Risk Management Consulting Market Report 2025 (Global Edition)

Global Risk Management Consulting Market Report 2025 Market Size Split by Type (Operational Risk Management, Credit Risk Management, Cybersecurity & Digital Risk, Network Risk, Balance Sheet Managemen...

Risk Management Consulting Market Report Description

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Top Companies in Risk Management Consulting Market

The competitive landscape of the Risk Management Consulting market provides an analysis of how key players interact and position themselves in the market. It covers market share distribution, competitive strategies like product differentiation, pricing, mergers, and partnerships. The analysis includes recent business developments such as new product launches, geographic expansions, and technological innovations. Financial metrics (revenue, gross margin, market share) for 2021-2024 offer insights into company performance, while SWOT analyses highlight strengths, weaknesses, opportunities, and threats. The report also examines how companies have adapted to challenges like COVID-19 through cost-cutting and digital transformation. (For company-specific financials, request sample pages or consult with our experts.)

Top Companies Market Share in Risk Management Consulting Industry: (In no particular order of Rank)

• KPMG
• Deloitte
• BCG (Boston Consulting Group)
• Grant Thornton
• Goldman Sachs
• FTI Consulting
• Accenture
• Marsh & McLennan Companies
• Inc
• PwC (PricewaterhouseCoopers)
• EY (Ernst & Young)
• Capgemini
• Mercadien Group
• Princeton Holdings Limited
• Metrics
• Silver Stone Group
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Risk Management Consulting

Which Region will dominate the Risk Management Consulting Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. Risk management consultants to ensure compliance with laws, regulations, and industry standards such as the Sarbanes-Oxley Act (SOX), medical portability, etc., due to stringent regulatory requirements in industries such as finance, healthcare, and technology. North America has stringent regulatory frameworks across various industries, including finance, healthcare, energy, and technology. Companies operating in these sectors are required to comply with a myriad of regulations related to data protection, financial reporting, environmental sustainability, and consumer privacy, among others. With high-profile data breaches, ransomware attacks, and cyber threats, organizations are turning to cybersecurity risk management consulting services to protect sensitive information, improve cybersecurity, and comply with data privacy regulations such as the California Consumer Regulations. 

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase; With the proliferation of digital technologies and the increasing frequency of cyber threats, cybersecurity has become a top priority for organizations across Europe. High-profile data breaches, ransomware attacks, and cybersecurity incidents have highlighted the importance of robust risk management practices to protect sensitive information, intellectual property, and critical infrastructure. Risk management consulting firms play a vital role in helping organizations assess their cybersecurity risks, develop comprehensive risk mitigation strategies, and enhance their cyber resilience posture.

The current report Scope analyzes Risk Management Consulting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Risk Management Consulting Market Analysis

According to Cognitive Market Research, the global Risk Management Consulting market size was estimated at USD 113681.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 45472.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. 5. The financial services industry in North America is subject to rigorous regulatory oversight, particularly in the aftermath of the global financial crisis and subsequent regulatory reforms. Financial institutions face regulatory requirements related to risk management, capital adequacy, liquidity management, anti-money laundering (AML), and fraud prevention. Risk management consulting firms offer specialized expertise in financial risk management, regulatory compliance, stress testing, model validation, and internal controls, supporting financial institutions in navigating regulatory complexities and enhancing their risk management capabilities.

According to Cognitive Market Research, the US had a major share in the Risk Management Consulting market with a market size of USD 35877.79 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The US boasts sophisticated, high-profile data breaches, ransomware attacks, and cyber threats; organizations are turning to cybersecurity risk management consulting services to protect sensitive information, improve cybersecurity, and comply with data privacy regulations such as the California Consumer Regulations. We encourage investment in—privacy Protection Act (CCPA).

• The Canada Risk Management Consulting market had a market share of USD 5456.70 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The rapid adoption of digital technology and cloud computing is driving demand for risk management consultants who address the risks of digital transformation, including cybersecurity, data privacy, regulatory compliance, and technology integration challenges.
• The Mexico Risk Management Consulting market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 4138.00 million in 2024.

 

Europe Risk Management Consulting Market Analysis

According to Cognitive Market Research, with a market value of USD 113681.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 34104.36 million. Organizations in Europe are increasingly adopting enterprise risk management (ERM) frameworks to holistically identify, assess, and manage risks across their operations. ERM enables companies to integrate risk management into strategic planning processes, align risk appetite with business objectives, and enhance decision-making transparency. Risk management consulting firms assist clients in implementing ERM programs, conducting risk assessments, establishing risk governance structures, and embedding risk management practices into organizational culture.

• The United Kingdom Risk Management Consulting market had a market share of USD 5729.53 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Brexit and the ongoing Brexit negotiations will create regulatory uncertainty, geopolitical risk, and trade disruption for companies operating in Europe, as well as the impact of Brexit.

• The France Risk Management Consulting market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 3137.60 million in 2024.
• According to Cognitive Market Research, the Germany Risk Management Consulting market size was valued at USD 6752.66 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In Germany, Germany is renowned for its advanced infrastructure and high standards. 
• The Italy Risk Management Consulting market is projected to grow at a CAGR of 5.4% during the forecast period, reaching a market size of USD 2932.97 million in 2024.
• The Russia Risk Management Consulting market is projected to grow at a CAGR of 5.0% during the forecast period, reaching a market size of USD 5286.18 million in 2024.
• The Spain Risk Management Consulting market is projected to grow at a CAGR of 5.1% during the forecast period, reaching a market size of USD 2796.56 million in 2024.
• The Luxembourg Risk Management Consulting market is projected to grow at a CAGR of 6.1% during the forecast period, reaching a market size of USD 1057.24 million in 2024.
• The Portugal Risk Management Consulting market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 716.19 million in 2024.
• The Greece Risk Management Consulting market is projected to grow at a CAGR of 6.3% during the forecast period, reaching a market size of USD 409.25 million in 2024.
• The rest of the Europe Risk Management Consulting market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5286.18 million in 2024.

 

Asia Pacific Risk Management Consulting Market Analysis

According to Cognitive Market Research, the global Risk Management Consulting market size was estimated at USD 113681.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 26146.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. Asia's role as a global manufacturing and supply chain hub exposes companies to supply chain risks such as geopolitical tensions, trade disputes, natural disasters, and disruption. These are driving the demand for supply chain risk management consulting. Services to improve supply chain resilience and reduce operational risk. The diverse regulatory environments of Asian countries create compliance challenges for multinational companies operating in the region, which must manage regulatory requirements, ensure compliance with local laws, and mitigate regulatory risks in areas such as data. Demand for mitigating risk management consultants is increasing. 

• According to Cognitive Market Research, the China Risk Management Consulting market size was valued at USD 11766.0 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. The rapid adoption of digital technologies such as e-commerce, fintech, and artificial intelligence in Asia is creating opportunities and risks for businesses to address cybersecurity threats and data privacy concerns.

• The Japan Risk Management Consulting market is projected to grow at a CAGR of 8.0% during the forecast period, reaching a market size of USD 3608.24 million in 2024.

• The India Risk Management Consulting market had a market share of USD 3137.60 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. Technology consultants are in high demand for risk management, technology risks, and regulatory compliance challenges associated with digital transformation.
• The South Korea Risk Management Consulting market is projected to grow at a CAGR of 8.6% during the forecast period, reaching a market size of USD 2614.67 million in 2024.
• The Australia Risk Management Consulting market is projected to grow at a CAGR of 9.2% during the forecast period, reaching a market size of USD 1359.63 million in 2024.
• The South East Asia Risk Management Consulting market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 1804.12 million in 2024.
• The Rest of the Asia Pacific Risk Management Consulting market is projected to grow at a CAGR of 9.3% during the forecast period, reaching a market size of USD 1856.41 million in 2024.

 

South America Risk Management Consulting Market Analysis

According to Cognitive Market Research, the global Risk Management Consulting market size was estimated at USD 113681.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 5684.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. Latin America's political instability, economic instability, and currency fluctuations pose risks to companies operating in the region, which require companies to assess political risk, manage foreign exchange risk, and manage regulatory requirements. 

According to Cognitive Market Research, the Brazil Risk Management Consulting market size was valued at USD 2432.78 million in 2024 and is projected to grow at a CAGR of 7.5 % during the forecast period. As Brazil is prone to natural disasters such as hurricanes, earthquakes, and floods, as well as environmental risks such as deforestation, pollution, and the effects of climate change, risk management consultants are in demand. is increasing

• The Argentina Risk Management Consulting market had a market share of USD 954.92 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Infrastructure projects in sectors such as energy, transportation, and communications demand risk management consultants to assess project risk, secure financing, manage regulatory compliance, and mitigate geopolitical risks associated with infrastructure investments in Argentina.
• The Colombia Risk Management Consulting market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 505.88 million in 2024.
• The Peru Risk Management Consulting market is projected to grow at a CAGR of 7.1% during the forecast period, reaching a market size of USD 466.09 million in 2024.
• The Chile Risk Management Consulting market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 409.25 million in 2024.
• The Rest of Latin America Risk Management Consulting market is projected to grow at a CAGR of 6.0% during the forecast period, reaching a market size of USD 915.13 million in 2024.

 

Middle East Risk Management Consulting Market Analysis

According to Cognitive Market Research, the global Risk Management Consulting market size was estimated at USD 113681.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2273.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. With the proliferation of digital technologies and the increasing frequency of cyber threats, cybersecurity has become a top priority for organizations across MEA. High-profile data breaches, ransomware attacks, and cybersecurity incidents have highlighted the importance of robust risk management practices to protect sensitive information, intellectual property, and critical infrastructure. 

According to Cognitive Market Research, the GCC Countries Risk Management Consulting market size was valued at USD 973.11 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Political instability, economic uncertainty, and regulatory challenges in some African countries pose risks to companies operating in the region, and they need to navigate the regulatory environment and assess political risks. There is a growing demand for risk management consultants to develop risk mitigation strategies.

• The Egypt Risk Management Consulting market is projected to grow at a CAGR of 7.5% during the forecast period, reaching a market size of USD 238.73 million in 2024.
• The South Africa Risk Management Consulting market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 359.23 million in 2024. Extraction of natural resources, such as oil, gas, and minerals, poses environmental, social, and geopolitical risks for companies operating in extractive industries and assesses their environmental impact.
• The Turkey Risk Management Consulting market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 195.53 million in 2024.
• The Nigeria Risk Management Consulting market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 238.73 million in 2024.
• The Rest of the MEA Risk Management Consulting market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 268.29 million in 2024.

Risk Management Consulting Market Analysis

Risk Management Consulting Type  Segment Analysis

According to Cognitive Market Research, Based on the type, Operational Risk Management accounted for a revenue of 36.55 billion in 2024. Operational Risk Management (ORM) is becoming increasingly dominant in the market due to its vital role in ensuring business continuity, regulatory compliance, and overall operational resilience across various industries. As organizations navigate an ever-evolving and unpredictable business landscape, ORM offers a systematic approach to identifying, evaluating, and mitigating risks associated with process inefficiencies, human errors, compliance failures, and external threats like natural disasters or political instability. By leveraging cutting-edge technologies such as AI, data analytics, and IoT, ORM allows businesses to proactively foresee and address potential risks, ensuring smoother operations while minimizing financial losses and reputational damage

• Advanced Risk Analytics
• Balance Sheet Management
• Credit Risk Management
• Cybersecurity & Digital Risk
• Network Risk
• Operational Risk Management
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Risk Management Consulting Industry. Request a Free Sample PDF!

Risk Management Consulting End Users Segment Analysis

According to Cognitive Market Research, Based on the end user, large enterprises accounted for a revenue of 85.50 billion in 2024. Large enterprises lead the risk management consulting market due to their intricate and varied operational requirements, which necessitate specialized knowledge to address a broad spectrum of risks, such as financial, strategic, operational, compliance, and reputational challenges. With their expansive and often international operations, these organizations face a heightened level of risk exposure that can have a profound impact on their financial performance, making the development of strong risk management frameworks crucial. Consulting firms like Protiviti and Deloitte respond to this need by providing customized solutions that boost operational effectiveness, ensure compliance with regulatory standards, and reduce potential risks through cutting-edge technologies and expert risk management practices.

• Large Enterprise
• SME

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Risk Management Consulting Industry Segment Analysis

According to Cognitive Market Research, Based on the industry, financial services accounted for a revenue of 18.65 billion in 2024. The financial services sector leads the market due to its intricate and multifaceted risk environment, which demands tailored risk management solutions to tackle the distinct challenges faced by investment firms, insurance companies, asset management firms, and fintech providers. These organizations are highly vulnerable to market volatility, regulatory compliance issues, and cybersecurity threats, requiring them to rely on advanced risk modeling techniques, AI-driven predictive analytics, and fraud detection technologies to protect their operations. The downfall of major financial institutions such as Credit Suisse in 2023 emphasized the urgent need for strategic risk consulting in wealth management and asset management. Additionally, the rapid expansion of fintech and blockchain technologies has brought about new challenges related to cybersecurity and the ever-changing regulatory landscape.

• Banking
• Financial Services
• Automotive
• IT and Telecom
• Retail
• Healthcare
• Energy and Utilities
• Manufacturing
• Government and Defense
• Others

Risk Management Consulting Deployment Model Segment Analysis

• On-premises
• Cloud-based

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion