The 2024 Risk Management Report offers a detailed analysis of a sector essential for maintaining operational resilience and a competitive edge. This report underscores the sector’s expansion, innovation, and key trends like cyber risk management, third-party risk management, and climate risk management. It also explores the firmographic data, investment patterns, and market dynamics that are changing the landscape.
This risk management report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Risk Management Report 2024
- Executive Summary
- Introduction to the Risk Management Report 2024
- What data is used in this Risk Management Report?
- Snapshot of the Global Risk Management Industry
- Funding Landscape in the Risk Management Industry
- Who is Investing in Risk Management?
- Emerging Trends in the Risk Management Industry
- 5 Innovative Risk Management Startups
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Executive Summary: Risk Management Report 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 5200+ risk management startups developing innovative solutions to present five examples from emerging risk management industry trends.
- Industry Growth Overview: The risk management market has shown growth of 1.75% in the last year with more than 88000 companies actively participating in the sector.
- Manpower & Employment Growth: The industry employs 9.3 million professionals globally, with growth of over 536000 new employees added in the last year.
- Patents & Grants: The sector holds over 51400 patents and has secured over 4700 grants, indicating innovation and research support.
- Global Footprint: Key country hubs include the US, UK, India, Australia, and Canada, while major city hubs are London, New York City, Sydney, Melbourne, and Singapore.
- Investment Landscape: The average investment value is USD 149.7 million per round, with over 21800 funding rounds and over 8600 companies receiving investments.
- Top Investors: Insight Partners, SoftBank Vision Fund, Tiger Global Management, and more have collectively invested around USD 14 billion.
- Startup Ecosystem: Five startup features include Pellonium (cyber risk management), Mirato (third party risk management), Defiria (DeFi & crypto risk management), BeFiSc (fraud detection & identity verification), and ANOZR WAY (human risk management).
- Recommendations for Stakeholders: Financial institutions should integrate risk assessment tools, enhance regulatory compliance, and promote transparent reporting practices. Businesses and enterprises should incorporate risk management into their corporate culture, continuously update risk mitigation plans, and invest in employee training to identify and manage potential future threats.
Explore the Data-driven Risk Management Report for 2024
The Risk Management Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap represents the important data points from our broad database. Our database includes 5206 startups and more than 88000 companies, which indicates the industry’s wide presence. Industry growth in the last year is 1.75%, further suggesting consistent progress. The database contains over 51400 patents and more than 4700 grants, emphasizing innovation and funding activity.
Global manpower is at 9.3 million, with employee growth of over 536000 last year. The top five country hubs are the US, UK, India, Australia, and Canada, while the main city hubs are London, New York City, Sydney, Melbourne, and Singapore. This heatmap provides a detailed overview of the industry’s landscape and primary centers of innovation and startup activity.
What data is used to create this risk management report?
Based on the data provided by our Discovery Platform, we observe that the risk management industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: The risk management industry had over 33700 publications last year. This indicates news coverage and scholarly attention.
- Funding Rounds: There are more than 21800 funding rounds data available in our database. This shows investor interest and financial backing.
- Manpower: The industry employs over 9.3 million workers globally, with an addition of over 536000 new employees in the last year.
- Patents: The risk management sector holds over 51400 patents, indicating its innovation and technological advancements.
- Grants: With more than 4700 grants, the industry shows support for research and development initiatives.
- Yearly Global Search Growth: The yearly global search growth for the risk management industry is 5.46%, indicating some public interest.
- and more. Get in touch to explore all data points used to create this risk management report.
A Snapshot of the Global Risk Management Industry
The risk management industry shows notable scale and growth across different metrics. With a global workforce of 9.3 million, the sector has demonstrated its capacity by adding over 536000 new employees in the previous year. This industry includes more than 88000 companies, which suggests a broad range of organizational involvement and activity.
Explore the Funding Landscape of the Risk Management Industry
Investment in the risk management industry is considerable. The average investment value is USD 149.7 million per round. The sector has drawn over 7900 investors, indicating financial support and confidence. The industry has completed 21800+ funding rounds and displayed considerable investment activity and engagement. Moreover, over 8600 companies have received investments, which underlines the sector’s attractiveness and potential for growth.
Who is Investing in Risk Management?
The combined investment value by investors in the risk management industry is over USD 14 billion. Here is a breakdown of the investors, their invested value, and the number of companies they have invested in:
- Insight Partners invested USD 1.9 billion across 37 companies, indicating its commitment to the sector.
- SoftBank Vision Fund allocated USD 1.8 billion to 8 companies, reflecting investments in selected firms.
- Tiger Global Management invested USD 1.5 billion in 27 companies, showing investment activity.
- General Atlantic invested USD 1.5 billion across 12 companies, focusing on industry players.
- Andreessen Horowitz contributed USD 1.4 billion to 21 companies, showing its role in the industry.
- Vista Equity Partners invested USD 1.4 billion in 14 companies, indicating financial involvement.
- European Investment Bank allocated USD 1.3 billion to 7 companies, supporting the industry’s growth in Europe.
- Kohlberg Kravis Roberts invested USD 1.2 billion across 8 companies, showing its investments.
- Stone Point Capital contributed USD 1.1 billion to 8 companies, reflecting its investment approach.
- and more. Contact us to explore all investment data in the risk management industry
Access Top Risk Management Innovations & Trends with the Discovery Platform
The emerging trends are reshaping the risk management landscape. Here are a few of them along with the firmographic insights.
- The Cyber Risk Management trend includes 1588 companies mitigating cyber threats and vulnerabilities. With a workforce of 95500 professionals, this sector has added 9000 new employees in the past year, indicating job growth. The trend growth rate is 15.39% in the last year.
- Third-party Risk Management consists of 632 companies specializing in risks associated with external vendors and partners. This trend employs 79900 individuals and has added 5200 new employees in the last year, indicating employment growth. Further, the annual trend growth rate is 12%.
- Climate Risk Management is a trend with 189 identified companies focused on assessing and mitigating climate-related risks. This sector employs 13300 professionals, with 1400 new employees added in the past year, indicating a growth trajectory. The annual trend growth rate is 10.9%, reflecting the awareness and regulatory pressure to address climate change impacts.
5 Top Examples from 5200+ Innovative Risk Management Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a platform demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
Pellonium offers Risk-Based Security Posture Management
US-based startup Pellonium develops risk evaluation technologies, offering a platform that connects audit, configuration, and policy data. Its platform, Pellonium Risk Intelligence, provides continuous cyber risk observability across the digital enterprise. It uses threat-informed risk models to prioritize key risk exposure areas. The platform focuses on the organization’s strategic growth objectives and financial goals. It offers optimized recommendations for operationally focused risk-remediation tactics. The platform also performs ROI analysis and recommendations to maximize the performance of existing security stack investments. Pellonium provides end-to-end security posture management to reduce and manage cyber risk exposure.
Mirato manages Third Party Risks
Israeli startup Mirato offers a Third-Party Risk Management (TPRM) Intelligence platform. It leverages AI and natural language processing (NLP) to collect, analyze, and correlate data. It validates controls, enabling organizations to achieve significant reductions in costs and time. The platform provides real-time, 24/7 monitoring across all structured and unstructured sources and risk domains. It also offers concentration risk visibility. Its AI-Driven Insights tool generates contextual insights by reading and interpreting the meaning within questionnaires, documents, and data feeds. The platform’s Risk Board further provides an overview of the third-party state of risk. Lastly, the Concentration Risk Hunter feature creates a map that displays how a single point of failure impacts the organization.
Defiria optimizes DeFi & Crypto Risk Management
German startup DeFiria develops a platform for managing risks in DeFi and cryptocurrency. Its platform features personalized risk analytics, non-custodial wallet aggregation, and comprehensive market analyses across multiple blockchain ecosystems. The platform also offers data-driven methods that provide crucial insights to strategically adapt positions and optimize portfolio growth rates. Further, it enables understanding of individual strategies with suitable protocols and practices and contingency planning with early warning systems.
BeFiSc provides Fraud Detection & Identity Verification
Indian startup BeFiSc offers an identity verification platform. This platform employs AI/ML technologies for real-time fraud detection. It provides a comprehensive suite of solutions, including know your customer (KYC), know your business (KYB), and utility verification. In addition, it offers vehicle verification, fraud indicators, financial checks, mobile number lookups, and digital footprints. These solutions aid in verifying identities, ensuring authenticity, and reducing risks.
ANOZR WAY mitigates Human-related Risks
French startup ANOZR WAY develops a human risk management platform that assesses and monitors human-related cyber risks. It performs attacker-like reconnaissance to detect exposed-compromised data and identify people most at risk. The platform then guides security teams and users to mitigate these risks. ANOZR WAY also provides a comprehensive view of an organization’s digital footprint, including social media, deep, and dark web.
Looking for Comprehensive Insights into Risk Management Trends, Startups, or Technologies?
The risk management report 2024 shows growth and innovation, influenced by rising global challenges and complexities. Trends like cyber risk management, third-party risk management, and climate risk management are contributing to the evolution of the industry. Get in touch with us to explore all 5200+ startups and scaleups, as well as all industry trends impacting risk management companies.
