Business Continuity Software Market
Business Continuity Software Market Size, Share & Trends Analysis Report by Solutions (Crisis Management, Risk Management, Audit Management, Government, Risk, and Compliance (GRC), Others), by Deployment Mode (Cloud-Based and On-Premise) and by Application (BFSI, Government, Healthcare, Transportation & Logistics, Automotive Manufacturing & Retail, IT and Telecom, and Others), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Business continuity software market is anticipated to grow at attrective CAGR of 9.0% during the forecast period. The market growth is attributed to the increased focus on business continuity planning and risk management by organizations. Further, the growing frequency of natural disasters and technological advancements in the field of data recovery and backup solutions are some other factors fueling the demand for business continuity software market. For instance, post-COVID-19 pandemic, several organizations realized the importance of having robust business continuity plans in place, which has led to increased adoption of business continuity software. Resultantly, various companies have adopted strategies such as mergers and acquisitions, as well as product launches, to stay competitive in the market. For instance, in January 2021, Agility Recovery acquired RecoveryPlanner, a leading SaaS tool for business continuity management planning and integrated risk management. The acquisition of RecoveryPlanner strengthens Agility's position in the market and provides renowned tools for business continuity planning, incident management, and integrated risk management. The RecoveryPlanner team includes master certified business continuity planners and industry experts who will join Agility's team.
Segmental Outlook
The global business continuity software market is segmented based on its type and application. Based on solutions, the market is segmented, into crisis management, risk management, audit management, government, risk, and compliance (GRC), and others (supplier management, cybersecurity management). Based on deployment mode, the market is segmented, into cloud-based and on-premise. Based on industry verticals, the market is categorized into BFSI, government, healthcare, transportation & logistics, automotive manufacturing & retail, it and telecom, and others (hospitality, oil & gas, energy & utilities, entertainment). Among the segments, the healthcare segment is expected to register substantial growth as the healthcare sector's growing investment in technology, partnerships, regulatory compliance, risk mitigation, and staff training is indicative of its increasing focus on business continuity within the market.
The Cloud-Based Sub-Segment is Expected to Witness Significant Growth during the Forecast Period
The cloud-based segment is expected to witness significant growth during the forecast period. The scalability, flexibility, and cost-effectiveness offered by cloud-based solutions is the major factor, which is driving its adoption among businesses of all sizes. For instance, in May 2020, 2nd Watch, a professional and managed cloud services vendor, launched a cloud disaster recovery service to help customers set up cloud disaster recovery in fewer than 30 days. The service includes disaster recovery planning, consultation, proof of concept for up to 100 machines, testing, training, and documentation.
Regional Outlooks
The global business continuity software market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is projected to experience considerable growth in the business continuity software market. Factors such as increasing digitization, rising awareness about business continuity, and the growing adoption of cloud-based solutions are driving the regional market growth.
Global Business Continuity Software Market Growth, by Region 2023-2030
North America is Anticipated to Hold a Significant Market Share in the Global Business Continuity Software Market.
North America is anticipated to hold a significant market share in the global business continuity software market. The well-established IT infrastructure, stringent regulations regarding data security and the presence of major software vendors in the region contribute to the dominance of North America. In addition, the presence of the major market player such as Castellan Solutions, Accenture, and others are offering new technology, product suit launches, and collaboration propel the market growth. For instance, in November 2020, Castellan Solutions launched a business continuity suite that offers a fully integrated software suite to solve operational resilience, business continuity, crisis management, and emergency notification challenges within one platform. The Castellan solution incorporates the world's first out-of-the-box operational resilience capability for driving greater organizational readiness.
Market Players Outlook
The major companies serving the global business continuity software market include Avalution GmbH, Clearview AI, Inc., Riskonnect Inc. and others. These market players are considerably contributing to the market growth by adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2022, Riskonnect released platform enhancements to assist organizations build business continuity and operational resilience. The new features are designed to help organizations align with regulatory measures and drive operational efficiency. The enhancements include a new module that enables real-time threat monitoring and faster response to critical events. The platform includes capabilities for business continuity, risk management, disaster recovery, and operational resilience. These enhancements will help customers build a more resilient business and better prepare for unexpected events.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global business continuity software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Avalution GmbH
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Clearview AI, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Riskonnect Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Business Continuity Software Market by Solutions
4.1.1. Crisis Management
4.1.2. Risk Management
4.1.3. Audit Management
4.1.4. Government, Risk, and Compliance (GRC)
4.1.5. Others (Supplier Management, Cybersecurity Management)
4.2. Global Business Continuity Software Market by Deployment Mode
4.2.1. Cloud
4.2.2. On-Premises
4.3. Global Business Continuity Software Market by Industry Vertical
4.3.1. BFSI
4.3.2. Government
4.3.3. Healthcare
4.3.4. Transportation & Logistics
4.3.5. Automotive
4.3.6. Manufacturing & Retail
4.3.7. IT and Telecom
4.3.8. Others (Hospitality, Oil & Gas, Energy & Utilities, Entertainment)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AO Kaspersky Lab.
6.2. Assurance Software
6.3. Badger Software Ltd.
6.4. Critchlow Geospatial Ltd.
6.5. IBM Corp.
6.6. INONI Inc.
6.7. Kerridge Commercial Systems Ltd.
6.8. Kuali Inc.
6.9. LogicManager Inc.
6.10. MetricStream
6.11. Plan4Continuity
6.12. Premier Continuum Inc.
6.13. Quantitative, LLC
6.14. RecoveryPlanner.com
6.15. Resolver Inc.
6.16. Rocket Software, Inc.
6.17. SAI360 Inc.
6.18. Strategic BCP Inc.
6.19. Stratus Technologies, Inc.
6.20. UltiMaker
6.21. Wolters Kluwer N.V.
1. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2022-2030 ($ MILLION)
2. GLOBAL CRISIS MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL RISK MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL AUDIT MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL GOVERNMENT, RISK, AND COMPLIANCE (GRC) BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL OTHERS BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
8. GLOBAL CLOUD-BASED BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL ON-PREMISES BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
11. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR GOVERNMENT ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR HEALTHCARE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR TRANSPORTATION & LOGISTICS ENTERPRISES (SMES) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR AUTOMOTIVE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR MANUFACTURING & RETAIL ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR IT AND TELECOM ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. NORTH AMERICAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. NORTH AMERICAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2022-2030 ($ MILLION)
22. NORTH AMERICAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
23. NORTH AMERICAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
24. EUROPEAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. EUROPEAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2022-2030 ($ MILLION)
26. EUROPEAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
27. EUROPEAN BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
31. ASIA-PACIFIC BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
32. REST OF THE WORLD BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
33. REST OF THE WORLD BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS INDUSTRY VERTICAL , 2022-2030 ($ MILLION)
34. REST OF THE WORLD BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
35. REST OF THE WORLD BUSINESS CONTINUITY SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY SOLUTION, 2022 VS 2030 (%)
2. GLOBAL CRISIS MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR ON-PREMISE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL RISK MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL AUDIT MANAGEMENT BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL GOVERNMENT, RISK, AND COMPLIANCE (GRC) BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL OTHERS BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030 (%)
9. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR CLOUD-BASED MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR ON-PREMISE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR GOVERNMENT ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR HEALTHCARE ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR TRANSPORTATION & LOGISTICS ENTERPRISES (SMES) MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR AUTOMOTIVE ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR MANUFACTURING & RETAIL ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR IT AND TELECOM ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. GLOBAL BUSINESS CONTINUITY SOFTWARE FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
20. GLOBAL BUSINESS CONTINUITY SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
21. US BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
22. CANADA BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
23. UK BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
24. FRANCE BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
25. GERMANY BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
26. ITALY BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
27. SPAIN BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF EUROPE BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
29. INDIA BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
30. CHINA BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
31. JAPAN BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
32. SOUTH KOREA BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
33. REST OF ASIA-PACIFIC BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
34. REST OF THE WORLD BUSINESS CONTINUITY SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
