Europe Risk Management Market Thumbnail Image


Europe Risk Management Market

Europe Risk Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Deployment Mode, Organization Size, Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2030.

IC : Software and Services

Select an option
Author's: Rachita Rake & Shreyas Wadodkar | Onkar Sumant
Publish Date:

Get Sample to Email

Europe Risk Management Market Statistics: 2030

The Europe risk management market size was valued at $2,626.03 million in 2020, and is projected to reach $15,152.87 million by 2030, growing at a CAGR of 19.2% from 2021 to 2030.

Key objective of risk management software is to closely monitor and control different types of risks, which an organization faces due to various types of compliances. The main purpose of the software is to identify a risk, reduce its impact, and efficiently manage it. In addition, numerous benefits, such as efficient decision-making, realistic expectations, escalation, and focus on risk, associated with risk management software are the lucrative factors that boost the market growth. The market is moderately concentrated and companies are focusing on leveraging new technologies for offering advance solutions for risk management to meet evolving user requirements. Key players have adopted various growth strategies to enhance and develop their product portfolio, garner maximum market share, and increase their market penetration. Furthermore, constant need has been witnessed for technological advancements in businesses to adjust with the increasing cyber-attacks and incidences of theft of assets and information. Hence, owing to which the adoption of risk management software is expected to increase in the upcoming years


On the basis of organizational size, the large-scale enterprise segment dominated the overall Europe risk management industry in 2020, and is expected to continue this trend throughout the forecast period. This is due to an increase in the adoption of risk management software by enterprises to gain strategic and a competitive advantage over their competitors. Customer’s uses risk management software to protect large-scale diverse data, including historical and recent data from sudden external attack. Furthermore, risk management continues to become mainstream, as more large enterprises are considering the extraction capabilities for protecting valuable data and assets, which is opportunistic for the Europe risk management market. However, the small and medium scale enterprise segment is expected to grow the most, and this trend is expected to continue during the forecast period. The small and medium scale businesses are shifting their business to a digital platform, small scale businesses are using risk management solutions for a number of uses and it is helping them to become more productive, smarter, and efficient.

Depending on the deployment model, the on-premise segment captured the largest share in 2020 and is expected to continue this trend during the forecast period. This is due to the numerous advantages offered by this on-premise deployment such as a high level of data security and safety this will create Europe risk management market growth in future. However, the cloud segment is expected to witness the highest growth in the upcoming years. As a cloud deployment requires no investment in IT infrastructure as all data is stored on cloud server, which increases the demand for risk management software in small and medium scale organizations. 

The report focuses on the growth prospects, restraints, and Europe risk management Market analysis. The study uses Porter’s five forces analysis of the enterprise application industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the Europe risk management Market trends.

Segment Review

The Europe risk management industry is segmented on the basis of component, deployment model, organization size, industry vertical, and country. In terms of component, it is segmented into software and services. In terms of deployment model, it is segmented into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. By industry vertical, it is classified into BFSI, IT & telecom, retail, healthcare, energy & utilities, manufacturing, government & defense, and others. By country, it is analyzed across the UK, Germany, France, Italy, Spain, and rest of Europe.

Impact of COVID-19 on the Europe Risk Management Market trends

As per Europe risk management Market forecast the post COVID-19, the Europe risk management market size was valued at $ 3,113.42 Million in 2021 and is projected to reach $15,152.87 Million by 2030, growing at a CAGR of 19.2% from 2020 to 2030.

Europe Risk Management Market
By Component
Your browser does not support the canvas element.

Service segment is projected as one of the most lucrative segments.

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has moderate impact on growth of the market as auditors of various industries are adopting risk management software to solve various compliances and other audit related issues of an organization. In addition, various companies across Europe have adopted bring your own device (BYOD) culture or work from home culture in their organizations, which have become a major threat, owing to surge in cyber-attacks and data thefts in companies. Thus, to prevent such attacks, companies are adopting risk management software, which positively impacts growth of the market. Furthermore, various banks and financial institute have noted that there is a rise in phishing attacks since mid of February 2020. Thus, to control such attacks, banks and financial institutes are using risk management software, which provides growth opportunities for the Europe risk management market. 

Although COVID-19 has severely impacted various industries, the European risk management market is expected to witness moderately positive impact of COVID-19, owing to major shift toward digital transformation, increase in investments in cloud-based risk management solutions, and surge in need for tracking real-time risk associated with organizations. The risk management market is anticipated to recover the loss incurred and gain profit by the third quarter of 2022. In addition, while estimating the market size, AMR has considered the impact of COVID-19 on each country, and the estimated numbers are completely dependent on the current ongoing situation of COVID-19 in each country. However, there is still no clarity on deeper impact that it has across businesses, industrial sectors, and organizations, owing to factors such as continuous increase in number of COVID-19 cases with different rates and changes in lockdown period.

Europe Risk Management Market
By Deployment Mode
Your browser does not support the canvas element.

Cloud segment is projected as one of the most lucrative segments.

Top Impacting Factors    

Surge in data security breaches across enterprises and increase in stringent government regulatory compliances across Europe are the key factors that drive growth of the market. In addition, rise in adoption of risk management in FinTech industries and growth in IoT landscape across Europe positively impacts growth of the market. However, high cost and complexity in installation and configuration of the software and less security provided by risk management hamper growth of the market. Furthermore, rise in demand from developing economies and integration of artificial intelligence in risk management are expected to provide major opportunities for growth of the Europe risk management market during the forecast period. 

Increase in data and security concerns among enterprises

Significant rise in cyber-crime and data breaches in enterprises have been recorded in recent years. For instance, in June 2020, according to a study conducted by cybersecurity ventures, average cost of cybercrime in Europe countries has increased nearly to $57,000 in 2020, and is expected to rise further. In addition, lack of skilled IT professionals and highly skilled hackers or adversaries lead to surge in cyber-crimes and security breaches in organizations. Thus, many organizations are aware of the need for comprehensive data security strategy, which can protect their customers, employees, and important data from various security breaches. Furthermore, according to a survey conducted by Kaspersky in 2018, around 48% of small & medium size enterprises (SMEs) faced data theft, owing to absence of systems for controlling and tracking sensitive data in enterprises. Different enterprises also adopt risk management solutions, owing to rise in number of data breaches and lack of security within an organization to prevent unauthorized access to enterprise information without their consent. As a result, rise in number of data and security breaches in enterprises drive the market growth

Europe Risk Management Market
By Country
Rest of Europe

Spain is projected as one of the most lucrative Country.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Europe risk management Market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the Europe risk management market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Europe risk management market.
  • The quantitative analysis of the Europe risk management market share from 2020 to 2030 is provided to determine the Europe risk management market potential.    

Europe Risk Management Market Report Highlights

Aspects Details
  • BFSI
  • UK
Key Market Players


Analyst Review

In accordance with several interviews that were conducted with top level CXOs, adoption of risk management software has increased over time to deliver enterprises a better risk management strategy as it is widely recognized as a success factor for various financial institutions. In addition, ability of software to identify different threats to prevent possible negative events on business is increasing its popularity among end users. Furthermore, various governments across the region are introducing supportive policies regarding risk management software, which increases demand for this software in various industries. Moreover, ability of the software to protect confidentiality of digital data stored and transmitted over the internet increases its popularity among end users. Furthermore, technological advancements and increase in awareness among consumers are expected to lead to a rapid growth of the market during the forecast period.

Key providers of risk management software such as IBM Corporation, SAP SE, SAS Institute, and LogicGate, Inc. account for a significant share in the market. According to the industry experts, although risk management software is not a new technology, it is still expected to witness increased adoption in the coming years, owing to rise in use of risk management software by various industries and surge in need to streamline business by risk management vendors. In addition, small businesses are the major users of risk management software. Therefore, increase in number of small businesses in developing nations, such as UK, Germany, France and Italy, is expected to provide lucrative opportunity for the market growth. For instance, in April 2021, SAP SE partnered with Munich based financial institute Dediq GmbH for working together to work on financial risk management software, which would help to provide seamless and threats free financial service to customer

Author Name(s) : Rachita Rake & Shreyas Wadodkar | Onkar Sumant

Loading Table Of Content...

Europe Risk Management Market

Global Opportunity Analysis and Industry Forecast, 2021-2030.