The latest report by IMARC Group, titled “Business Continuity Management Market Report by Offering (Solutions, Services), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry (Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, Transportation and Logistics, Energy and Utilities, Manufacturing and Retail, Telecom and IT, and Others), and Region 2024-2032“, The global business continuity management market size reached US$ 664.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,077.7 Million by 2032, exhibiting a growth rate (CAGR) of 13.5% during 2024-2032.

Organizations can minimize the impact of unforeseen events on their operations by implementing Business Continuity Management (BCM), a comprehensive and proactive approach. BCM prepares businesses for potential disruptions, including natural disasters and man-made crises, by developing detailed strategies, assessing risks, and training employees. By adopting BCM strategies, companies can ensure the continuous operation of critical processes and systems, safeguard their assets, maintain stakeholder confidence, and comply with regulatory requirements. As the world becomes increasingly interconnected, BCM is gaining importance across various industries, as a single disruption can have far-reaching consequences on global operations.

Business Continuity Management Market Trends and Drivers:

The global market for business continuity management is largely driven by the increasing occurrence of natural and man-made disasters, which has made organizations more aware of the need for robust continuity plans. Additionally, there is a growing emphasis on compliance with regulations and standards, such as ISO 22301, which specifically deals with business continuity. The rise in cyber threats targeting critical infrastructure and sensitive data has also fueled demand for comprehensive BCM solutions. Moreover, advances in technology have made continuity planning more efficient and effective, making it accessible to companies of all sizes. As businesses become more interconnected and interdependent, the importance of having a well-structured business continuity management system in place is further magnified, driving market growth.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/business-continuity-management-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Offering:

  • Solutions 
    • Crisis Management
    • Risk Management
    • Audit Management
    • Government, Risk, and Compliance (GRC)
    • Others
  • Services  
    • Professional
    • Managed

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises 

Breakup by Industry:

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Healthcare
  • Transportation and Logistics
  • Energy and Utilities
  • Manufacturing and Retail
  • Telecom and IT
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Fusion Risk Management Inc.
  • International Business Machines Corporation
  • Logic Manager Inc.
  • MetricStream Inc.
  • NAVEX Global Inc.
  • Quantivate LLC
  • Sungard Availability Services (Fidelity National Information Services Inc.)
  • Virtual Corporation

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163