Market Size And Forecast: Operational Risk Management Software Applications 2021-2026 (Global)

Access this research

Access all Specialist Industrial Transformation Solutions content with a strategic subscription or buy this single report

Need help or have a question about this report? Contact us for assistance

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 $1.75 billion in 2021, at a CAGR of 14.6%, to $3.46 billion in 2026. The ORM software market – and the control of work (CoW) software subsegment in particular – are showing strong growth despite recent global economic conditions. To maximize growth, ORM software providers must enhance software capability through advanced visualizations and integration with wearables and industrial internet of things devices (IIoT), consider partnerships with asset management software providers and expand their offerings to provide an integrated platform for process safety management (PSM).
Forecasting The Operational Risk Management Software Application Market 
Model Updates Reflect The Impact Of Current Global Economic Conditions And Market Factors 
The ORM Software Application Market Was Worth $1.7 Billion In 2021 
The ORM Software Market Is Experiencing Strong Growth Despite Recent Economic Events 
ORM Software Market Will Be Worth $3.46 billion In 2026 
ORM Software Suppliers Can Do Three Things To Expand Their Current Market Share 
Figure 1. 2021 ORM Software Application Market By Region 
Figure 2. 2021 ORM Software Application Market Size By Industry 
Figure 3. ORM Software Market Drivers 
Figure 4. 2021 ORM Software Application Market Forecast (2021-26) 
Figure 5. ORM Software Application Market Forecast By Region (2021-26) 
Figure 6. ORM Software Application Market Forecast By Industry (2021-26) 
Figure 7. ORM Software Application Market Forecast By Category (2021-26) 
 

About the Authors

Joseph O'Brien

Joseph O'Brien

Senior Industry

Joe is a Senior Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on emerging solutions and global market trends across t...

Malavika Tohani

Malavika Tohani

Research Director

Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...

View Profile

Other related content

Blog
Specialist Industrial Transformation Solutions
Hexagon Refocuses Strategy With Sale Of...

Hexagon has announced the €2.7 billion sale of its design and engineering tools within its manufacturing intelligence division to Cadence Design Systems (Cadence), a move that sha...

16 September, 2025

Webinar
AI-First Platforms & Applications
AI In Industrial Operations: Building T...

Frustrated at the AI-washing taking the industrial software world by storm? Join our upcoming webinar for an expert-led analysis of AI’s practical deployment in industrial operatio...

11 September, 2025

Blog
Specialist Industrial Transformation Solutions
Presight Solutions’s PipeSpec Offering ...

In asset-heavy industries, inconsistent pipe and valve specifications combined with poor revision control can result in non-compliance with industry standards, safety risks from in...

08 July, 2025

Blog
Asset Maintenance Software & Services
Verdantix Green Quadrant Benchmark High...

The global market for industrial computerized maintenance management systems (CMMS) continues to expand, as firms across asset-intensive industries seek to enhance uptime, increase...

02 July, 2025

Press Release
Asset Maintenance Software & Services
Verdantix Benchmark Identifies Leading ...

London, UK. As industrial firms face rising operational costs, labour and skills shortages, and mounting performance pressures, the need to maximize asset uptime and adopt smarter,...

25 June, 2025

Blog
Asset Maintenance Software & Services
The Connected Industry Takes Shape At A...

Coming out of AVEVA World 2025 in San Francisco, one message rang clear: AVEVA isn’t just supporting convergence, it’s enabling it. CEO Caspar Herzberg opened the event by position...

06 June, 2025