The global business continuity management market is expected to grow at a CAGR of 15.8% during the forecast period with its market size valued at USD 362.0 million in 2020. Globally, business continuity management industry players are undertaking considerable investment decisions in order to gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players of magnesium stearate market.
Business continuity management software helps organizations to address and identify potential interruptions in their operations. Further, this software ensures uninterrupted flow of companies operations thereby identifying the risks, adhering procedures to alleviate risks and estimate potential disruption. Increasing benefits availed by business continuity management software is further bolstering the growth of global business continuity management market.
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Large enterprises category held larger share in the business continuity management market in 2020
Based upon organization size, the global business continuity management market is categorized into large enterprises and small and medium enterprises. Amongst these segments, large enterprises are anticipated to generate larger revenue by 2027 owing to excessive capability of large enterprises to undertake significant IT investments that further assists the organization to enhance and deploy business continuity plans.
Business continuity management market in North America is anticipated to generate the largest revenue during the estimated period owing to existence of large number of business enterprises in the region, threats of disruption to operations pertaining towards natural disasters and existence of flourishing financial institutions in the region.
Some of the key players in the global business continuity management market include Synology, Altaro Software, Storage Craft, MetricStream Inc., CloudAlly, VMware, Dell EMC, Strategic BCP, IDrive, Arcserve, International Business Machines (IBM) Corporation, Logic Manager Inc., Continuity Logic, Microsoft, Nero, Sungard Availability Services, Fusion Risk Management Inc., Quantitative LLC, MiniTool, Avaluation, LockPath Inc., SAI Global Pty Ltd, and Rackspace.
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global business continuity management market on the basis of offering, organization size, industry, and region.
Global Business Continuity Management Market Coverage
Offering Insight and Forecast 2015-2027
Organization Size Insight and Forecast 2015-2027
Industry Insight and Forecast 2015-2027
Business Continuity Management Market by Region
Rest of the World (RoW)