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 Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global business continuity management (BCM) market is expected to really take off in the coming years, largely because industries like BFSI and IT & telecom are increasingly embracing it. Companies are finding that BCM helps them not just recover from disasters, but also save money, boost efficiency, and better spot and handle potential threats. It also helps them meet industry standards and stay compliant. These solutions offer a bunch of helpful features like figuring out risk, BIA, mapping out dependencies, managing recovery plans, running exercises, and even handling crises, not to mention BCM planning management metrics and analysis. Service providers are stepping up, offering better and better solutions that enhance what business continuity management can do. By tapping into the latest innovations, companies can strengthen their existing continuity plans and find ways to improve them, potentially softening the blow of any future crisis financially.
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
All this new tech has made business continuity management a hot topic! Tons of new companies are popping up, but they're bringing a whole host of problems with them. Think encryption gone wrong, nasty cybersecurity threats, tricky conduct and management issues, and even risks coming from clients and vendors. All this stuff could really hurt the market. That's why companies, big and small, are grabbing onto business continuity management. They're hoping that strong risk management, real-time tracking, and clear accountability will help them dodge these bullets and stay competitive. Besides finding the best solutions out there, companies can even look to the government for help with audits and crisis planning. Plus, let's face it, many smaller businesses are running lean, trying to protect their operations and still make money. That's why good business continuity management is so important for them. And because of all this, more and more small businesses are using it, which is really pushing the growth of the business continuity management market around the world.
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 really just a careful way of figuring out what could happen if something goes wrong and messes up your important business stuff – like a disaster, accident, or plain old emergency. Think of the BIA as a key part of figuring out what you need to keep your business running smoothly.
It's popular with all kinds of businesses, big and small, which is one reason why the whole business continuity management thing is getting bigger worldwide. BIA is super important for keeping things running in the long run because it helps protect your business from unexpected problems. Lots of businesses around the world are realizing they need a BIA because it confirms they can keep going, helps them track spending on keeping things running, gathers info for early planning, and helps them spot legal obligations.
Companies like those in manufacturing can use a business impact analysis to figure out how things like data breaches, cyberattacks, delays, or equipment breaking down could hurt them, especially if they lose a key supplier. Basically, using a business impact analysis (BIA) is making the demand for global business continuity management go up!
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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