Status : Published | Published On : Jan, 2023 | Report Code : VRICT5140 | Industry : ICT & Media | Available Format : | Page : 189 |
The global Business Continuity Management (BCM) Market was valued at USD 1.62 billion in 2023 and is estimated to reach USD 3.82 billion by 2030 with a CAGR of 13.7%. The market is growing owing to increasing demand for business continuity solutions from small and medium enterprises and increasing IT spending. Furthermore, excessive operational risks in enterprises are other factors that are driving the growth of the global business continuity management market.
Business continuity management software helps organizations address and identify potential interruptions in their operations. Further, this software ensures an uninterrupted flow of companies operations thereby identifying the risks, adhering to procedures to alleviate risks and estimate potential disruption. Increasing benefits availed by business continuity management software is further bolstering the growth of the global business continuity management market.
Market Segmentation
Insight by Offering
On the basis of offering, the global business continuity management market is segmented into services and solutions. Amongst these segments, the solutions segment is estimated to generate larger revenue by 2030 owing to the extensive utilization of business continuity management solutions for crisis management, risk management, and audit management.
Insight by Organization Size
Based on organization size, the global business continuity management market is categorized into large enterprises and small and medium enterprises. Amongst these segments, large enterprises is anticipated to generate larger revenue by 2030 owing to the excessive capability of large enterprises to undertake significant IT investments that further assist the organization to enhance and deploy business continuity plans.
Insight by Industry
On the basis of industry, the global business continuity management market is segmented into healthcare, energy & utilities, banking financial services and insurance (BFSI), telecom & IT, government, manufacturing & retail, transportation & logistics, and others. Amongst these segments, the transportation & logistics industry is anticipated to witness the highest CAGR during the forecast period owing to the extensive risk observed in supply chain management.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 1.62 Billion |
Revenue Forecast in 2030 |
U.S.D. 3.82 Billion |
Growth Rate |
13.7% |
Segments Covered in the Report |
By Offering, By Organization Size, and By Industry |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
Increasing operational risks in the enterprises along with extensive demand from small and medium enterprises are the key factors driving the growth global business continuity management market. Extensive acceptance of business impact analysis (BIA) amongst large and small and medium enterprises is a key factor pertaining to the growth of the global business continuity management market. There are several key players in the emerged and emerging economies that are offering risk management and customizable impact assessment to the end user with the help of BIA.
Furthermore, increasing demand for gap analysis and robust dependency modeling is further aiding enterprises to compare points of recovery related to the achievable items thereby flourishing BIA usage globally. Moreover, operational risks in enterprises are further escalating the growth of the global business continuity management market. In the present scenario, business organizations are witnessing enhanced economic uncertainties and imposing stringent regulatory compliances and fines.
The BCM market includes various components, such as software tools, consulting services, training programs, and advisory services, which assist organizations in developing and implementing effective business continuity strategies. These solutions help businesses assess potential risks, develop robust continuity plans, and ensure the resilience of critical processes and systems.
Restraints
Resistance of employees to changes, lack of budget and expertise, and security concerns are the key factors that are hampering the growth of the global business continuity management market.
Geography Insight
The business continuity management market in North America is anticipated to generate the largest revenue during the estimated period owing to the existence of a large number of business enterprises in the region, threats of disruption to operations pertaining to natural disasters, and the existence of flourishing financial institutions in the region.
Furthermore, the business continuity management market in Asia-Pacific is expected to witness the highest CAGR during the forecast period due to rapid growth in IT services, extensive growth of cloud techniques, and excessive existence of large enterprises in the region thus escalating the growth of business continuity management market in the region. Business organizations are demanding and mitigating risks, observing enhanced accountability of risk from business lines and management, and real-time risk assessment is other factors that are significantly contributing towards the growth of the business continuity management market in the region.
Competitive Insight
The eminent key players in the global magnesium stearate market 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 in the magnesium stearate market.
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, Evaluation, LockPath Inc., SAI Global Pty Ltd, and Rackspace.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising consumers are also conducted to understand consumer behavior.
The Business Continuity Management (BCM) Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Offering
1.2.2. By Organization Size
1.2.3. By Industry
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Size Estimations and Forecast
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Market Definition
3.1. By Offering
3.1.1. Solutions
3.1.1.1. Crisis Management
3.1.1.2. Risk Management
3.1.1.3. Audit Management
3.1.1.4. Government, Risk, And Compliance (GRC)
3.1.1.5. Others
3.1.2. Services
3.1.2.1. Professional
3.1.2.2. Managed
3.2. By Organization Size
3.2.1. Small & Medium Enterprise (SME)
3.2.2. Large Enterprises
3.3. By Industry
3.3.1. Banking, Financial Services, and Insurance (BFSI)
3.3.2. Government
3.3.3. Healthcare
3.3.4. Transportation & Logistics
3.3.5. Energy & Utilities
3.3.6. Manufacturing & Retail
3.3.7. Telcom & IT
3.3.8. Others
4. Industry Overview
4.1. Industry Dynamics
4.1.1. Market Growth Drivers
4.1.2. Market Growth Restraints
4.1.3. Key Market Trends
4.1.4. Major Opportunities
4.2. Industry Ecosystem
4.2.1. Porter’s Five Forces Analysis
4.2.2. Recent Development Analysis
4.2.3. Value Chain Analysis
4.3. Competitive Insight
4.3.1. Competitive Position of Industry Players
4.3.2. Market Attractive Analysis
4.3.3. Market Share Analysis
5. Global Market Estimate and Forecast
5.1. By Offering
5.2. By Organization Size
5.3. By Industry
5.4. By Region
6. North America Market Estimate and Forecast
6.1. By Offering
6.2. By Organization Size
6.3. By Industry
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Offering
7.2. By Organization Size
7.3. By Industry
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Offering
8.2. By Organization Size
8.3. By Industry
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. Australia Market Estimate and Forecast
8.4.5. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Offering
9.2. By Organization Size
9.3. By Industry
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. U.A.E. Market Estimate and Forecast
9.4.5. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Synology
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Altaro Software
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Storage Craft
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. MetricStream Inc.
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Nihon Kohden Corporation
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. CloudAlly
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. VMware
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Dell EMC
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Strategic BCP
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. IDrive
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
10.11. Arcserve
10.11.1. Snapshot
10.11.2. Overview
10.11.3. Offerings
10.11.4. Financial Insight
10.11.5. Recent Developments
10.12. International Business Machines (IBM) Corporation
10.12.1. Snapshot
10.12.2. Overview
10.12.3. Offerings
10.12.4. Financial Insight
10.12.5. Recent Developments
10.13. Logic Manager Inc.
10.13.1. Snapshot
10.13.2. Overview
10.13.3. Offerings
10.13.4. Financial Insight
10.13.5. Recent Developments
10.14. Continuity Logic
10.14.1. Snapshot
10.14.2. Overview
10.14.3. Offerings
10.14.4. Financial Insight
10.14.5. Recent Developments
10.15. Microsoft Corporation
10.15.1. Snapshot
10.15.2. Overview
10.15.3. Offerings
10.15.4. Financial Insight
10.15.5. Recent Developments
10.16. Quantitative LLC
10.16.1. Snapshot
10.16.2. Overview
10.16.3. Offerings
10.16.4. Financial Insight
10.16.5. Recent Developments
10.17. LockPath Inc.
10.17.1. Snapshot
10.17.2. Overview
10.17.3. Offerings
10.17.4. Financial Insight
10.17.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Business Continuity Management Market Size, by Offering, 2018 - 2023 (USD Billion)
Table 5 Global Business Continuity Management Market Size, by Offering, 2025 - 2030 (USD Billion)
Table 6 Global Business Continuity Management Solutions Market Size, by Type, 2018 - 2023 (USD Billion)
Table 7 Global Business Continuity Management Solutions Market Size, by Type, 2025 - 2030 (USD Billion)
Table 8 Global Business Continuity Management Services Market Size, by Type, 2018 - 2023 (USD Billion)
Table 9 Global Business Continuity Management Services Market Size, by Type, 2025 - 2030 (USD Billion)
Table 10 Global Business Continuity Management Market Size, by Organization Size, 2018 - 2023 (USD Billion)
Table 11 Global Business Continuity Management Market Size, by Organization Size, 2025 - 2030 (USD Billion)
Table 12 Global Business Continuity Management Market Size, by Industry, 2018 - 2023 (USD Billion)
Table 13 Global Business Continuity Management Market Size, by Industry, 2025 - 2030 (USD Billion)
Table 14 Global Business Continuity Management Market Size, by Region, 2018 - 2023 (USD Billion)
Table 15 Global Business Continuity Management Market Size, by Region, 2025 - 2030 (USD Billion)
Table 16 North America Business Continuity Management Market Size, by Offering, 2018 - 2023 (USD Billion)
Table 17 North America Business Continuity Management Market Size, by Offering, 2025 - 2030 (USD Billion)
Table 18 North America Business Continuity Management Solutions Market Size, by Type, 2018 - 2023 (USD Billion)
Table 19 North America Business Continuity Management Solutions Market Size, by Type, 2025 - 2030 (USD Billion)
Table 20 North America Business Continuity Management Services Market Size, by Type, 2018 - 2023 (USD Billion)
Table 21 North America Business Continuity Management Services Market Size, by Type, 2025 - 2030 (USD Billion)
Table 22 North America Business Continuity Management Market Size, by Organization Size, 2018 - 2023 (USD Billion)
Table 23 North America Business Continuity Management Market Size, by Organization Size, 2025 - 2030 (USD Billion)
Table 24 North America Business Continuity Management Market Size, by Industry, 2018 - 2023 (USD Billion)
Table 25 North America Business Continuity Management Market Size, by Industry, 2025 - 2030 (USD Billion)
Table 26 North America Business Continuity Management Market Size, by Country, 2018 - 2023 (USD Billion)
Table 27 North America Business Continuity Management Market Size, by Country, 2025 - 2030 (USD Billion)
Table 28 Europe Business Continuity Management Market Size, by Offering, 2018 - 2023 (USD Billion)
Table 29 Europe Business Continuity Management Market Size, by Offering, 2025 - 2030 (USD Billion)
Table 30 Europe Business Continuity Management Solutions Market Size, by Type, 2018 - 2023 (USD Billion)
Table 31 Europe Business Continuity Management Solutions Market Size, by Type, 2025 - 2030 (USD Billion)
Table 32 Europe Business Continuity Management Services Market Size, by Type, 2018 - 2023 (USD Billion)
Table 33 Europe Business Continuity Management Services Market Size, by Type, 2025 - 2030 (USD Billion)
Table 34 Europe Business Continuity Management Market Size, by Organization Size, 2018 - 2023 (USD Billion)
Table 35 Europe Business Continuity Management Market Size, by Organization Size, 2025 - 2030 (USD Billion)
Table 36 Europe Business Continuity Management Market Size, by Industry, 2018 - 2023 (USD Billion)
Table 37 Europe Business Continuity Management Market Size, by Industry, 2025 - 2030 (USD Billion)
Table 38 Europe Business Continuity Management Market Size, by Country, 2018 - 2023 (USD Billion)
Table 39 Europe Business Continuity Management Market Size, by Country, 2025 - 2030 (USD Billion)
Table 40 Asia-Pacific Business Continuity Management Market Size, by Offering, 2018 - 2023 (USD Billion)
Table 41 Asia-Pacific Business Continuity Management Market Size, by Offering, 2025 - 2030 (USD Billion)
Table 42 Asia-Pacific Business Continuity Management Solutions Market Size, by Type, 2018 - 2023 (USD Billion)
Table 43 Asia-Pacific Business Continuity Management Solutions Market Size, by Type, 2025 - 2030 (USD Billion)
Table 44 Asia-Pacific Business Continuity Management Services Market Size, by Type, 2018 - 2023 (USD Billion)
Table 45 Asia-Pacific Business Continuity Management Services Market Size, by Type, 2025 - 2030 (USD Billion)
Table 46 Asia-Pacific Business Continuity Management Market Size, by Organization Size, 2018 - 2023 (USD Billion)
Table 47 Asia-Pacific Business Continuity Management Market Size, by Organization Size, 2025 - 2030 (USD Billion)
Table 48 Asia-Pacific Business Continuity Management Market Size, by Industry, 2018 - 2023 (USD Billion)
Table 49 Asia-Pacific Business Continuity Management Market Size, by Industry, 2025 - 2030 (USD Billion)
Table 50 Asia-Pacific Business Continuity Management Market Size, by Country, 2018 - 2023 (USD Billion)
Table 51 Asia-Pacific Business Continuity Management Market Size, by Country, 2025 - 2030 (USD Billion)
Table 52 RoW Business Continuity Management Market Size, by Offering, 2018 - 2023 (USD Billion)
Table 53 RoW Business Continuity Management Market Size, by Offering, 2025 - 2030 (USD Billion)
Table 54 RoW Business Continuity Management Solutions Market Size, by Type, 2018 - 2023 (USD Billion)
Table 55 RoW Business Continuity Management Solutions Market Size, by Type, 2025 - 2030 (USD Billion)
Table 56 RoW Business Continuity Management Services Market Size, by Type, 2018 - 2023 (USD Billion)
Table 57 RoW Business Continuity Management Services Market Size, by Type, 2025 - 2030 (USD Billion)
Table 58 RoW Business Continuity Management Market Size, by Organization Size, 2018 - 2023 (USD Billion)
Table 59 RoW Business Continuity Management Market Size, by Organization Size, 2025 - 2030 (USD Billion)
Table 60 RoW Business Continuity Management Market Size, by Industry, 2018 - 2023 (USD Billion)
Table 61 RoW Business Continuity Management Market Size, by Industry, 2025 - 2030 (USD Billion)
Table 62 RoW Business Continuity Management Market Size, by Country, 2018 - 2023 (USD Billion)
Table 63 RoW Business Continuity Management Market Size, by Country, 2025 - 2030 (USD Billion)
Table 64 Snapshot – Synology
Table 65 Snapshot – Altaro Software
Table 66 Snapshot – Storage Craft
Table 67 Snapshot – MetricStream Inc.
Table 68 Snapshot – Nihon Kohden Corporation
Table 69 Snapshot – CloudAlly
Table 70 Snapshot – VMware
Table 71 Snapshot – Dell EMC
Table 72 Snapshot – Strategic BCP
Table 73 Snapshot – IDrive
Table 74 Snapshot – Arcserve
Table 75 Snapshot – International Business Machines (IBM) Corporation
Table 76 Snapshot – Logic Manager Inc.
Table 77 Snapshot – Continuity Logic
Table 78 Snapshot – Microsoft Corporation
Table 79 Snapshot – Quantitative LLC
Table 80 Snapshot – LockPath Inc.
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Business Continuity Management Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Business Continuity Management Market Highlight
Figure 12 Global Business Continuity Management Market Size, by Offering, 2018 - 2030 (USD Billion)
Figure 13 Global Business Continuity Management Solutions Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 14 Global Business Continuity Management Services Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 15 Global Business Continuity Management Market Size, by Organization Size, 2018 - 2030 (USD Billion)
Figure 16 Global Business Continuity Management Market Size, by Industry, 2018 - 2030 (USD Billion)
Figure 17 Global Business Continuity Management Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 18 North America Business Continuity Management Market Highlight
Figure 19 North America Business Continuity Management Market Size, by Offering, 2018 - 2030 (USD Billion)
Figure 20 North America Business Continuity Management Solutions Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 21 North America Business Continuity Management Services Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 22 North America Business Continuity Management Market Size, by Organization Size, 2018 - 2030 (USD Billion)
Figure 23 North America Business Continuity Management Market Size, by Industry, 2018 - 2030 (USD Billion)
Figure 24 North America Business Continuity Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 25 Europe Business Continuity Management Market Highlight
Figure 26 Europe Business Continuity Management Market Size, by Offering, 2018 - 2030 (USD Billion)
Figure 27 Europe Business Continuity Management Solutions Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 28 Europe Business Continuity Management Services Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 29 Europe Business Continuity Management Market Size, by Organization Size, 2018 - 2030 (USD Billion)
Figure 30 Europe Business Continuity Management Market Size, by Industry, 2018 - 2030 (USD Billion)
Figure 31 Europe Business Continuity Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific Business Continuity Management Market Highlight
Figure 33 Asia-Pacific Business Continuity Management Market Size, by Offering, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Business Continuity Management Solutions Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 35 Asia-Pacific Business Continuity Management Services Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 36 Asia-Pacific Business Continuity Management Market Size, by Organization Size, 2018 - 2030 (USD Billion)
Figure 37 Asia-Pacific Business Continuity Management Market Size, by Industry, 2018 - 2030 (USD Billion)
Figure 38 Asia-Pacific Business Continuity Management Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 39 RoW Business Continuity Management Market Highlight
Figure 40 RoW Business Continuity Management Market Size, by Offering, 2018 - 2030 (USD Billion)
Figure 41 RoW Business Continuity Management Solutions Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 42 RoW Business Continuity Management Services Market Size, by Type, 2018 - 2030 (USD Billion)
Figure 43 RoW Business Continuity Management Market Size, by Organization Size, 2018 - 2030 (USD Billion)
Figure 44 RoW Business Continuity Management Market Size, by Industry, 2018 - 2030 (USD Billion)
Figure 45 RoW Business Continuity Management Market Size, by Country, 2018 - 2030 (USD Billion)
Global Business Continuity Management Market Coverage
Offering Insight and Forecast 2025-2030
Organization Size Insight and Forecast 2025-2030
Industry Insight and Forecast 2025-2030
Geographical Segmentation
Business Continuity Management Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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