서드파티 리스크 관리 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the third-party risk management market was valued at USD 9.27 billion in 2025 and is estimated to grow from USD 10.60 billion in 2026 to reach USD 20.71 billion by 2031, at a CAGR of 14.34% during the forecast period (2026-2031).

This report is Segmented by Component (Solutions, and Services), Deployment Model (Cloud, and On-Premises), Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises), End User Industry (BFSI, IT and Telecom, Healthcare and Life Sciences, Government and Defense, Retail and Consumer Goods, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Third-Party Risk Management Market Trends and Insights

Escalating Third-Party Cyberattacks and Ransomware Exposure

Attackers now target vendors more often because one compromised supplier can open paths into many customer environments, and that is raising urgency across the third-party risk management market. Third-party involvement appeared in 30% of confirmed breaches in the Verizon 2026 Data Breach Investigations Report, which marked a sharp increase from the prior year. Large supply-chain and third-party compromises also rose sharply in recent years, which shows that vendor-linked exposure is becoming a durable part of enterprise cyber risk. Black Kite reported that the average number of downstream victims per third-party breach increased to 5.28 in 2025 from 2.56 in 2024, which reflects how failures now spread across connected ecosystems. SecurityScorecard also found that 41.4% of ransomware attacks originated through third-party vectors, and that pattern is pulling more sectors into formal vendor oversight programs within the third-party risk management market.

Tightening Digital Resilience and Outsourcing Regulations

Regulation is becoming one of the strongest spending triggers in the third-party risk management market because third-party oversight is now treated as a control that can be tested and audited. DORA entered application on January 17, 2025, and it requires EU financial entities to maintain a Register of Information, include minimum security clauses in critical ICT contracts, and monitor concentration risk on an ongoing basis. The Basel Committee published its Principles for the Sound Management of Third-Party Risk in December 2025, which raised the global baseline for banking-sector vendor governance and ongoing monitoring. Regulatory momentum is also spreading beyond Europe, as Japan's Financial Services Agency published a research report in April 2026 to study advanced TPCRM practices in the United States, the European Union, and the United Kingdom. New York's Department of Financial Services added further pressure in October 2025 with guidance on third-party service provider risk, reinforcing the need for documented and evidence-based oversight in the third-party risk management market.

High Implementation and Integration Costs Across Siloed Risk Stacks

Implementation remains a real barrier in the third-party risk management market because many buyers must connect TPRM platforms with procurement, ERP, contract management, and GRC systems that were not built around a shared data structure. Whistic reported that TPRM teams added an average of 3 full-time employees in 2025 at USD 109,000 per FTE, while 94% still said they could not assess all the vendors they wanted to review. That gap shows that software spend alone does not solve coverage problems when staffing, process design, and data cleanup are weak. The burden is heavier for smaller buyers, where first-year platform, setup, and labor costs can reach USD 40,000 to USD 80,000 and delay formal adoption in the third-party risk management market. As a result, many organizations continue to rely on spreadsheets or partial workflows, even when those approaches create slower response times and weaker audit evidence.

Other drivers and restraints analyzed in the detailed report include:

1. Expanding Vendor Ecosystems Across Cloud and SaaS Environments
2. Shift From Periodic Reviews to Continuous Monitoring and Automation

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Solutions accounted for 61.23% of the third-party risk management market in 2025, which shows that buyers still prefer platform-led models for core vendor governance. Solutions remain central because enterprises want risk identification, scoring, workflow management, and reporting inside one operating layer rather than across disconnected tools. The strongest demand inside solutions is shifting toward continuous monitoring and intelligence features, as organizations move away from point-in-time assessments and toward persistent surveillance of vendor conditions. Risk identification and due diligence, along with assessment and scoring tools, still form the most widely adopted layers because they align directly with audit needs, onboarding controls, and evidence collection requirements in the third-party risk management market.

Services is the fastest-growing component, with the third-party risk management market size for services projected to expand at a CAGR of 14.67% from 2026 to 2031. Professional and managed services are gaining ground because many organizations still need outside support for questionnaire administration, due diligence execution, remediation tracking, and vendor follow-up. That demand is rising even where companies want to keep policy ownership and escalation authority in-house, which supports blended operating models across the third-party risk management industry. Managed offerings are also drawing interest from technology-led entrants that sell subscription-based lifecycle coverage, and that is putting pressure on project-heavy delivery models that scale more slowly in the third-party risk management market.

Cloud held 57.45% of the third-party risk management market share in 2025 and is also the fastest-growing deployment model, with a 14.89% CAGR through 2031. That combination shows that the third-party risk management market is consolidating around SaaS delivery rather than gradually shifting toward it. Cloud tools appeal to large enterprises and mid-sized buyers because they reduce infrastructure overhead, speed deployment, and support frequent updates to content, workflows, and integrations. The same buyer logic is helping vendors widen coverage across regions and customer sizes in the third-party risk management market.

On-premises remains relevant because some regulated financial institutions and defense organizations still require tighter control over data residency and local processing. That makes the deployment discussion less about replacement and more about how different workloads are split across environments in the third-party risk management market. Multi-cloud vendor ecosystems also create more third-party exposure, so the same cloud shift that enables platform delivery is also increasing the amount of vendor risk that customers must monitor. Many buyers are therefore keeping monitoring intelligence in the cloud while storing sensitive vendor records locally, which supports hybrid models across the third-party risk management industry.

Complete Report Scope:

• By Component
  • Solutions
    • Risk Identification and Due Diligence
    • Risk Assessment and Scoring
    • Continuous Monitoring and Intelligence
    • Workflow, Remediation, and Reporting
  • Services
    • Professional Services
    • Managed Services
• By Deployment Model
  • Cloud
  • On-premises
• By Organization Size
  • Large Enterprises
  • Small and Medium-Sized Enterprises
• By End User Industry
  • BFSI
  • IT and Telecom
  • Healthcare and Life Sciences
  • Government and Defense
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Other End User Industries
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Netherlands
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Rest of Asia-Pacific
  • Middle East
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • Rest of Middle East
  • Africa
    • South Africa
    • Nigeria
    • Kenya
    • Rest of Africa

Geography Analysis

North America accounted for 38.56% of the third-party risk management market share in 2025, supported by dense regulation, mature security spending, and a strong concentration of specialist vendors. The United States has shown especially strong demand for continuous monitoring because regulated sectors are moving beyond periodic checklist reviews and toward ongoing oversight of service providers. Updated NYDFS guidance issued in October 2025 reinforced that direction and kept third-party governance high on the agenda for licensed entities. Canada and Mexico are also becoming more relevant to the third-party risk management market as cross-border supply chains and nearshore operating models create new oversight requirements for parent companies and critical service providers.

Europe remained the second-largest regional block in the third-party risk management market and faced the sharpest near-term regulatory acceleration. DORA entered application across the European Union on January 17, 2025, and it introduced detailed requirements for ICT third-party registers, contractual provisions, concentration risk monitoring, and oversight of critical providers. In November 2025, the European supervisory framework moved further as the first cohort of critical third-party providers came under formal oversight, which is changing how financial entities structure programs and documentation in the third-party risk management market. Germany and the United Kingdom remain the largest national demand centers, while France, Italy, the Netherlands, and Spain continue to add compliance-led adoption across sectors beyond finance.

Asia-Pacific is the fastest-growing geography in the third-party risk management market, with a CAGR of 14.78% expected from 2026 to 2031. China, India, and Japan represent the largest demand pools, as digital supply chains broaden and regulators start to formalize expectations around third-party cyber risk. Japan's Financial Services Agency published a research report in April 2026 to study advanced TPCRM practices abroad, while SecurityScorecard found that Singapore recorded the highest third-party breach rate at 71.4% among the countries it analyzed in 2025. South America, the Middle East, and Africa remain smaller in current value, but the third-party risk management market is expanding there as privacy law enforcement, cloud governance, and supply-chain security expectations become more formal across enterprise buyers.

1. Archer Technologies, LLC
2. Aravo Solutions, Inc.
3. BitSight Technologies, Inc.
4. Diligent Corporation
5. Genpact Limited
6. International Business Machines Corporation
7. KPMG LLP
8. LogicManager, Inc.
9. MetricStream, Inc.
10. Mitratech Holdings, Inc.
11. NAVEX Global, Inc.
12. OneTrust, LLC
13. Panorays Ltd.
14. ProcessUnity, Inc.
15. Resolver Inc.
16. Intertek SAI Global Pty Limited
17. SecurityScorecard, Inc.
18. ServiceNow, Inc.
19. UpGuard, Inc.
20. Venminder, Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Impact of Macroeconomic Factors on the Market
• 4.3 Market Drivers
  • 4.3.1 Escalating Third-Party Cyberattacks and Ransomware Exposure
  • 4.3.2 Tightening Digital Resilience and Outsourcing Regulations
  • 4.3.3 Expanding Vendor Ecosystems Across Cloud and SaaS Environments
  • 4.3.4 Shift From Periodic Reviews to Continuous Monitoring and Automation
  • 4.3.5 Rising Need to Map Nth-Party and Concentration Risk
  • 4.3.6 AI Governance Obligations for Model, Data, and Service Providers
• 4.4 Market Restraints
  • 4.4.1 High Implementation and Integration Costs Across Siloed Risk Stacks
  • 4.4.2 Data Quality, Privacy, and Cross-Border Information Sharing Constraints
  • 4.4.3 Low Trust in Static Questionnaires and Inconsistent Evidence Quality
  • 4.4.4 Fragmented Ownership Across Procurement, Security, Legal, and Compliance
• 4.5 Industry Value Chain Analysis
• 4.6 Regulatory Landscape
• 4.7 Technological Outlook
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Bargaining Power of Suppliers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Component
  • 5.1.1 Solutions
    • 5.1.1.1 Risk Identification and Due Diligence
    • 5.1.1.2 Risk Assessment and Scoring
    • 5.1.1.3 Continuous Monitoring and Intelligence
    • 5.1.1.4 Workflow, Remediation, and Reporting
  • 5.1.2 Services
    • 5.1.2.1 Professional Services
    • 5.1.2.2 Managed Services
• 5.2 By Deployment Model
  • 5.2.1 Cloud
  • 5.2.2 On-premises
• 5.3 By Organization Size
  • 5.3.1 Large Enterprises
  • 5.3.2 Small and Medium-Sized Enterprises
• 5.4 By End User Industry
  • 5.4.1 BFSI
  • 5.4.2 IT and Telecom
  • 5.4.3 Healthcare and Life Sciences
  • 5.4.4 Government and Defense
  • 5.4.5 Retail and Consumer Goods
  • 5.4.6 Manufacturing
  • 5.4.7 Energy and Utilities
  • 5.4.8 Other End User Industries
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Chile
    • 5.5.2.4 Rest of South America
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Netherlands
    • 5.5.3.7 Russia
    • 5.5.3.8 Rest of Europe
  • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 India
    • 5.5.4.4 South Korea
    • 5.5.4.5 Singapore
    • 5.5.4.6 Rest of Asia-Pacific
  • 5.5.5 Middle East
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Turkey
    • 5.5.5.4 Rest of Middle East
  • 5.5.6 Africa
    • 5.5.6.1 South Africa
    • 5.5.6.2 Nigeria
    • 5.5.6.3 Kenya
    • 5.5.6.4 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Archer Technologies, LLC
  • 6.4.2 Aravo Solutions, Inc.
  • 6.4.3 BitSight Technologies, Inc.
  • 6.4.4 Diligent Corporation
  • 6.4.5 Genpact Limited
  • 6.4.6 International Business Machines Corporation
  • 6.4.7 KPMG LLP
  • 6.4.8 LogicManager, Inc.
  • 6.4.9 MetricStream, Inc.
  • 6.4.10 Mitratech Holdings, Inc.
  • 6.4.11 NAVEX Global, Inc.
  • 6.4.12 OneTrust, LLC
  • 6.4.13 Panorays Ltd.
  • 6.4.14 ProcessUnity, Inc.
  • 6.4.15 Resolver Inc.
  • 6.4.16 Intertek SAI Global Pty Limited
  • 6.4.17 SecurityScorecard, Inc.
  • 6.4.18 ServiceNow, Inc.
  • 6.4.19 UpGuard, Inc.
  • 6.4.20 Venminder, Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment