Third-Party Risk Management Market poised to transform compliance frameworks in the U.S. amid rising cyber threats
Third-Party Risk Management Market was valued at USD 6.91 billion in 2023 and is expected to reach USD 23.23 billion by 2032, growing at a CAGR of 14.48% from 2024-2032. Third-Party Risk Management Market is witnessing a strategic shift as organizations prioritize vendor transparency, compliance, and cybersecurity. Businesses across sectors are intensifying efforts to evaluate and monitor third-party partners to reduce operational, financial, and reputational risks. With rising regulatory demands and increasing reliance on global supply chains, the market is gaining strong momentum. U.S. Market Accelerates Demand for Automated Risk Monitoring Solutions Third-Party Risk Management Market continues to grow as enterprises adopt advanced technologies to manage vendor risks more proactively. From onboarding to continuous assessment, companies are leveraging automated platforms to streamline processes and ensure resilience in a rapidly evolving threat landscape....