms. Demand for comprehensive risk management systems that make use of automation and advanced analytics is growing as companies from all industries embrace digital transformation.This trend supports the expansion of corporate risk management services by promoting the adoption of technology across many industries, which is in line with the Government of India's Digital India plan. According to recent trends, businesses are incorporating enterprise-wide risk management strategies into their strategic planning procedures and paying more attention to them.
This change enables firms to react quickly in a changing market environment and promotes a proactive approach to spotting possible dangers. Additionally, creating a risk-aware culture inside businesses and encouraging staff knowledge and training are clearly prioritized.
Companies are realizing that better decision-making and resistance to unanticipated obstacles may result from a thorough grasp of risk variables at all levels. All things considered, these developments raise the level of maturity of the Indian enterprise risk management market and emphasize its critical role in determining the dynamics of business in the future.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
In India, the regulatory landscape is evolving rapidly, with the introduction of stringent compliance measures across various industries. The Reserve Bank of India and the Securities and Exchange Board of India have mandated financial institutions and listed companies to adopt comprehensive risk management frameworks.
This has led to an increased demand for Enterprise Risk Management solutions among organizations striving to meet these compliance standards. According to a report from the Ministry of Corporate Affairs, over 30% of companies faced compliance issues leading to penalties in the last financial year, highlighting the necessity for effective risk management solutions.
Major organizations such as Tata Group and Infosys have already begun enhancing their risk management practices, positively influencing the growth of the India Enterprise Risk Management Market as they serve as benchmarks for other firms looking to adapt to these requirements.
The rise of digital transformation in Indian organizations has intensified the focus on cybersecurity, leading to an increased need for Enterprise Risk Management. A report from the Indian Computer Emergency Response Team indicated that India witnessed a staggering 200% increase in cyber incidents in the past two years alone.
As a result, businesses are investing significantly in risk management solutions to protect sensitive data and ensure business continuity. Companies like Wipro and HCL Technologies are developing advanced risk assessment tools that address these challenges, ultimately propelling the growth of the India Enterprise Risk Management Market as firms prioritize protecting their digital assets.
The pandemic has heightened awareness regarding the importance of business continuity and disaster recovery planning in India. According to the Federation of Indian Chambers of Commerce and Industry, over 60% of Indian businesses reported insufficient preparedness for unforeseen disruptions during the COVID-19 pandemic.
This has led organizations to re-evaluate their risk management strategies, fostering a growing interest in Enterprise Risk Management solutions that can help develop comprehensive business continuity plans.
Companies like Reliance Industries have already integrated robust risk management strategies to mitigate potential disruptions, emphasizing the critical role of comprehensive risk frameworks in ensuring long-term resilience and growth in the India Enterprise Risk Management Market.
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.
As the regulatory frameworks evolve and businesses continue to grow, there will be an increased focus on strengthening risk management practices across all types, thereby driving market growth and promoting a culture of resilience and sustainability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
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.
The India Enterprise Risk Management Market is continuously evolving, characterized by the increasing need for organizations to identify, assess, and mitigate risks in various aspects of their operations. As businesses become more complex and reliant on technology, the demand for effective risk management strategies has surged.
This has led to a competitive environment where various firms are vying for market share by offering innovative solutions and services tailored to the unique demands of Indian enterprises. The introduction of regulatory standards and the growing emphasis on corporate governance further propel the need for robust risk management frameworks.As a result, companies within this space are concentrating on enhancing their capabilities and expanding their offerings to stay ahead in the rapidly changing landscape.
In the realm of the India Enterprise Risk Management Market, SAP has solidified its position as a significant player, leveraging its wide array of software solutions and services that cater to risk management needs. The company's offerings include advanced technologies such as data analytics and cloud solutions, which support enterprises in identifying and mitigating risks proactively.SAP's established presence in India is bolstered by its commitment to innovation and ongoing investment in local partnerships, enhancing its market accessibility. With a strong focus on consumer needs, SAP delivers a comprehensive suite of risk management tools that streamline operations and improve decision-making processes across various sectors.
The company's competitive strengths lie not only in its innovative products but also in strategic mergers and acquisitions that have broadened its capability to address evolving risks while ensuring that Indian enterprises benefit from global best practices adapted for the local context.
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.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 334.48(USD Million) |
| MARKET SIZE 2024 | 400.0(USD Million) |
| MARKET SIZE 2035 | 800.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.504% (2025 - 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 | Zinnov, SAP, Capgemini, RiskPro, Wipro, Infosys, PwC, KPMG, HCL Technologies, Ernst & Young, Tata Consultancy Services, Deloitte, SAS, Oracle, IBM |
| SEGMENTS COVERED | Type, Application |
| KEY MARKET OPPORTUNITIES | Increased regulatory compliance demands, Growing cybersecurity threats management, Expansion of digital transformation initiatives, Adoption of cloud-based risk solutions, Rising awareness of risk mitigation strategies |
| KEY MARKET DYNAMICS | Regulatory compliance requirements, Increasing cyber threats, Growing awareness of risks, Technological advancements, Demand for integrated solutions |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Enterprise Risk Management Market is expected to be valued at 800.0 million USD by 2035.
The expected CAGR for the India Enterprise Risk Management Market from 2025 to 2035 is 6.504%.
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.
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.
Operational Risk and Strategic Risks comprise substantial shares in the India Enterprise Risk Management Market.
The key players include Zinnov, SAP, Capgemini, RiskPro, Wipro, and Infosys among others.
The Operational Risk segment is expected to grow from 95.0 million USD in 2024 to 190.0 million USD by 2035.
The Strategic Risks segment is valued at 115.0 million USD in 2024 and projected to be 230.0 million USD in 2035.
Increasing regulatory requirements and rising awareness of risk management practices are key growth drivers for the market.
The market faces challenges like data security concerns and the evolving nature of risks associated with digital transformation.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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