Market Size And Forecast: Operational Risk Management Software Applications 2020-2026 (Global)
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Executive Summary
In this report, Verdantix provides detailed analysis of the current market size and future prospects of the operational risk management (ORM) software application market. This analysis finds that the ORM software application market will grow from $1.5 billion in 2020, at a CAGR of 9%, to $2.6 billion in 2026. The ORM software market – and the control of work (CoW) software subsegment in particular – have displayed a high degree of resilience to the COVID-19 pandemic; in fact, the pandemic has caused increased demand for risk management software. To maximize growth , ORM software providers must broaden their offerings to cover process safety management (PSM), have an open architecture to support greater integrations with industrial systems and incorporate digital twins to visually communicate risk.
Table of contents
Forecasting The Operational Risk Management Software Application MarketModel Updates Reflect The Impact of the COVID-19 Pandemic and Global Economic Condition
The ORM Software Application Market Was Worth $1.5 Billion In 2020
The ORM Software Market Has Rebounded Following The Initial Shock From The COVID-19 Pandemic
The ORM Software Application Market Will Reach $2.6 Billion In 2026
ORM Software Suppliers Need To Do Three Things To Exploit The Attractive Market Opportunity
Table of figures
Figure 1. 2020 ORM Software Application Market Size 2020 By RegionFigure 2. 2020 ORM Software Application Market Size By Industry
Figure 3. ORM Software Application Market Forecast (2020-26)
Figure 4. ORM Software Application Market Forecast By Region (2020-26)
Figure 5. ORM Software Application Market Forecast By Industry (2020-26)
Figure 6. ORM Software Application Market Forecast By Category (2020-26)
Organisations mentioned
AdaptIT, Atheer, Chrysaor, ConformIT, Enablon, GOARC, Hexagon PPM, International Monetary Fund (IMF), Librestream, MODS Management, NiSoft, Occupational Health and Safety Administration (OSHA), OMV, Organisation for Economic Co-operation and Development (OECD), PetroRio, RiskPoynt, Rombit, SAP, Shell, Sphera, TenForce, XMReality, Yokogawa RAPAbout the authors
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