Market Size And Forecast: Operational Risk Management Software Applications 2021-2026 (Global)
12 Jul, 2022
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
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)
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)
j5 International, Organisation for Economic Co-operation and Development (OECD), International Association of Oil & Gas Producers (IOGP), Central Petroleum, Adapt IT, Yokogawa RAP, Hexagon, Google, Rombit, DevonWay, Occupational Safety and Health Administration (OSHA), GOARC, CGE Risk, Prometheus Group, VelocityEHS, European Union (EU), Delek US, Ultimo, Sphera, Engica, Enablon, Incitec Pivot, International Monetary Fund (IMF), Petrotechnics, TenForce, Energy Information Administration, Intelex, ProcessMAP
About the Authors
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…
View Profile
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