Business Continuity Management Program Solutions Market Size to Grow USD 2550 Million by 2030 at a CAGR of 8.5% | Valuates Reports

News provided by

Jun 18, 2024, 10:23 ET

BANGALORE, India, June 18, 2024 /PRNewswire/ -- Business Continuity Management Program Solutions Market is Segmented by Type (Cloud Based, Web Based), by Application (Large Enterprises, SMEs).

The Global Business Continuity Management Program Solutions Market was valued at USD 1478 Million in 2023 and is anticipated to reach USD 2550 Million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-6P2785/Global_Business_Continuity_Management_Program_Solutions_Market_Insights_Forecast_to_2028

Major Factors Driving the Growth of Business Continuity Management Program Solutions Market:

The rising frequency of cyberattacks, natural catastrophes, and other disruptions endangering organizational operations is fueling the rise of the market for business continuity management (BCM) program solutions. Companies are investing more in BCM solutions to maintain continuous operations as a result of placing a higher priority on risk management and resilience. Regulatory mandates and the increasing awareness of the financial consequences of downtime are further driving companies to implement extensive BCM systems. The move to cloud-based solutions, which are easier to integrate and scale, is what's driving the market's growth.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-6P2785/global-business-continuity-management-program-solutions

TRENDS INFLUENCING THE GROWTH OF BUSINESS CONTINUITY MANAGEMENT PROGRAM SOLUTIONS MARKET:

One major reason propelling the market for Business Continuity Management (BCM) program solutions is the growing awareness of operational hazards. Businesses in a wide range of sectors are realizing how crucial it is to be ready for unforeseen events that can affect operations. Natural catastrophes, cyberattacks, pandemics, and supply chain disruptions are a few examples of these disturbances. The need for all-inclusive BCM solutions that can assist enterprises in identifying vulnerabilities, creating backup plans, and guaranteeing business continuity in the event of unanticipated occurrences is growing as a result of increased awareness of these risks. Businesses invest in BCM solutions in response to this increased awareness, which propels market expansion as they want to protect their operations and reduce operational risks.

Two important factors driving the market for BCM solutions are regulatory compliance and adherence to industry standards. Globally, governments and regulatory agencies are progressively requiring firms to establish comprehensive business continuity and disaster recovery plans in order to safeguard stakeholders and preserve stability in vital industries. Businesses must have efficient BCM strategies in order to comply with regulations like the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and several financial industry requirements. Adopting BCM solutions that guarantee regulatory compliance is necessary for enterprises, as non-compliance can lead to serious penalties and brand harm. This regulatory effort raises the bar for corporate resilience generally and promotes market expansion.

Another significant element driving the market for BCM program solutions is the increase in cyber threats. The operations of businesses and the security of their data are seriously threatened by cyberattacks such as ransomware, phishing, and data breaches. To guard against data loss, operational outages, and monetary losses, strong BCM solutions must be put in place due to the assaults' growing frequency and sophistication. BCM solutions give businesses the instruments they need to create and carry out successful cybersecurity plans, regularly evaluate risks, and guarantee quick recovery in the case of a cyberattack. The growing requirement for comprehensive BCM programs due to the ongoing increase in cyber threats is propelling the market's expansion.

Advanced BCM solutions are becoming more and more necessary as business operations in a globalized environment get more complex. Contemporary enterprises function within interconnected settings featuring complex supply chains, heterogeneous stakeholder networks, and multifarious operational procedures. Because of this complexity, there is a greater chance of interruptions, which calls for thorough BCM strategies that can handle a range of possible outcomes. BCM solutions assist businesses in mapping their essential tasks, determining dependencies, and creating backup plans that guarantee business continuity in all areas. Adoption of BCM solutions is mostly driven by an organization's need to monitor and mitigate risks in a complex operational landscape as they attempt to remain resilient in the face of ever-increasing business complexity.

Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6P2785&lic=single-user

BUSINESS CONTINUITY MANAGEMENT PROGRAM SOLUTIONS MARKET SHARE:

There is currently competition among numerous areas for market domination in Business Continuity Management Program Solutions, with North America emerging as a formidable challenger. Data is extremely important to North American firms, especially those in the technology and finance sectors. Strong BCM programs are crucial due to regulations and the rise in cyber threats, which is propelling market expansion. Compared to certain emerging markets, North America has a longer history of placing a high priority on company continuity. This results in a greater number of businesses currently looking for cutting-edge BCM solutions.

Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-6P2785/Global_Business_Continuity_Management_Program_Solutions_Market_Insights_Forecast_to_2028

Key Companies:

Fusion Risk Management
Assurance Software
Index Engines Avalution Consulting
SAI Global (Strategic BCP)
Dell Technologies (RSA)
Continuity Logic
Assurance Software (ClearView)
RecoveryPlanner
Quantivate
BC in the Cloud
LockPath
Premier Continuum

Purchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-6P2785/Global_Business_Continuity_Management_Program_Solutions_Market_Insights_Forecast_to_2028

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

- Sales Tech market was valued at USD 36650 Million in 2023 and is anticipated to reach USD 104470 Million by 2030, witnessing a CAGR of 16.3% during the forecast period 2024-2030.

- Employer of Record Platform market was valued at USD 4299.1 Million in 2023 and is anticipated to reach USD 6604.4 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.

- Business Process Outsourcing (BPO) Services Market

- Business Process Automation (BPA) Market

- Employee Engagement and Feedback Software Market

- Recruitment Process Outsourcing (RPO) Market

- The global supply chain management market was valued at USD 27.2 Billion in 2022, and is projected to reach USD 75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

- The global market for Passenger Information System was estimated to be worth USD 1546.9 Million in 2023 and is forecast to a readjusted size of USD 3280.2 Million by 2030 with a CAGR of 11.2% during the forecast period 2024-2030.

- The global corporate training market was valued at USD 332.9 Billion in 2019, and is projected to reach USD 487.3 Billion by 2030, growing at a CAGR of 8% from 2021 to 2030.

- Corporate Wellness Solution Market

- Business Intelligence Market

- Fleet Management Market

- According to a new report published by , titled, "AI Trust, Risk and Security Management Market," The ai trust, risk and security management market was valued at USD 1.7 Billion in 2022, and is estimated to reach USD 7.4 Billion by 2032, growing at a CAGR of 16.2% from 2023 to 2032.

- Teamwork Consulting Service Market

- Record Management Services Market

- The global Computerized Maintenance Management Information System (CMMIS) Software market was valued at USD 949 Million in 2023 and is anticipated to reach USD 1956 Million by 2030, witnessing a CAGR of 10.3% during the forecast period 2024-2030.

- Entrepreneurial Performance Management Market

- Parking Space Management Market

- Cloud Business Software Market

- Desktop Virtualization Market

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
https://valuatesreportspanish.blogspot.com/
https://valuateskorean.blogspot.com/
https://valuatesgerman.blogspot.com/
https://valuatesreportjapanese.blogspot.com/