Asia Pacific Vendor Risk Management Market Size, Share & Industry Trends Analysis Report By End-use, By Deployment (Cloud and On-premises), By Organization Size, By Solution, By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Vendor Risk Management Market would witness market growth of 15.8% CAGR during the forecast period (2022-2028).

Due to increased exposure and constantly changing rules, the requirement for vendor risk management for compliance management, vendor information management, and financial control is fast expanding in the BFSI industry. For example, the Office of the Comptroller of the Currency (OCC) issued guidance in May 2020 that addresses specific types of third parties such as cloud service providers, data aggregators, fintech companies, and subcontractors, as well as the regulations that must be followed when doing business with them.

Businesses have started delegating key jobs to their vendors, which has both advantages and disadvantages. Many recent instances, such as the COVID-19 pandemic, the Colonial Pipeline attack, the SolarWinds cyber-attack, and other ransomware breaches, have widened the scope of vendor threats. To identify, assess, mitigate, and decrease the impact of dangers, businesses are increasingly turning to comprehensive vendor risk management solutions. As a result, the international market is expected to grow significantly over the next several years.

On May 19, the State Council released the "Made in China 2025" plan, the country's first ten-year action plan focused on manufacturing. The plan envisioned a "three-step" approach to transform China into a global manufacturing force by 2049, the 100th anniversary of the People's Republic of China's founding. Enhancing manufacturing innovation, integrating technology and industry, bolstering the industrial base, fostering Chinese brands, implementing green manufacturing, promoting breakthroughs in ten key sectors, advancing manufacturing restructuring, boosting service-oriented manufacturing and manufacturing-related service industries, and internationalizing manufacturing have all been identified as priorities.

The China market dominated the Asia Pacific Vendor Risk Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,128.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 15.1% during (2022 - 2028). Additionally, The India market is estimated to witness a CAGR of 16.6% during (2022 - 2028).

Based on End-use, the market is segmented into Manufacturing, BFSI, Telecom & IT, Retail & Consumer Goods, Healthcare, Energy & Utilities, Government, and Others. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Solution, the market is segmented into Financial Control, Compliance Management, Contract Management, Vendor Information Management, Quality Assurance Management, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Vendor Risk Management Market is Projected to reach USD 17.5 Billion by 2028, at a CAGR of 14.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BitSight Technologies, Inc., RSA Security LLC (Symphony Technology Group), Genpact Limited, NAVEX Global, Inc. (Lockpath), MetricStream, Inc., Rapid Ratings International, Inc., Quantivate, Inc., SAI Global Pty Limited (Intertek Group plc), ProcessUnity, Inc., Optiv Security, Inc.

Scope of the Study

Market Segments Covered in the Report:

By End-use

• Manufacturing
• BFSI
• Telecom & IT
• Retail & Consumer Goods
• Healthcare
• Energy & Utilities
• Government
• Others

By Deployment

• Cloud
• On-premises

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Solution

• Financial Control
• Compliance Management
• Contract Management
• Vendor Information Management
• Quality Assurance Management
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• BitSight Technologies, Inc.
• RSA Security LLC (Symphony Technology Group)
• Genpact Limited
• NAVEX Global, Inc. (Lockpath)
• MetricStream, Inc.
• Rapid Ratings International, Inc.
• Quantivate, Inc.
• SAI Global Pty Limited (Intertek Group plc)
• ProcessUnity, Inc.
• Optiv Security, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Vendor Risk Management Market, by End-use
1.4.2 Asia Pacific Vendor Risk Management Market, by Deployment
1.4.3 Asia Pacific Vendor Risk Management Market, by Organization Size
1.4.4 Asia Pacific Vendor Risk Management Market, by Solution
1.4.5 Asia Pacific Vendor Risk Management Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Mar – 2022, May) Leading Players

Chapter 4. Asia Pacific Vendor Risk Management Market by End-use
4.1 Asia Pacific Manufacturing Market by Country
4.2 Asia Pacific BFSI Market by Country
4.3 Asia Pacific Telecom & IT Market by Country
4.4 Asia Pacific Retail & Consumer Goods Market by Country
4.5 Asia Pacific Healthcare Market by Country
4.6 Asia Pacific Energy & Utilities Market by Country
4.7 Asia Pacific Government Market by Country
4.8 Asia Pacific Other End-use Market by Country

Chapter 5. Asia Pacific Vendor Risk Management Market by Deployment
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-premises Market by Country

Chapter 6. Asia Pacific Vendor Risk Management Market by Organization Size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific Small & Medium Enterprises Market by Country

Chapter 7. Asia Pacific Vendor Risk Management Market by Solution
7.1 Asia Pacific Financial Control Market by Country
7.2 Asia Pacific Compliance Management Market by Country
7.3 Asia Pacific Contract Management Market by Country
7.4 Asia Pacific Vendor Information Management Market by Country
7.5 Asia Pacific Quality Assurance Management Market by Country
7.6 Asia Pacific Others Market by Country

Chapter 8. Asia Pacific Vendor Risk Management Market by Country
8.1 China Vendor Risk Management Market
8.1.1 China Vendor Risk Management Market by End-use
8.1.2 China Vendor Risk Management Market by Deployment
8.1.3 China Vendor Risk Management Market by Organization Size
8.1.4 China Vendor Risk Management Market by Solution
8.2 Japan Vendor Risk Management Market
8.2.1 Japan Vendor Risk Management Market by End-use
8.2.2 Japan Vendor Risk Management Market by Deployment
8.2.3 Japan Vendor Risk Management Market by Organization Size
8.2.4 Japan Vendor Risk Management Market by Solution
8.3 India Vendor Risk Management Market
8.3.1 India Vendor Risk Management Market by End-use
8.3.2 India Vendor Risk Management Market by Deployment
8.3.3 India Vendor Risk Management Market by Organization Size
8.3.4 India Vendor Risk Management Market by Solution
8.4 South Korea Vendor Risk Management Market
8.4.1 South Korea Vendor Risk Management Market by End-use
8.4.2 South Korea Vendor Risk Management Market by Deployment
8.4.3 South Korea Vendor Risk Management Market by Organization Size
8.4.4 South Korea Vendor Risk Management Market by Solution
8.5 Singapore Vendor Risk Management Market
8.5.1 Singapore Vendor Risk Management Market by End-use
8.5.2 Singapore Vendor Risk Management Market by Deployment
8.5.3 Singapore Vendor Risk Management Market by Organization Size
8.5.4 Singapore Vendor Risk Management Market by Solution
8.6 Malaysia Vendor Risk Management Market
8.6.1 Malaysia Vendor Risk Management Market by End-use
8.6.2 Malaysia Vendor Risk Management Market by Deployment
8.6.3 Malaysia Vendor Risk Management Market by Organization Size
8.6.4 Malaysia Vendor Risk Management Market by Solution
8.7 Rest of Asia Pacific Vendor Risk Management Market
8.7.1 Rest of Asia Pacific Vendor Risk Management Market by End-use
8.7.2 Rest of Asia Pacific Vendor Risk Management Market by Deployment
8.7.3 Rest of Asia Pacific Vendor Risk Management Market by Organization Size
8.7.4 Rest of Asia Pacific Vendor Risk Management Market by Solution

Chapter 9. Company Profiles
9.1 Genpact Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Acquisition and Mergers:
9.2 BitSight Technologies, Inc.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.3 RSA Security LLC (Symphony Technology Group)
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Product Launches and Product Expansions:
9.4 NAVEX Global, Inc. (Lockpath)
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.4.2.2 Acquisition and Mergers:
9.5 Rapid Ratings International, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.6 Quantivate, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Product Launches and Product Expansions:
9.7 SAI Global Pty Limited (Intertek Group plc)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.8 ProcessUnity, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.9 Optiv Security, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. MetricStream, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:

TABLE 1 Asia Pacific Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vendor Risk Management Market
TABLE 4 Product Launches And Product Expansions– Vendor Risk Management Market
TABLE 5 Acquisition and Mergers– Vendor Risk Management Market
TABLE 6 Asia Pacific Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Retail & Consumer Goods Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Retail & Consumer Goods Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Other End-use Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Other End-use Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific On-premises Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific On-premises Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Financial Control Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Financial Control Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Compliance Management Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Compliance Management Market by Country, 2022 - 2028, USD Million
TABLE 42 Asia Pacific Contract Management Market by Country, 2018 - 2021, USD Million
TABLE 43 Asia Pacific Contract Management Market by Country, 2022 - 2028, USD Million
TABLE 44 Asia Pacific Vendor Information Management Market by Country, 2018 - 2021, USD Million
TABLE 45 Asia Pacific Vendor Information Management Market by Country, 2022 - 2028, USD Million
TABLE 46 Asia Pacific Quality Assurance Management Market by Country, 2018 - 2021, USD Million
TABLE 47 Asia Pacific Quality Assurance Management Market by Country, 2022 - 2028, USD Million
TABLE 48 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 49 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 50 Asia Pacific Vendor Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 51 Asia Pacific Vendor Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 52 China Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 53 China Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 54 China Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 55 China Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 56 China Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 57 China Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 58 China Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 China Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 China Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 61 China Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 62 Japan Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 63 Japan Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 64 Japan Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 65 Japan Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 66 Japan Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 67 Japan Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 68 Japan Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 69 Japan Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 70 Japan Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 71 Japan Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 72 India Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 73 India Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 74 India Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 75 India Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 76 India Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 77 India Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 78 India Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 79 India Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 80 India Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 81 India Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 82 South Korea Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 83 South Korea Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 84 South Korea Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 85 South Korea Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 86 South Korea Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 87 South Korea Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 88 South Korea Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 89 South Korea Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 90 South Korea Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 91 South Korea Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 92 Singapore Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 93 Singapore Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 94 Singapore Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 95 Singapore Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 96 Singapore Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 97 Singapore Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 98 Singapore Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 99 Singapore Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 100 Singapore Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 101 Singapore Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 102 Malaysia Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 103 Malaysia Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 104 Malaysia Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 105 Malaysia Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 106 Malaysia Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 107 Malaysia Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 108 Malaysia Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 109 Malaysia Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 110 Malaysia Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 111 Malaysia Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 112 Rest of Asia Pacific Vendor Risk Management Market, 2018 - 2021, USD Million
TABLE 113 Rest of Asia Pacific Vendor Risk Management Market, 2022 - 2028, USD Million
TABLE 114 Rest of Asia Pacific Vendor Risk Management Market by End-use, 2018 - 2021, USD Million
TABLE 115 Rest of Asia Pacific Vendor Risk Management Market by End-use, 2022 - 2028, USD Million
TABLE 116 Rest of Asia Pacific Vendor Risk Management Market by Deployment, 2018 - 2021, USD Million
TABLE 117 Rest of Asia Pacific Vendor Risk Management Market by Deployment, 2022 - 2028, USD Million
TABLE 118 Rest of Asia Pacific Vendor Risk Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 119 Rest of Asia Pacific Vendor Risk Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 120 Rest of Asia Pacific Vendor Risk Management Market by Solution, 2018 - 2021, USD Million
TABLE 121 Rest of Asia Pacific Vendor Risk Management Market by Solution, 2022 - 2028, USD Million
TABLE 122 Key Information – Genpact Limited
TABLE 123 Key Information – BitSight Technologies, Inc.
TABLE 124 Key Information – RSA Security LLC
TABLE 125 Key Information – NAVEX Global, Inc.
TABLE 126 Key Information – Rapid Ratings International, Inc.
TABLE 127 Key Information – Quantivate, Inc.
TABLE 128 Key Information – SAI Global Pty Limited
TABLE 129 Key Information – ProcessUnity, Inc.
TABLE 130 Key Information – Optiv Security, Inc.
TABLE 131 Key Information – MetricStream, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Mar – 2022, May) Leading Players
FIG 5 Recent strategies and developments: RSA Security LLC
FIG 6 Recent strategies and developments: NAVEX Global, Inc.
FIG 7 Recent strategies and developments: ProcessUnity, Inc.
FIG 8 Recent strategies and developments: MetricStream, Inc.