USD 503.96 mn Growth in Business Continuity Management Solutions Market | Technavio
NEW YORK, Feb. 1, 2022 /PRNewswire/ -- The latest business continuity management solutions market report by Technavio infers that the growing demand for business continuity management solutions from various industries is driving this market's growth, resulting in market growth of USD 503.96 mn from 2020 to 2025.
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The business continuity management solutions market covers the following areas:
Business Continuity Management Solutions Market Sizing
Business Continuity Management Solutions Market Forecast
Business Continuity Management Solutions Market Analysis
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Dell Technologies Inc., International Business Machines Corp., LogicManager Inc., MetricStream Inc., Microsoft Corp., NAVEX Global Inc., Quantivate LLC, SAI Global Pty. Ltd., SAP SE, and X2nSat Inc. among others are some of the few key vendors competing to maintain their market position in the market. The key offerings of some of these vendors are mentioned below:
- Dell Technologies Inc. - The company offers solutions for business continuity management that provide strategic alignment to business objectives, recovery of business process after cyber attack, and exclusive service support.
- International Business Machines Corp. - The company offers solutions for business continuity management that provide business continuity planning, IT data backup and disaster recovery strategy, crisis management team, maintenance and testing.
- LogicManager Inc. - The company offers solutions for business continuity management with products like disaster scenario planning exercise and testing software, event response software, business impact analysis, BCP development software.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by End-user:
- Large Enterprise:
- The large enterprise segment contributed largely to the overall market growth in 2020.
- SME
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Regional Market Outlook
North America will contribute to 48% of the market growth during the forecast period. The growth of this region can be attributed to the rising incidence of cyberattacks. If we look at the country-wise market growth, the US will contribute to the highest market growth in the region.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers and Challenges Impacting the Business Continuity Management Solutions Market
- Market Driver:
- Growing demand for business continuity management solutions from various industries:
The adoption of business continuity management solutions by end-user industries, such as banking, financial services, and insurance (BFSI), retail, manufacturing, IT and telecom, and healthcare, has increased significantly.
- Market Challenge:
- System integration and interoperability issues:
The adoption of advanced technologies in many industry verticals, such as the BFSI, telecom, transportation, and public sectors, is increasing significantly, which is rising system integration and interoperability issues. Many organizations face integration problems while implementing business continuity management software.
Find additional information about various other market drivers & challenges mentioned in our FREE sample report.
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Business Continuity Management Solutions Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 15.82% |
Market growth 2021-2025 | USD 503.96 million |
Market structure | Fragmented |
YoY growth (%) | 15.00 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | North America at 48% |
Key consumer countries | US, China, Germany, UK, and France |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Dell Technologies Inc., International Business Machines Corp., LogicManager Inc., MetricStream Inc., Microsoft Corp., NAVEX Global Inc., Quantivate LLC, SAI Global Pty. Ltd., SAP SE, and X2nSat Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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