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Report
Middle East & Africa Risk Management Market - Industry Trends and Forecast to 2033
Market Report I 2023-10-01 I 145 Pages I Data Bridge Market Research
The Middle East and Africa risk management market is expected to reach USD 1,728.18 million by 2030 from USD 557.43 million in 2022, growing at a CAGR of 15.4% during the forecast period of 2023 to 2030.
Market Segmentation
Middle East and Africa Risk Management Market, By Risk Type (Compliance Risk, Financial and Credit Risk, Security Risk, Operational Risk, Strategic Risk, and Legal Risk), Firm Type (Enterprise Risk Management (ERM) Consulting Firm, Independent Insurable Property and Casualty Risk Management/Risk Engineering Consulting Firm, and Logistic & Transport Risk Management Consulting Firm), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Vertical (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Government & Defence, Transport & Logistic, Energy & Utilities, and Others), Country (U.A.E., Saudi Arabia, Qatar, South Africa, Egypt, Israel, Oman, Kuwait, Bahrain, and rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Middle East and Africa Risk Management Market Dynamics
Driver
- Increasing complexity of risks
Restraint
- High cost of risk management services
Opportunity
- Increasing globalization of businesses
Market Players
Some of the major market players operating in the Middle East and Africa risk management market are listed below:
- Risk Logic Inc
- RISKPARTNER
- RiskVersity, JVB & Co.
- Cymune, Riskinsight Consulting Pvt. Ltd
- Risk Solutions International, LEA
- Riskpro India Ventures Private Limited
- ICON Risk
- ERM EXCHANGE
- CEERISK
TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 OVERVIEW OF THE MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET 17
1.4 CURRENCY AND PRICING 18
1.5 LIMITATIONS 19
1.6 MARKETS COVERED 19
2 MARKET SEGMENTATION 24
2.1 MARKETS COVERED 24
2.2 YEARS CONSIDERED FOR THE STUDY 25
2.3 GEOGRAPHIC SCOPE 26
2.4 DBMR TRIPOD DATA VALIDATION MODEL 27
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 30
2.6 DBMR MARKET POSITION GRID 31
2.7 MARKET APPLICATION COVERAGE GRID 32
2.8 VENDOR SHARE ANALYSIS 33
2.9 MULTIVARIATE MODELLING 34
2.10 RISK TYPE TIMELINE CURVE 35
2.11 SECONDARY SOURCES 36
2.12 ASSUMPTIONS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 39
5 MARKET OVERVIEW 40
5.1 DRIVERS 42
5.1.1 INCREASING COMPLEXITY OF RISKS LEADING TO HIGHER DEMAND FOR RISK MANAGEMENT CONSULTING SERVICES 42
5.1.2 GROWING AWARENESS TOWARDS RISK MANAGEMENT SERVICES 43
5.1.3 INCREASING COMPLEXITY OF BUSINESS OPERATIONAL ENVIRONMENT LEADING TO DEMAND FOR ENTERPRISE RISK MANAGEMENT SERVICES 44
5.1.4 STRINGENT REGULATIONS AND COMPLIANCE REQUIREMENTS ACROSS VARIOUS INDUSTRIES 45
5.2 RESTRAINTS 46
5.2.1 HIGH COST OF RISK MANAGEMENT SERVICES 46
5.3 OPPORTUNITIES 47
5.3.1 INCREASING MIDDLE EAST AND AFRICAIZATION OF BUSINESSES 47
5.3.2 GROWING FOCUS ON ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) ISSUES 48
5.3.3 SURGING ADOPTION OF PROACTIVELY ASSESSING AND MITIGATING POTENTIAL RISKS IN SUPPLY CHAIN OPERATIONS 50
5.4 CHALLENGES 51
5.4.1 DETERIORATING GEOPOLITICAL LANDSCAPE AND ESCALATING INFLATIONARY PRESSURES 51
5.4.2 SCARCITY OF HIGHLY SKILLED PROFESSIONALS IN THE FIELD OF RISK MANAGEMENT 52
6 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET, BY RISK TYPE 53
6.1 OVERVIEW 54
6.2 COMPLIANCE RISK 55
6.3 FINANCIAL AND CREDIT RISK 56
6.4 SECURITY RISK 56
6.5 OPERATIONAL RISK 57
6.6 STRATEGIC RISK 57
6.7 LEGAL RISK 58
7 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET, BY FIRM TYPE 59
7.1 OVERVIEW 60
7.2 ENTERPRISE RISK MANAGEMENT (ERM) CONSULTING FIRM 61
7.3 INDEPENDENT INSURABLE PROPERTY AND CASUALTY RISK MANAGEMENT/RISK ENGINEERING CONSULTING FIRM 62
7.4 LOGISTIC & TRANSPORT RISK MANAGEMENT CONSULTING FIRM 62
8 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET, BY ENTERPRISE SIZE 63
8.1 OVERVIEW 64
8.2 LARGE ENTERPRISES 65
8.3 SMALL & MEDIUM ENTERPRISES 65
9 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET, BY VERTICAL 66
9.1 OVERVIEW 67
9.2 BFSI 68
9.2.1 COMPLIANCE RISK 69
9.2.2 FINANCIAL AND CREDIT RISK 69
9.2.3 SECURITY RISK 69
9.2.4 OPERATIONAL RISK 69
9.2.5 STRATEGIC RISK 69
9.2.6 LEGAL RISK 69
9.3 IT & TELECOM 70
9.3.1 COMPLIANCE RISK 70
9.3.2 FINANCIAL AND CREDIT RISK 70
9.3.3 SECURITY RISK 70
9.3.4 OPERATIONAL RISK 71
9.3.5 STRATEGIC RISK 71
9.3.6 LEGAL RISK 71
9.4 HEALTHCARE 71
9.4.1 COMPLIANCE RISK 72
9.4.2 FINANCIAL AND CREDIT RISK 72
9.4.3 SECURITY RISK 72
9.4.4 OPERATIONAL RISK 72
9.4.5 STRATEGIC RISK 72
9.4.6 LEGAL RISK 72
9.5 RETAIL 72
9.5.1 COMPLIANCE RISK 73
9.5.2 FINANCIAL AND CREDIT RISK 73
9.5.3 SECURITY RISK 73
9.5.4 OPERATIONAL RISK 73
9.5.5 STRATEGIC RISK 73
9.5.6 LEGAL RISK 73
9.6 MANUFACTURING 74
9.6.1 COMPLIANCE RISK 74
9.6.2 FINANCIAL AND CREDIT RISK 74
9.6.3 SECURITY RISK 74
9.6.4 OPERATIONAL RISK 75
9.6.5 STRATEGIC RISK 75
9.6.6 LEGAL RISK 75
9.7 GOVERNMENT AND DEFENCE 75
9.7.1 COMPLIANCE RISK 76
9.7.2 FINANCIAL AND CREDIT RISK 76
9.7.3 SECURITY RISK 76
9.7.4 OPERATIONAL RISK 76
9.7.5 STRATEGIC RISK 76
9.7.6 LEGAL RISK 76
9.8 TRANSPORT AND LOGISTICS 76
9.8.1 COMPLIANCE RISK 77
9.8.2 FINANCIAL AND CREDIT RISK 77
9.8.3 SECURITY RISK 77
9.8.4 OPERATIONAL RISK 77
9.8.5 STRATEGIC RISK 77
9.8.6 LEGAL RISK 77?
9.9 ENERGY AND UTILITIES 78
9.9.1 COMPLIANCE RISK 78
9.9.2 FINANCIAL AND CREDIT RISK 78
9.9.3 SECURITY RISK 78
9.9.4 OPERATIONAL RISK 79
9.9.5 STRATEGIC RISK 79
9.9.6 LEGAL RISK 79
9.10 OTHERS 79
10 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET, BY REGION 80
10.1 MIDDLE EAST AND AFRICA 82
10.1.1 U.A.E. 87
10.1.2 SAUDI ARABIA 91
10.1.3 QATAR 95
10.1.4 SOUTH AFRICA 99
10.1.5 EGYPT 104
10.1.6 ISRAEL 108
10.1.7 OMAN 112
10.1.8 KUWAIT 116
10.1.9 BAHRAIN 120
10.1.10 REST OF MIDDLE EAST AND AFRICA 124
11 MIDDLE EAST AND AFRICA RISK MANAGEMENT MARKET: COMPANY LANDSCAPE 125
11.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA 125
12 SWOT ANALYSIS 126
13 COMPANY PROFILES 127
13.1 RISKPARTNER 127
13.1.1 COMPANY SNAPSHOT 127
13.1.2 SERVICE PORTFOLIO 127
13.1.3 RECENT DEVELOPMENT 127
13.2 LEA 128
13.2.1 COMPANY SNAPSHOT 128
13.2.2 SERVICE PORTFOLIO 128
13.2.3 RECENT DEVELOPMENTS 128
13.3 RISKVERSITY 130
13.3.1 COMPANY SNAPSHOT 130
13.3.2 SERVICE PORTFOLIO 130
13.3.3 RECENT DEVELOPMENT 130?
13.4 ERM EXCHANGE 131
13.4.1 COMPANY SNAPSHOT 131
13.4.2 SERVICE PORTFOLIO 131
13.4.3 RECENT DEVELOPMENT 131
13.5 RISK SOLUTIONS INTERNATIONAL 132
13.5.1 COMPANY SNAPSHOT 132
13.5.2 SERVICE PORTFOLIO 132
13.5.3 RECENT DEVELOPMENTS 132
13.6 CEERISK 134
13.6.1 COMPANY SNAPSHOT 134
13.6.2 SERVICE PORTFOLIO 134
13.6.3 RECENT DEVELOPMENTS 134
13.7 CYMUNE 136
13.7.1 COMPANY SNAPSHOT 136
13.7.2 SERVICE PORTFOLIO 136
13.7.3 RECENT DEVELOPMENT 136
13.8 ICON RISK 137
13.8.1 COMPANY SNAPSHOT 137
13.8.2 SERVICE PORTFOLIO 137
13.8.3 RECENT DEVELOPMENT 137
13.9 JVB & CO. 138
13.9.1 COMPANY SNAPSHOT 138
13.9.2 SERVICE PORTFOLIO 138
13.9.3 RECENT DEVELOPMENT 138
13.10 RISKINSIGHT CONSULTING PVT. LTD 139
13.10.1 COMPANY SNAPSHOT 139
13.10.2 SERVICE PORTFOLIO 139
13.10.3 RECENT DEVELOPMENT 139
13.11 RISKPRO INDIA VENTURES PRIVATE LIMITED 140
13.11.1 COMPANY SNAPSHOT 140
13.11.2 SERVICE PORTFOLIO 140
13.11.3 RECENT DEVELOPMENT 140
13.12 RISK LOGIC INC. 141
13.12.1 COMPANY SNAPSHOT 141
13.12.2 SERVICE PORTFOLIO 141
13.12.3 RECENT DEVELOPMENT 141
14 QUESTIONNAIRE 142
15 RELATED REPORTS 145
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