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The global business continuity management (BCM) market was valued at USD 360.0 million in 2018. 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 the enterprises are other factors that are driving the growth of global business continuity management market.
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Business Continuity Management (BCM) Market
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Business Continuity Management (BCM) Market Industry Overview The global business continuity management (BCM) market was valued at USD 360.0 million in 2018. 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 the enterprises are other factors that are driving the growth of global business continuity management market.
Business Continuity Management (BCM) Market Market Segmentation On the basis of offering, the global business continuity management market is segmented into services and solutions. Amongst these segments, solutions segment is estimated to generate larger revenue by 2024 owing to extensive utilisation of business continuity management solutions for crisis management, risk management and audit management. Growth Drivers Global voice assistant market has been driven by several key factors, predominantly increasing demand for voice assistant technology in contact centers, rising focus on customer satisfaction, increase in demand for value added customer support services in various industries such as retail, healthcare, automotive, and BFSI, advancements in imaging technologies, and rising shift in businesses toward automation.
Business Continuity Management (BCM) Market Geography Insight Business continuity management market in North America is anticipated to generate 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. Competitive Insight 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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