Back to today’s briefing

Story perspectives

Global Risk Management Market Set for 15.7% Growth

2/16/2025

44 9

Summary

Story summary

The global risk management market is expected to grow from $7.42 billion in 2023, with a 15.7% CAGR through 2030.
Vendor breaches rose to 29% of claims in early 2024, up from 15% in early 2023.
Significant incidents in 2024 included a ransomware attack on Change Healthcare impacting 100 million people.
Companies should adopt robust vendor contracts, cyber insurance, incident response plans, and employee training to reduce risks.

1 of 1

Story summary

The global risk management market is expected to grow from $7.42 billion in 2023, with a 15.7% CAGR through 2030.
Vendor breaches rose to 29% of claims in early 2024, up from 15% in early 2023.
Significant incidents in 2024 included a ransomware attack on Change Healthcare impacting 100 million people.
Companies should adopt robust vendor contracts, cyber insurance, incident response plans, and employee training to reduce risks.