Business Continuity Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Offering (Solutions (Crisis Management, Risk Management, Audit Management, Government, Risk and Compliance (GRC), Others) and Services (Professional, Managed)), By Organization Size (Small & Medium Enterprise (SMEs), Large Enterprises), By Application (Business Continuit
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationBusiness Continuity Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Offering (Solutions (Crisis Management, Risk Management, Audit Management, Government, Risk and Compliance (GRC), Others) and Services (Professional, Managed)), By Organization Size (Small & Medium Enterprise (SMEs), Large Enterprises), By Application (Business Continuit
The global business continuity management (BCM) market is predicted to proliferate during the forecast period due to the growing adoption of business continuity management in end user industries such as BFSI, IT & telecom, among others. The companies are progressively using this technology to improve disaster recovery, cost savings, improve efficiency, effectively identify and mitigates threats, helps organizations meet industry standards and comply with regulations and among others. The solution offers capabilities for availability risk assessment, business impact analysis (BIA), resource/asset dependency mapping, recovery plan management, exercise, and crisis management, and BCM planning management metrics and analysis. Service providers are able to provide an effective solution to businesses that are enhancing the features of business continuity management. By utilising a variety of innovations made to strengthen the company's present continuity framework, it is possible to find places where it may be improved, perhaps reducing the disastrous financial effects of a future crisis.
Business continuity management refers to the ability of a company to continue offering goods or services at predetermined acceptable levels in the wake of a disruptive occurrence
Increasing Adoption by
The growth and popularity of technologies has sparked the demand for business continuity management. With the influx of new-emerging firms come several operational concerns, such as encryption and decryption risks, cybersecurity risks, conduct and management risks, client and vendor risks, and other risks that may ultimately result in the market's decline. Hence, with the aid of strong risk mitigation, real-time risk management methods, and enhanced risk accountability, SMEs and even major organizations have started implementing business continuity management solutions to avoid these issues and to maintain their market share. Together with giving the businesses the greatest solutions and services found at, the organizations may also ask the government for assistance with auditing and crisis management. Furthermore, many SMEs typically rely on constrained resources to protect their business operations and provide solutions that bring in income. Due to this aspect, there is a significant need for SMEs to implement efficient business continuity management. Thus, increasing adoption from SMEs are propelling the growth of business continuity management market globally.
Growing Operational Risk in Organizations is Stimulating the Market Growth
since storms have the potential to practically double in destructive force, the climate crisis is projected to keep the upward trend in natural disasters like hurricanes, particularly over east and southeast Asian nations.
Adoption of Business Impact Analysis (BIA) is Gaining Trajectory
A business impact analysis (BIA) is a methodical procedure for assessing the possible implications of a disruption to crucial company activities because of a catastrophe, accident, or emergency. The business impact analysis is an essential component for requirement gathering during the business continuity process. It is widely accepted by both large- and small-scale enterprises, which is a major factor contributing to the expansion of the worldwide market for business continuity management. BIA is essential for long-term business continuity since it protects a company's smooth operation against disruptions caused by the market or business processes. Business from many countries are expressing the need for BIA as it offers the confirmation of business continuity, tracking business continuity expenditure, collecting data for preliminary plan context and helps in identifying legal, regulatory, and contractual obligations. Moreover, enterprises such as manufacturing with the addition of business impact analysis can helps in identifying the operational and financial impacts of disruptions like data security breaches or cyberattacks, scheduling delays equipment malfunctions by significantly understanding the losing of a key supplier. Thus, the adoption of business impact analysis (BIA) is propelling the demand for global business continuity management market in the forecast period
Recent Advancements
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Market Segmentation
Company Profiles
Avalution Consulting LLC., Sungard Availability Services, Dell International LLC/EMC Corp., StorageCraft Technology Corporation, MetricStream Inc., Virtual Corporation, LogicManager Inc., Continuity Logic LLC., International Business Machines (IBM) Corporation, SAI Global Private Limited
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By OfferingBy Organization SizeBy ApplicationBy IndustryBy Region |
| Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
| Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Qatar, UAE, South Africa, Saudi Arabia, Brazil, Argentina, Colombia |
| Key Companies Profiled | Avalution Consulting LLC., Sungard Availability Services, Dell International LLC/EMC Corp., StorageCraft Technology Corporation, MetricStream Inc., Virtual Corporation, LogicManager Inc., Continuity Logic LLC., International Business Machines (IBM) Corporation, SAI Global Private Limited |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global business continuity management market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Business Continuity Management Market, By Offering
- Solutions
- Crisis Management
- Risk Management
- Audit Management
- Governance &Risk and Compliance (GRC)
- Others
- Services
- Professional
- Managed
- Business Continuity Management Market, By Organization Size
- Small & Medium Enterprise (SMEs)
- Large Enterprises
- Business Continuity Management Market, By Application
- Business Continuity & Disaster Recovery
- Data Center & Data Center Networking
- Governance Risk & Compliance
- Risk Management
- Business Continuity Management Market, By Industry
- BFSI
- Government
- Healthcare
- Transportation & Logistics
- Energy & Utilities
- Manufacturing & Retail
- Telcom & IT
- Others
- Business Continuity Management Market, By Region
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Middle East & Africa
- Qatar
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
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